Well-Maintained Duplex with
723 N 7th Street Lantana, FL 33462
For Sale
Under Contract
$699,000
MULTI_FAMILY - Lantana, FL
Property Size2,952 SF
Lot Size0.27 Acres
Price / SF$236.79
Days on Market103
Property Features for 723 N 7th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R15 (city)
Bedrooms
6
Rooms
Bedroom 5, Bedroom 6, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 4, Bathroom 1, Bathroom 2, Bedroom 4, Bathroom 3
Patio and Porch features
Porch
Pets allowed
No, Yes
Standard status
Active Under Contract
APN
40434434090040020
Size
2,952 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MANTYHARJU LOTS 2 & 3 TRACT 4
Tax Annual Amount
2559
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public, Well
Building Details
Year built
1966
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic
Building materials
CBS, Stucco
Roof type
Shingle
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Adam Curtis · License #3283597
(954) 336-9974
Added: Apr 17
Changed: Jul 27
Last Checked: Jul 28 at 12:06AM
MLS# B26016870
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 well-maintained duplex provides two separate residential units, each laid out with three bedrooms and two full bathrooms. The floorplans are designed for comfortable everyday living, with generous living areas and ample natural light. Each unit also includes a dedicated laundry room, helping simplify tenant or household routines. Off-street convenience is supported by plenty of driveway parking available for residents.
The property is located in Lantana, Florida within city zoning noted as R15. The site totals 0.27 acres, and the listing indicates a total building size of 2,952 square feet.
For buyers, this configuration supports either an investor strategy built around two rental streams or an owner-occupant setup where one unit can be lived in while the other is rented. The presence of dedicated laundry and parking can be a practical fit for tenants who prefer in-home convenience, while the similar unit layouts can simplify management and turnover planning.
The property is located in Lantana, Florida within city zoning noted as R15. The site totals 0.27 acres, and the listing indicates a total building size of 2,952 square feet.
For buyers, this configuration supports either an investor strategy built around two rental streams or an owner-occupant setup where one unit can be lived in while the other is rented. The presence of dedicated laundry and parking can be a practical fit for tenants who prefer in-home convenience, while the similar unit layouts can simplify management and turnover planning.
Key Highlights
- Duplex built in 1966 with 2 units, each featuring 3 bedrooms and 2 full bathrooms
- Central A/C plus electric heating; roof is shingle
- Construction: CBS with stucco exterior
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 | $74.4k | $25.20 |
| − Vacancy | −$4.1k | −$1.39 |
| EGI | $70.3k | $23.81 |
| − OpEx | −$21.1k | −$7.14 |
| NOI | $49.2k | $16.67 |
2,952 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$703.0K
$615.1K – $820.2K
NOI $49,209 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$648.6K
$567.5K – $756.7K
NOI $45,400 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,527 @ 7.0% cap · market cap 20.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex with dedicated laundry and driveway parking, offering 3-bedroom, 2-bath layouts for rental or owner occupancy.
Where is this duplex located?
The property is located at 723 N 7th Street Lantana, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Duplex built in 1966 with 2 units, each featuring 3 bedrooms and 2 full bathrooms; Central A/C plus electric heating; roof is shingle; Construction: CBS with stucco exterior
