New 4-Unit Multifamily
129 S K Street Lake Worth, FL 33460
129 S K Street, Lake Worth, FL, 33460
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For Sale
Contact for pricing
Brand-new four-unit building with two-bedroom, two-bath layouts, private covered balconies, and individually metered electric and water.
Property Size4,628 SF
Price / SF$426.75
Days on Market32
Property Features for 129 S K Street
General Information
- Standard status
- Active
- Size
- 4,628 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2026
Listing agency
Universal Realty Associates
Listed by
Bey Atmaca · License #FL
Source
Crexi
Added: Jun 20 Updated: Jul 21 at 3:28PM Checked: Jul 21 at 3:28PM
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 Universal Realty Associates
Investment Insights
Based on property information with market context.
Brand-new, never-occupied 4-unit multifamily building for sale. Each unit includes 2 bedrooms and 2 bathrooms, along with a large modern kitchen and an open living area. Residents also have a private covered balcony, and each unit is served by its own central air conditioning system. Electric and water service are separately metered for individual unit convenience.
The property sits on a corner lot and includes one dedicated parking space per unit, an ADA-compliant accessible parking space, and additional street parking for guests.
The asset is offered as a turnkey investment with new construction features and low-maintenance considerations. The provided location description indicates convenient access to downtown Lake Worth, downtown Delray Beach, the Intracoastal Waterway, nearby beaches, public transportation, shopping, dining, entertainment, parks, and major employment centers.
The property sits on a corner lot and includes one dedicated parking space per unit, an ADA-compliant accessible parking space, and additional street parking for guests.
The asset is offered as a turnkey investment with new construction features and low-maintenance considerations. The provided location description indicates convenient access to downtown Lake Worth, downtown Delray Beach, the Intracoastal Waterway, nearby beaches, public transportation, shopping, dining, entertainment, parks, and major employment centers.
Key Highlights
- Year built 2026: brand‑new, never‑occupied 4‑unit multifamily building.
- All units feature 2 bedrooms and 2 bathrooms with a large modern kitchen and open living area.
- Each unit has a private covered balcony and an individual central air conditioning system.
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 | $116.6k | $25.20 |
| − Vacancy | −$6.4k | −$1.39 |
| EGI | $110.2k | $23.81 |
| − OpEx | −$33.1k | −$7.14 |
| NOI | $77.1k | $16.67 |
4,628 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$964.4K – $1.29M
NOI $77,148 @ 7.0% cap · market cap 3.91%
Second Best
Apartment 5plus
$1.02M
$889.7K – $1.19M
NOI $71,175 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$3.26M
$2.85M – $3.80M
NOI $228,151 @ 7.0% cap · market cap 11.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Brand-new four-unit building with two-bedroom, two-bath layouts, private covered balconies, and individually metered electric and water.
Where is this quadplex located?
The property is located at 129 S K Street Lake Worth, FL.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Year built 2026: brand‑new, never‑occupied 4‑unit multifamily building.; All units feature 2 bedrooms and 2 bathrooms with a large modern kitchen and open living area.; Each unit has a private covered balcony and an individual central air conditioning system.
