Three-Unit
New
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 Market1
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 4, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 5, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2
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
CBS (Concrete Block Structure), Block
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Odalys Martinez Mercado · License #3330424
(754) 777-3233
Added: Oct 22
Last Checked: Oct 22 at 7:06PM
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.
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Investment Insights
Based on property information with market context.
This 2,567-square-foot triplex contains three separate apartments: two with two bedrooms and one with one bedroom. The building dates to 1957 and has concrete-block construction, vinyl flooring, central heating, and central air conditioning.
The property is in Lake Worth, near major roadways, shopping, and local amenities. All three units are tenant-occupied.
The property is in Lake Worth, near major roadways, shopping, and local amenities. All three units are tenant-occupied.
Key Highlights
- Three apartments: two 2‑bedroom units and one 1‑bedroom unit
- 2,567 square feet of building area
- Built in 1957 with concrete‑block construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,791
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
3
Residential units
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
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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?
Triplex - All three units are occupied, with rental income in place.
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 apartments: two 2‑bedroom units and one 1‑bedroom unit; 2,567 square feet of building area; Built in 1957 with concrete‑block construction
