Two-Unit Duplex with Furnished Upper
For Sale
$525,000
225 N M Street 1, Lake Worth, FL 33460
The layout includes a one-bedroom lower residence and a two-bedroom upper residence.
Property Size1,696 SF
Days on Market26
Property Features for 225 N M Street 1
General Information
Standard status
Active
Size
1,696 SF
Property subtype
Duplex
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,470
Building Details
Building Size
1,696 SF
Year Built
1920
Listing Agency:
KW Reserve Palm Beach
Listed By:
Jeffrey L Tricoli PA · License #3082942
(561) 220-6006
Source:
Meyerlucas
Added: Sep 15
Changed: Oct 3
Last Checked: Oct 9 at 11:42PM
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 KW Reserve Palm Beach
Investment Insights
Based on property information with market context.
This 1920-built duplex contains two separate residences with distinct layouts. The first-floor unit provides 1 bedroom and 1 bathroom, while the second-floor unit offers 2 bedrooms and 1 bathroom. The upper residence may be sold fully furnished, providing flexibility for the transaction.
Located at 225 N M Street 1 in Lake Worth Beach, the property is near restaurants, shopping, entertainment, and the coastal amenities described for the area. The unit mix gives the property a clearly defined two-residence configuration within an established residential setting.
Located at 225 N M Street 1 in Lake Worth Beach, the property is near restaurants, shopping, entertainment, and the coastal amenities described for the area. The unit mix gives the property a clearly defined two-residence configuration within an established residential setting.
Key Highlights
- Two‑unit duplex with separate first‑floor and second‑floor residences
- First‑floor unit includes 1 bedroom and 1 bathroom
- Second‑floor unit includes 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,272
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,440
$565.4K
Cap Rate 7%
$403,886
$403.9K
Cap Rate 9%
$314,133
$314.1K
Market Conditions
NOI Build-Up for 1,696 SF
Gross rent
$42.7K $25.20/SF
− Vacancy
−$2.4K −$1.39/SF
EGI
$40.4K $23.81/SF
− OpEx
−$12.1K −$7.14/SF
NOI
$28.3K $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%
$565,440
Cap Rate 7%
$403,886
Cap Rate 9%
$314,133
Alternative Uses
Best Use
Multifamily LT 5
$403.9K
$353.4K – $471.2K
NOI $28,272 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$372.6K
$326.0K – $434.7K
NOI $26,083 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$1.19M
$1.05M – $1.39M
NOI $83,609 @ 7.0% cap · market cap 15.93%
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
1,875
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
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Frequently Asked Questions
What type of property is this?
Duplex - The layout includes a one-bedroom lower residence and a two-bedroom upper residence.
Where is this duplex located?
The property is located at 225 N M Street 1 Lake Worth, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑unit duplex with separate first‑floor and second‑floor residences; First‑floor unit includes 1 bedroom and 1 bathroom; Second‑floor unit includes 2 bedrooms and 1 bathroom
