Duplex with Two Move-In Ready
629 North F Street Lake Worth, FL 33460
For Sale
$489,000
Two renovated single-family homes sold together, with the rear home currently generating about $2,850/month in rent.
Property Size1,056 SF
Price / SF$463.07
Days on Market126
Property Features for 629 North F Street
General Information
- Standard status
- Active
- Size
- 1,056 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1954
Listing Agency:
For sale by owner, please contact
(561) 271-6847
Listed By:
Fizber · License #3378155
Source:
Compass
Added: Mar 20
Changed: Jul 22
Last Checked: Jul 23 at 10:54AM
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 For sale by owner, please contact
Investment Insights
Based on property information with market context.
This fully renovated coastal duplex consists of two separate single-family homes sold together. Both homes are offered fully furnished and move-in ready, featuring brand-new appliances and updated modern interiors.
The rear home is currently generating approximately $2,850 per month in rental income. Recent improvements include new roofs, siding, windows, HVAC systems, flooring, updated interiors, fresh landscaping, private fencing, pavers, and artificial turf for easier maintenance.
Positioned just minutes from the beach and within walking distance to local restaurants, shopping, nightlife, and entertainment, the property is set up for flexible use and straightforward occupancy based on the existing furnished condition.
The rear home is currently generating approximately $2,850 per month in rental income. Recent improvements include new roofs, siding, windows, HVAC systems, flooring, updated interiors, fresh landscaping, private fencing, pavers, and artificial turf for easier maintenance.
Positioned just minutes from the beach and within walking distance to local restaurants, shopping, nightlife, and entertainment, the property is set up for flexible use and straightforward occupancy based on the existing furnished condition.
Key Highlights
- Two fully renovated single‑family homes sold together, with modern finishes throughout
- Rear home currently generates approximately $2,850/month in rental income
- Both homes are offered fully furnished and move‑in ready with brand‑new appliances
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 | $26.6k | $25.20 |
| − Vacancy | −$1.5k | −$1.39 |
| EGI | $25.1k | $23.81 |
| − OpEx | −$7.5k | −$7.14 |
| NOI | $17.6k | $16.67 |
1,056 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$251.5K
$220.0K – $293.4K
NOI $17,603 @ 7.0% cap · market cap 3.60%
Second Best
Apartment 5plus
$232.0K
$203.0K – $270.7K
NOI $16,241 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$743.7K
$650.7K – $867.7K
NOI $52,059 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two renovated single-family homes sold together, with the rear home currently generating about $2,850/month in rent.
Where is this duplex located?
The property is located at 629 North F Street Lake Worth, FL.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Two fully renovated single‑family homes sold together, with modern finishes throughout; Rear home currently generates approximately $2,850/month in rental income; Both homes are offered fully furnished and move‑in ready with brand‑new appliances
