Duplex with Licensed RV
For Sale
$669,000
714 S H Street, Lake Worth, FL 33460
Two-unit residential income property with roof replaced July 2021 and a licensed RV ADU.
Property Size1,733 SF
Price / SF$386.04
Days on Market34
Property Features for 714 S H Street
General Information
Standard status
Active
Size
1,733 SF
Property subtype
Duplex
Additional Details
Fenced Yard
Yes
Building Details
Year Built
1973
Listing Agency:
Partnership Realty Inc.
(561) 628-0331
Listed By:
Arshad Ali · License #3176578
(561) 628-0331
Source:
Lehmannflorida
Added: Jul 5
Changed: Jul 26
Last Checked: Aug 7 at 1:09AM
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 Partnership Realty Inc.
Investment Insights
Based on property information with market context.
This duplex includes two rental units and a fixed RV at the back of the property. The roof was replaced in July 2021. The RV is licensed and is supported by legal documentation as an ADU, and it is rented along with both duplex units. Per the seller’s information, the RV and both rented units generate over $5,500 per month. The property will be sold As Is, and offers will be reviewed as highest and best.
The home features brand-new fences with a sliding car entrance gate, and a wide rear-side door for access from the back. Recent upgrades are stated as permitted by the City of Lake Worth. The front side has 24-hour video surveillance camera coverage, with monitoring by the City of Lake Worth Electrical utility office.
The property is described as having a social organization building on the south side and the City of Lake Worth Electrical utility office on the north side. Showings are by appointment at your convenience.
The home features brand-new fences with a sliding car entrance gate, and a wide rear-side door for access from the back. Recent upgrades are stated as permitted by the City of Lake Worth. The front side has 24-hour video surveillance camera coverage, with monitoring by the City of Lake Worth Electrical utility office.
The property is described as having a social organization building on the south side and the City of Lake Worth Electrical utility office on the north side. Showings are by appointment at your convenience.
Key Highlights
- Two‑unit income property built in 1973, plus a licensed RV ADU at the back
- Roof replaced in July 2021
- RV ADU is licensed and has legal documents as an ADU
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
$28,889
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
4.32%
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%
$577,780
$577.8K
Cap Rate 7%
$412,700
$412.7K
Cap Rate 9%
$320,989
$321.0K
Market Conditions
NOI Build-Up for 1,733 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
$43.7K $25.20/SF
− Vacancy
−$2.4K −$1.39/SF
EGI
$41.3K $23.81/SF
− OpEx
−$12.4K −$7.14/SF
NOI
$28.9K $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%
$577,780
Cap Rate 7%
$412,700
Cap Rate 9%
$320,989
Alternative Uses
Best Use
Multifamily LT 5
$412.7K
$361.1K – $481.5K
NOI $28,889 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$380.7K
$333.2K – $444.2K
NOI $26,652 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,433 @ 7.0% cap · market cap 12.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,620
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?
Duplex - Two-unit residential income property with roof replaced July 2021 and a licensed RV ADU.
Where is this duplex located?
The property is located at 714 S H Street Lake Worth, FL.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: Two‑unit income property built in 1973, plus a licensed RV ADU at the back; Roof replaced in July 2021; RV ADU is licensed and has legal documents as an ADU
