Single-Story
For Sale
$750,000
2405-2407 N East Coast Street, Lake Worth, FL 33460
Three-bedroom residence paired with two efficiency apartments in a detached structure supports a varied unit mix.
Property Size2,299 SF
Price / SF$384.02
Days on Market52
Property Features for 2405-2407 N East Coast Street
General Information
Standard status
Active
Size
2,299 SF
Total Parking Spaces
12
Property subtype
Residential Income
Zoning
SFR-MultiFamily
Net Operating Income
$48,000
Units
Unit Mix
1 x 3BR/2BA, 2 x efficiency
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$10,367
Building Details
Building Size
2,299 SF
Year Built
1945
Buildings
2
Stories
1
Listing Agency:
United Realty Group, Inc
Listed By:
August Gordon · License #3345246
(786) 859-6627
Source:
Laerrealty
Added: Sep 1
Changed: Oct 15
Last Checked: Oct 20 at 6:01PM
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 United Realty Group, Inc
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 single-story triplex combines a three-bedroom, two-bath home with two efficiency apartments housed in a separate building. The arrangement creates three distinct residential units on one property, with the primary residence and smaller units organized across separate structures. The property was built in 1945 and carries a multifamily property use code that may allow additional units to be developed, subject to applicable requirements.
Located at 2405-2407 N East Coast St in Lake Worth, the property is near Historic College Park and south of West Palm. The beach and Intracoastal are described as minutes away. Walk Score is 71, Bike Score is 62, and Transit Score is 34, providing measurable context for pedestrian, bicycle, and transit access.
Located at 2405-2407 N East Coast St in Lake Worth, the property is near Historic College Park and south of West Palm. The beach and Intracoastal are described as minutes away. Walk Score is 71, Bike Score is 62, and Transit Score is 34, providing measurable context for pedestrian, bicycle, and transit access.
Key Highlights
- Three‑unit configuration with a 3‑bedroom, 2‑bath house
- Two efficiency apartments in a separate building
- Single‑story layout across the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,556
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$651,120
$651.1K
Cap Rate 7%
$465,086
$465.1K
Cap Rate 9%
$361,733
$361.7K
Market Conditions
NOI Build-Up for 1,953 SF
Gross rent
$49.2K $25.20/SF
− Vacancy
−$2.7K −$1.39/SF
EGI
$46.5K $23.81/SF
− OpEx
−$14.0K −$7.14/SF
NOI
$32.6K $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%
$651,120
Cap Rate 7%
$465,086
Cap Rate 9%
$361,733
Alternative Uses
Best Use
Multifamily LT 5
$465.1K
$407.0K – $542.6K
NOI $32,556 @ 7.0% cap · market cap 4.34%
Second Best
Apartment 5plus
$429.1K
$375.5K – $500.6K
NOI $30,036 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$1.38M
$1.20M – $1.60M
NOI $96,279 @ 7.0% cap · market cap 12.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
604
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three-bedroom residence paired with two efficiency apartments in a detached structure supports a varied unit mix.
Where is this triplex located?
The property is located at 2405-2407 N East Coast Street Lake Worth, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three‑unit configuration with a 3‑bedroom, 2‑bath house; Two efficiency apartments in a separate building; Single‑story layout across the property
