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, inc
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:February 24, 2026 at 08:34 AM
Rooms and interior
- Living area:3,305 sq. ft.
Heating and cooling
- Cooling:Central Air, Wall/Window Units
- Heating:Central, Wall Furnace
Structure and exterior
- Roof:Built-Up, Flat, Tar/Gravel
- Year built:1925
- Building area:3,305 sq. ft.
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,120,000
- Price per sq. ft.:$331.46
- Tax amount:$12,884 (2025)
New listings near 501 N K St
- New
$117,000Active2 beds 2 baths1,002 sq. ft.705 Lori Dr Drive #216, Palm Springs, FL 33461
MLS# R11165979Listed by: PAVON REALTY GROUP, LLC - New
$425,000Active3 beds 2 baths1,335 sq. ft.4356 Carver Street, Palm Springs, FL 33461
MLS# R11166074Listed by: COMPASS FLORIDA LLC - New
$147,500Active2 beds 1 baths820 sq. ft.2840 Lake Osborne Drive #111, Palm Springs, FL 33461
MLS# R11166107Listed by: WOOLF REALTY INC. - New
$320,000Active3 beds 2 baths1,646 sq. ft.4310 S Landar Drive, Lake Worth, FL 33463
MLS# R11166167Listed by: COLDWELL BANKER REALTY - New
$525,000Active3 beds 2 baths1,242 sq. ft.1674 Roy Drive, West Palm Beach, FL 33415
MLS# R11166169Listed by: FIDELITY PROFESSIONAL REALTY - Open Sat, 11am to 1pmNew
$950,000Active2 beds 4 baths1,805 sq. ft.151 Duke Drive, Lake Worth Beach, FL 33460
MLS# R11166050Listed by: KW INNOVATIONS - New
$129,999Active2 beds 1 baths829 sq. ft.2965 Crosley Drive W #B, West Palm Beach, FL 33415
MLS# R11166029Listed by: UNITED REALTY GROUP, INC - New
$259,900Active2 beds 3 baths1,374 sq. ft.8146 Bridgewater Court #46d, West Palm Beach, FL 33406
MLS# R11166004Listed by: FLORIDA PROFESSIONAL R.E. - New
$124,900Active1 beds 1 baths780 sq. ft.3487 La Palmas Court #A-1, Greenacres, FL 33463
MLS# R11166011Listed by: UNITED REALTY GROUP INC. - New
$570,000Active3 beds 3 baths1,909 sq. ft.4772 San Fratello Circle, Lake Worth, FL 33467
MLS# R11165941Listed by: KELLER WILLIAMS REALTY BOCA RATON