$399,700

7871 Terrace Road, Lake Worth, FL 33462

2 baths |
944 sqft

Duplex
Built in 1955
10,019sqft lot
—— car garage
$423/sqft
Listed 1 month ago

Property Description

This partially renovated duplex presents a compelling investment opportunity with immediate rental income and long-term development potential. Constructed of durable CBS, the property features a newer roof installed in 2024 and is zoned multi-family medium density, allowing for up to five units. What appears to be a vacant lot next door is actually part of the property, offering additional land for future expansion or redevelopment. One unit has been moderately renovated with updates that include laminate flooring and appliances. The second unit has been fully renovated and professionally staged. It features updated kitchen cabinetry with a snack bar and is currently operating as a successful short-term rental, creating an attractive opportunity for diversified income streams. The property is equipped with two separate electric meters and one water meter, supporting ease of management for multiple units. With its combination of current cash flow, recent improvements, flexible zoning, and additional land, this duplex is well-suited for investors seeking both immediate returns and future development upside in a highly visible area close to beaches, PBIA and extensive dining and entertainment opportunities within minutes.

Listing Status:: Active
Date Added:: December 18, 2025
Data Last Updated:: February 9, 2026 at 4:21PM
Listing Office:: Lang Realty/Delray Beach : 561-455-3300
Listing Agent:: Noreen Payne : 703-999-4214
MLS ID:: R11148464

Flooring: Laminate
A/C: Wall/Window Unit(s)
Heating: Wall Furnace

General: Room For Pool

Roofing: Built-Up
Windows: Blinds
General: Concrete1

HOA Amenities: None
Originating MLS: BEACH_BEACH
County: Palm Beach

Zoning: RMTROPICAL TERRACE LTS 87 & 8800434510070000870
View: GardenView

Utilities: Cable AvailableSewer AvailableWater Available3 Phase
Water: Public
Sewer: Public Sewer

Source: BEACH_BEACH

Presented by Veterans United Realty

This listing courtesy of Noreen Payne , Lang Realty/Delray Beach

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Rolling Green Elementary School

550 Miner Rd, Boynton Beach, FL, 33435

Grades EE-5

0.33 miles away

Imagine Schools Chancellor Campus

3333 High Ridge Rd, Boynton Beach, FL, 33426

Grades KG-8

1.14 miles away

Ed Venture Charter School

115 E Coast Ave, Lantana, FL, 33462

Grades 9-12

0.81 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.