Lake Worth Real Estate Search

Lake Worth Multi-Family Properties for Sale

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Newest Lake Worth Multi-Family Homes for Sale

$450,000
B26075263 MLS
INVESTMENT, INCOME & LOCATION — A RARE OPPORTUNITY NEAR THE HEART OF DOWNTOWN LAKE WORTH BEACH! NEW ROOF! Whether you are looking to expand your real estate portfolio, purchase a property with existing rental income, or live in one residence while generating income from the other, this versatile duplex offers an increasingly difficult-to-find combination of location, flexibility & future potential. The property features two separate living units, with one unit currently tenant occupied, creating the opportunity for immediate rental income while preserving multiple options for the next owner. Offering approximately 1,137 Sqft of living with 3 bedrooms and 2 baths in total, this property provides an attractive footprint for an investor or owner-occupant seeking an income-producing property close to Downtown Lake Worth Beach. A major recent improvement is the BRAND-NEW ROOF INSTALLED IN 2026, an important capital upgrade that adds substantial value to the property. The property also offers NO HOA and convenient parking for multiple vehicles directly in front—valuable features for both occupants and rental-property ownership. But what makes this opportunity especially compelling is LOCATION, situated just minutes from the restaurants, cafés, entertainment, shopping, galleries and nightlife of Downtown Lake Worth Beach, the property places its next owner near one of Palm Beach County's most distinctive coastal downtown districts while remaining convenient to the Intracoastal, parks, golf, major roadways and the Atlantic Ocean. And Downtown Lake Worth Beach continues to attract significant attention and investment. The landmark Gulfstream Hotel, originally opened in 1925, is undergoing a major restoration and is being positioned as a Marriott Tribute Portfolio property. Its redevelopment is part of a larger hospitality and residential project at the eastern gateway to downtown—another major investment in the continued evolution of Lake Worth Beach. The downtown district is also benefiting from additional public and private initiatives, including new residential development, cultural and arts projects, infrastructure investment and expanded parking plans. The proposed WMODA cultural arts campus is designed to bring a museum, residential units, artist-oriented spaces and community activities into the downtown area, while additional projects continue to add housing and economic activity. At the same time, the Lake Worth Beach Community Redevelopment Agency is actively promoting the city's growing culinary scene through its "Find Your Flavor, Find It Downtown" initiative, highlighting the restaurants, cafés, entertainment venues and locally owned businesses along and around Lake and Lucerne Avenues. Opportunities combining these characteristics at this price point near a vibrant coastal downtown are increasingly difficult to duplicate. Whether your objective is rental income, portfolio expansion, an owner-occupied investment strategy or long-term ownership in Lake Worth Beach, 17 S D Street deserves serious consideration. Come discover the property—and the investment potential behind the address. Property information, measurements, rental information, permitted use and development possibilities should be independently verified by Buyer. Existing tenancy is subject to applicable lease terms.

17 S D Street, Lake Worth Beach

$575,000
B26066751 MLS
OWNER FINANCING - Available!!! Exceptional Duplex Investment & Development Opportunity in Lake Worth Beach! Situated on two lots totaling approximately 100 feet of frontage on Federal Highway by 135 feet deep, this versatile property offers multiple possibilities for investors, developers, or owner-occupants. The property is currently configured as a duplex featuring a spacious 3-bedroom, 2-bath residence plus a 1-bedroom, 1-bath unit. The property offers an opportunity to maintain the existing income-producing property while exploring additional development potential on the south lot. Zoned MU-FH - Mixed Use Federal Highway, the property offers both multifamily and mixed-use commercial potential. A buyer may consider retaining the existing duplex and developing an additional structure on the adjacent lot, or potentially clearing and redeveloping the site. Previous information indicates the possibility of development of up to approximately 14 units when utilizing applicable affordable-housing incentives, subject to verification and approval by the City of Lake Worth Beach and all applicable governmental authorities. Buyer is encouraged to independently verify zoning, density, permitted uses, setbacks, affordable-housing incentives, and development requirements. Excellent location along the Federal Highway corridor, just minutes from Downtown Lake Worth Beach, Lake Worth Beach and the Atlantic Ocean, the Lake Worth Beach Tri-Rail station, Downtown West Palm Beach, Palm Beach, and Palm Beach International Airport. Convenient access to dining, shopping, entertainment, major roadways, public transportation, and South Florida's coastal lifestyle. Utilities are provided through Lake Worth Beach, with water, sewer, electric, and garbage appearing on one utility bill. Electric service is currently shared between the units. ALL SIZES, DIMENSIONS, DEVELOPMENT POTENTIAL, ZONING INFORMATION, AND PROPERTY INFORMATION ARE APPROXIMATE AND SUBJECT TO INDEPENDENT VERIFICATION BY BUYER.

1302 S FEDERAL Highway, Lake Worth Beach

$459,900
B26046074 MLS
INVESTOR OPPORTUNITY!! Welcome FHA/VA buyers. Have you been thinking of buying an investment property that you can live in and generate income from a second unit? This legally zoned duplex offers just that. Live in the main house and rent out the rear unit or vice versa. This home has a rental history as an Airbnb - $3500 a month average for short-term rental of the rear unit or $1600 a month as an annual rental. Built in 1940, this historic Spanish Mission charmer has been updated in all the right places. It is light and bright with fresh paint inside and out. The main house is a 2-bedroom, 1 bath home that features newly installed luxury vinyl plank floors throughout, crown molding, a woodburning fireplace, central A/C, and a spacious kitchen with loads of storage, quartz counters and stainless appliances. You will love relaxing on the large, screened lanai that looks onto the backyard that is fully fenced for privacy. The rear unit has its own private entrance from the outdoors. It features Saltillo floors throughout, spacious living areas, a walk-in closet, and a full kitchen. The home offers versatile living options. Maintain it as two units for steady cash flow or join the units, creating a spacious single-family home, or use it for multi-generational living, providing family independence with their own living space and kitchen, plus a private entrance. The home also has coveted off-street parking for two vehicles. Hurricane accordion shutters provide peace of mind. And it's NOT in a flood zone! *Taxes reflect only a partial exemption.* Seller open to closing cost credit and/or rate buydown, depending on offer. Everything is close by, including Trader Joe's that just opened around the corner. Hip and artsy downtown Lake Worth Beach with its sidewalk cafes, art galleries, jazz clubs, and specialty shops is one mile away for you to explore. And the beach and boardwalk is just two miles away. You're never at a loss for something to do. Grab your bag and head to the waterfront green market on Saturdays. Or play 18 holes at the waterfront public golf course. Spend the day at the beach where you will find shops, restaurants and a 300' pier where you can fish or just enjoy a leisurely stroll. Explore the Arts District and take in a live glass-blowing demonstration at the Benzaiten Center for Arts or a play at the Lake Worth Playhouse. The city loves its festivals. It hosts many throughout the year, the Street Painting Festival being its signature event, where artists paint the streets, turning downtown into an outdoor art gallery with more than 200 street paintings. Centrally located to Palm Beach International Airport, the Brightline train, and all that West Palm Beach and the glitzy Island of Palm Beach have to offer. This is your chance to own a piece of paradise!

1314 N J Street, Lake Worth Beach

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