Lake Worth Beach CBS
301 S L Street, Lake Worth, FL 33460
MULTI_FAMILY - Lake Worth Beach, FL
Property size:
2,146 SFLot size:
0.16 AcresPrice / SF:
$293/SF- Added:
- May 9, 2026
- Days on Market:
- 8
- Last Refresh:
- May 16 at 1:06 am
Property Features for 301 S L Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- SF-R (city)
- Bedrooms
- 4
- Rooms
- Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 1
- Window features
- Shutters
- Pets allowed
- Yes, No
- Exterior features
- Awning(s), Barbecue
- Standard status
- Active
- APN
- 38434421151130170
- Size
- 2,146 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- TOWN OF LAKE WORTH LTS 17 & 18 BLK 113
- Tax Annual Amount
- 9633
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Window Unit(s), Central Air, Wall/Window Unit(s), Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1956
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile, Tile - Ceramic, Terrazzo
- Building materials
- Block, CBS, Stucco
- Roof type
- Tile, Concrete, Flat
Listing agent Jesse J Bailey License #3227469 (561) 318-3337
Listing office 49 Units, LLC 821 Sunset Road, West Palm Beach, FL (561) 600-5350
Listing date May 9, 2026
MLS# B26026573
Listing URL
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.
HighLights
- Duplex in strong South Florida rental market, walkable to main street.
- Insurance‑favorable CBS construction with impact shutters and concrete tile roof.
- Two spacious ~1,100 sq ft 2BR/1BA units, each with laundry and terrazzo floors.
- One unit vacant for cosmetic updates and value‑add potential.
- Parking behind units accommodates at least 4 vehicles.
- Separately metered electric and water for low expenses.
Overview
This well-maintained CBS duplex is located in Lake Worth Beach on a quiet residential street within a strong South Florida rental market, and is walkable to Lake/Lucerne main street. The property features insurance-favorable construction, including CBS block construction, impact-rated shutters, and a concrete tile main roof. Parking behind the units accommodates at least 4 vehicles. Each unit is approximately 1,100 square feet and includes 2 bedrooms, 1 bathroom, a laundry room with a washer and dryer, and terrazzo floors. One unit is currently leased on a month-to-month basis, while the other unit is vacant and ready for light cosmetic updates, offering potential upside. Electric and water are separately metered. This property is suitable for investors or owner-occupants seeking flexibility, stability, and value-add potential. Inspection reports are available. The lot size is 0.16 acres, and the property size is 2,146 square feet. The zoning is SF-R (city).
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$397.5K
NOI $35,773 @ 9.00% cap · cautious / downside scenario
Moderate
$511.0K
NOI $35,773 @ 7.00% cap · market / base-case scenario
Aggressive
$715.5K
NOI $35,773 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.1k | $25.20 |
| − Vacancy | −$3.0k | −$1.39 |
| EGI | $51.1k | $23.81 |
| − OpEx | −$15.3k | −$7.14 |
| NOI | $35.8k | $16.67 |
2,146 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$511.0K
$447.2K – $596.2K
NOI $35,773 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$471.5K
$412.6K – $550.1K
NOI $33,004 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,793 @ 7.0% cap · market cap 16.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Lake Worth
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.054677
- Latitude
- 26.612072
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained duplex in a strong rental market with value-add potential.
Where is this duplex located?
The property is located at 301 S L Street Lake Worth, FL.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: Duplex in strong South Florida rental market, walkable to main street.; Insurance‑favorable CBS construction with impact shutters and concrete tile roof.; Two spacious ~1,100 sq ft 2BR/1BA units, each with laundry and terrazzo floors.
