$750,000
Lake Park, FL 33403
MLS# B26013374
2325 sqft
1 / 24
Property Description
Rare four-unit investment opportunity in the rapidly growing Lake Park market. This unique property features a main residence plus a triplex with three efficiency units, generating $86,400 in annual gross rental income with immediate cash flow. Ideally located just minutes from the Intracoastal Waterway, Singer Island beaches, marina, brewery, theater, pickleball, Publix, US-1, I-95, and Palm Beach International Airport. Per current zoning and permitting information, the property may accommodate up to 10 units (buyer to verify). The main house also offers potential to convert to a 3BR/2BA. Whether you're looking to renovate, add value, or hold for long-term income, this property offers exceptional upside in a high-demand rental market. Quiet street, easy to rent, & outstanding investment.
Details
Maps
Documents
Contract Information
Comp Sale YN: No
Negotiable Seller Concessions YN: Yes
Listing Date: 2026-04-09
Status: Active
Original List Price: 750000
List Price: $750,000
Current Price: $750,000
Listing Service: Full Service
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: Lake Park
Municipality Type: Incorporated
Municipal Code: 36
Postal Zip: 33403
Geographic Area: PB26
Subdivision Number: 1
Multiple Offers Accepted: Yes
Special Assessment YN: No
Flood Zone: X
Country: United States
Street Number: 505
Street Name: Foresteria
Street Suffix: Drive
State Or Province: FL
Postal Code: 33403
Postal Code +4: 3369
Subdivision Name: KELSEY CITY
Area: 5270
Elementary School: Lake Park
Middle Or Junior School: Howell L. Watkins
High School: Palm Beach Gardens
Parcel Number: 36434220010180440
Zoning: R1 (city)
General Property Information
Number Of Units Total: 4
Adjusted Area Main: 1926
Living Area Main: 1732
Living Area Source: Public Records
Accessibility Features YN: No
Gated Community YN: No
Parking Total: 4
Lot Size Area: 6256
Senior Community YN: No
Stories Total: 1
Stories: 1
Pool Private YN: No
Property Sub Type: Quadruplex
Building Area Main: 2325
Building Area Source: Owner
Year Built: 1945
Lot Size Acres: 0.14
Financial Information
Master Association YN: No
Estimated Monthly Assoc Recurring Fee: 0
Tax Annual Amount: 11413
Tax Year: 2025
Tax Legal Description: KELSEY CITY LTS 44~ 45 & W 1/2 OF LT 46 BLK 18
Office/Member Information
DXORIGMLSID: RML
Exterior Features
None: 1
Flooring
Clay: 1
Tile: 1
Foundation Details
Concrete Perimeter: 1
Raised: 1
Slab: 1
Leasing Permitted Details
Leasing Permitted YN: Yes
Okay To Lease: 1
Property Condition
Resale: 1
Special Information
Requirements Non Conforming Use: 1
Special Listing Conditions
Standard: 1
Documents Available
Copy Of Lease(s): 1
Fencing
Fenced: 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
Multi Family: 1
Quadruplex: 1
Triplex: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Utilities
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
View
Other: 1
Heating
Window/Wall: 1
Leasing Restrictions
Leasing - Max Times Per Year: 365
Leasing - Minimum Number of Days: 1
Water Access
None: 1
Construction Materials
Aluminum Siding: 1
Block: 1
Stucco: 1
Laundry Features
Electric Dryer Hookup: 1
In Garage: 1
Inside: 1
Washer Hookup: 1
Levels
One: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Other: 1
Lot Features
Interior Lot: 1
Road Frontage Type
City Street: 1
West of US-1: 1
Road Responsibility
Public Maintained Road: 1
Road Surface Type
Paved: 1
Roof
Composition: 1
Shingle: 1
Water Source
Public: 1
Income and Expenses
Annual Total Expense: 15757
Gross Income: 86400
Net Operating Income: 70643
Source Of Expenses
Owner Provided: 1
Cooling
Ceiling Fan(s): 1
Wall/Window Unit(s): 1
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Call Listing Agent: 1
Occupied: 1
Schedule Online: 1
Showing Service: 1
Main Living Area
Other Main Living Area: 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
Tax Reflects No Exemptions: 1
Unit 1 Appliances
Range: 1
Refrigerator: 1
Water Softener Owned: 1
Unit 1 Details
Actual Rent: 2750
Baths Full: 1
Beds Total: 3
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 1400
Unit 1 Interior Features
Built-in Shelves: 1
Unit 1 Lease Description
Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2027-08-15
Occupant Type: Tenant
Unit 1 Other Equipment
Air Conditioning Unit: 1
Washer/Dryer Hookups: 1
Unit 1 Parking Details
Carport YN: No
Garage YN: No
Unit 1 Parking Features
On Street: 1
Open Parking: 1
Parking Space: 1
Unit 1 Patio/Porch
Patio/Porch: 1
Unit 1 Rooms
Kitchen: 1
Unit 2 Appliances
Range: 1
Refrigerator: 1
Unit 2 Details
Actual Rent: 1550
Baths Full: 1
Efficiency YN: Yes
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 272
Unit 2 Lease Description
Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2026-12-31
Occupant Type: Tenant
Unit 2 Other Equipment
Air Conditioning Unit: 1
Unit 2 Parking Details
Carport YN: No
Garage YN: No
Unit 2 Parking Features
On Street: 1
Open Parking: 1
Parking Space: 1
Unit 2 Rooms
Kitchen: 1
Unit 3 Appliances
Range: 1
Refrigerator: 1
Unit 3 Details
Actual Rent: 1550
Baths Full: 1
Efficiency YN: Yes
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 272
Unit 3 Lease Description
Currently Leased YN: No
Occupant Type: Tenant
Unit 3 Other Equipment
Air Conditioning Unit: 1
Unit 3 Parking Details
Carport YN: No
Garage YN: No
Unit 3 Parking Features
On Street: 1
Open Parking: 1
Parking Space: 1
Unit 3 Rooms
Kitchen: 1
Unit 4 Appliances
Range: 1
Refrigerator: 1
Unit 4 Details
Actual Rent: 1350
Baths Full: 1
Efficiency YN: Yes
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 272
Unit 4 Lease Description
Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2026-12-31
Occupant Type: Tenant
Unit 4 Other Equipment
Air Conditioning Unit: 1
Unit 4 Parking Details
Carport YN: No
Garage YN: No
Unit 4 Parking Features
On Street: 1
Open Parking: 1
Parking Space: 1
Unit 4 Rooms
Kitchen: 1
Price Calculations
Current Price To SqFt: 433.02
Acreage Description
Less Than 1/4 Acre Lot: 1
Less Than 1 Acre Lot: 1
Status Change Information
Major Change Timestamp: 2026-04-09T19:05:12Z
Major Change Type: New Listing
Status Change Date: 2026-04-09
Originating Details
Originating System Key: 20260401152314723741000000
Originating System ID: M00000170
Property Features
Documents Available: Copy Of Lease(s)
Exterior Features: None
Fencing: Fenced
Flooring: Clay; Tile
Foundation Details: Concrete Perimeter; Raised; Slab
Leasing Permitted Details: Okay To Lease
Property Condition: Resale
Special Listing Conditions: Standard
Structure Type: Multi Family; Quadruplex; Triplex
Tenant Pays: Cable TV; Electricity
Source Of Expenses: Owner Provided
Construction Materials: Aluminum Siding; Block; Stucco
Cooling: Ceiling Fan(s); Wall/Window Unit(s)
Heating: Window/Wall
Laundry Features: Electric Dryer Hookup; In Garage; Inside; Washer Hookup
Levels: One
Listing Terms: 1031 Exchange; Cash; Other
Lot Features: Interior Lot
Main Living Area: Other Main Living Area
Pets Allowed YN: Yes
Pets Allowed: No Restrictions
Possession: Close Of Escrow
Restrictions: No Restrictions
Road Frontage Type: City Street; West of US-1
Road Responsibility: Public Maintained Road
Road Surface Type: Paved
Roof: Composition; Shingle
Sewer: Public Sewer
Special Information: Requirements Non Conforming Use
Tax Information: City/County; Tax Reflects No Exemptions
Utilities: Electricity Connected; Sewer Connected; Water Connected
View: Other
Water Access: None
Water Source: Public
Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; Occupied; Schedule Online; Showing Service
Unit 1 Appliances: Range; Refrigerator; Water Softener Owned
Unit 1 Interior Features: Built-in Shelves
Unit 1 Other Equipment: Air Conditioning Unit; Washer/Dryer Hookups
Unit 1 Parking Features: On Street; Open Parking; Parking Space
Unit 1 Rooms: Kitchen
Unit 2 Appliances: Range; Refrigerator
Unit 2 Other Equipment: Air Conditioning Unit
Unit 2 Parking Features: On Street; Open Parking; Parking Space
Unit 2 Rooms: Kitchen
Unit 3 Appliances: Range; Refrigerator
Unit 3 Other Equipment: Air Conditioning Unit
Unit 3 Parking Features: On Street; Open Parking; Parking Space
Unit 3 Rooms: Kitchen
Unit 4 Appliances: Range; Refrigerator
Unit 4 Other Equipment: Air Conditioning Unit
Unit 4 Parking Features: On Street; Open Parking; Parking Space
Unit 4 Rooms: Kitchen
Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot
Supplements
All information pertaining to the property is deemed reliable, but not guaranteed. Information to be verified by the Buyer. Be advised that cameras may exist recording audio and video inside/outside the property, such as ring doorbells. Photos are digitally enhanced and could be altered, please verify.
Lead 
Listing Office: One Sotheby's International Realty
Last Updated: July - 30 - 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.
