Two-Unit
New
For Sale
$899,900
917 N M Street #917/919, Lake Worth, FL 33460
The two residences offer separate bedroom and bath configurations, tile flooring, and a fenced yard.
Property Size2,214 SF
Price / SF$406.46
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
Amenities
tile flooring
fenced yard
Building Details
Year Built
1998
Listing Agency:
Atlantic Florida Properties In
(561) 713-1141
Listed By:
Joseph A DeFalco · License #3205517
(561) 352-6759
Source:
Lehmannflorida
Added: Oct 28
Changed: Oct 30
Last Checked: Nov 1 at 5:19AM
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 totaling 2,214 square feet. One side has 3 bedrooms and 2 full baths; the other has 2 bedrooms and 2 full baths. Tile flooring extends throughout, and each residence includes a large primary bedroom. A fenced yard serves the property.
Key Highlights
- Two residences with 3 bedrooms and 2 full baths on one side, and 2 bedrooms and 2 full baths on the other
- 2,214 square feet
- Built in 1998
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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Property Analytics
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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 two residences offer separate bedroom and bath configurations, tile flooring, and a fenced yard.
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 with 3 bedrooms and 2 full baths on one side, and 2 bedrooms and 2 full baths on the other; 2,214 square feet; Built in 1998
