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7871 Terrace Road Lake Worth, FL ^$ 399,700

7871 Terrace Road

^$ 399,700

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Recently Listed

7871 Terrace Road

Lake Worth, FL, 33462

^$ 399,700

Bedrooms2 Baths2.0 Sq 944

Monthly Estimate*

^$ 2,494

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Multi-Family Home for sale in Lake Worth, FL

for $399,700 with 2 bedrooms and 2 full baths. This 944 square foot home was built in 1955 on a lot size of 0.229568.

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.Theproperty 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.

Multi-Family Active

Price

^$ 399,700

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 8,337

Style

Duplex

Lot Size

0.229568

Year Built

1955

Town/City

Lake Worth

County/Region

Palm Beach

MLS | Web ID

RX11148464

Features

Exterior

Lot Description < 1/4 Acre

Exterior Amenities Room for Pool

Waterfront No None

Private Pool Y/N No

General

Construction Concrete

Heating Window/Wall

Cooling Wall-Win A/C

Utilities Cable Electric Public Sewer Public Water

Possession At Closing Funding

Roof Built-Up

Zoning RM

HOA None

Status Active

Year Built 1955

REO No

Subdivision TROPICAL TERRACE

View Garden

Stories Count 1.0

Type Duplex

Property Type B

Area 4320

Auction No

Tax Year 2025

Terms Considered Cash Conventional

Gated Community No

Short Sale No

Restrict None

Taxes 8337.00

Middle School Congress Community Middle School

Adult 55+ No Hopa

High School Boynton Beach Community High

Virtual Tour https://www.propertypanorama.com/7871-Terrace-Road-Lake-Worth-FL-33462/unbranded

Elementary School Rolling Green Elementary School

Geo Area PB12

Legal Description TROPICAL TERRACE LTS 87 & 88

Interior

Flooring Laminate

SqFt - Living 944.00

Internal Only

OriginalMLSID RX-11148464

* Excluded Features

List By

Noreen Payne

Listing Agent

Lang Realty/Delray Beach

Broker

team@amyandnoreen.com

Affordability Calculator

$3,188

Per Month

Monthly Principal & Interest: $2,494
Monthly Property Taxes: $695
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Lake Worth, FL

Average List Price ^$888,479

Percent of Sale Price 122%

About Lake Worth, FL

36,971 Population

4% Since 2002

^$38,880 Median Income

38.36 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

738778 Elementary School

738822 Middle School

Boynton Beach Community High High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/18/2025	$399,700		Listed Price

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7871 Terrace Road, Lake Worth, FL, 33462 is a Multi-Family Home for sale at $399,700 with 944 sqft and a lot size of 0.229568. 7871 Terrace Road has 2 bedrooms, 2.0 baths, and was built in 1955. The property's zip code is 33462 which is in Lake Worth, FL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Multiple Listing Service of BeachesMLS. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/19/2025.

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7871 Terrace Road

Multi-Family Home for sale in Lake Worth, FL

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