Two-House
New
For Sale
$499,900
1402 S J Street #1, Lake Worth, FL 33460
A three-bedroom, two-bath primary residence is accompanied by a second house that can continue generating rental income.
Property Size1,680 SF
Price / SF$297.56
Days on Market5
Property Features for 1402 S J Street #1
General Information
Standard status
Active
Size
1,680 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
1980
Buildings
2
Listing Agency:
Atlantic Florida Properties In
(561) 713-1141
Listed By:
Joseph A DeFalco · License #3205517
(561) 352-6759
Source:
Lehmannflorida
Added: Oct 26
Changed: Oct 29
Last Checked: Oct 28 at 6:07AM
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 Atlantic Florida Properties In
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex property includes two houses. The main residence has three bedrooms and two bathrooms, with ceramic tile, wood, and vinyl flooring. Built in 1980, the property also includes a second house that may be rented while the primary residence is occupied.
Lake Worth Beach, shopping, and dining are nearby.
Lake Worth Beach, shopping, and dining are nearby.
Key Highlights
- Two houses on one property
- Main house has 3 bedrooms and 2 bathrooms
- Flooring includes ceramic tile, wood, and vinyl
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,005
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$560,100
$560.1K
Cap Rate 7%
$400,071
$400.1K
Cap Rate 9%
$311,167
$311.2K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$42.3K $25.20/SF
− Vacancy
−$2.3K −$1.39/SF
EGI
$40.0K $23.81/SF
− OpEx
−$12.0K −$7.14/SF
NOI
$28.0K $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 Rate 5%
$560,100
Cap Rate 7%
$400,071
Cap Rate 9%
$311,167
Alternative Uses
Best Use
Multifamily LT 5
$400.1K
$350.1K – $466.8K
NOI $28,005 @ 7.0% cap · market cap 5.60%
Second Best
Apartment 5plus
$369.1K
$323.0K – $430.6K
NOI $25,837 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,821 @ 7.0% cap · market cap 16.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
681
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
Frequently Asked Questions
What type of property is this?
Duplex - A three-bedroom, two-bath primary residence is accompanied by a second house that can continue generating rental income.
Where is this duplex located?
The property is located at 1402 S J Street #1 Lake Worth, FL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two houses on one property; Main house has 3 bedrooms and 2 bathrooms; Flooring includes ceramic tile, wood, and vinyl
