Detached Duplex with Cottage
For Sale
$299,100
Pending
611 N Broadway, Lantana, FL 33462
Two separate residences include updated finishes, a loft-style flex area, shared laundry, and a fenced outdoor setting.
Property Size1,568 SF
Lot Size0.15 Acres
Days on Market53
Property Features for 611 N Broadway
General Information
Standard status
Pending
Size
1,568 SF
Total Parking Spaces
2
Lot size
0.15 Acres
Property subtype
Residential Income
Zoning
R15 (cit
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,227
Amenities
shared laundry room
private exterior bath
outdoor wooden deck
Building Details
Building Size
1,568 SF
Year Built
1950
Buildings
1
Stories
1
Listing Agency:
Virtualty Real Estate
Listed By:
Moses Nae · License #3254591
(407) 499-0240
Source:
Laerrealty
Added: Aug 24
Changed: Oct 7
Last Checked: Oct 14 at 8:13PM
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 Virtualty Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This detached duplex includes two distinct residences on a 0.15-acre parcel. Unit A received interior improvements in July 2026, including vinyl plank flooring and new paint, while Unit B offers a cottage-style interior with wood walls, wood flooring, a kitchen, and an upper-level loft that can function as flexible space or an office. A shared laundry room, exterior bath, wooden deck, and fenced backyard add practical amenities. The exterior was painted in July 2026, and the water heater was replaced in September 2024.
Located at 611 N Broadway in Lantana, the property is east of US-1 and minutes from Atlantic beaches, Intracoastal parks, dining, and downtown Lake Worth/Lantana. Off-street parking accommodates 2 vehicles, and the property has no HOA restrictions. Unit B is currently occupied. The property is offered AS-IS.
Located at 611 N Broadway in Lantana, the property is east of US-1 and minutes from Atlantic beaches, Intracoastal parks, dining, and downtown Lake Worth/Lantana. Off-street parking accommodates 2 vehicles, and the property has no HOA restrictions. Unit B is currently occupied. The property is offered AS-IS.
Key Highlights
- Detached duplex on a 0.15‑acre lot at 611 N Broadway, Lantana
- Unit A updated in July 2026 with vinyl plank flooring and fresh interior finishes
- Unit B features wood walls, wood floors, a kitchen, and an upper loft/flex area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,737
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,740
$394.7K
Cap Rate 7%
$281,957
$282.0K
Cap Rate 9%
$219,300
$219.3K
Market Conditions
NOI Build-Up for 1,184 SF
Gross rent
$29.8K $25.20/SF
− Vacancy
−$1.6K −$1.39/SF
EGI
$28.2K $23.81/SF
− OpEx
−$8.5K −$7.14/SF
NOI
$19.7K $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%
$394,740
Cap Rate 7%
$281,957
Cap Rate 9%
$219,300
Alternative Uses
Best Use
Multifamily LT 5
$282.0K
$246.7K – $329.0K
NOI $19,737 @ 7.0% cap · market cap 6.60%
Second Best
Apartment 5plus
$260.1K
$227.6K – $303.5K
NOI $18,209 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$833.8K
$729.6K – $972.8K
NOI $58,369 @ 7.0% cap · market cap 19.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,308
Businesses Nearby
Explore this area
Business Placement
Demographics for 33462, FL
33,982
Population
15,911
Households
2.1
Avg Household Size
43
Median Age
28%
College-Educated
84%
High-School Grad
8.6 sq mi
ZIP Area
3,951
Density / Sq Mi
$72,288
Median Household Income
$38,193
Median Earnings
$1,659
Median Rent
$323,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences include updated finishes, a loft-style flex area, shared laundry, and a fenced outdoor setting.
Where is this duplex located?
The property is located at 611 N Broadway Lantana, FL.
What is the asking price?
The asking price for this property is $299,100.
What are key features of this property?
This property features: Detached duplex on a 0.15‑acre lot at 611 N Broadway, Lantana; Unit A updated in July 2026 with vinyl plank flooring and fresh interior finishes; Unit B features wood walls, wood floors, a kitchen, and an upper loft/flex area
