Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1008 18th Ave N Lake Worth, FL 33460

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $925,000

    Fully occupied 4-unit property near downtown Lake Worth Beach.

    Type:Investment
    Added:
    Apr 24, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 24 at 3:59 pm

    Property Features for 1008 18th Ave N

    General Information

    Standard status
    Active
    Property subtype
    Investment

    Building Details

    Year Built
    1970

    We can help!

    Listing Contact
    Elior Levi
    Elior Levi

    Listing agent Elior Levi License #3574869

    Listing office Fausto Commercial Realty Consultants Inc

    Listing date Apr 24, 2026

    Source Elliman

    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 Fausto Commercial Realty Consultants Inc

    Overview

    Lake Worth Multifamily Income Property

    This is a fully occupied, income-producing 4-unit multifamily property located in Lake Worth Beach, FL. Each unit has been recently upgraded with central AC, new flooring, modern lighting, and renovated kitchens and bathrooms. The property also includes a coin laundry room for additional income. The building generates almost $7,000 per month and offers immediate cash flow with upside potential through rental growth and operational improvements. It is located minutes from downtown Lake Worth Beach, the area’s beaches, I-95, and Palm Beach International Airport. The location has a bike score of 59, indicating it is bikeable, and a walk score of 54, indicating it is somewhat walkable.
    Location Intelligence

    Current Use by Public Records

    Alliance Pest Control ... Home Decor Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Worth
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0561142
    Latitude
    26.6374651

    Nearby Similar for Sale

    • $949,000
      2,144 SF

      Lake Worth Beach Multifamily Property

      Four-unit multifamily property in Lake Worth Beach, Florida.
      802 N J Street, Lake Worth Beach, FL 33460
      View Details
    • $945,000
      1,806 SF

      Lake Worth Fourplex on Corner Lot

      Fourplex in Lake Worth Beach with mixed-use zoning.
      1625 S Federal Hwy, Lake Worth, FL 33460
      View Details
    • $800

      Equestrian Estate Near Wellington

      Equestrian facility with stalls, living options, and arenas.
      10601 Tamis Trail, Lake Worth, FL 33449
      View Details
    • $5,000

      Equestrian Estate Near WEF

      Equestrian facility with stalls, living options, and arenas.
      10601 Tamis Trail, Lake Worth, FL 33449
      View Details
    • $899,000
      2,024 SF

      Lake Worth Beach Quadplex

      Turn-key quadplex near beach and shops in Lake Worth Beach.
      226 S Palmway, Lake Worth Beach, FL 33460
      View Details
    • $599,000
      3,864 SF

      Spacious Legal Duplex Near Development

      Large duplex in up-and-coming area, potential for increased income.
      902 N F Street, Lake Worth Beach, FL 33460
      View Details
    • $1,100,000
      2,420 SF

      Lake Worth Beach Multifamily Property

      Four units near the beach with modern, high-end finishes.
      502 N H Street, Lake Worth Beach, FL 33460
      View Details
    • $549,000
      1,643 SF

      Lake Worth Income-Producing Duplex

      Remodeled duplex on a large corner lot in Lake Worth.
      3910 Holden Lane, Lake Worth, FL 33461
      View Details
    • $675,000
      1,640 SF

      Three Homes, One Corner Lot

      Three single-family homes on one corner lot near the beach.
      401 S L Street, Lake Worth Beach, FL 33460
      View Details
    • $375,000
      1,040 SF

      Lake Worth Beach CBS Duplex

      Duplex near Lake Worth Beach, ready for tenants.
      115 N A Street, Lake Worth Beach, FL 33460
      View Details
    • $739,500
      2,200 SF

      Light Industrial Condo Near I95

      2200 SF flex warehouse with offices near I-95.
      3677 23 Ave S B104, Lake Worth Beach, FL 33461
      View Details
    • $2,500,000

      Profitable Distributor Business Opportunity

      Turnkey bathroom and kitchen distributor with high margins and market leadership.
      Lake Worth, FL 33461
      View Details

    FAQs

    What type of property is this?
    Quadplex - Fully occupied 4-unit property near downtown Lake Worth Beach.
    Where is this quadplex located?
    The property is located at 1008 18th Ave N Lake Worth, FL.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: Fully occupied, income‑producing 4‑unit multifamily property.; Recently upgraded units feature central AC, new flooring, modern lighting, and renovated kitchens and bathrooms.; Generates almost $7,000 per month with upside potential.
    (954) 743-7594
    We can help!
    Listing Contact
    Elior Levi
    Elior Levi
    Real Estate License ID: 3574869
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!