Three-Unit
New
For Sale
Contact for pricing
326 S FEDERAL HWY, Lake Worth, FL 33460
Three apartments include one two-bedroom layout and two one-bedroom layouts.
Property Size1,689 SF
Price / SF$425.70
Days on Market6
Property Features for 326 S FEDERAL HWY
General Information
Standard status
Active
Size
1,689 SF
Total Parking Spaces
4
Property subtype
Multifamily
Occupancy
100%
Investment Type
Value Add
Units
Unit Mix
1 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
3
Building Details
Year Built
1928
Buildings
1
Stories
2
Units
3
Tenancy
Multi
Listing Agency:
Capri Jet Realty Corp
(718) 388-2188
Listed By:
Robert Napolitano · License #NY 31NA0992911
Source:
Crexi
Added: Aug 12
Changed: Aug 15
Last Checked: Aug 17 at 10:39AM
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 Capri Jet Realty Corp
Investment Insights
Based on property information with market context.
Built in 1928, this 1,689-square-foot triplex contains three separate apartments. The first unit has two bedrooms, a living room, an eat-in kitchen, and one full bathroom, with room for a possible third bedroom. It has also been renovated. The other two apartments each provide one bedroom, a living room, an eat-in kitchen, and one full bathroom; both have new split-system A/C units.
The property is located at 326 S Federal Hwy in Lake Worth, near Lake Avenue and Lucerne Avenue. Those nearby corridors provide access to shopping, restaurants, bars, nightlife, and entertainment. Lake Worth Beach is approximately half a mile away. The site also includes an extra-large lot with a landscaped front yard.
The property is located at 326 S Federal Hwy in Lake Worth, near Lake Avenue and Lucerne Avenue. Those nearby corridors provide access to shopping, restaurants, bars, nightlife, and entertainment. Lake Worth Beach is approximately half a mile away. The site also includes an extra-large lot with a landscaped front yard.
Key Highlights
- Three‑unit triplex at 326 S FEDERAL HWY, LAKE WORTH, FL 33460
- 1,689‑square‑foot property built in 1928
- Unit 1 offers 2 bedrooms with the possibility of a 3rd bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,155
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$563,100
$563.1K
Cap Rate 7%
$402,214
$402.2K
Cap Rate 9%
$312,833
$312.8K
Market Conditions
NOI Build-Up for 1,689 SF
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.
Gross rent
$42.6K $25.20/SF
− Vacancy
−$2.3K −$1.39/SF
EGI
$40.2K $23.81/SF
− OpEx
−$12.1K −$7.14/SF
NOI
$28.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$563,100
Cap Rate 7%
$402,214
Cap Rate 9%
$312,833
Alternative Uses
Best Use
Multifamily LT 5
$402.2K
$351.9K – $469.3K
NOI $28,155 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$371.1K
$324.7K – $432.9K
NOI $25,976 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,264 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
724
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three apartments include one two-bedroom layout and two one-bedroom layouts.
Where is this triplex located?
The property is located at 326 S FEDERAL HWY Lake Worth, FL.
What is the asking price?
The asking price for this property is $719,000.
What are key features of this property?
This property features: Three‑unit triplex at 326 S FEDERAL HWY, LAKE WORTH, FL 33460; 1,689‑square‑foot property built in 1928; Unit 1 offers 2 bedrooms with the possibility of a 3rd bedroom
