Duplex Requiring
New
For Sale
$505,000
4301 Lakewood Road, Lake Worth, FL 33461
Tenant-occupied multifamily property with RM city zoning and convenient access to shopping, schools, dining, and major roads.
Property Size1,848 SF
Price / SF$286.28
Days on Market6
Property Features for 4301 Lakewood Road
General Information
Standard status
Active
Size
1,848 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
RM (city)
Property Condition
Severity
Repairs Needed
Evidence
requires updating
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,181
Building Details
Building Size
1,848 SF
Year Built
1973
Stories
1
Listing Agency:
Nest Seekers Florida, LLC
(561) 324-1161
Listed By:
Bruno Rodriguez · License #3326104
(561) 324-1161
Source:
Laerrealty
Added: Aug 17
Changed: Aug 18
Last Checked: Aug 22 at 3:53AM
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 Nest Seekers Florida, LLC
Investment Insights
Based on property information with market context.
Built in 1973, this 1,764-square-foot duplex is configured as a multifamily property with tenants currently in place. The building requires updating, providing a clear renovation component for a buyer evaluating the existing improvements and operations.
The property is located at 4301 Lakewood Road in Lake Worth, Florida. Its RM city zoning supports the existing multifamily classification, while the surrounding area provides access to major roads, shopping, schools, and dining.
The property is located at 4301 Lakewood Road in Lake Worth, Florida. Its RM city zoning supports the existing multifamily classification, while the surrounding area provides access to major roads, shopping, schools, and dining.
Key Highlights
- Duplex with 1,764 square feet of building area
- Tenants currently occupy the property
- RM (city) zoning
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
$29,406
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
5.82%
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%
$588,120
$588.1K
Cap Rate 7%
$420,086
$420.1K
Cap Rate 9%
$326,733
$326.7K
Market Conditions
NOI Build-Up for 1,764 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
$44.5K $25.20/SF
− Vacancy
−$2.4K −$1.39/SF
EGI
$42.0K $23.81/SF
− OpEx
−$12.6K −$7.14/SF
NOI
$29.4K $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%
$588,120
Cap Rate 7%
$420,086
Cap Rate 9%
$326,733
Alternative Uses
Best Use
Multifamily LT 5
$420.1K
$367.6K – $490.1K
NOI $29,406 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$387.6K
$339.1K – $452.2K
NOI $27,129 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,962 @ 7.0% cap · market cap 17.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,179
Businesses Nearby
Explore this area
Business Placement
Demographics for 33461, FL
47,161
Population
18,095
Households
2.6
Avg Household Size
36
Median Age
17%
College-Educated
75%
High-School Grad
7.1 sq mi
ZIP Area
6,642
Density / Sq Mi
$61,218
Median Household Income
$31,503
Median Earnings
$1,615
Median Rent
$263,400
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?
Duplex - Tenant-occupied multifamily property with RM city zoning and convenient access to shopping, schools, dining, and major roads.
Where is this duplex located?
The property is located at 4301 Lakewood Road Lake Worth, FL.
What is the asking price?
The asking price for this property is $505,000.
What are key features of this property?
This property features: Duplex with 1,764 square feet of building area; Tenants currently occupy the property; RM (city) zoning
