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.
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.
Property Details
Price:
$1,960,000
MLS #:
A11968957
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
LAKE WORTH TOWN OF
Neighborhood:
lakeworthtownof
Listed Date:
Feb 19, 2026
Finished Sq Ft:
6,100
Total Sq Ft:
6,100
Year Built:
1968
See this Listing
Schools
Interior
Cooling
Central Air
Flooring
Ceramic Floor
Heating
Central
Exterior
Architectural Style
Detached
Construction Materials
CBS Construction
Parking Spots
8
Roof
Shingle
Financial
Tax Year
2025
Taxes
$29,978
Map
Community
- Address409 4th Ave N Lake Worth FL
- SubdivisionLAKE WORTH TOWN OF
- CityLake Worth
- CountyPalm Beach County
- Zip Code33460
Subdivisions in Lake Worth
Market Summary
Current real estate data for Multi Family in Lake Worth as of Mar 13, 2026
10
Multi Family Listed
45
Avg DOM
384
Avg $ / SqFt
$1,687,000
Avg List Price
Property Summary
- Located in the LAKE WORTH TOWN OF subdivision, 409 4th Ave N Lake Worth FL is a Multi Family for sale in Lake Worth, FL, 33460. It is listed for $1,960,000 To schedule a showing of MLS#a11968957 at 409 4th Ave N in Lake Worth, FL, contact your CENTURY 21 Carioti agent at 800-783-8847.
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