Updated Duplex with Impact
For Sale
$625,000
334 MOCKINGBIRD Lane, Lantana, FL 33462
Residential Income, Lantana, FL
Property Size1,712 SF
Lot Size0.14 Acres
Price / SF$365.07
Days on Market58
Property Features for 334 MOCKINGBIRD Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R15 (city)
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 4
Window features
Storm Window(s)
Pets allowed
No, Yes
Fencing
Fenced
Subdivision
LANTANA PLAZA
Elementary school
Barton
Middle school
Lantana Community
High school
Lake Worth
Standard status
Active
APN
40434434080020180
Size
1,712 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LANTANA PLAZA LOT 18 BLK B
Tax Annual Amount
8013
Legal Description
LANTANA PLAZA LOT 18 BLK B
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Amenities
in-unit washer and dryer
Building Details
Year built
1979
Floors in Building
1
Number of units
4
Flooring type
Laminate, Tile
Building materials
CBS
Roof type
Composition
Listing Agency:
Lokation
(954) 545-5583
Listed By:
Agathe Milhomme · License #3651408
(786) 356-9915
Added: Jul 17
Changed: Sep 11
Last Checked: Sep 12 at 3:06AM
MLS# B26053984
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.
Investment Insights
Based on property information with market context.
This tenant-occupied duplex contains two residences, each with 2 bedrooms and 1 bathroom, for a total of 1,712 square feet. Both units include in-unit washers and dryers, updated kitchens, laminate and tile flooring, central air, electric heating, and fenced areas. Construction is CBS, with a composition roof and public water and sewer service.
The property occupies 0.14 acres in Lantana and is zoned R15 (city). Major improvements include a 3-year-old roof, impact windows, and exterior paint completed approximately 3 years ago. Public remarks specify 24-hour notice for access.
The property occupies 0.14 acres in Lantana and is zoned R15 (city). Major improvements include a 3-year-old roof, impact windows, and exterior paint completed approximately 3 years ago. Public remarks specify 24-hour notice for access.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bathroom in each residence
- 1,712 square feet on a 0.14‑acre lot
- 3‑year‑old roof and impact windows
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
$28,539
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
4.57%
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%
$570,780
$570.8K
Cap Rate 7%
$407,700
$407.7K
Cap Rate 9%
$317,100
$317.1K
Market Conditions
NOI Build-Up for 1,712 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
$43.1K $25.20/SF
− Vacancy
−$2.4K −$1.39/SF
EGI
$40.8K $23.81/SF
− OpEx
−$12.2K −$7.14/SF
NOI
$28.5K $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%
$570,780
Cap Rate 7%
$407,700
Cap Rate 9%
$317,100
Alternative Uses
Best Use
Multifamily LT 5
$407.7K
$356.7K – $475.7K
NOI $28,539 @ 7.0% cap · market cap 4.57%
Second Best
Apartment 5plus
$376.1K
$329.1K – $438.8K
NOI $26,329 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$1.21M
$1.05M – $1.41M
NOI $84,398 @ 7.0% cap · market cap 13.50%
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
1,128
Businesses Nearby
Explore this area
Business Placement
Demographics for 33462, FL
33,982
Population
15,911
Households
2.1
Avg Household Size
43
Median Age
28%
College-Educated
84%
High-School Grad
8.6 sq mi
ZIP Area
3,951
Density / Sq Mi
$72,288
Median Household Income
$38,193
Median Earnings
$1,659
Median Rent
$323,600
Median Home Value
Check the figures for this property
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 - Tenant-occupied duplex with two-bedroom units, private laundry, updated kitchens, and recent exterior improvements.
Where is this duplex located?
The property is located at 334 MOCKINGBIRD Lane Lantana, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bathroom in each residence; 1,712 square feet on a 0.14‑acre lot; 3‑year‑old roof and impact windows
