Duplex
New
For Sale
$367,900
708 N H Street, Lake Worth, FL 33460
Residential Income, Lake Worth Beach, FL
Property Size1,024 SF
Lot Size0.16 Acres
Price / SF$359.28
Days on Market2
Property Features for 708 N H Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
MU-DH (city)
Bedrooms
3
Full bathrooms
1
Rooms
Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 1
Pets allowed
No, Yes
Exterior features
Awning(s)
Fencing
Chain Link
Subdivision
LAKE WORTH TOWN OF
Directions
West side of Dixie at 7th ave N
Standard status
Active
APN
38434421152120020
Size
1,024 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TOWN OF LAKE WORTH LT 2 BLK 212
Tax Annual Amount
4438
Legal Description
TOWN OF LAKE WORTH LT 2 BLK 212
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1930
Floors in Building
1
Number of units
2
Flooring type
Wood, Tile
Building materials
Frame
Roof type
Shingle
Listing Agency:
Coastline Realty, Inc.
(561) 588-2900
Listed By:
Jon E Faust · License #590401
(561) 722-9643
Added: Oct 2
Last Checked: Oct 3 at 6:06PM
MLS# B26083673
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.
Investment Insights
Based on property information with market context.
The property includes a frame cottage with 1,024 square feet of living area on a 0.16-acre lot. Built in 1930, it has wood and tile flooring, a shingle roof, an awning, and chain-link fencing. Public water and sewer serve the property, and off-street parking is located at the rear.
The site is zoned MU-DH. The zoning may allow construction of a second building, subject to verification of permitted uses, setbacks, and development requirements with municipal authorities.
The site is zoned MU-DH. The zoning may allow construction of a second building, subject to verification of permitted uses, setbacks, and development requirements with municipal authorities.
Key Highlights
- 1,024‑square‑foot frame cottage built in 1930
- 0.16‑acre lot zoned MU‑DH (city)
- Rear off‑street parking
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
$17,070
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
4.64%
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%
$341,400
$341.4K
Cap Rate 7%
$243,857
$243.9K
Cap Rate 9%
$189,667
$189.7K
Market Conditions
NOI Build-Up for 1,024 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
$25.8K $25.20/SF
− Vacancy
−$1.4K −$1.39/SF
EGI
$24.4K $23.81/SF
− OpEx
−$7.3K −$7.14/SF
NOI
$17.1K $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%
$341,400
Cap Rate 7%
$243,857
Cap Rate 9%
$189,667
Alternative Uses
Best Use
Multifamily LT 5
$243.9K
$213.4K – $284.5K
NOI $17,070 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$225.0K
$196.9K – $262.5K
NOI $15,748 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$721.2K
$631.0K – $841.4K
NOI $50,481 @ 7.0% cap · market cap 13.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,854
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - MU-DH zoning and rear off-street parking are among the property’s practical features.
Where is this duplex located?
The property is located at 708 N H Street Lake Worth, FL.
What is the asking price?
The asking price for this property is $367,900.
What are key features of this property?
This property features: 1,024‑square‑foot frame cottage built in 1930; 0.16‑acre lot zoned MU‑DH (city); Rear off‑street parking
