Occupied
For Sale
$475,000
402 N A Street, Lake Worth, FL 33460
Two-unit residential property with both units currently occupied.
Property Size1,280 SF
Days on Market215
Property Features for 402 N A Street
General Information
Standard status
Active
Size
1,280 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$6,141
Building Details
Building Size
1,280 SF
Year Built
1925
Listing Agency:
Prestige Realty SFL LLC
Listed By:
Edgard Cadet · License #3394419
(561) 414-0213
Source:
Meyerlucas
Added: Mar 8
Changed: Oct 6
Last Checked: Oct 7 at 3:20PM
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 Prestige Realty SFL LLC
Investment Insights
Based on property information with market context.
This duplex contains two residential units, with occupancy in place for both. Constructed in 1925, the property is located at 402 N A Street in Lake Worth Beach, Florida.
Key Highlights
- Duplex with two residential units
- Both units are currently occupied
- Built in 1925
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,337
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,740
$426.7K
Cap Rate 7%
$304,814
$304.8K
Cap Rate 9%
$237,078
$237.1K
Market Conditions
NOI Build-Up for 1,280 SF
Gross rent
$32.3K $25.20/SF
− Vacancy
−$1.8K −$1.39/SF
EGI
$30.5K $23.81/SF
− OpEx
−$9.1K −$7.14/SF
NOI
$21.3K $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%
$426,740
Cap Rate 7%
$304,814
Cap Rate 9%
$237,078
Alternative Uses
Best Use
Multifamily LT 5
$304.8K
$266.7K – $355.6K
NOI $21,337 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$281.2K
$246.1K – $328.1K
NOI $19,686 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$901.4K
$788.8K – $1.05M
NOI $63,101 @ 7.0% cap · market cap 13.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,258
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with both units currently occupied.
Where is this duplex located?
The property is located at 402 N A Street Lake Worth, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Duplex with two residential units; Both units are currently occupied; Built in 1925
