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For sale
  • $499,999

    7871 Terrace Rd, Lake Worth, FL 33462

    2beds
    2baths
    944sqft
    : 
    Duplex, Multi Family
    Built in 1955
    -- sqft lot
    $-- Zestimate®
    $530/sqft
    $-- HOA

    What's special

    Fully furnishedFreshly remodeledUpdated finishesStylish breakfast barsModern laminate flooring throughoutBrand new wood cabinets
    *Exceptional Turnkey Multi-Family Investment Opportunity *Discover a cash-flowing, income-producing asset perfectly positioned for the savvy investor or owner-operator. This 2-bedroom, 2-bathroom duplex delivers immediate rental income with remarkable upside potential. Unit A is currently vacant, but a recent tenant was paying $1,500 per month, while Unit B has been successfully operated as an Airbnb, grossing an impressive $31,000 last year. Both units have been freshly remodeled and feature modern laminate flooring throughout, stylish breakfast bars, and updated finishes that attract quality tenants and guests alike. Unit B showcases brand new wood cabinets and comes fully furnished, equipped with a coffee maker, microwave, couch, bed, two televisions, computer desk, and chair — meaning you can begin generating Airbnb income from day one with zero additional investment. Major capital improvements have already been completed, including a brand new roof installed in 2024 and two wall-mounted AC units added to each unit in 2024. These significant upgrades provide peace of mind and reduce future maintenance costs, allowing you to maximize your returns immediately. Whether you choose to continue the current dual-income strategy, convert both units to long-term rentals, or occupy one unit while the other pays your mortgage, the flexibility of this property is unmatched. Located in the desirable Lantana community with easy access to beaches, dining, and local attractions, this duplex is ideally suited for short-term rental demand. This property is easy to show and ready for its next owner. Schedule your private tour today and start building your real estate portfolio. No assignable contracts.
    21 hours
    |
    76
    |
    2
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    Zillow last checked: 7 hours ago

    Listing updated: 10 hours ago

    Listing Provided by:

    KEVIOUS DOUGLAS, LLC 813-417-1391,

    RICHARD PETERS REALTY LLC 352-448-9712

    Source: Stellar MLS,MLS#: TB8490469MLS LogoOriginating MLS: Suncoast Tampa

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      Heating
      • None
      Cooling
      • Wall/Window Unit(s)
      Appliances
      • Included: Convection Oven, Refrigerator
      • Laundry: None
      Features
      • Ceiling Fan(s), Eating Space In Kitchen, Solid Surface Counters, Solid Wood Cabinets
      • Flooring: Laminate
      • Has fireplace: No
      Interior area
      • Total interior livable area: 944 sqft
      Video & virtual tour

      Property

      Features
      • Exterior features: Private Entrance
      Lot
      • Size: 10,000 Square Feet
      Details
      • Parcel number: 00434510070000870
      • Zoning: RM
      • Special conditions: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Duplex, Multi Family
      Materials
      • Stucco
      • Foundation: Block
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1955

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Public

      Community & HOA

      Community
      • Pet fee: $0 monthly
      • Subdivision: TROPICAL TERRACE
      HOA
      • Has HOA: No
      Location
      • Region: Lake Worth

      Financial & listing details

      • Price per square foot: $530/sqft
      • Tax assessed value: $256,161
      • Annual tax amount: $8,337
      • Date on market: 3/25/2026
      • Cumulative days on market: 1 day
      • Listing terms: Cash,Conventional,FHA,VA Loan
      • Ownership: Fee Simple
      • Total actual rent: 0
      • Road surface type: Asphalt
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        Price history
        DateEventPrice
        3/25/2026Listed for sale$499,999+25.1%$530/sqft
        Source: Stellar MLS #TB8490469 Report a problem
        2/19/2026Listing removed$399,700$423/sqft
        Source: BeachesMLS #RX-11148464 Report a problem
        12/18/2025Listed for sale$399,700+11%$423/sqft
        Source: BeachesMLS #RX-11148464 Report a problem
        10/13/2023Sold$360,000-5.3%$381/sqft
        Source: BeachesMLS #R10894260 Report a problem
        8/21/2023Pending sale$380,000$403/sqft
        Source: BeachesMLS #RX-10894260 Report a problem
        7/11/2023Price change$380,000-5%$403/sqft
        Source: BeachesMLS #RX-10894260 Report a problem
        6/27/2023Listed for sale$399,900$424/sqft
        Source: BeachesMLS #RX-10894260 Report a problem
        6/26/2023Pending sale$399,900$424/sqft
        Source: BeachesMLS #RX-10894260 Report a problem
        6/2/2023Listed for sale$399,900+299.9%$424/sqft
        Source: BeachesMLS #RX-10894260 Report a problem
        2/10/2005Sold$100,000$106/sqft
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2024$7,846 +162.2%$256,161 +259.3%
        2023$2,992 +5.2%$71,300 +10%
        2022$2,845 +23.4%$64,818 +10%
        2021$2,306 +17.1%$58,925 +10%
        2020$1,968 +11%$53,568 +10%
        2019$1,774 $48,698 -43.3%
        2018$1,774 +13.1%$85,813 +29.2%
        2017$1,569 +14.9%$66,422 +81.5%
        2016$1,365 +7.3%$36,587 +10%
        2015$1,273 +20.5%$33,261 +10%
        2014$1,056 +103.6%$30,237 +10%
        2013$519 -0.5%$27,488 +1%
        2012$521 -2.2%$27,218
        2011$533 -11.2%$27,218 -10.4%
        2010$600 -60.7%$30,362 -62.2%
        2009$1,529 -17.1%$80,267 -26.2%
        2008$1,845 -8%$108,731 -8.9%
        2007$2,005 -6.8%$119,388 +1.3%
        2006$2,152 $117,887 +43.3%
        2005-- $82,285 +33.6%
        2004$639 +126.6%$61,586 +7.4%
        2003$282 -77.9%$57,359 +11.9%
        2002$1,276 +19.1%$51,251 +26.5%
        2001$1,072 +2.1%$40,528 +1.4%
        2000$1,049 +58.4%$39,964 +17.7%
        1999$662 $33,954

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $3,233/mo
        Principal & interest
        $2508
        Property taxes
        $725
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          Climate risks

          Neighborhood: 33462

          Getting around

          41 / 100
          Car-Dependent
          50 / 100
          Bikeable

          Nearby schools

          GreatSchools rating

          Local experts in 33462

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