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Legally Zoned Duplex Income Property

1314 N J Street Lake Worth, FL 33460

1314 N J Street, Lake Worth, FL, 33460
$459,900
For Sale
Claim this Listing
$459,900

MULTI_FAMILY - Lake Worth Beach, FL

Property Size1,480 SF
Lot Size0.11 Acres
Price / SF$310.74
AddedJun 26
Days on Market21
Last RefreshJul 16 at 4:06 am

Property Features for 1314 N J Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
SF-TF-14 (city)
Bedrooms
3
Rooms
Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 1
Window features
Shutters
Patio and Porch features
Patio
Pets allowed
No, Yes
Exterior features
Outdoor Shower
Fencing
Privacy
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

Utilities

Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s), Electric
Water source
Public

Building Details

Year built
1940
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Stucco, Wood Frame
Roof type
Flat, Composition

Listing agent Erin Allen License #3229588

Listing office Illustrated Properties LLC 230 S Ocean Blvd., Palm Beach Gardens, FL

Listing date Jun 26, 2026

MLS# B26046074 Listing URL

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 two distinct living spaces within a historic 1940 Spanish Mission-style home. The main house is a 2-bedroom, 1-bath layout with newly installed luxury vinyl plank flooring, crown molding, a woodburning fireplace, central A/C, and a kitchen with quartz counters and stainless appliances. A large screened lanai overlooks a fully fenced backyard. The rear unit has its own private outdoor entrance and features Saltillo floors, spacious living areas, a walk-in closet, and a full kitchen.

Off-street parking is available for two vehicles. Hurricane accordion shutters are included, and the property is stated as not being in a flood zone.

Zoned SF-TF-14 (city), the configuration supports keeping the home as two units or combining the spaces to create a single residence for flexible living arrangements.

Key Highlights

  • Legally zoned duplex with options to live in one unit and rent the other (or combine for a single‑family or multi‑generational setup)
  • Built in 1940: main home is 2‑bedroom/1‑bath with newly installed luxury vinyl plank floors, crown molding, woodburning fireplace, central A/C, and quartz counters
  • Rear unit has a private outdoor entrance and includes a full kitchen, walk‑in closet, and spacious living area

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 $37.3k $25.20
− Vacancy −$2.1k −$1.39
EGI $35.2k $23.81
− OpEx −$10.6k −$7.14
NOI $24.7k $16.67
1,480 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$352.4K
$308.4K – $411.2K (±1% cap)
NOI $24,671 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$325.2K
$284.5K – $379.4K (±1% cap)
NOI $22,761 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$1.04M
$912.0K – $1.22M (±1% cap)
NOI $72,961 @ 7.0% cap · market cap 15.86%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Dental Office Daycare Center Real Estate Agency Cafe & Coffee Shop Travel Agency Pet Grooming Service Nail Salon (Bike/Boat/Book/etc) Store Nursing Home Pet Store & Service

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

FAQs

What type of property is this?
Duplex - Duplex built in 1940 with two separate units, off-street parking, and a screened lanai overlooking a fenced yard.
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 duplex with options to live in one unit and rent the other (or combine for a single‑family or multi‑generational setup); Built in 1940: main home is 2‑bedroom/1‑bath with newly installed luxury vinyl plank floors, crown molding, woodburning fireplace, central A/C, and quartz counters; Rear unit has a private outdoor entrance and includes a full kitchen, walk‑in closet, and spacious living area
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