Four-Unit Multifamily
For Sale
$760,000
920 S K St, Lake Worth, FL 33460
One-bedroom, one-bath layouts near Downtown Lake Worth Beach, I-95, shopping, restaurants, and South Florida beaches.
Property Size2,450 SF
Days on Market47
Property Features for 920 S K St
General Information
Standard status
Active
Size
2,450 SF
Property subtype
Investment
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$76,800
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$11,219
Building Details
Building Size
2,450 SF
Year Built
1978
Stories
1
Listing Agency:
Fausto Commercial Realty Consultants Inc
Listed By:
Elior Levi · License #3574869
(954) 743-7594
Source:
Elliman
Added: Sep 10
Changed: Oct 21
Last Checked: Oct 24 at 7:08PM
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 Fausto Commercial Realty Consultants Inc
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Investment Insights
Based on property information with market context.
Located at 920 S K St in Lake Worth Beach, this multifamily property contains four one-bedroom, one-bath units. Built in 1978, the asset provides a straightforward residential configuration within an established neighborhood.
The property is minutes from Downtown Lake Worth Beach, with nearby restaurants, shopping, entertainment, the Intracoastal Waterway, and South Florida beaches. Proximity to I-95 and other major transportation corridors connects the property with West Palm Beach, employment centers, and destinations throughout Palm Beach County. Walk Score is 54, characterized as Somewhat Walkable, while Bike Score is 50, characterized as Bikeable.
The property is minutes from Downtown Lake Worth Beach, with nearby restaurants, shopping, entertainment, the Intracoastal Waterway, and South Florida beaches. Proximity to I-95 and other major transportation corridors connects the property with West Palm Beach, employment centers, and destinations throughout Palm Beach County. Walk Score is 54, characterized as Somewhat Walkable, while Bike Score is 50, characterized as Bikeable.
Key Highlights
- Four‑unit multifamily property with four 1‑bedroom/1‑bathroom units
- Built in 1978
- Located at 920 S K St, Lake Worth, FL 33460
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,841
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$816,820
$816.8K
Cap Rate 7%
$583,443
$583.4K
Cap Rate 9%
$453,789
$453.8K
Market Conditions
NOI Build-Up for 2,450 SF
Gross rent
$61.7K $25.20/SF
− Vacancy
−$3.4K −$1.39/SF
EGI
$58.3K $23.81/SF
− OpEx
−$17.5K −$7.14/SF
NOI
$40.8K $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%
$816,820
Cap Rate 7%
$583,443
Cap Rate 9%
$453,789
Alternative Uses
Best Use
Multifamily LT 5
$583.4K
$510.5K – $680.7K
NOI $40,841 @ 7.0% cap · market cap 5.37%
Second Best
Apartment 5plus
$538.3K
$471.0K – $628.0K
NOI $37,679 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$1.73M
$1.51M – $2.01M
NOI $120,780 @ 7.0% cap · market cap 15.89%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
735
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - One-bedroom, one-bath layouts near Downtown Lake Worth Beach, I-95, shopping, restaurants, and South Florida beaches.
Where is this quadplex located?
The property is located at 920 S K St Lake Worth, FL.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: Four‑unit multifamily property with four 1‑bedroom/1‑bathroom units; Built in 1978; Located at 920 S K St, Lake Worth, FL 33460
