Lake Worth Beach Multifamily
For Sale
$899,999
802 N J St, Lake Worth, FL 33460
Four-unit multifamily property in Lake Worth Beach, renovated with modern amenities.
Property Size2,144 SF
Price / SF$419.78
Days on Market167
Property Features for 802 N J St
General Information
Standard status
Active
Size
2,144 SF
Property subtype
Multi-Family
Building Details
Year Built
1950
Listing Agency:
LPT Realty, LLC
Listed By:
Michael William Luciano · License #3371345
(561) 536-3725
Source:
Wesellhomes
Added: Apr 24
Changed: Sep 6
Last Checked: Oct 7 at 3:36PM
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 LPT Realty, LLC
Investment Insights
Based on property information with market context.
This multifamily property, located in the city of Lake Worth Beach, consists of two separate CBS buildings. The property features a unit mix of one 2-bedroom, 1-bath unit, two 1-bedroom, 1-bath units, and one efficiency. All units include full kitchens, terrazzo floors, granite countertops, stainless steel appliances, tiled bathrooms, and central air conditioning. The buildings have been renovated and include newer roofs, impact windows and doors, and updated kitchens and baths. On-site amenities include three off-street parking spaces and a washer and dryer. This property is suitable for an owner occupant, rental business, or multifamily investment.
Key Highlights
- Renovated Units: All units have been renovated with updated kitchens, baths, and central A/C systems.
- Newer impact windows and doors throughout the property.
- Perfect for owner‑occupant, rental business, or multi‑family investment.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,740
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$714,800
$714.8K
Cap Rate 7%
$510,571
$510.6K
Cap Rate 9%
$397,111
$397.1K
Market Conditions
NOI Build-Up for 2,144 SF
Gross rent
$54.0K $25.20/SF
− Vacancy
−$3.0K −$1.39/SF
EGI
$51.1K $23.81/SF
− OpEx
−$15.3K −$7.14/SF
NOI
$35.7K $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 Rate 5%
$714,800
Cap Rate 7%
$510,571
Cap Rate 9%
$397,111
Alternative Uses
Best Use
Multifamily LT 5
$510.6K
$446.8K – $595.7K
NOI $35,740 @ 7.0% cap · market cap 3.97%
Second Best
Apartment 5plus
$471.0K
$412.2K – $549.6K
NOI $32,973 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,695 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit multifamily property in Lake Worth Beach, renovated with modern amenities.
Where is this quadplex located?
The property is located at 802 N J St Lake Worth, FL.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Renovated Units: All units have been renovated with updated kitchens, baths, and central A/C systems.; Newer impact windows and doors throughout the property.; Perfect for owner‑occupant, rental business, or multi‑family investment.
