Fourplex with High-Impact
For Sale
$925,000
1625 S Federal Hwy, Lake Worth, FL 33460
MULTI_FAMILY - Other - Lake Worth, FL
Property Size1,806 SF
Lot Size0.23 Acres
Price / SF$512.18
Days on Market61
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 4, Bedroom 3, Bathroom 3, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 2, Bathroom 1
Parking
6
Security features
Security
Exterior features
Security/High Impact Doors
Subdivision
BLACKWELL PARK REV PL
Lot features
< 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
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: Jun 22
Changed: Aug 1
Last Checked: Aug 21 at 8:06PM
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.
Corner-lot fourplex in Lake Worth Beach featuring two one-story buildings with solid concrete block construction, high-impact doors, and a composition roof (replaced in 2006). The property is arranged as 3 studio units and a 1-bedroom apartment, with all units rented. Electric is separately metered, and the owner pays water. Flooring includes tile and vinyl, and cooling is provided via window and wall/window unit systems.
The site is a 9,936 SF lot with a Mixed Use East (MU-E) designation under the City’s Future Land Use Map. The MU-E designation supports up to a 45' maximum height and up to 30 units per acre, subject to zoning and City approval. The property is addressed at 1625 S Federal Hwy in Lake Worth, Florida.
Additional utilities and services include public water and public sewer. The buildings include impact doors and rolled roof construction elements, and the property is offered with a note that buyers should verify all details with the City of Lake Worth Beach.
The site is a 9,936 SF lot with a Mixed Use East (MU-E) designation under the City’s Future Land Use Map. The MU-E designation supports up to a 45' maximum height and up to 30 units per acre, subject to zoning and City approval. The property is addressed at 1625 S Federal Hwy in Lake Worth, Florida.
Additional utilities and services include public water and public sewer. The buildings include impact doors and rolled roof construction elements, and the property is offered with a note that buyers should verify all details with the City of Lake Worth Beach.
Key Highlights
- Corner‑lot fourplex with two one‑story concrete block buildings
- 3 studio units and a 1‑bedroom apartment; all units currently rented
- High‑impact doors; composition roof replaced in 2006
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
$30,106
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
3.25%
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%
$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
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
$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 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%
$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 3.25%
Second Best
Apartment 5plus
$396.8K
$347.2K – $462.9K
NOI $27,775 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $89,032 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
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
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 - Corner-lot fourplex with mixed-use future land use designation and high-impact doors, with all units currently rented.
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 $925,000.
What are key features of this property?
This property features: Corner‑lot fourplex with two one‑story concrete block buildings; 3 studio units and a 1‑bedroom apartment; all units currently rented; High‑impact doors; composition roof replaced in 2006
