409 4th Ave N, Lake Worth, FL 33460

Lake Worth
Local realty services provided by:Better Homes and Gardens Real Estate Destinations
409 4th Ave N,Lake Worth, FL 33460
$1,960,000
Virtual Tour
  • - Beds
  • - Baths
  • 6,100 sq. ft.
  • Multi-family
  • Active
Listed by: wendy pierre
Office: bawons properties, inc305-509-8336
MLS#:A11968957
Source:SEFMLS

Price summary

  • Price:$1,960,000
  • Price per sq. ft.:$321.31

About this home

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...

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Home facts

  • Year built:1968
  • Listing ID #:A11968957
  • Updated:April 11, 2026 at 09:57 AM

Rooms and interior

  • Flooring:Ceramic Tile
  • Living area:6,100 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:1968
  • Building area:6,100 sq. ft.
  • Lot Features:< 1/4 Acre
  • Architectural Style:Fourplex
  • Construction Materials:Block
  • Levels:2 Story

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,960,000
  • Price per sq. ft.:$321.31
  • Tax amount:$29,978 (2025)

Parking

  • Total parking spaces:8
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