*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.
For sale
$499,999
7871 Terrace Rd, Lake Worth, FL 33462
2beds
2baths
944sqft
Est.:
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
- 21 hours |
- 76 |
- 2 |
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#: TB8490469
Originating 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
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/25/2026 | Listed for sale | $499,999+25.1%$530/sqft |
Source: | ||
| 2/19/2026 | Listing removed | $399,700$423/sqft |
Source: | ||
| 12/18/2025 | Listed for sale | $399,700+11%$423/sqft |
Source: | ||
| 10/13/2023 | Sold | $360,000-5.3%$381/sqft |
Source: | ||
| 8/21/2023 | Pending sale | $380,000$403/sqft |
Source: | ||
| 7/11/2023 | Price change | $380,000-5%$403/sqft |
Source: | ||
| 6/27/2023 | Listed for sale | $399,900$424/sqft |
Source: | ||
| 6/26/2023 | Pending sale | $399,900$424/sqft |
Source: | ||
| 6/2/2023 | Listed for sale | $399,900+299.9%$424/sqft |
Source: | ||
| 2/10/2005 | Sold | $100,000$106/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax 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
More affordability tools
Climate risks
Neighborhood: 33462
Nearby schools
GreatSchools rating
- 2/10Rolling Green Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 3/10Boynton Beach Community High SchoolGrades: PK,6-12Distance: 1.9 mi
- 3/10Congress Community Middle SchoolGrades: 6-8Distance: 3.4 mi
Local experts in 33462
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