2-Unit Duplex with Separate
626 Minnesota Street, Lantana, FL 33462
For Sale
New
$525,000
Residential Income, Lantana, FL
Property Size1,294 SF
Price / SF$405.72
Days on Market3
Property Features for 626 Minnesota Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Full bathrooms
Rooms
Window features
Patio and Porch features
Pets allowed
Exterior features
Fencing
Subdivision
Lot features
Elementary school
Middle school
High school
Standard status
APN
Size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Additional Structures
Buildings
Listing Agency:
Nautica Realty
(561) 734-6397
Listed By:
Diane M Balsara · License FL #302090
(561) 707-7927
Added: Nov 10
Last Checked: Nov 12 at 8:06AM
MLS# B26098397
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 1,294-square-foot duplex contains two units, each with separate water and electric meters. The building dates to 1953 and has CBS construction, ceramic tile and laminate flooring, and a tar-and-gravel roof. Recent work includes mini-split installation, electrical updates, new appliances, fresh paint and landscaping. The rear unit’s patio is enclosed as an additional room, while the front unit has a patio. Off-street parking and storage are also included.
Set in Lantana, the property is within walking distance of Intracoastal parks, restaurants, shops and waterfront dining. The beach is accessible by bicycle. RM15 zoning and public water and sewer service are additional property details.
Set in Lantana, the property is within walking distance of Intracoastal parks, restaurants, shops and waterfront dining. The beach is accessible by bicycle. RM15 zoning and public water and sewer service are additional property details.
Key Highlights
- Two‑unit property totaling 1,294 square feet
- Each unit has separate water and electric meters
- RM15 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,773
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,460
$395.5K
Cap Rate 7%
$282,471
$282.5K
Cap Rate 9%
$219,700
$219.7K
Market Conditions
NOI Build-Up for 1,294 SF
Gross rent
$38.0K $29.40/SF
− Vacancy
−$2.1K −$1.62/SF
EGI
$36.0K $27.78/SF
− OpEx
−$16.2K −$12.50/SF
NOI
$19.8K $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%
$395,460
Cap Rate 7%
$282,471
Cap Rate 9%
$219,700
Alternative Uses
Best Use
Apartment 5plus
$282.5K
$247.2K – $329.6K
NOI $19,773 @ 7.0% cap · market cap 3.77%
Second Best
Multifamily LT 5
$217.0K
$189.9K – $253.2K
NOI $15,192 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$911.3K
$797.4K – $1.06M
NOI $63,792 @ 7.0% cap · market cap 12.15%
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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Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,266
Businesses Nearby
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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
$323,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Palm Beach County, FL
Properties on Market for Duplexes in Palm Beach County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - RM15-zoned property offers updated interiors, dedicated patios and off-street parking near waterfront dining and parks.
Where is this duplex located?
The property is located at 626 Minnesota Street Lantana, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑unit property totaling 1,294 square feet; Each unit has separate water and electric meters; RM15 zoning
