Two-Story Quadplex with
520 N E Street Lake Worth, FL 33460
520 N E Street, Lake Worth, FL, 33460
$795,000
For Sale
$795,000
Two-story quadplex with separate rear house, off-street parking, and on-site laundry in a quiet residential setting.
Property Size3,416 SF
Price / SF$232.73
Days on Market31
Property Features for 520 N E Street
General Information
- Standard status
- Active
- Size
- 3,416 SF
- Property subtype
- Quadruplex
Building Details
- Year Built
- 1925
Listing agency
JD Bols & Associates
(619) 301-6383
Listed by
John Bols · License #R11165434
(619) 301-6383
Source
Lehmannflorida
Added: Jun 22 Updated: Jul 21 at 12:26PM Checked: Jul 21 at 12:26PM
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 JD Bols & Associates
Investment Insights
Based on property information with market context.
This two-story quadruplex offers finished living space across multiple units and includes a separate house in the back that could be owner occupied. The units are described as nicely maintained, with all units redone within the last two years. Laundry is available on-site, and each unit has its own water heater. The property provides seven off-street parking spaces, and most HVAC units are less than three years old. Unit 2 includes a private balcony, while Unit 3 is a one-bedroom, one-bath unit. Unit 4 is described as a two-bedroom, two-bath house.
The property is located in Lake Worth Beach in a quiet residential neighborhood. Unit-level configuration includes designated bedrooms and baths as described in the offering materials, with current rent figures stated for each unit.
The property is located in Lake Worth Beach in a quiet residential neighborhood. Unit-level configuration includes designated bedrooms and baths as described in the offering materials, with current rent figures stated for each unit.
Key Highlights
- Two‑story quadruplex built in 1925 with 3,500 SF of finished living space.
- All units were redone in the last two years.
- Current rents are $80,000/year.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.1k | $25.20 |
| − Vacancy | −$4.7k | −$1.39 |
| EGI | $81.3k | $23.81 |
| − OpEx | −$24.4k | −$7.14 |
| NOI | $56.9k | $16.67 |
3,416 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$813.5K
$711.8K – $949.1K
NOI $56,944 @ 7.0% cap · market cap 7.16%
Second Best
Apartment 5plus
$750.5K
$656.7K – $875.6K
NOI $52,536 @ 7.0% cap · market cap 6.61%
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,402 @ 7.0% cap · market cap 21.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Two-story quadplex with separate rear house, off-street parking, and on-site laundry in a quiet residential setting.
Where is this quadplex located?
The property is located at 520 N E Street Lake Worth, FL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Two‑story quadruplex built in 1925 with 3,500 SF of finished living space.; All units were redone in the last two years.; Current rents are $80,000/year.
