909 S N St, Lake Worth, FL 33460
Renovated quadplex with four 2-bedroom units, impact windows, newer roofs, and separate electric and water meters.
- Added:
- Jun 21, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 22 at 2:10 am
Property Features for 909 S N St
General Information
- Standard status
- Active
- Size
- 4,800 SF
- Lot size
- 0.33 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1981
Listing agent Robert M Miller License #3207781 (561) 307-2452
Listing office (561) 307-2452
Listing date Jun 21, 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 Robert M Miller
HighLights
- Renovated quadplex built in 1981 with four 2‑bedroom, 2‑bath units, each approximately 1,200 SF
- Two concrete block duplex buildings on nearly 3/4 acre with ~4,800 total SF
- New roofs in 2022 and impact windows & doors throughout
- Updated interiors plus separate electric and water meters for each unit
- Each unit includes a washer/dryer or has possible washer/dryer hook‑up
- Ample off‑street parking and potential market rent of $2,300+/month per unit
Overview
The property is located just minutes from downtown Lake Worth Beach, Bryant Park, and the oceanfront. With this proximity to local dining, recreation, and the beach area, the setting may appeal to both long-term residents and short-term stays.
From a tenant or ownership perspective, the layout and separate metering can support straightforward operation across four separate units. The current renovations and in-unit laundry availability make it well-suited for long-term occupancy. The property is also described as a potential option for short-term rental conversion, as well as for 1031 exchange buyers seeking a stabilized, turnkey asset, with owner financing noted as possible with 40% down.
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 | $121.0k | $25.20 |
| − Vacancy | −$6.7k | −$1.39 |
| EGI | $114.3k | $23.81 |
| − OpEx | −$34.3k | −$7.14 |
| NOI | $80.0k | $16.67 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lake Worth
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0611214
- Latitude
- 26.6268271
