4-Unit Quadplex with On-Site
17 S L Street, Lake Worth, FL 33460
For Sale
$900,000
Two buildings offer a studio-focused unit mix, mini-split air conditioning, and tenant laundry.
Property Size1,799 SF
Price / SF$500.28
Days on Market115
Property Features for 17 S L Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
mini-split A/C systems
on-site laundry
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Home Sold Realty LLC
Listed By:
Camilo De la Cruz Perez · License FL #3467504
(833) 700-2782
Source:
Palmbeachresidential
Added: Jul 18
Changed: Nov 8
Last Checked: Nov 9 at 2:36PM
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 Home Sold Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,799-square-foot multifamily property comprises four units in two buildings: three studios and one one-bedroom, one-bathroom apartment. The property dates to 1920 and has received flooring, exterior paint, and woodwork updates. Mini-split air-conditioning systems serve the units, and on-site laundry is available to tenants at no charge.
The property is in Lake Worth Beach, minutes from downtown, the Intracoastal Waterway, and the beach.
The property is in Lake Worth Beach, minutes from downtown, the Intracoastal Waterway, and the beach.
Key Highlights
- Four units: three studios and one 1‑bedroom/1‑bath apartment
- Two buildings totaling 1,799 square feet
- Year built: 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,490
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,800
$549.8K
Cap Rate 7%
$392,714
$392.7K
Cap Rate 9%
$305,444
$305.4K
Market Conditions
NOI Build-Up for 1,799 SF
Gross rent
$52.9K $29.40/SF
− Vacancy
−$2.9K −$1.62/SF
EGI
$50.0K $27.78/SF
− OpEx
−$22.5K −$12.50/SF
NOI
$27.5K $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%
$549,800
Cap Rate 7%
$392,714
Cap Rate 9%
$305,444
Alternative Uses
Best Use
Apartment 5plus
$392.7K
$343.6K – $458.2K
NOI $27,490 @ 7.0% cap · market cap 3.05%
Second Best
Multifamily LT 5
$301.7K
$264.0K – $352.0K
NOI $21,121 @ 7.0% cap · market cap 2.35%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,687 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,878
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
$333,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Quadplexes in Lake Worth, FL
Properties on Market for Quadplexes in Lake Worth
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Two buildings offer a studio-focused unit mix, mini-split air conditioning, and tenant laundry.
Where is this quadplex located?
The property is located at 17 S L Street 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 1‑bedroom/1‑bath apartment; Two buildings totaling 1,799 square feet; Year built: 1920
