Single-Story
For Sale
$437,000
826 S M Street, Lake Worth, FL 33460
Residential Income, Lake Worth Beach, FL
Property Size1,240 SF
Lot Size0.15 Acres
Price / SF$352.42
Days on Market19
Property Features for 826 S M Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
SF-R (city)
Bedrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2
Patio and Porch features
Porch, Patio
Pets allowed
Yes, Dogs OK
Exterior features
Courtyard, Awning(s), Barbecue
Fencing
Gate, Privacy, Chain Link
Subdivision
LAKE WORTH TOWN OF ADD 1
Lot features
Air Strip, Interior Lot, Sidewalks
Elementary school
South Grade
Middle school
Lake Worth
High school
Lake Worth
Directions
Please use GPS
Standard status
Active
APN
38434427010200020
Size
1,240 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ADD 1 TO TOWN OF LAKE WORTH LT 2 BLK 20
Tax Annual Amount
6167
Legal Description
ADD 1 TO TOWN OF LAKE WORTH LT 2 BLK 20
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric, Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1955
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic
Building materials
CBS, Concrete, Stucco
Roof type
Shingle
Additional Structures
Outbuilding
Listing Agency:
Atlantic Florida Properties In
(561) 713-1141
Listed By:
Norbert Czempinski · License #3162716
(561) 543-8398
Added: Sep 3
Changed: Sep 21
Last Checked: Sep 21 at 9:06PM
MLS# B26072675
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 single-story duplex contains 1,240 square feet of finished living space with two bedrooms and two bathrooms. The property was built in 1955 and features CBS, concrete, and stucco construction, ceramic tile flooring, a shingle roof, and electric heating and cooling through window or wall units.
Exterior features include a courtyard, awnings, barbecue area, patio, porch, privacy fencing, a gate, and chain-link fencing. The property is served by public water and public sewer, with cable available. SF-R zoning applies within the city, and the parcel encompasses 0.15 acres in the Lake Worth Town of Add 1 subdivision.
Exterior features include a courtyard, awnings, barbecue area, patio, porch, privacy fencing, a gate, and chain-link fencing. The property is served by public water and public sewer, with cable available. SF-R zoning applies within the city, and the parcel encompasses 0.15 acres in the Lake Worth Town of Add 1 subdivision.
Key Highlights
- 1,240 square feet of finished living space
- Two bedrooms and two bathrooms
- 0.15‑acre parcel with SF‑R (city) zoning
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
$20,671
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
4.73%
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%
$413,420
$413.4K
Cap Rate 7%
$295,300
$295.3K
Cap Rate 9%
$229,678
$229.7K
Market Conditions
NOI Build-Up for 1,240 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
$31.2K $25.20/SF
− Vacancy
−$1.7K −$1.39/SF
EGI
$29.5K $23.81/SF
− OpEx
−$8.9K −$7.14/SF
NOI
$20.7K $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 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%
$413,420
Cap Rate 7%
$295,300
Cap Rate 9%
$229,678
Alternative Uses
Best Use
Multifamily LT 5
$295.3K
$258.4K – $344.5K
NOI $20,671 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$272.4K
$238.4K – $317.8K
NOI $19,070 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$873.3K
$764.1K – $1.02M
NOI $61,129 @ 7.0% cap · market cap 13.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
684
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
View Realmo Analytics
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 - Two-bedroom residential income property with tile flooring, private fencing, and public water and sewer service.
Where is this duplex located?
The property is located at 826 S M Street Lake Worth, FL.
What is the asking price?
The asking price for this property is $437,000.
What are key features of this property?
This property features: 1,240 square feet of finished living space; Two bedrooms and two bathrooms; 0.15‑acre parcel with SF‑R (city) zoning
