Two-Unit Multifamily
721 S J Street, Lake Worth, FL 33460
For Sale
New
$399,999
Residential Income, Lake Worth Beach, FL
Property Size1,024 SF
Lot Size0.15 Acres
Price / SF$390.62
Days on Market6
Property Features for 721 S J Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Full bathrooms
Rooms
Pets allowed
Fencing
Subdivision
View
Elementary school
Middle school
High school
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Listing Agency:
VantaSure Realty LLC
(954) 461-5734
Listed By:
Desare A Kohn-Laski PA · License FL #3187020
(954) 529-9203
Added: Nov 5
Changed: Nov 6
Last Checked: Nov 10 at 2:06AM
MLS# B26097450
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.
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Investment Insights
Based on property information with market context.
This 1,024-square-foot duplex contains two residences, each arranged with two bedrooms and one bathroom. Built in 1946, the frame-and-stucco property has carpet, ceramic tile, and laminate flooring, along with fencing. Cooling is provided by electric window or wall units.
The 0.15-acre property is east of Dixie and described as near the beach, restaurants, shopping, and downtown Lake Worth Beach. City zoning is SF-R. Public water and public sewer serve the property; water is also listed as available.
The 0.15-acre property is east of Dixie and described as near the beach, restaurants, shopping, and downtown Lake Worth Beach. City zoning is SF-R. Public water and public sewer serve the property; water is also listed as available.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,024 square feet on a 0.15‑acre lot
- Built in 1946; frame and stucco construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,647
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$312,940
$312.9K
Cap Rate 7%
$223,529
$223.5K
Cap Rate 9%
$173,856
$173.9K
Market Conditions
NOI Build-Up for 1,024 SF
Gross rent
$30.1K $29.40/SF
− Vacancy
−$1.7K −$1.62/SF
EGI
$28.4K $27.78/SF
− OpEx
−$12.8K −$12.50/SF
NOI
$15.6K $15.28/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$312,940
Cap Rate 7%
$223,529
Cap Rate 9%
$173,856
Alternative Uses
Best Use
Apartment 5plus
$223.5K
$195.6K – $260.8K
NOI $15,647 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$721.2K
$631.0K – $841.4K
NOI $50,481 @ 7.0% cap · market cap 12.62%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
847
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
$333,200
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Lake Worth, FL
Properties on Market for Multifamily properties in Lake Worth
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Each residence has two bedrooms and one bathroom, with electric window or wall-unit cooling.
Where is this multifamily property located?
The property is located at 721 S J Street Lake Worth, FL.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,024 square feet on a 0.15‑acre lot; Built in 1946; frame and stucco construction
