Four-Unit Concrete Block
For Sale
$900,000
1625 S Federal Hwy, Lake Worth, FL 33460
Residential Income, Lake Worth, FL
Property Size1,806 SF
Lot Size0.23 Acres
Price / SF$498.34
Days on Market82
Property Features for 1625 S Federal Hwy
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
MU-FH (c
Bedrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 3, Bathroom 2, Bathroom 4, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 4
Parking
6
Security features
Security
Exterior features
Security/High Impact Doors
Subdivision
BLACKWELL PARK REV PL
Lot features
Flood Zone, < 1/4 Acre
Standard status
Active
APN
38434434040000140
Size
1,806 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
REVISED PL OF BLACKWELL PARK LTS 14 & 16
Tax Annual Amount
13486
Legal Description
REVISED PL OF BLACKWELL PARK LTS 14 & 16
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1950
Floors in Building
1
Flooring type
Tile, Vinyl
Building materials
CBSConcreteBlockStructure, Block
Roof type
Composition
Architectural style
Other
Listing Agency:
Elite Sales Group
(305) 554-1544
Listed By:
Daniel Echague · License #3280149
(305) 283-9594
Added: Jul 18
Changed: Oct 4
Last Checked: Oct 7 at 11:06PM
MLS# A11975247
Copyright © 2026 Miami REALTORS®. 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.
Built in 1950, this four-unit property comprises two one-story concrete block buildings totaling 1,806 square feet. The unit mix includes three studios and one one-bedroom apartment. All four units are rented, and electric service is separately metered; the owner pays for water. One apartment is furnished. Features include impact doors and tile and vinyl flooring.
The property occupies a 9,936-square-foot lot and carries a Mixed Use East (MU-E) designation on the City’s Future Land Use Map. The designation allows for a maximum height of 45 feet and density of up to 30 units per acre, subject to zoning requirements and City approval.
The property occupies a 9,936-square-foot lot and carries a Mixed Use East (MU-E) designation on the City’s Future Land Use Map. The designation allows for a maximum height of 45 feet and density of up to 30 units per acre, subject to zoning requirements and City approval.
Key Highlights
- Four units: three studios and one one‑bedroom apartment
- Two one‑story concrete block buildings with 1,806 square feet combined
- 9,936‑square‑foot lot with Mixed Use East (MU‑E) designation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,106
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,120
$602.1K
Cap Rate 7%
$430,086
$430.1K
Cap Rate 9%
$334,511
$334.5K
Market Conditions
NOI Build-Up for 1,806 SF
Gross rent
$45.5K $25.20/SF
− Vacancy
−$2.5K −$1.39/SF
EGI
$43.0K $23.81/SF
− OpEx
−$12.9K −$7.14/SF
NOI
$30.1K $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%
$602,120
Cap Rate 7%
$430,086
Cap Rate 9%
$334,511
Alternative Uses
Best Use
Multifamily LT 5
$430.1K
$376.3K – $501.8K
NOI $30,106 @ 7.0% cap · market cap 3.35%
Second Best
Apartment 5plus
$396.8K
$347.2K – $462.9K
NOI $27,775 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $89,032 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
933
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Quadplex - Four rental units occupy two single-story buildings, with electric service metered separately for each unit.
Where is this quadplex located?
The property is located at 1625 S Federal Hwy Lake Worth, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Four units: three studios and one one‑bedroom apartment; Two one‑story concrete block buildings with 1,806 square feet combined; 9,936‑square‑foot lot with Mixed Use East (MU‑E) designation
