Two-Unit Duplex with Separate
For Sale
$595,000
4737 BOATMAN Street, Lake Worth, FL 33463
Residential Income, Lake Worth, FL
Property Size1,570 SF
Lot Size0.21 Acres
Price / SF$378.98
Days on Market61
Property Features for 4737 BOATMAN Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2
Window features
Blinds
Pets allowed
No, Yes
Fencing
Fenced
Subdivision
GREENLAND 5
Lot features
Corner Lot
Elementary school
Greenacres
Middle school
L. C. Swain
High school
John I. Leonard
Directions
Military Trail to Boatman
Standard status
Active
APN
00424424080150250
Size
1,570 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
GREENLAND PL 5 LTS 25 TO 27 INC & WLY 10 FT OF LOT 28 BLK 15
Tax Annual Amount
6664
Legal Description
GREENLAND PL 5 LTS 25 TO 27 INC & WLY 10 FT OF LOT 28 BLK 15
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
indoor laundry room
Building Details
Year built
1974
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic
Building materials
Wood Siding
Roof type
Composition
Listing Agency:
Keller Williams Realty Service
(561) 245-4000
Listed By:
Marilene Cacapava · License #3525619
(561) 860-6211
Added: Aug 27
Changed: Oct 22
Last Checked: Oct 26 at 1:06AM
MLS# B26069681
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 1,570-square-foot duplex contains two residences, each configured with two bedrooms and one bathroom. The kitchens have granite countertops and stainless steel appliances, and both bathrooms have been remodeled. A separate indoor laundry room serves the property, while individual electric and water meters provide separate utility metering for each unit.
The 0.21-acre property is zoned RM and was built in 1974. Both units are occupied under annual leases. Additional features include central heating and air conditioning, ceramic tile flooring, public water, and a septic system.
The 0.21-acre property is zoned RM and was built in 1974. Both units are occupied under annual leases. Additional features include central heating and air conditioning, ceramic tile flooring, public water, and a septic system.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,570‑square‑foot building on a 0.21‑acre lot
- Separate electric and water meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,172
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,440
$523.4K
Cap Rate 7%
$373,886
$373.9K
Cap Rate 9%
$290,800
$290.8K
Market Conditions
NOI Build-Up for 1,570 SF
Gross rent
$39.6K $25.20/SF
− Vacancy
−$2.2K −$1.39/SF
EGI
$37.4K $23.81/SF
− OpEx
−$11.2K −$7.14/SF
NOI
$26.2K $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 Rate 5%
$523,440
Cap Rate 7%
$373,886
Cap Rate 9%
$290,800
Alternative Uses
Best Use
Multifamily LT 5
$373.9K
$327.2K – $436.2K
NOI $26,172 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$344.9K
$301.8K – $402.4K
NOI $24,146 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$1.11M
$967.5K – $1.29M
NOI $77,398 @ 7.0% cap · market cap 13.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,251
Businesses Nearby
Explore this area
Business Placement
Demographics for 33463, FL
64,608
Population
22,696
Households
2.8
Avg Household Size
37
Median Age
25%
College-Educated
82%
High-School Grad
10.8 sq mi
ZIP Area
5,982
Density / Sq Mi
$68,697
Median Household Income
$34,846
Median Earnings
$1,721
Median Rent
$326,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms, one bathroom, and a dedicated indoor laundry room.
Where is this duplex located?
The property is located at 4737 BOATMAN Street Lake Worth, FL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,570‑square‑foot building on a 0.21‑acre lot; Separate electric and water meters for each unit
