Duplex with New
For Sale
$450,000
17 S D Street, Lake Worth, FL 33460
Two separate residences, with one currently occupied by a tenant, offer flexible ownership and rental use near downtown.
Property Size1,236 SF
Price / SF$395.78
Days on Market54
Property Features for 17 S D Street
General Information
Standard status
Active
Size
1,236 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
SF-TF-14 (city)
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,166
Building Details
Building Size
1,236 SF
Year Built
1928
Stories
2
Listing Agency:
Keller Williams Realty Service
Listed By:
Stephan A Meyer · License #649191
(561) 245-4011
Source:
Laerrealty
Added: Sep 13
Changed: Oct 26
Last Checked: Nov 4 at 10:20AM
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 Keller Williams Realty Service
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Investment Insights
Based on property information with market context.
Built in 1928, this duplex contains two separate living units with approximately 1,137 square feet of combined living area. The property provides 3 bedrooms and 2 baths in total, with one residence currently tenant occupied. A new roof installed in 2026 adds a recent major improvement, while the absence of an HOA and parking for multiple vehicles in front support practical day-to-day use.
The property is near Downtown Lake Worth Beach, with access to restaurants, cafés, entertainment, shopping, galleries, nightlife, parks, golf, major roadways, the Intracoastal, and the Atlantic Ocean. Zoning is SF-TF-14 under city designation. Its two-unit configuration accommodates an owner-occupant arrangement, continued rental use, or other options supported by the existing layout.
The property is near Downtown Lake Worth Beach, with access to restaurants, cafés, entertainment, shopping, galleries, nightlife, parks, golf, major roadways, the Intracoastal, and the Atlantic Ocean. Zoning is SF-TF-14 under city designation. Its two-unit configuration accommodates an owner-occupant arrangement, continued rental use, or other options supported by the existing layout.
Key Highlights
- Duplex with 2 separate living units
- Approximately 1,137 square feet with 3 bedrooms and 2 baths total
- New roof installed in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,954
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,080
$379.1K
Cap Rate 7%
$270,771
$270.8K
Cap Rate 9%
$210,600
$210.6K
Market Conditions
NOI Build-Up for 1,137 SF
Gross rent
$28.7K $25.20/SF
− Vacancy
−$1.6K −$1.39/SF
EGI
$27.1K $23.81/SF
− OpEx
−$8.1K −$7.14/SF
NOI
$19.0K $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%
$379,080
Cap Rate 7%
$270,771
Cap Rate 9%
$210,600
Alternative Uses
Best Use
Multifamily LT 5
$270.8K
$236.9K – $315.9K
NOI $18,954 @ 7.0% cap · market cap 4.21%
Second Best
Apartment 5plus
$249.8K
$218.6K – $291.4K
NOI $17,486 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$800.7K
$700.7K – $934.2K
NOI $56,052 @ 7.0% cap · market cap 12.46%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,008
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences, with one currently occupied by a tenant, offer flexible ownership and rental use near downtown.
Where is this duplex located?
The property is located at 17 S D Street Lake Worth, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Duplex with 2 separate living units; Approximately 1,137 square feet with 3 bedrooms and 2 baths total; New roof installed in 2026
