Lake Worth Beach
714 N 4th Ave Ave N, Lake Worth, FL 33460
Triplex near Downtown Lake Worth Beach with flexible unit mix.
Type:Investment
Property size:
2,354 SFLot size:
0.08 AcresPrice / SF:
$290/SF- Added:
- Apr 15, 2026
- Days on Market:
- 47
- Last Refresh:
- Apr 4 at 6:51 am
Property Features for 714 N 4th Ave Ave N
General Information
- Standard status
- Active
- Size
- 2,354 SF
- Lot size
- 0.08 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1952
Listing agent Camilo Perez License #276535504 (833) 700-2782
Listing office Home Sold Realty LLC (833) 700-2782
Listing date Apr 15, 2026
Source Elliman
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 Home Sold Realty LLC
HighLights
- Prime location just north of Downtown Lake Worth Beach, offering convenient access to dining, retail, entertainment, the Intracoastal Waterway, and Lake Worth Beach Park.
- Flexible unit mix consisting of one 2‑bedroom/2‑bathroom, one 2‑bedroom/1‑bathroom, and one 1‑bedroom/1‑bathroom unit.
- Total building size of 2,354 square feet on a 0.08‑acre lot.
- Varied unit mix provides both larger and more affordable floorplan options.
- Proximity to employment drivers such as JFK Medical Center and local municipal offices.
- Bikeable location with a bike score of 57.
Overview
Constructed in 1952, this property offers 2,354 gross square feet of space on a 0.08-acre lot. The building features wood frame construction and a flat built-up roof. The unit mix includes one two-bedroom/two-bathroom unit, one two-bedroom/one-bathroom unit, and one one-bedroom/one-bathroom unit, providing a flexible layout suitable for various tenant preferences. This varied unit mix offers both larger floorplans and smaller, more affordable options within a compact footprint. Situated just north of Downtown Lake Worth Beach, the property allows convenient access to the dining, retail, and entertainment options along Lake Avenue, as well as the Intracoastal Waterway and Lake Worth Beach Park. Local employment opportunities are available at JFK Medical Center, municipal offices, and service-based businesses throughout Palm Beach County. The location has a bike score of 57, indicating it is bikeable, and a walk score of 67, indicating it is somewhat walkable.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.3k | $25.20 |
| − Vacancy | −$3.3k | −$1.39 |
| EGI | $56.1k | $23.81 |
| − OpEx | −$16.8k | −$7.14 |
| NOI | $39.2k | $16.67 |
2,354 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$560.6K
$490.5K – $654.0K
NOI $39,241 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$517.2K
$452.5K – $603.4K
NOI $36,203 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$1.66M
$1.45M – $1.93M
NOI $116,047 @ 7.0% cap · market cap 16.94%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Lake Worth
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0559662
- Latitude
- 26.6203388
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Triplex near Downtown Lake Worth Beach with flexible unit mix.
Where is this triplex located?
The property is located at 714 N 4th Ave Ave N Lake Worth, FL.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Prime location just north of Downtown Lake Worth Beach, offering convenient access to dining, retail, entertainment, the Intracoastal Waterway, and Lake Worth Beach Park.; Flexible unit mix consisting of one 2‑bedroom/2‑bathroom, one 2‑bedroom/1‑bathroom, and one 1‑bedroom/1‑bathroom unit.; Total building size of 2,354 square feet on a 0.08‑acre lot.
