$2,000,000
Lake Worth, FL 33460
MLS# A12116601
4032 sqft
1 / 13
Property Description
Kislak is pleased to present 309 South Palmway, an eight-unit multifamily investment opportunity in the highly desirable Bryant Park neighborhood of Lake Worth Beach, Florida. South Palmway is one of Lake Worth Beach’s most sought-after residential streets, prized for its established character, proximity to the Intracoastal Waterway and access to downtown. The property is just one block from Bryant Park and minutes from Downtown Lake Worth Beach and the Atlantic Ocean. The two-story property consists of eight one-bedroom/one-bathroom residences.Recent capital improvements include a new roof, impact-resistant windows and doors, and complete exterior painting. Amenities include private patios and storage sheds for the four first-floor residences, a detached CBS laundry building with coin-operated washer and dryer, and nine designated, lighted on-site parking spaces.The offering provides investors an opportunity to acquire a well-maintained multifamily asset with significant rental upside. Current rents range from $1,400 to $1,615 per month, compared with projected market rents of $1,800 per unit, representing approximately $29,520 in potential additional annual base rental income. The property's premier South Palmway location, recent improvements and rental upside present a compelling investment opportunity in one of Palm Beach County's desirable coastal markets.
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2026-11-02
Status: Active
Original List Price: 2000000
List Price: $2,000,000
Current Price: $2,000,000
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: Lake Worth
Municipal Code: 38
Postal Zip: 33460
Geographic Area: PB31
Subdivision Number: 15
Flood Zone: AE,X
Country: United States
Street Number: 309
Street Direction Prefix: S
Street Name: Palmway
State Or Province: FL
Postal Code: 33460
Postal Code +4: 4651
Subdivision Name: LAKE WORTH TOWN OF
Area: 5610
Elementary School: South Grade
Middle Or Junior School: Lake Worth
High School: Lake Worth
Parcel Number: 38434421151050110
Zoning: MF-20 (c
General Property Information
Number Of Units Total: 1
Living Area Main: 4032
Parking Total: 9
Stories Total: 2
Pool Private YN: No
Property Sub Type: Quadruplex
Building Area Main: 4032
Year Built: 1964
Financial Information
Estimated Monthly Assoc Recurring Fee: 0
Tax Annual Amount: 25132
Tax Year: 2026
Tax Legal Description: TOWN OF LAKE WORTH LT 11 BLK 105
Office/Member Information
DXORIGMLSID: SEF
Flooring
Laminate: 1
Tile: 1
Property Condition
Updated/Remodeled: 1
Documents Available
Copy Of Lease(s): 1
Deposit - Last Months Rent: 1
Deposit - Security: 1
Financial Statement: 1
Rent Rolls: 1
Structure Type
Multi Family: 1
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Heating
Central: 1
Separate Meters: 1
Construction Materials
Block: 1
Listing Terms
Cash: 1
Conventional: 1
Roof
Flat: 1
Income and Expenses
Gross Income: 1800
Cooling
Central Air: 1
Showing Requirements
Call Listing Agent: 1
Tax Information
City/County: 1
Unit 1 Details
Actual Rent: 1800
Baths Full: 1
Beds Total: 1
Efficiency YN: No
Unit 1 Lease Description
Currently Leased YN: Yes
Unit 1 Parking Features
Parking Space: 1
Price Calculations
Current Price To SqFt: 496.03
Section Details
Parcel Number MLX: 0110
Status Change Information
Major Change Timestamp: 2026-11-02T05:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-11-03
Originating Details
Originating System Key: 569540968
Originating System ID: M00000151
Property Features
Documents Available: Copy Of Lease(s); Deposit - Last Months Rent; Deposit - Security; Financial Statement; Rent Rolls
Flooring: Laminate; Tile
Property Condition: Updated/Remodeled
Structure Type: Multi Family
Construction Materials: Block
Cooling: Central Air
Heating: Central; Separate Meters
Listing Terms: Cash; Conventional
Possession: Close Of Escrow
Roof: Flat
Sewer: Public Sewer
Tax Information: City/County
Utilities: Cable Available
Showing Requirements: Call Listing Agent
Unit 1 Parking Features: Parking Space
Listing Office: J.I. Kislak Realty Corp
Last Updated: November - 04 - 2026
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