Duplex Residential Income
For Sale
$650,000
925 S Pine Street, Lake Worth, FL 33460
Residential Income, Lake Worth, FL
Property Size1,624 SF
Lot Size0.24 Acres
Price / SF$400.25
Days on Market51
Property Features for 925 S Pine Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
SF-TF-
Bedrooms
4
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 2
Pets allowed
Yes, No
Fencing
Fenced
Subdivision
LAKEVIEW HEIGHTS ADD 4
Elementary school
Barton
Middle school
Lake Worth
High school
Lake Worth
Standard status
Active
APN
38434428060010100
Size
1,624 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ADD 4 TO LAKEVIEW HGTS LTS 10 & 11 BLK 1
Tax Annual Amount
5300
Legal Description
ADD 4 TO LAKEVIEW HGTS LTS 10 & 11 BLK 1
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1958
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
CBS, Stucco
Roof type
Composition
Listing Agency:
Pure Equity Realty LLC
Listed By:
Onias Derilus · License #3276618
(561) 835-5400
Added: Jul 16
Changed: Sep 4
Last Checked: Sep 4 at 9:06AM
MLS# B26053232
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.
Investment Insights
Based on property information with market context.
This duplex-style residential income property is offered for sale and includes 1,624 square feet of total building area on a 0.24-acre lot. The property is categorized as duplexes, multifamily properties, and residential income properties, aligning with an owner looking for straightforward residential rental use.
Located at 925 S Pine Street in Lake Worth, Florida 33460, the property is situated in Palm Beach County. The listing indicates SF-TF- zoning.
With a compact lot and modest building size, this duplex configuration may appeal to buyers seeking a manageable residential income asset within the Lake Worth market.
Located at 925 S Pine Street in Lake Worth, Florida 33460, the property is situated in Palm Beach County. The listing indicates SF-TF- zoning.
With a compact lot and modest building size, this duplex configuration may appeal to buyers seeking a manageable residential income asset within the Lake Worth market.
Key Highlights
- Built in 1958 with CBS and stucco construction
- Central heating and central air with electric system
- Tile flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,072
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$541,440
$541.4K
Cap Rate 7%
$386,743
$386.7K
Cap Rate 9%
$300,800
$300.8K
Market Conditions
NOI Build-Up for 1,624 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$40.9K $25.20/SF
− Vacancy
−$2.3K −$1.39/SF
EGI
$38.7K $23.81/SF
− OpEx
−$11.6K −$7.14/SF
NOI
$27.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$541,440
Cap Rate 7%
$386,743
Cap Rate 9%
$300,800
Alternative Uses
Best Use
Multifamily LT 5
$386.7K
$338.4K – $451.2K
NOI $27,072 @ 7.0% cap · market cap 4.16%
Second Best
Apartment 5plus
$356.8K
$312.2K – $416.3K
NOI $24,976 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$1.14M
$1.00M – $1.33M
NOI $80,060 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
597
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex-style residential income property for sale with SF-TF- zoning in Lake Worth, Florida.
Where is this duplex located?
The property is located at 925 S Pine Street Lake Worth, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Built in 1958 with CBS and stucco construction; Central heating and central air with electric system; Tile flooring throughout
