501 N K St, Lake Worth, FL 33460
Local realty services provided by:Better Homes and Gardens Real Estate Destinations
Listed by: wendy pierre
Office: bawons properties, inc305-509-8336
MLS#:A11968882
Source:SEFMLS
Price summary
- Price:$1,120,000
- Price per sq. ft.:$331.46
About this home
TURNKEY CASH FLOW IN THE HEART OF DOWNTOWN LAKE WORTH!
Investor-ready and fully renovated, this high-performing multi-unit compound delivers immediate income and long-term upside in one of Lake Worth’s most tenant-friendly locations. Situated on a prime corner lot just a couple blocks from downtown, this property combines strong in-place rents with low operating costs — exactly what today’s investors are chasing.
Property Breakdown:
Two-story triplex:
Ground floor: 1 spacious 3BR/2BA apartment
Second floor: Two 2BR/1BA apartments
Detached 2BR/1BA apartment home on the same parcel
Fully renovated throughout — minimal deferred maintenance
Reliable gross income of $7,950/month
Owner utilities under $400/month — strong expense control
Positioned within walking distance to Lake Worth’s most popular bars, restaurants, and entertainment venues, this property benefits from consistent rental demand. Easy access to major job centers, schools, the beach, and the Town of Palm Beach makes it even more attractive to tenants.
Why Investors Love This Asset:
Immediate, proven cash flow
Renovated units = reduced capex risk
Desirable unit mix
Corner lot with strong rental appeal
Low operating expenses relative to income
Prime walkable downtown location
Turnkey. Stabilized. Cash flowing. Renovated Properties with proven track record like this in Downtown Lake Worth are rare....
Contact an agent
Home facts
- Year built:1925
- Listing ID #:A11968882
- Updated:April 11, 2026 at 07:34 AM
Rooms and interior
- Flooring:Concrete, Hardwood, Wood
- Living area:3,305 sq. ft.
Heating and cooling
- Cooling:Central Air, Wall/Window Units
- Heating:Central, Wall Furnace
- Central air:Yes
Structure and exterior
- Roof:Built-Up, Flat, Tar/Gravel
- Year built:1925
- Building area:3,305 sq. ft.
- Lot Features:< 1/4 Acre
- Architectural Style:Fourplex
- Construction Materials:Frame, Stucco
- Levels:2 Story
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,120,000
- Price per sq. ft.:$331.46
- Tax amount:$12,884 (2025)
Parking
- Total parking spaces:4
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