New
For Sale
$439,900
202 S A Street A, Lake Worth, FL 33460
No HOA applies, and I-95 is approximately two minutes away.
Property Size1,923 SF
Days on Market3
Property Features for 202 S A Street A
General Information
Standard status
Active
Size
1,923 SF
Property subtype
Duplex
Financials
Asking Price
$430,000
Gross Income
$52,800
Average Monthly Rent
$2,200
Additional Details
Highway Access
Yes
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$7,213
Building Details
Building Size
1,923 SF
Year Built
1955
Listing Agency:
Leader Realty
Listed By:
Dror Gerges · License #3433619
(561) 703-9428
Source:
Meyerlucas
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 24 at 2:39PM
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 Leader Realty
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Investment Insights
Based on property information with market context.
This duplex in Lake Worth Beach dates to 1955 and has two tenant-occupied units. The property has no HOA, and the listing notes no restrictions.
I-95 is approximately two minutes away. Downtown Lake Worth and the beach are each described as about three minutes from the property, with a high school nearby.
I-95 is approximately two minutes away. Downtown Lake Worth and the beach are each described as about three minutes from the property, with a high school nearby.
Key Highlights
- Duplex with two tenant‑occupied units
- Built in 1955
- No HOA; no restrictions stated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,056
Cap Rate
7.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,120
$641.1K
Cap Rate 7%
$457,943
$457.9K
Cap Rate 9%
$356,178
$356.2K
Market Conditions
NOI Build-Up for 1,923 SF
Gross rent
$48.5K $25.20/SF
− Vacancy
−$2.7K −$1.39/SF
EGI
$45.8K $23.81/SF
− OpEx
−$13.7K −$7.14/SF
NOI
$32.1K $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%
$641,120
Cap Rate 7%
$457,943
Cap Rate 9%
$356,178
Alternative Uses
Best Use
Multifamily LT 5
$457.9K
$400.7K – $534.3K
NOI $32,056 @ 7.0% cap · market cap 7.29%
Second Best
Apartment 5plus
$422.5K
$369.7K – $492.9K
NOI $29,574 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$1.35M
$1.19M – $1.58M
NOI $94,800 @ 7.0% cap · market cap 21.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,862
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - No HOA applies, and I-95 is approximately two minutes away.
Where is this duplex located?
The property is located at 202 S A Street A Lake Worth, FL.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: Duplex with two tenant‑occupied units; Built in 1955; No HOA; no restrictions stated
