Duplex with New
For Sale
$450,000
17 S D Street, Lake Worth, FL 33460
Residential Income, Lake Worth Beach, FL
Property Size1,137 SF
Lot Size0.08 Acres
Price / SF$395.78
Days on Market15
Property Features for 17 S D Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
SF-TF-14 (city)
Bedrooms
3
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 3
Patio and Porch features
Patio
Pets allowed
Yes, No
Exterior features
Garden, Storage
Fencing
Fenced
Subdivision
LAKE WORTH TOWN OF
Elementary school
South Grade
Middle school
Lake Worth
High school
Lake Worth
Directions
From I-95 exit at 6th Ave S, go East to S D Street. Go North to Property at 17 S D Street. Property is a few houses to booming Lake & Lucerne Ave...
Standard status
Active
APN
38434421150050250
Size
1,137 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TOWN OF LAKE WORTH LT 25 BLK 5
Tax Annual Amount
8166
Legal Description
TOWN OF LAKE WORTH LT 25 BLK 5
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Wall/Window Unit(s), Window Unit(s), Ceiling Fan(s)
Water source
Public
Building Details
Year built
1928
Floors in Building
2
Number of units
2
Flooring type
Tile, Wood
Building materials
Wood Siding
Additional Structures
Storage
Listing Agency:
Keller Williams Realty Service
(561) 245-4000
Listed By:
Stephan A Meyer · License #649191
(561) 245-4011
Added: Sep 7
Changed: Sep 21
Last Checked: Sep 21 at 9:06PM
MLS# B26075263
Copyright © 2026 BeachesMLS. 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.
This duplex contains two separate living units within approximately 1,137 square feet, with three bedrooms and two bathrooms overall. One residence is currently tenant occupied, while the other provides flexibility for additional rental use or owner occupancy. The property includes a new roof installed in 2026, a fenced site, patio, storage area, tile and wood flooring, and window, wall, and ceiling-fan cooling. Public water and sewer serve the property, and the zoning is SF-TF-14 (city).
Located at 17 S D Street in Lake Worth Beach, the property is positioned near the restaurants, cafés, entertainment, shopping, galleries, and nightlife of downtown. The address also offers access to parking for multiple vehicles directly in front of the residences. Nearby context identified in the property information includes the Intracoastal, parks, golf, major roadways, and the Atlantic Ocean.
Located at 17 S D Street in Lake Worth Beach, the property is positioned near the restaurants, cafés, entertainment, shopping, galleries, and nightlife of downtown. The address also offers access to parking for multiple vehicles directly in front of the residences. Nearby context identified in the property information includes the Intracoastal, parks, golf, major roadways, and the Atlantic Ocean.
Key Highlights
- Two separate living units totaling approximately 1,137 square feet
- Three bedrooms and two bathrooms overall
- One unit is currently tenant occupied
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
$18,954
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
4.21%
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%
$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
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
$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 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%
$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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,008
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with one occupied residence, no HOA, and parking for multiple vehicles near downtown Lake Worth Beach.
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: Two separate living units totaling approximately 1,137 square feet; Three bedrooms and two bathrooms overall; One unit is currently tenant occupied
