Duplex with Mixed-Use
New
For Sale
$525,000
7 N C Street, Lake Worth, FL 33460
The parcel supports residential development or a combination of low-intensity commercial uses.
Property Size1,215 SF
Lot Size0.16 Acres
Price / SF$432.10
Days on Market7
Property Features for 7 N C Street
General Information
Standard status
Active
Size
1,215 SF
Lot size
0.16 Acres
Property subtype
Duplex
Zoning
MU-E
Land
Land Use
mixed-use
Buildable Units
4
Additional Details
Utilities to Site
Yes
Tenant in Place
Yes
Building Details
Year Built
1928
Listing Agency:
LPT Realty, LLC
(561) 540-8979
Listed By:
Michael William Luciano · License #3371345
(561) 536-3725
Source:
Lehmannflorida
Added: Oct 22
Changed: Oct 27
Last Checked: Oct 28 at 7:26AM
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 LPT Realty, LLC
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Investment Insights
Based on property information with market context.
A duplex built in 1928 occupies this 0.16-acre parcel. Month-to-month tenants currently reside in the two-unit property, which has separate electric meters and a single water meter.
MU-E zoning allows development of four residential units or a mix of low-intensity commercial uses. The lot measures 50.5 by 136 feet and is located in Lake Worth Beach, amid an area described as surrounded by new development.
MU-E zoning allows development of four residential units or a mix of low-intensity commercial uses. The lot measures 50.5 by 136 feet and is located in Lake Worth Beach, amid an area described as surrounded by new development.
Key Highlights
- MU‑E zoning allows up to 4 residential units or a mix of low‑intensity commercial uses
- Existing duplex with month‑to‑month tenants
- Two electric meters and one water meter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,254
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,080
$405.1K
Cap Rate 7%
$289,343
$289.3K
Cap Rate 9%
$225,044
$225.0K
Market Conditions
NOI Build-Up for 1,215 SF
Gross rent
$30.6K $25.20/SF
− Vacancy
−$1.7K −$1.39/SF
EGI
$28.9K $23.81/SF
− OpEx
−$8.7K −$7.14/SF
NOI
$20.3K $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%
$405,080
Cap Rate 7%
$289,343
Cap Rate 9%
$225,044
Alternative Uses
Best Use
Multifamily LT 5
$289.3K
$253.2K – $337.6K
NOI $20,254 @ 7.0% cap · market cap 3.86%
Second Best
Apartment 5plus
$266.9K
$233.6K – $311.4K
NOI $18,686 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$855.7K
$748.7K – $998.3K
NOI $59,897 @ 7.0% cap · market cap 11.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,008
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The parcel supports residential development or a combination of low-intensity commercial uses.
Where is this duplex located?
The property is located at 7 N C Street Lake Worth, 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: MU‑E zoning allows up to 4 residential units or a mix of low‑intensity commercial uses; Existing duplex with month‑to‑month tenants; Two electric meters and one water meter
