Tenant-Occupied
For Sale
$690,000
706 S F St, Lake Worth, FL 33460
Residential Income, Lake Worth, FL
Property Size2,567 SF
Price / SF$268.80
Days on Market36
Property Features for 706 S F St
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
MF-30 (c
Bedrooms
5
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 5, Bathroom 3, Bedroom 2, Bathroom 4, Bedroom 1
Parking
3
Subdivision
LAKE WORTH TOWN OF
Lot features
< 1/4 Acre
Standard status
Active
APN
38434421152270070
Size
2,567 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
TOWN OF LAKE WORTH LT 7 BLK 227
Tax Annual Amount
14316
Legal Description
TOWN OF LAKE WORTH LT 7 BLK 227
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1957
Floors in Building
1
Flooring type
Vinyl
Building materials
Block
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Odalys Martinez Mercado · License #3330424
(754) 777-3233
Added: Jul 18
Changed: Aug 21
Last Checked: Aug 22 at 2:06AM
MLS# A12002361
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-unit residential income property contains 2,567 square feet and is currently occupied by tenants. The building was constructed in 1957 with block construction, vinyl flooring, central heating, and central air conditioning. Unit configurations include two 2-bedroom units and one 1-bedroom unit.
The property is located at 706 S F St in Lake Worth, Florida, near major roadways, shopping, and local amenities. Tenant access is managed through scheduled showings by appointment.
The property is located at 706 S F St in Lake Worth, Florida, near major roadways, shopping, and local amenities. Tenant access is managed through scheduled showings by appointment.
Key Highlights
- Three separate residential units with 2‑bedroom and 1‑bedroom configurations
- 2,567 square feet of building area
- Currently tenant‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,791
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$855,820
$855.8K
Cap Rate 7%
$611,300
$611.3K
Cap Rate 9%
$475,456
$475.5K
Market Conditions
NOI Build-Up for 2,567 SF
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.
Gross rent
$64.7K $25.20/SF
− Vacancy
−$3.6K −$1.39/SF
EGI
$61.1K $23.81/SF
− OpEx
−$18.3K −$7.14/SF
NOI
$42.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$855,820
Cap Rate 7%
$611,300
Cap Rate 9%
$475,456
Alternative Uses
Best Use
Multifamily LT 5
$611.3K
$534.9K – $713.2K
NOI $42,791 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$564.0K
$493.5K – $658.0K
NOI $39,479 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,548 @ 7.0% cap · market cap 18.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
872
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with central heating, central air, block construction, and vinyl flooring.
Where is this triplex located?
The property is located at 706 S F St Lake Worth, FL.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Three separate residential units with 2‑bedroom and 1‑bedroom configurations; 2,567 square feet of building area; Currently tenant‑occupied
