$449,000
Lake Worth Beach, FL 33460
MLS# B26096155
964 sqft
1 / 33
Property Description
Excellent Income-Producing Investment Opportunity with Room to Increase Rents! Legal duplex property featuring three separate rental units, including two charming 1-bedroom, 1-bathroom cottages and an additional studio unit. Currently generating steady rental income, with the two 1-bedroom units renting for $1,500 and $1,350 per month, and the studio renting for $1,350 per month, for a total monthly rental income of $4,200 ($50,400 annually). There is additional potential to increase rents and maximize your return on investment! The property features frame construction, freshly painted interiors and exteriors, and a roof in good condition. Each unit offers comfortable living spaces with plenty of charm. Additional highlights include separate water and electric meters, on-site laundry
Details
Maps
Contract Information
Comp Sale YN: No
Negotiable Seller Concessions YN: Yes
Seller Represented YN: No
Listing Date: 2026-11-03
Status: Active
Original List Price: 449000
List Price: $449,000
Current Price: $449,000
Listing Service: Full Service
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: Lake Worth Beach
Municipality Type: Incorporated
Municipal Code: 38
Postal Zip: 33460
Geographic Area: PB16
Subdivision Number: 15
Multiple Offers Accepted: Yes
Special Assessment YN: No
Flood Zone: X
Country: United States
Street Number: 923
Street Direction Prefix: N
Street Name: FEDERAL
Street Suffix: Highway
State Or Province: FL
Postal Code: 33460
Postal Code +4: 2608
Subdivision Name: LAKE WORTH TOWN OF
Area: 5600
Elementary School: North Grade K-8
Middle Or Junior School: Lake Worth
High School: Lake Worth
Parcel Number: 38434421152860110
Zoning: MU-FH (city)
General Property Information
Number Of Units Total: 2
Adjusted Area Main: 737
Living Area Main: 592
Living Area Source: Appraiser
Lot Size Dimensions: 0.1550 ACRES
Accessibility Features YN: No
Gated Community YN: No
Parking Total: 6
Lot Size Area: 6752
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories Total: 1
Stories: 1
Pool Private YN: No
LP/Assessed Value: 2.07
Property Sub Type: Duplex
Building Area Main: 964
Building Area Source: Public Records
Year Built: 1925
Lot Size Acres: 0.16
Financial Information
Master Association YN: No
Estimated Monthly Assoc Recurring Fee: 0
Tax Assessed/SOH Value: 217348
Assessor Market Value: 290180
Tax Annual Amount: 5959.88
Tax Year: 2025
Tax Legal Description: TOWN OF LAKE WORTH LT 11 BLK 286
Office/Member Information
DXORIGMLSID: RML
Electric
Three Phase: 1
Exterior Features
Courtyard: 1
Flooring
Tile: 1
Leasing Permitted Details
Leasing Permitted YN: Yes
Okay To Lease: 1
Property Condition
Resale: 1
Special Information
Sold As-Is: 1
Special Listing Conditions
Standard: 1
Documents Available
None: 1
Meter Information
Separate Electric Meters YN: Yes
Separate Gas Meters YN: No
Separate Water Meters YN: Yes
Number Of Meters Total: 3
Number Of Separate Electric Meters: 3
Number Of Separate Water Meters: 3
Structure Type
Duplex: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Repairs: 1
Other Area Details
Living Area Other Structures: 528
Building Area Other Structures: 528
Adjusted Area Other Structures: 520
Other Structures
Outbuilding: 1
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Electricity Available: 1
Sewer Connected: 1
Water Available: 1
View
Other: 1
Heating
Other: 1
Water Access
None: 1
Construction Materials
Frame: 1
Laundry Features
Common Area: 1
Listing Terms
Cash: 1
Conventional: 1
FHA: 1
Road Frontage Type
City Street: 1
Road Responsibility
Public Maintained Road: 1
Road Surface Type
Alley Paved: 1
Roof
Composition: 1
Water Source
Public: 1
Income and Expenses
Annual Total Expense: 3745
Gross Income: 28200
Net Operating Income: 24458
Source Of Expenses
Owner Provided: 1
Cooling
Ceiling Fan(s): 1
Wall/Window Unit(s): 1
Showing Requirements
24 Hour Notice: 1
Occupied: 1
Text Listing Agent: 1
Main Living Area
Entry Level: 1
Pets Allowed YN
Yes: 1
Pets Allowed
No Restrictions: 1
Pet Details
Pet Fee YN: No
Restrictions
No Restrictions: 1
Tax Information
City/County: 1
Outdoor Living Spaces
Courtyard: 1
Courtyard Details
Courtyard - Open: 1
Unit 1 Appliances
Range: 1
Refrigerator: 1
Unit 1 Details
Actual Rent: 1500
Baths Full: 1
Beds Total: 1
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 592
Unit 1 Lease Description
Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2027-11-01
Occupant Type: Tenant
Unit 1 Other Equipment
Air Conditioning Unit: 1
Unit 1 Parking Details
Carport YN: No
Garage YN: No
Unit 1 Parking Features
Open Parking: 1
Unit 1 Rooms
Kitchen: 1
Separate Dining: 1
Unit 2 Appliances
Range: 1
Refrigerator: 1
Unit 2 Details
Actual Rent: 1200
Baths Full: 1
Beds Total: 1
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 528
Unit 2 Lease Description
Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2027-11-01
Occupant Type: Tenant
Unit 2 Other Equipment
Air Conditioning Unit: 1
Unit 2 Parking Details
Carport YN: No
Garage YN: No
Unit 2 Parking Features
Open Parking: 1
Unit 2 Rooms
Kitchen: 1
Unit 3 Details
Actual Rent: 0
SqFt: 250
Unit 4 Details
Actual Rent: 0
SqFt: 0
Price Calculations
Current Price To SqFt: 758.44
Acreage Description
Less Than 1/4 Acre Lot: 1
Less Than 1 Acre Lot: 1
Status Change Information
Major Change Timestamp: 2026-11-03T23:40:56Z
Major Change Type: New Listing
Status Change Date: 2026-11-03
Originating Details
Originating System Key: 20261103225631985308000000
Originating System ID: M00000170
Property Features
Documents Available: None
Electric: Three Phase
Exterior Features: Courtyard
Flooring: Tile
Leasing Permitted Details: Okay To Lease
Property Condition: Resale
Special Listing Conditions: Standard
Structure Type: Duplex
Tenant Pays: Cable TV; Electricity; Repairs
Source Of Expenses: Owner Provided
Construction Materials: Frame
Cooling: Ceiling Fan(s); Wall/Window Unit(s)
Heating: Other
Laundry Features: Common Area
Listing Terms: Cash; Conventional; FHA
Main Living Area: Entry Level
Other Structures: Outbuilding
Pets Allowed YN: Yes
Pets Allowed: No Restrictions
Possession: Close Of Escrow
Restrictions: No Restrictions
Road Frontage Type: City Street
Road Responsibility: Public Maintained Road
Road Surface Type: Alley Paved
Roof: Composition
Sewer: Public Sewer
Special Information: Sold As-Is
Tax Information: City/County
Utilities: Cable Available; Electricity Available; Sewer Connected; Water Available
View: Other
Water Access: None
Water Source: Public
Showing Requirements: 24 Hour Notice; Occupied; Text Listing Agent
Outdoor Living Spaces: Courtyard
Courtyard Details: Courtyard - Open
Unit 1 Appliances: Range; Refrigerator
Unit 1 Other Equipment: Air Conditioning Unit
Unit 1 Parking Features: Open Parking
Unit 1 Rooms: Kitchen; Separate Dining
Unit 2 Appliances: Range; Refrigerator
Unit 2 Other Equipment: Air Conditioning Unit
Unit 2 Parking Features: Open Parking
Unit 2 Rooms: Kitchen
Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot
Listing Office: Paradise Real Estate Intl
Last Updated: November - 04 - 2026
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