Duplex With Detached
New
For Sale
$399,000
713 10th Avenue N, Lake Worth, FL 33460
Two separate living spaces offer flexible owner-occupant or rental use with individual utility metering and off-street parking.
Property Size1,383 SF
Price / SF$300.23
Days on Market3
Property Features for 713 10th Avenue N
General Information
Standard status
Active
Size
1,383 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
SF-TF-14 (city)
Units
Unit Mix
1 x 2BR/1BA, 1 x studio
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$7,673
Amenities
on-site washer and dryer
Building Details
Building Size
1,383 SF
Year Built
1925
Buildings
2
Stories
1
Listing Agency:
LPT Realty, LLC
Listed By:
Michael Luciano · License #3371345
(561) 536-3725
Source:
Laerrealty
Added: Sep 19
Changed: Sep 20
Last Checked: Sep 21 at 3:59AM
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 LPT Realty, LLC
Investment Insights
Based on property information with market context.
This duplex property includes a 1,329-square-foot main residence and a detached cottage on a fenced lot. The primary home, built in 1925, offers two bedrooms, one bathroom, a dining area, living room, and vintage kitchen. The cottage includes a kitchen, bathroom, living room/bedroom, and separate outdoor space.
Both residences have their own gas and electric meters, while an on-site washer and dryer serve the property. Off-street parking is available. The property is zoned SF-TF-14 by the city and is located blocks from downtown, a few minutes from the beach, and within Palm Beach County.
Both residences have their own gas and electric meters, while an on-site washer and dryer serve the property. Off-street parking is available. The property is zoned SF-TF-14 by the city and is located blocks from downtown, a few minutes from the beach, and within Palm Beach County.
Key Highlights
- 1,329‑square‑foot duplex property built in 1925
- Main residence includes 2 bedrooms, 1 bathroom, dining area, living room, and kitchen
- Detached cottage has a kitchen, bathroom, living room/bedroom, and outdoor space
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
$22,154
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
5.55%
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%
$443,080
$443.1K
Cap Rate 7%
$316,486
$316.5K
Cap Rate 9%
$246,156
$246.2K
Market Conditions
NOI Build-Up for 1,329 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
$33.5K $25.20/SF
− Vacancy
−$1.8K −$1.39/SF
EGI
$31.6K $23.81/SF
− OpEx
−$9.5K −$7.14/SF
NOI
$22.2K $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%
$443,080
Cap Rate 7%
$316,486
Cap Rate 9%
$246,156
Alternative Uses
Best Use
Multifamily LT 5
$316.5K
$276.9K – $369.2K
NOI $22,154 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$292.0K
$255.5K – $340.7K
NOI $20,439 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$936.0K
$819.0K – $1.09M
NOI $65,517 @ 7.0% cap · market cap 16.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
894
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate living spaces offer flexible owner-occupant or rental use with individual utility metering and off-street parking.
Where is this duplex located?
The property is located at 713 10th Avenue N Lake Worth, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1,329‑square‑foot duplex property built in 1925; Main residence includes 2 bedrooms, 1 bathroom, dining area, living room, and kitchen; Detached cottage has a kitchen, bathroom, living room/bedroom, and outdoor space
