CBS Duplex with Two 2/1
125 Cleveland St Lake Worth, FL 33461
New
125 Cleveland St, Lake Worth, FL, 33461
$449,000
For Sale
$449,000
MULTI_FAMILY - Lake Worth, FL
Property Size1,258 SF
Price / SF$356.92
Days on Market2
Property Features for 125 Cleveland St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Rooms
- Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 2
- Parking
- 4
- Exterior features
- Fence, Fruit Trees, Shed
- Fencing
- Fenced
- Standard status
- Active
- APN
- 38434428010050070
- Size
- 1,258 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- BUFFALO HEIGHTS~ REVISED PLAT LT 7 BLK 5
- Tax Annual Amount
- 6557
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Wall Furnace
- Cooling system
- Wall/Window Unit(s), Window Unit(s), Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1953
- Floors in Building
- 1
- Flooring type
- Tile - Ceramic
- Building materials
- Block
- Roof type
- Composition, Built-Up, Tile, Flat
Listing agency
Keller Williams Realty Premier Properties
(305) 595-2844
Listed by
Cristina Benitez · License #3143564
(786) 333-3652
Added: Jul 20 Checked: Jul 21 at 12:06PM
MLS# A12054262
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This solid CBS duplex offers two true 2/1 units with separate street addresses. The property has a new roof installed in 2024, along with three new A/C units added in 2026. Unit 125 is vacant and described as freshly painted and move-in ready with new A/C throughout. Unit 127 is tenant-occupied on a month-to-month basis, generating stated rent of $2,050 per month.
The duplex is located in Lake Worth, Florida, near Lake Osborne and John Prince Park, with waterfront trails, fishing, and a boat ramp described as minutes away. The seller also notes downtown Lake Worth Beach and the ocean are about a 10-minute drive.
The property is described as being in an X flood zone. The seller’s remarks also list TOD-W transit-oriented zoning. One side can be owner-occupied while the other provides rental income, with nearly $50,000 gross potential noted in the listing.
The duplex is located in Lake Worth, Florida, near Lake Osborne and John Prince Park, with waterfront trails, fishing, and a boat ramp described as minutes away. The seller also notes downtown Lake Worth Beach and the ocean are about a 10-minute drive.
The property is described as being in an X flood zone. The seller’s remarks also list TOD-W transit-oriented zoning. One side can be owner-occupied while the other provides rental income, with nearly $50,000 gross potential noted in the listing.
Key Highlights
- CBS duplex built in 1953 with two true 2/1 units and separate street addresses
- New roof in 2024 plus 3 new A/C units installed in 2026
- Unit 125 is vacant and freshly painted with new A/C throughout (move‑in ready)
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 | $31.7k | $25.20 |
| − Vacancy | −$1.7k | −$1.39 |
| EGI | $30.0k | $23.81 |
| − OpEx | −$9.0k | −$7.14 |
| NOI | $21.0k | $16.67 |
1,258 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$299.6K
$262.1K – $349.5K
NOI $20,971 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$276.4K
$241.8K – $322.5K
NOI $19,347 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$886.0K
$775.2K – $1.03M
NOI $62,017 @ 7.0% cap · market cap 13.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Solid CBS duplex features two true 2/1 units, with a 2024 roof and multiple new A/C units.
Where is this duplex located?
The property is located at 125 Cleveland St Lake Worth, FL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: CBS duplex built in 1953 with two true 2/1 units and separate street addresses; New roof in 2024 plus 3 new A/C units installed in 2026; Unit 125 is vacant and freshly painted with new A/C throughout (move‑in ready)
