409 4th Ave N, Lake Worth FL 33460

For sale Days on market 90

LAKE WORTH TOWN OF [ Quadruplex ]

$1,960,000

$321/sq ft

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Overview

Year Built

1968

Sqft

6100

Property Type

Quadruplex

Property 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.

Property Details

MLS#

A11968957

Total Floor in Bldg

Building

LAKE WORTH TOWN OF

Address

409 4th Ave N

City

Lake Worth

State/county

Zip/Postal Code

33460

Area

Lake Worth Town Of

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$29,978

Maint Fee

$--

Tax Year

2025

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