4-Unit
506 18TH Avenue N, Lake Worth, FL 33460
For Sale
$650,000
Pending
Residential Income, Lake Worth Beach, FL
Property Size2,338 SF
Lot Size0.13 Acres
Days on Market68
Property Features for 506 18TH Avenue N
General Information
Property type
Property subtype
Zoning
Bedrooms
Full bathrooms
Rooms
Pets allowed
Subdivision
Elementary school
Middle school
High school
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Listing Agency:
Agent Plus Realty
(954) 605-2954
Listed By:
Silvia S Amorim · License FL #3021526
(954) 588-6135
Added: Sep 4
Changed: Nov 6
Last Checked: Nov 10 at 4:06AM
MLS# B26072432
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 2,338-square-foot building contains four one-bedroom, one-bathroom residences on a 0.13-acre parcel. Constructed in 1950, it has CBS construction, a shingle roof, and wall/window unit cooling.
The property is zoned MU-FH (city) and has public water and public sewer service. Cable is available.
The property is zoned MU-FH (city) and has public water and public sewer service. Cable is available.
Key Highlights
- Four 1‑bedroom, 1‑bathroom units
- 2,338‑square‑foot building on a 0.13‑acre lot
- MU‑FH (city) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,726
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$714,520
$714.5K
Cap Rate 7%
$510,371
$510.4K
Cap Rate 9%
$396,956
$397.0K
Market Conditions
NOI Build-Up for 2,338 SF
Gross rent
$68.7K $29.40/SF
− Vacancy
−$3.8K −$1.62/SF
EGI
$65.0K $27.78/SF
− OpEx
−$29.2K −$12.50/SF
NOI
$35.7K $15.28/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$714,520
Cap Rate 7%
$510,371
Cap Rate 9%
$396,956
Alternative Uses
Best Use
Apartment 5plus
$510.4K
$446.6K – $595.4K
NOI $35,726 @ 7.0% cap · market cap 5.50%
Second Best
Multifamily LT 5
$392.1K
$343.1K – $457.5K
NOI $27,449 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,259 @ 7.0% cap · market cap 17.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
601
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
$333,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Lake Worth, FL
Properties on Market for Quadplexes in Lake Worth
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four distinct residences create a straightforward multifamily configuration.
Where is this quadplex located?
The property is located at 506 18TH Avenue N Lake Worth, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Four 1‑bedroom, 1‑bathroom units; 2,338‑square‑foot building on a 0.13‑acre lot; MU‑FH (city) zoning
