Duplex with Screened
For Sale
$459,900
1314 N J Street, Lake Worth, FL 33460
MULTI_FAMILY - Lake Worth Beach, FL
Property Size1,480 SF
Lot Size0.11 Acres
Price / SF$310.74
Days on Market49
Property Features for 1314 N J Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
SF-TF-14 (city)
Bedrooms
3
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 3, Bathroom 2
Window features
Shutters
Patio and Porch features
Patio
Pets allowed
No, Yes
Exterior features
Outdoor Shower
Fencing
Privacy
Subdivision
NORTH LAKE WORTH
Lot features
Sidewalks
Elementary school
North Grade K-8
Middle school
Lake Worth
High school
Lake Worth
Directions
Federal Highway to 13th Ave North, west to North J Street, right (north) on J to property. House on right hand side.
Standard status
Active
APN
38434415160370040
Size
1,480 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
NORTH LAKE WORTH LT 4 BLK 37
Tax Annual Amount
8538
Legal Description
NORTH LAKE WORTH LT 4 BLK 37
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric, Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
fireplace
central air conditioning
screened lanai
fenced yard
hurricane shutters
Building Details
Year built
1940
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Stucco, Wood Frame
Roof type
Composition, Flat
Listing Agency:
Illustrated Properties LLC
(561) 582-5338
Listed By:
Erin Allen · License #3229588
(561) 312-5925
Added: Jun 26
Changed: Aug 12
Last Checked: Aug 13 at 2:06PM
MLS# B26046074
Copyright © 2026 BeachesMLS. 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 legally zoned duplex offers flexible living and income potential with a main house plus a rear unit. Built in 1940, the property features a screened lanai overlooking a fully fenced backyard for privacy. The main house includes two bedrooms and one bathroom, with newly installed luxury vinyl plank flooring, crown molding, a woodburning fireplace, central A/C, and a spacious kitchen with quartz counters and stainless appliances. The rear unit has its own private entrance from outdoors, along with a full kitchen and a walk-in closet.
The home is supported by public water and public sewer, with cable available. Outdoor convenience includes an outdoor shower and a patio area. Hurricane accordion shutters provide added protection, and the property is described as not being in a flood zone. Off-street parking is available for two vehicles.
Zoned SF-TF-14 (city), this two-unit configuration can be maintained as separate living spaces or combined for a larger single-family-style layout, depending on your preference and operations.
The home is supported by public water and public sewer, with cable available. Outdoor convenience includes an outdoor shower and a patio area. Hurricane accordion shutters provide added protection, and the property is described as not being in a flood zone. Off-street parking is available for two vehicles.
Zoned SF-TF-14 (city), this two-unit configuration can be maintained as separate living spaces or combined for a larger single-family-style layout, depending on your preference and operations.
Key Highlights
- Legally zoned SF‑TF‑14 (city) duplex configuration
- 0.11‑acre lot; built in 1940
- Main house: two bedrooms, one bath; central A/C and woodburning fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,671
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$493,420
$493.4K
Cap Rate 7%
$352,443
$352.4K
Cap Rate 9%
$274,122
$274.1K
Market Conditions
NOI Build-Up for 1,480 SF
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.
Gross rent
$37.3K $25.20/SF
− Vacancy
−$2.1K −$1.39/SF
EGI
$35.2K $23.81/SF
− OpEx
−$10.6K −$7.14/SF
NOI
$24.7K $16.67/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$493,420
Cap Rate 7%
$352,443
Cap Rate 9%
$274,122
Alternative Uses
Best Use
Multifamily LT 5
$352.4K
$308.4K – $411.2K
NOI $24,671 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$325.2K
$284.5K – $379.4K
NOI $22,761 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$1.04M
$912.0K – $1.22M
NOI $72,961 @ 7.0% cap · market cap 15.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
729
Businesses Nearby
Explore this area
Business Placement
Demographics for 33460, FL
36,409
Population
14,769
Households
2.5
Avg Household Size
36
Median Age
24%
College-Educated
72%
High-School Grad
4.7 sq mi
ZIP Area
7,747
Density / Sq Mi
$61,702
Median Household Income
$32,388
Median Earnings
$1,411
Median Rent
$333,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Legally zoned duplex with privacy-fenced backyard, screened lanai, and off-street parking for two vehicles.
Where is this duplex located?
The property is located at 1314 N J Street Lake Worth, FL.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: Legally zoned SF‑TF‑14 (city) duplex configuration; 0.11‑acre lot; built in 1940; Main house: two bedrooms, one bath; central A/C and woodburning fireplace
