$1,525,000
Lake Worth Beach, FL 33460
MLS# B26053634
3084 sqft
1 / 9
Property Description
Well-maintained 5-unit multifamily property comprised of one 1-bedroom/1-bathroom unit and four 2-bedroom/1-bathroom units. The property generates $10,405 in gross monthly rental income, providing strong in-place cash flow with continued upside through future rental growth. Ideally situated just minutes from downtown Lake Worth Beach, the Intracoastal Waterway, and the beach, the asset offers investors a stable income-producing opportunity in one of Palm Beach County's most desirable rental markets.
Details
Maps
Contract Information
Comp Sale YN: No
Seller Represented YN: No
Listing Date: 2026-07-17
Status: Active
Original List Price: 1525000
List Price: $1,525,000
Current Price: $1,525,000
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: 301
Street Direction Prefix: S
Street Name: M
Street Suffix: Street
State Or Province: FL
Postal Code: 33460
Postal Code +4: 4572
Subdivision Name: LAKE WORTH TOWN OF
Area: 5610
Elementary School: South Grade
Middle Or Junior School: Lake Worth
High School: Lake Worth
Parcel Number: 38434421151110170
Zoning: SF-R (city)
Directions: Use Navigation
General Property Information
Number Of Units Total: 4
Living Area Main: 3084
Living Area Source: Public Records
Accessibility Features YN: No
Gated Community YN: No
Parking Total: 0
Lot Size Area: 10125
Senior Community YN: No
Stories Total: 2
Pool Private YN: No
LP/Assessed Value: 3.38
Property Sub Type: Quadruplex
Building Area Main: 3084
Building Area Source: Public Records
Year Built: 1925
Lot Size Acres: 0.23
Financial Information
Master Association YN: No
Estimated Monthly Assoc Recurring Fee: 0
Tax Assessed/SOH Value: 450667
Assessor Market Value: 625141
Tax Annual Amount: 13611.96
Tax Year: 2025
Tax Legal Description: TOWN OF LAKE WORTH LTS 17 THRU 19 BLK 111
Office/Member Information
DXORIGMLSID: RML
Exterior Features
None: 1
Flooring
Wood: 1
Foundation Details
None: 1
Leasing Permitted Details
Leasing Permitted YN: Yes
Okay To Lease: 1
Property Condition
Resale: 1
Special Listing Conditions
Standard: 1
Documents Available
Investment Analysis: 1
Meter Information
Separate Electric Meters YN: Yes
Separate Gas Meters YN: No
Separate Water Meters YN: No
Number Of Separate Electric Meters: 4
Structure Type
Quadruplex: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Electricity Available: 1
Heating
Central Individual: 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
Road Frontage Type
East of US-1: 1
Roof
Built-Up: 1
Water Source
Public: 1
Income and Expenses
Annual Total Expense: 55864
Gross Income: 151066
Net Operating Income: 95202
Source Of Expenses
Owner Provided: 1
Cooling
Central Individual: 1
Showing Requirements
24 Hour Notice: 1
Call Owner: 1
Membership
No Membership Available: 1
Pets Allowed YN
No: 1
Restrictions
No Restrictions: 1
Tax Information
City/County: 1
Lake Worth Drain District: 1
Unit 1 Appliances
Range: 1
Refrigerator: 1
Unit 1 Details
Actual Rent: 2155
Baths Full: 1
Beds Total: 2
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 650
Unit 1 Lease Description
Currently Leased YN: No
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: 2150
Baths Full: 1
Beds Total: 2
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 650
Unit 2 Lease Description
Currently Leased YN: No
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: 2150
Baths Full: 1
Beds Total: 2
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 650
Unit 3 Lease Description
Currently Leased YN: No
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: 2350
Baths Full: 1
Beds Total: 2
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 650
Unit 4 Lease Description
Currently Leased YN: No
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: 494.48
Acreage Description
Less Than 1/4 Acre Lot: 1
Less Than 1 Acre Lot: 1
Status Change Information
Major Change Timestamp: 2026-07-17T19:01:04Z
Major Change Type: New Listing
Status Change Date: 2026-07-17
Originating Details
Originating System Key: 20260717155913395631000000
Originating System ID: M00000170
Property Features
Documents Available: Investment Analysis
Exterior Features: None
Flooring: Wood
Foundation Details: None
Leasing Permitted Details: Okay To Lease
Property Condition: Resale
Special Listing Conditions: Standard
Structure Type: Quadruplex
Tenant Pays: Cable TV; Electricity
Source Of Expenses: Owner Provided
Construction Materials: Frame
Cooling: Central Individual
Heating: Central Individual
Listing Terms: Cash; Conventional; FHA
Membership: No Membership Available
Pets Allowed YN: No
Possession: Close Of Escrow
Restrictions: No Restrictions
Road Frontage Type: East of US-1
Roof: Built-Up
Sewer: Public Sewer
Tax Information: City/County; Lake Worth Drain District
Utilities: Cable Available; Electricity Available
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 - 17 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
