Lake Worth Beach
714 N 4th Ave Ave N Lake Worth, FL 33460
714 N 4th Ave Ave N, Lake Worth, FL, 33460
$645,000
For Sale
$645,000
Triplex near Downtown Lake Worth Beach with flexible unit mix.
Property Size2,354 SF
Lot Size0.08 Acres
Price / SF$274
Days on Market94
Property Features for 714 N 4th Ave Ave N
General Information
- Standard status
- Active
- Size
- 2,354 SF
- Lot size
- 0.08 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1952
Listing Agency
Home Sold Realty LLC
(833) 700-2782
Listed by
Camilo De la Cruz Perez · License #276535504
(833) 700-2782
Source
Elliman
Added: Apr 15 Checked: Jul 17 at 4:02 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Home Sold Realty LLC
Investment Insights
Based on property information with market context.
Constructed in 1952, this property offers 2,354 gross square feet of space on a 0.08-acre lot. The building features wood frame construction and a flat built-up roof. The unit mix includes one two-bedroom/two-bathroom unit, one two-bedroom/one-bathroom unit, and one one-bedroom/one-bathroom unit, providing a flexible layout suitable for various tenant preferences. This varied unit mix offers both larger floorplans and smaller, more affordable options within a compact footprint. Situated just north of Downtown Lake Worth Beach, the property allows convenient access to the dining, retail, and entertainment options along Lake Avenue, as well as the Intracoastal Waterway and Lake Worth Beach Park. Local employment opportunities are available at JFK Medical Center, municipal offices, and service-based businesses throughout Palm Beach County. The location has a bike score of 57, indicating it is bikeable, and a walk score of 67, indicating it is somewhat walkable.
Key Highlights
- Prime location just north of Downtown Lake Worth Beach, offering convenient access to dining, retail, entertainment, the Intracoastal Waterway, and Lake Worth Beach Park.
- Flexible unit mix consisting of one 2‑bedroom/2‑bathroom, one 2‑bedroom/1‑bathroom, and one 1‑bedroom/1‑bathroom unit.
- Total building size of 2,354 square feet on a 0.08‑acre lot.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.3k | $25.20 |
| − Vacancy | −$3.3k | −$1.39 |
| EGI | $56.1k | $23.81 |
| − OpEx | −$16.8k | −$7.14 |
| NOI | $39.2k | $16.67 |
2,354 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$560.6K
$490.5K – $654.0K
NOI $39,241 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$517.2K
$452.5K – $603.4K
NOI $36,203 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$1.66M
$1.45M – $1.93M
NOI $116,047 @ 7.0% cap · market cap 17.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Triplex near Downtown Lake Worth Beach with flexible unit mix.
Where is this triplex located?
The property is located at 714 N 4th Ave Ave N Lake Worth, FL.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Prime location just north of Downtown Lake Worth Beach, offering convenient access to dining, retail, entertainment, the Intracoastal Waterway, and Lake Worth Beach Park.; Flexible unit mix consisting of one 2‑bedroom/2‑bathroom, one 2‑bedroom/1‑bathroom, and one 1‑bedroom/1‑bathroom unit.; Total building size of 2,354 square feet on a 0.08‑acre lot.
