Two-Unit
149 Broward Avenue, Lake Worth, FL 33463
For Sale
$550,000
Both residences have two bedrooms and one bathroom, with tenants currently in place.
Property Size1,925 SF
Lot Size0.30 Acres
Price / SF$285.71
Days on Market34
Property Features for 149 Broward Avenue
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Year Built
Construction
Listing Agency:
Luxe Key Realty Group, LLC
(877) 589-3539
Listed By:
Krystle Lynne Rea · License FL #3327058
(561) 707-8383
Source:
Okklarealty
Added: Oct 7
Changed: Nov 9
Last Checked: Nov 8 at 3:50PM
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 Luxe Key Realty Group, LLC
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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 Greenacres duplex contains two separate residences, each configured with two bedrooms and one bathroom. The property has approximately 1,925 total square feet on an approximately .30-acre lot, with concrete block construction and a 1977 build year. Tenants are currently in place.
Located in Greenacres, the property is near shopping, dining, schools, and major roadways, with access throughout Palm Beach County.
Located in Greenacres, the property is near shopping, dining, schools, and major roadways, with access throughout Palm Beach County.
Key Highlights
- Two separate 2‑bedroom, 1‑bath units
- Approximately 1,925 total square feet
- Approximately .30‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,415
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$588,300
$588.3K
Cap Rate 7%
$420,214
$420.2K
Cap Rate 9%
$326,833
$326.8K
Market Conditions
NOI Build-Up for 1,925 SF
Gross rent
$56.6K $29.40/SF
− Vacancy
−$3.1K −$1.62/SF
EGI
$53.5K $27.78/SF
− OpEx
−$24.1K −$12.50/SF
NOI
$29.4K $15.28/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$588,300
Cap Rate 7%
$420,214
Cap Rate 9%
$326,833
Alternative Uses
Best Use
Apartment 5plus
$420.2K
$367.7K – $490.3K
NOI $29,415 @ 7.0% cap · market cap 5.35%
Second Best
Multifamily LT 5
$322.9K
$282.5K – $376.7K
NOI $22,600 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $94,898 @ 7.0% cap · market cap 17.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
819
Businesses Nearby
Explore this area
Business Placement
Demographics for 33463, FL
64,608
Population
22,696
Households
2.8
Avg Household Size
37
Median Age
25%
College-Educated
82%
High-School Grad
10.8 sq mi
ZIP Area
5,982
Density / Sq Mi
$68,697
Median Household Income
$34,846
Median Earnings
$1,721
Median Rent
$326,600
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Lake Worth, FL
Properties on Market for Duplexes in Lake Worth
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have two bedrooms and one bathroom, with tenants currently in place.
Where is this duplex located?
The property is located at 149 Broward Avenue Lake Worth, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two separate 2‑bedroom, 1‑bath units; Approximately 1,925 total square feet; Approximately .30‑acre lot
