Two-Unit Duplex with Fenced
New
For Sale
$899,900
917 N M Street 917/919, Lake Worth, FL 33460
The residences provide two- and three-bedroom layouts, each with two full bathrooms and tile flooring throughout.
Property Size2,214 SF
Days on Market5
Property Features for 917 N M Street 917/919
General Information
Standard status
Active
Size
2,214 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/2BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$7,612
Amenities
fenced yard
Building Details
Building Size
2,214 SF
Year Built
1998
Listing Agency:
Atlantic Florida Properties In
Listed By:
Joseph A DeFalco · License #3205517
(561) 352-6759
Source:
Meyerlucas
Added: Oct 28
Changed: Oct 31
Last Checked: Oct 31 at 3:20AM
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 Atlantic Florida Properties In
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Investment Insights
Based on property information with market context.
Built in 1998, this duplex contains two residences: one with 3 bedrooms and 2 full bathrooms, and another with 2 bedrooms and 2 full bathrooms. Tile flooring extends throughout both units, and the property includes a fenced yard.
The property is located in Lake Worth Beach, Florida.
The property is located in Lake Worth Beach, Florida.
Key Highlights
- Two residences: one with 3 bedrooms and 2 full bathrooms, the other with 2 bedrooms and 2 full bathrooms
- Tile flooring throughout both units
- Fenced yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,907
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$738,140
$738.1K
Cap Rate 7%
$527,243
$527.2K
Cap Rate 9%
$410,078
$410.1K
Market Conditions
NOI Build-Up for 2,214 SF
Gross rent
$55.8K $25.20/SF
− Vacancy
−$3.1K −$1.39/SF
EGI
$52.7K $23.81/SF
− OpEx
−$15.8K −$7.14/SF
NOI
$36.9K $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 Rate 5%
$738,140
Cap Rate 7%
$527,243
Cap Rate 9%
$410,078
Alternative Uses
Best Use
Multifamily LT 5
$527.2K
$461.3K – $615.1K
NOI $36,907 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$486.4K
$425.6K – $567.5K
NOI $34,050 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $109,146 @ 7.0% cap · market cap 12.13%
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
894
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The residences provide two- and three-bedroom layouts, each with two full bathrooms and tile flooring throughout.
Where is this duplex located?
The property is located at 917 N M Street 917/919 Lake Worth, FL.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Two residences: one with 3 bedrooms and 2 full bathrooms, the other with 2 bedrooms and 2 full bathrooms; Tile flooring throughout both units; Fenced yard
