Triplex with Two Studio
New
For Sale
$700,000
426 S M Street, Lake Worth, FL 33460
Residential Income, Lake Worth Beach, FL
Property Size1,324 SF
Lot Size0.25 Acres
Price / SF$528.70
Days on Market3
Property Features for 426 S M Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
SF-R (city)
Bedrooms
3
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 2
Pets allowed
No, Yes
Exterior features
Awning(s), Barbecue
Subdivision
LAKE WORTH TOWN OF
Elementary school
South Grade
Middle school
Lake Worth
High school
Lake Worth
Standard status
Active
APN
38434421151590010
Size
1,324 SF
Lot size
0.25 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
TOWN OF LAKE WORTH LT 1 BLK 159
Tax Annual Amount
9775
Legal Description
TOWN OF LAKE WORTH LT 1 BLK 159
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air, Window Unit(s), Wall/Window Unit(s), Electric
Water source
Public
Building Details
Year built
1941
Floors in Building
1
Number of units
4
Flooring type
Terrazzo, Wood
Building materials
Frame
Roof type
Composition, Shingle
Listing Agency:
Agent Plus Realty
(954) 605-2954
Listed By:
Silvia S Amorim · License #3021526
(954) 588-6135
Added: Nov 4
Changed: Nov 5
Last Checked: Nov 6 at 10:06AM
MLS# B26096896
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.
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Investment Insights
Based on property information with market context.
This 1941 frame triplex combines a 1,324-square-foot, three-bedroom, two-bath home with two studio units. The property occupies a 0.25-acre lot and has SF-R city zoning. Terrazzo and wood flooring are present, with central heating and a mix of central and window or wall/window cooling. Public water and sewer serve the property.
Located in Lake Worth Beach, the property includes awnings and a barbecue. All three units are occupied.
Located in Lake Worth Beach, the property includes awnings and a barbecue. All three units are occupied.
Key Highlights
- Three residences: a 3‑bedroom, 2‑bath home and two studio units
- All three units are occupied
- 1,324 square feet on a 0.25‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,071
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,420
$441.4K
Cap Rate 7%
$315,300
$315.3K
Cap Rate 9%
$245,233
$245.2K
Market Conditions
NOI Build-Up for 1,324 SF
Gross rent
$33.4K $25.20/SF
− Vacancy
−$1.8K −$1.39/SF
EGI
$31.5K $23.81/SF
− OpEx
−$9.5K −$7.14/SF
NOI
$22.1K $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%
$441,420
Cap Rate 7%
$315,300
Cap Rate 9%
$245,233
Alternative Uses
Best Use
Multifamily LT 5
$315.3K
$275.9K – $367.9K
NOI $22,071 @ 7.0% cap · market cap 3.15%
Second Best
Apartment 5plus
$290.9K
$254.5K – $339.4K
NOI $20,362 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$932.4K
$815.9K – $1.09M
NOI $65,270 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,704
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - A three-bedroom, two-bath home is paired with two studios, and all three residences are occupied.
Where is this triplex located?
The property is located at 426 S M Street Lake Worth, FL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Three residences: a 3‑bedroom, 2‑bath home and two studio units; All three units are occupied; 1,324 square feet on a 0.25‑acre lot
