Amazing income & investment opportunity 7.4% cap rate. This large Duplex is 2 Bedrooms / 2 Bath on one side and 1 Bedroom 1 Bath on the other, separate electric, and plenty of parking. The owner began renovating the 2 bedroom unit with new porcelain floors however would like to sell as-is. Situated on an oversized corner lot with room for a pool and/or future expansion. The location in East Lake Worth Beach is only a couple blocks from the beautiful intracoastal waterways, downtown shops, amazing restaurants, golf and more.
For sale
$480,000
1229 S M Street, Lake Worth Beach, FL 33460
3beds
1,246sqft
Est.:
Duplex
Built in 1957
-- sqft lot
$464,300 Zestimate®
$385/sqft
$-- HOA
What's special
Room for a poolOversized corner lotNew porcelain floors
- 16 days
- on Zillow |
- 612 |
- 35 |
Zillow last checked: 7 hours ago
Listing updated: August 13, 2025 at 03:21pm
Listed by:
Rodger P Morelli 561-929-7317,
RPM LUXE REALTY
Source: BeachesMLS,MLS#: RX-11080470
Originating MLS: Beaches MLS
Originating MLS: Beaches MLSTravel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Other
Cooling
- Electric, A/C Unit
Appliances
- Included: Dishwasher, Dryer, Gas Range, Refrigerator, Washer, Range - Gas
Features
- Flooring: Ceramic Tile
- Windows: Shutters, Complete Accordion Shutters
Interior area
- Total structure area: 1,318
- Total interior livable area: 1,246 sqft
Video & virtual tour
Property
Parking
- Parking features: Open, Open Parking
- Has uncovered spaces: Yes
Features
- Stories: 1
- Exterior features: Room for Pool
- Has view: Yes
- View description: Other
- Waterfront features: None
Lot
- Size: 6,750 Square Feet
- Dimensions: 50.0 ft x 135.0 ft
- Features: < 1/4 Acre
Details
- Parcel number: 38434427010550160
- Zoning: SF-R(c
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
- Attached to another structure: Yes
Materials
- CBS, Concrete
- Roof: Tar/Gravel
Condition
- Resale
- New construction: No
- Year built: 1957
Utilities & green energy
- Electric: Electric Meter, Separate Electrical Meters
- Gas: Gas Natural
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Natural Gas Connected
Community & HOA
Community
- Features: None
- Subdivision: Lake Worth Town Of Add 1
HOA
- Services included: Common R.E. Tax, Gas, Insurance-Other, Maintenance Grounds, Sewer, Trash, Water
Location
- Region: Lake Worth
Financial & listing details
- Price per square foot: $385/sqft
- Tax assessed value: $342,041
- Annual tax amount: $7,883
- Date on market: 8/14/2025
- Listing terms: Cash,Conventional
- Tenant pays: Cable TV, Electricity
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