$970,000
Lake Worth Beach, FL 33460
MLS# B26053847
1799 sqft
1 / 12
Property Description
Well-maintained 4-unit multifamily investment property featuring three studio apartments and one 1-bedroom/1-bath unit across two buildings. The property has benefited from recent upgrades including new flooring, exterior paint, woodwork improvements, and mini-split A/C systems, and offers free on-site laundry for tenants. Conveniently located just minutes from downtown Lake Worth Beach, the Intracoastal Waterway, and the beach, the property generates $7,095 in gross monthly rental income, providing immediate cash flow with continued upside in a rapidly improving submarket.
Details
Maps
Contract Information
Comp Sale YN: No
Seller Represented YN: No
Listing Date: 2026-07-18
Status: Active
Original List Price: 970000
List Price: $970,000
Current Price: $970,000
Listing Service: Limited Service
Location and Legal
County Or Parish: Palm Beach
Municipality Type: Incorporated
Municipal Code: 38
Geographic Area: PB16
Subdivision Number: 15
Multiple Offers Accepted: No
Special Assessment YN: No
Flood Zone: X
Country: United States
Street Number: 17
Street Direction Prefix: S
Street Name: L
Street Suffix: Street
State Or Province: FL
Postal Code: 33460
Postal Code +4: 3865
Subdivision Name: LAKE WORTH TOWN OF
Area: 5610
Elementary School: South Grade
Middle Or Junior School: Lake Worth
High School: Lake Worth
Parcel Number: 38434421150210250
Zoning: MU-E (city)
Directions: Use navigation.
General Property Information
Number Of Units Total: 4
Adjusted Area Main: 1014
Living Area Main: 1799
Living Area Source: Owner
Accessibility Features YN: No
Gated Community YN: No
Parking Total: 0
Lot Size Area: 3375
Senior Community YN: No
Stories Total: 1
Pool Private YN: No
LP/Assessed Value: 1.77
Property Sub Type: Quadruplex
Building Area Main: 1799
Building Area Source: Owner
Year Built: 1920
Lot Size Acres: 0.08
Financial Information
Application Required YN: No
Master Association YN: No
Estimated Monthly Assoc Recurring Fee: 0
Tax Assessed/SOH Value: 548595
Assessor Market Value: 548595
Tax Annual Amount: 13758.61
Tax Year: 2025
Tax Legal Description: TOWN OF LAKE WORTH LT 25 BLK 21
Office/Member Information
DXORIGMLSID: RML
Exterior Features
None: 1
Flooring
Tile: 1
Wood: 1
Leasing Permitted Details
Leasing Permitted YN: Yes
Okay To Lease: 1
Property Condition
Resale: 1
Special Listing Conditions
Standard: 1
Documents Available
Other: 1
Fencing
Fenced: 1
Meter Information
Separate Electric Meters YN: Yes
Separate Gas Meters YN: No
Separate Water Meters YN: No
Number Of Meters Total: 4
Number Of Separate Electric Meters: 4
Structure Type
Multi Family: 1
Quadruplex: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Other Area Details
Living Area Other Structures: 751
Building Area Other Structures: 811
Adjusted Area Other Structures: 765
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Heating
Other: 1
Leasing Restrictions
Leasing - Max Times Per Year: 1
Leasing - Minimum Number of Days: 365
Water Access
None: 1
Window Features
Blinds: 1
Construction Materials
Frame: 1
Listing Terms
Cash: 1
Conventional: 1
FHA: 1
Lot Features
Sidewalks: 1
Road Frontage Type
East of US-1: 1
Road Responsibility
Public Maintained Road: 1
Roof
Tar/Gravel: 1
Water Source
Public: 1
Income and Expenses
Annual Total Expense: 29775
Gross Income: 90014
Net Operating Income: 60239
Source Of Expenses
Owner Provided: 1
Boat and Dock Information
Dock: No
Cooling
Other: 1
Showing Requirements
24 Hour Notice: 1
Call Owner: 1
Pets Allowed YN
Yes: 1
Pets Allowed
No Restrictions: 1
Pet Details
Pet Fee YN: No
Restrictions
No Restrictions: 1
Tax Information
City/County: 1
Unit 1 Appliances
Range: 1
Refrigerator: 1
Unit 1 Details
Actual Rent: 1995
Baths Full: 1
Beds Total: 1
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 680
Unit 1 Lease Description
Currently Leased YN: No
Occupant Type: Tenant
Unit 1 Other Equipment
Other Equipment: 1
Unit 1 Parking Details
Carport YN: No
Garage YN: No
Unit 1 Parking Features
Other: 1
Unit 1 Rooms
Kitchen: 1
Unit 2 Appliances
Range: 1
Refrigerator: 1
Unit 2 Details
Actual Rent: 1800
Baths Full: 1
Efficiency YN: Yes
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 348
Unit 2 Lease Description
Currently Leased YN: No
Occupant Type: Tenant
Unit 2 Other Equipment
Other Equipment: 1
Unit 2 Parking Details
Carport YN: No
Garage YN: No
Unit 2 Parking Features
Other: 1
Unit 2 Rooms
Kitchen: 1
Unit 3 Appliances
Range: 1
Refrigerator: 1
Unit 3 Details
Actual Rent: 1600
Baths Full: 1
Efficiency YN: Yes
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 391
Unit 3 Lease Description
Currently Leased YN: No
Occupant Type: Tenant
Unit 3 Other Equipment
Other Equipment: 1
Unit 3 Parking Details
Carport YN: No
Garage YN: No
Unit 3 Parking Features
Other: 1
Unit 3 Rooms
Kitchen: 1
Unit 4 Appliances
Range: 1
Refrigerator: 1
Unit 4 Details
Actual Rent: 1700
Baths Full: 1
Efficiency YN: Yes
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 380
Unit 4 Lease Description
Currently Leased YN: No
Occupant Type: Tenant
Unit 4 Other Equipment
Other Equipment: 1
Unit 4 Parking Details
Carport YN: No
Garage YN: No
Unit 4 Parking Features
Other: 1
Unit 4 Rooms
Kitchen: 1
Price Calculations
Current Price To SqFt: 539.18
Acreage Description
Less Than 1/4 Acre Lot: 1
Less Than 1 Acre Lot: 1
Status Change Information
Major Change Timestamp: 2026-07-18T13:33:36Z
Major Change Type: New Listing
Status Change Date: 2026-07-18
Originating Details
Originating System Key: 20260718113843454730000000
Originating System ID: M00000170
Property Features
Documents Available: Other
Exterior Features: None
Fencing: Fenced
Flooring: Tile; Wood
Leasing Permitted Details: Okay To Lease
Property Condition: Resale
Special Listing Conditions: Standard
Structure Type: Multi Family; Quadruplex
Tenant Pays: Cable TV; Electricity
Source Of Expenses: Owner Provided
Construction Materials: Frame
Cooling: Other
Heating: Other
Listing Terms: Cash; Conventional; FHA
Lot Features: Sidewalks
Pets Allowed YN: Yes
Pets Allowed: No Restrictions
Possession: Close Of Escrow
Restrictions: No Restrictions
Road Frontage Type: East of US-1
Road Responsibility: Public Maintained Road
Roof: Tar/Gravel
Sewer: Public Sewer
Tax Information: City/County
Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected
Water Access: None
Water Source: Public
Window Features: Blinds
Showing Requirements: 24 Hour Notice; Call Owner
Unit 1 Appliances: Range; Refrigerator
Unit 1 Other Equipment: Other Equipment
Unit 1 Parking Features: Other
Unit 1 Rooms: Kitchen
Unit 2 Appliances: Range; Refrigerator
Unit 2 Other Equipment: Other Equipment
Unit 2 Parking Features: Other
Unit 2 Rooms: Kitchen
Unit 3 Appliances: Range; Refrigerator
Unit 3 Other Equipment: Other Equipment
Unit 3 Parking Features: Other
Unit 3 Rooms: Kitchen
Unit 4 Appliances: Range; Refrigerator
Unit 4 Other Equipment: Other Equipment
Unit 4 Parking Features: Other
Unit 4 Rooms: Kitchen
Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot
Listing Office: Home Sold Realty LLC
Last Updated: July - 18 - 2026
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