Description

RARE VALUE-ADD OPPORTUNITY IN DOWNTOWN LAKE WORTH!

This is the high-upside multifamily deal you’ve been waiting for. Located at 409 4th Ave North, this two-story CBS building sits on a prime corner lot just off Federal Highway and only two blocks from Lucerne Ave, placing it squarely in one of Lake Worth’s strongest rental corridors.

Property Highlights:

8 spacious 2BR/2BA apartments

Below-market rents = immediate value-add potential

Currently collecting $14,000/month with room to grow

Owner utilities under $600/month (includes washers & dryers)

Durable CBS construction with a 2017 gable roof (approx. 30-year service life) Updated plumbing and appliances

Tenants love this walkable downtown pocket with easy access to major employment centers, schools, restaurants, bars, the beach, and the Town of Palm Beach. Strong fundamentals support both rent growth and long-term appreciation.

Why This Deal Stands Out:

Proven income with upside on rents

Major capital items already addressed

Efficient expense profile

Desirable 2BR/2BA unit mix

Quiet Corner lot with great access

True value-add without heavy lift

Stabilized today, scalable tomorrow. Opportunities to reposition an 8-unit this close to Lucerne Ave without major capital expenditure.
These rare value-add assets in Downtown Lake Worth do not last.

Address

Open on Google Maps

Address: 4th Ave N
City: Lake Worth
State/county: Palm Beach County
Zip/Postal Code: 33460
Area: LAKE WORTH TOWN OF

Details

Updated on February 22, 2026 at 4:22 am

Property ID A11968957
Price $1,960,000
Property Size 6100 Square Feet
Year Built 1968
Type Quadruplex
Property Status Residential Income

Additional details

ArchitecturalStyle Detached
BuildingAreaTotal 6100
BuildingAreaUnits Square Feet
BuildingName LAKE WORTH TOWN OF
ConstructionMaterials CBS Construction
ContractStatusChangeDate 2026-02-19
Cooling Central Air
DaysOnMarket 2
DocumentsAvailable Copy Of Lease(S), Rent Rolls
ExpirationDate 2026-06-30
Flooring Ceramic Floor
Heating Central
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 305-509-8336
ListingTerms Conventional
LotFeatures Less Than 1/4 Acre Lot
LotSizeSquareFeet 0
MLSAreaMajor Lake Worth Town Of
MajorChangeTimestamp February 20, 2026 at 01:00am
MajorChangeType New
MlsStatus Active
ModificationTimestamp February 22, 2026 at 01:34am
NumberOfUnitsInCommunity 4
OnMarketDate 2026-02-19
OriginalEntryTimestamp February 20, 2026 at 01:00am
OriginalListPrice 1960000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 38434421150940080
ParkingTotal 8
PhotosChangeTimestamp February 20, 2026 at 03:08am
PhotosCount 14
Possession Funding
PostalCodePlus4 3498
PriceChangeTimestamp February 20, 2026 at 01:00am
PublicSurveyRange 38
PublicSurveySection 21
PublicSurveyTownship 38
RentIncludes Water
Roof Shingle
Sewer Public Sewer
ShowingContactType Agent
ShowingInstructions Call Listing Agent
SourceSystemKey 427226481
StateOrProvince FL
StatusChangeTimestamp February 20, 2026 at 01:00am
Stories 2
StoriesTotal 2
StreetName 4th Ave N
StreetNumber 409
StreetNumberNumeric 409
StructureType Quadruplex, Fourplex
SyndicationRemarks RARE VALUE-ADD OPPORTUNITY IN DOWNTOWN LAKE WORTH! This is the high-upside multifamily deal you’ve been waiting for. Located at 409 4th Ave North, this two-story CBS building sits on a prime corner lot just off Federal Highway and only two blocks from Lucerne Ave, placing it squarely in one of Lake Worth’s strongest rental corridors. Property Highlights: 8 spacious 2BR/2BA apartments Below-market rents = immediate value-add potential Currently collecting $14, 000/month with room to grow Owner utilities under $600/month (includes washers & dryers) Durable CBS construction with a 2017 gable roof (approx. 30-year service life) Updated plumbing and appliances Tenants love this walkable downtown pocket with easy access to major employment centers, schools, restaurants, bars, the beach, and the Town of Palm Beach. Strong fundamentals support both rent growth and long-term appreciation. Why This Deal Stands Out: Proven income with upside on rents Major capital items already addressed Efficient expense profile Desirable 2BR/2BA unit mix Quiet Corner lot with great access True value-add without heavy lift Stabilized today, scalable tomorrow. Opportunities to reposition an 8-unit this close to Lucerne Ave without major capital expenditure. These rare value-add assets in Downtown Lake Worth do not last.
TaxAnnualAmount 29978
TaxLegalDescription TOWN OF LAKE WORTH LT 8 BLK 94
TaxYear 2025
YearBuiltDetails Effective Year Built
Zoning MU-E (ci