202 Lucerne Ave # 14, Lake Worth FL 33460 | Palm Beach County | A12001661
- $2,950,000
- Income/MultiFamily
- Sq Ft
- $2,950,000
Description
Well-located 14-unit multifamily property in the heart of downtown Lake Worth Beach at 202 Lucerne Avenue. The asset consists of thirteen 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, all featuring central A/C, private balconies, and ample natural light, along with an on-site laundry facility for additional income. Built in 1974 with concrete block construction and a stucco exterior, the property is currently operated as annual rentals and also holds a valuable transitory license, allowing for potential conversion to short-term rentals and increased revenue. Positioned just steps from Lake Avenue, the property offers exceptional walkability to dining, retail, and entertainment, and is located just minutes from the Intracoastal Waterway, Lake Worth Beach Park, and JFK Medical Center. Strong in-place income with clear upside through rental growth and operational improvements in a highly active and improving downtown submarket supported by ongoing redevelopment and long-term demand drivers.
Property Overview
This property, located at 202 Lucerne Ave #14, Lake Worth, FL 33460, was built in 1974 and is listed at $2,980,000. The bed and bath counts, as well as the square footage, are not specified in the provided data.
The property is situated in Palm Beach County and has the MLS number A12001661. No specific amenities are listed in the provided data.
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Address
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Address: Lucerne Ave
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City: Lake Worth
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State/county: Palm Beach County
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Zip/Postal Code: 33460
Details
Updated on June 20, 2026 at 11:35 pm-
Property ID A12001661
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Price $2,950,000
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Land Area 0.31 Sq Ft
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Year Built 1974
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Type Income/MultiFamily
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Property Status Active, Commercial Sale
Additional details
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Cooling Central Individual A/C
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Annual Tax 52941
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Association No
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Private Pool No
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Listing Terms All Cash, Conventional/Refinance
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Waterfront No
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Total Stories 2
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Heating Central Individual A/C
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Tax Year 2025
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Construction Concrete Block Construction
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Building Area 9320
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Unit Number 1-14
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Flood Zone AE
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New Construction No
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Lot Size (Sq Ft) 13505
Features
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