2-Unit
New
For Sale
$899,900
917919-917 N M Street, Lake Worth, FL 33460
Tile floors extend throughout the property, which also has a fenced yard.
Property Size2,214 SF
Price / SF$406.46
Days on Market4
Property Features for 917919-917 N M Street
General Information
Standard status
Active
Size
2,214 SF
Property subtype
Residential Income
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
Tenancy
Multi
Listing Agency:
Atlantic Florida Properties In
(561) 713-1141
Listed By:
Joseph A DeFalco · License #3205517
(561) 352-6759
Source:
Exprealty
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 2:34PM
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
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 2,214-square-foot duplex in Lake Worth Beach contains two residences. One has 3 bedrooms and 2 full bathrooms; the other has 2 bedrooms and 2 full bathrooms. Tile flooring is installed throughout, and the property has a fenced yard.
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
- Tile flooring throughout
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
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
633
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Tile floors extend throughout the property, which also has a fenced yard.
Where is this duplex located?
The property is located at 917919-917 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; Tile flooring throughout
