Duplex With Legal
For Sale
$615,000
714 S H Street, Lake Worth, FL 33460
Residential Income, Lake Worth Beach, FL
Property Size1,733 SF
Lot Size0.15 Acres
Price / SF$354.88
Days on Market48
Property Features for 714 S H Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
MU-DH (city)
Bedrooms
4
Full bathrooms
3
Rooms
Bedroom 4, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 3
Window features
Double Pane Windows
Patio and Porch features
Patio, Porch
Pets allowed
Cats OK, Dogs OK, Yes
Exterior features
Barbecue, Lighting, RV Hookup, Storage
Fencing
Gate, Fenced, Perimeter, Cross Fenced
Subdivision
LAKE WORTH TOWN OF
Lot features
Oversized Lot, Room for Pool
View
City
Elementary school
South Grade
Middle school
Lake Worth
High school
Lake Worth
Directions
Lat: 26.606896 Long: -80.058404. From I-95 go east on 6 Ave S, go south on South H Street. It is on the left hand side of the Street.
Standard status
Active
APN
38434421152230050
Size
1,733 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TOWN OF LAKE WORTH LT 5 BLK 223
Tax Annual Amount
7448
Legal Description
TOWN OF LAKE WORTH LT 5 BLK 223
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Window Unit(s), Ceiling Fan(s), Central Air, Wall/Window Unit(s), Electric
Water source
Public
Amenities
24-hour video surveillance
sliding car entrance gate
Building Details
Year built
1973
Floors in Building
1
Number of units
2
Flooring type
Wood, Vinyl, Laminate, Tile
Building materials
Block, Cement Siding, Foam Insulation, Wood Frame
Roof type
Wood, Fiberglass, Shingle
Additional Structures
Outbuilding, Storage
Listing Agency:
Partnership Realty Inc.
(561) 355-0270
Listed By:
Arshad Ali · License #3336890
(561) 628-0331
Added: Jul 5
Changed: Aug 20
Last Checked: Aug 21 at 12:06PM
MLS# B26049412
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.
This 1,733-square-foot duplex sits on a 0.15-acre parcel and includes two residential units plus a fixed RV documented and licensed as an ADU. The building dates to 1973 and features block, cement siding, foam insulation, and wood-frame construction. Interior finishes include wood, vinyl, laminate, and tile flooring, with electric heating and a mix of central, window, wall, and ceiling-fan cooling. A roof replacement was completed in 7/2021.
The property has perimeter fencing, cross-fencing, a sliding vehicle gate, patio and porch areas, storage, lighting, barbecue facilities, and an RV hookup. Public water and public sewer serve the site, with cable available. Zoning is MU-DH (city), and the property is located at 714 S H Street in Lake Worth Beach, Palm Beach County, Florida.
The property has perimeter fencing, cross-fencing, a sliding vehicle gate, patio and porch areas, storage, lighting, barbecue facilities, and an RV hookup. Public water and public sewer serve the site, with cable available. Zoning is MU-DH (city), and the property is located at 714 S H Street in Lake Worth Beach, Palm Beach County, Florida.
Key Highlights
- Two‑unit duplex with a fixed RV documented and licensed as an ADU
- 1,733 square feet on a 0.15‑acre parcel
- Roof replacement completed in 7/2021
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
4.70%
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 4.70%
Second Best
Apartment 5plus
$380.7K
$333.2K – $444.2K
NOI $26,652 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,433 @ 7.0% cap · market cap 13.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
847
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - MU-DH zoning, enclosed grounds, and public utilities support this Lake Worth Beach residential income property.
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 $615,000.
What are key features of this property?
This property features: Two‑unit duplex with a fixed RV documented and licensed as an ADU; 1,733 square feet on a 0.15‑acre parcel; Roof replacement completed in 7/2021
