Two-Unit
New
For Sale
$899,900
917 N M Street, Lake Worth, FL 33460
Residential Income, Lake Worth Beach, FL
Property Size2,214 SF
Lot Size0.15 Acres
Price / SF$406.46
Days on Market4
Property Features for 917 N M Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
SF-TF-14 (city)
Bedrooms
5
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 2, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 5
Patio and Porch features
Patio
Pets allowed
No, Yes
Fencing
Fenced
Subdivision
LAKE WORTH TOWN OF
Lot features
Interior Lot
Elementary school
North Grade K-8
Middle school
Lake Worth
High school
Lake Worth
Standard status
Active
APN
38434421152840120
Size
2,214 SF
Lot size
0.15 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
TOWN OF LAKE WORTH LT 12 BLK 284
Tax Annual Amount
7612
Legal Description
TOWN OF LAKE WORTH LT 12 BLK 284
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
fenced yard
Building Details
Year built
1998
Floors in Building
1
Number of units
4
Flooring type
Tile - Ceramic
Building materials
Block, CBS
Roof type
Composition
Listing Agency:
Atlantic Florida Properties In
(561) 713-1141
Listed By:
Joseph A DeFalco · License #3205517
(561) 352-6759
Added: Oct 28
Last Checked: Oct 31 at 8:06AM
MLS# B26093748
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1998 duplex contains 2,214 square feet across two residences. One has three bedrooms and two full bathrooms; the other has two bedrooms and two full bathrooms. Both residences are currently rented. Interior finishes include ceramic tile, with central heating and central air conditioning. A patio and fenced yard add outdoor features to the property.
The 0.15-acre parcel is zoned SF-TF-14 by the city. Public water and public sewer serve the property, and cable is available. Construction is block and CBS, with a composition roof.
The 0.15-acre parcel is zoned SF-TF-14 by the city. Public water and public sewer serve the property, and cable is available. Construction is block and CBS, with a composition roof.
Key Highlights
- Two residences: one with 3 bedrooms and 2 full bathrooms, the other with 2 bedrooms and 2 full bathrooms
- 2,214 square feet
- 0.15 acres; zoned SF‑TF‑14 (city)
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
894
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
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer three-bedroom and two-bedroom layouts, each with two full bathrooms.
Where is this duplex located?
The property is located at 917 N M Street 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; 2,214 square feet; 0.15 acres; zoned SF‑TF‑14 (city)
