Duplex With Detached
For Sale
$399,000
713 10th Avenue N, Lake Worth, FL 33460
Two separate living spaces offer flexible owner-occupant or rental use with individual utility metering and off-street parking.
Property Size1,383 SF
Price / SF$300.23
Days on Market44
Property Features for 713 10th Avenue N
General Information
Standard status
Active
Size
1,383 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
SF-TF-14 (city)
Units
Unit Mix
1 x 2BR/1BA, 1 x studio
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$7,673
Amenities
on-site washer and dryer
Building Details
Building Size
1,383 SF
Year Built
1925
Buildings
2
Stories
1
Listing Agency:
LPT Realty, LLC
Listed By:
Michael Luciano · License #3371345
(561) 536-3725
Source:
Laerrealty
Added: Sep 19
Changed: Oct 25
Last Checked: Nov 1 at 2:47AM
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.
This duplex property includes a 1,329-square-foot main residence and a detached cottage on a fenced lot. The primary home, built in 1925, offers two bedrooms, one bathroom, a dining area, living room, and vintage kitchen. The cottage includes a kitchen, bathroom, living room/bedroom, and separate outdoor space.
Both residences have their own gas and electric meters, while an on-site washer and dryer serve the property. Off-street parking is available. The property is zoned SF-TF-14 by the city and is located blocks from downtown, a few minutes from the beach, and within Palm Beach County.
Both residences have their own gas and electric meters, while an on-site washer and dryer serve the property. Off-street parking is available. The property is zoned SF-TF-14 by the city and is located blocks from downtown, a few minutes from the beach, and within Palm Beach County.
Key Highlights
- 1,329‑square‑foot duplex property built in 1925
- Main residence includes 2 bedrooms, 1 bathroom, dining area, living room, and kitchen
- Detached cottage has a kitchen, bathroom, living room/bedroom, and outdoor space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,154
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$443,080
$443.1K
Cap Rate 7%
$316,486
$316.5K
Cap Rate 9%
$246,156
$246.2K
Market Conditions
NOI Build-Up for 1,329 SF
Gross rent
$33.5K $25.20/SF
− Vacancy
−$1.8K −$1.39/SF
EGI
$31.6K $23.81/SF
− OpEx
−$9.5K −$7.14/SF
NOI
$22.2K $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%
$443,080
Cap Rate 7%
$316,486
Cap Rate 9%
$246,156
Alternative Uses
Best Use
Multifamily LT 5
$316.5K
$276.9K – $369.2K
NOI $22,154 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$292.0K
$255.5K – $340.7K
NOI $20,439 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$936.0K
$819.0K – $1.09M
NOI $65,517 @ 7.0% cap · market cap 16.42%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
894
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate living spaces offer flexible owner-occupant or rental use with individual utility metering and off-street parking.
Where is this duplex located?
The property is located at 713 10th Avenue N Lake Worth, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1,329‑square‑foot duplex property built in 1925; Main residence includes 2 bedrooms, 1 bathroom, dining area, living room, and kitchen; Detached cottage has a kitchen, bathroom, living room/bedroom, and outdoor space
