$1,960,000
409 4th Ave N
Lake Worth, FL, 33460
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.
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
Price:
$1,960,000
MLS #:
A11968957
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
LAKE WORTH TOWN OF
Neighborhood:
lakeworthtownof
Listed Date:
Feb 19, 2026
Finished Sq Ft:
6,100
Total Sq Ft:
6,100
Year Built:
1968
Schools
Interior
Cooling
Central Air
Flooring
Ceramic Floor
Heating
Central
Exterior
Architectural Style
Detached
Construction Materials
CBS Construction
Lot Features
Less Than 1/4 Acre Lot
Parking Spots
8
Parking Total
8
Roof
Shingle
Stories
2
Financial
Tax Year
2025
Taxes
$29,978
Mortgage Calculator
Map
Current real estate data for Multi Family in Lake Worth as of Apr 15, 2026
10
Multi Family Listed
79
Avg DOM
382
Avg $ / SqFt
$1,679,000
Avg List Price
Community
- Address409 4th Ave N Lake Worth FL
- SubdivisionLAKE WORTH TOWN OF
- CityLake Worth
- CountyPalm Beach County
- Zip Code33460
Subdivisions in Lake Worth
- ANDALUCIA PUD PLAT,Andalucia
- ARBOURS OF THE PALM BEACH,The Arbours
- BALMORAL COUNTRY CLUB LAC
- BENT PALM APTS CONDO
- BLACKWELL PARK REV PL
- BOATMAN HAMMOCK
- CAPISTARA
- CEDAR CREEK RANCH
- CHARLESTON SHORES
- CITRUS ISLE PUD
- CLOISTERS AT LAKE WORTH
- COLLEGE PARK ADD 5
- COLONY LAKE
- COUNTRYSIDE
- COVERED BRIDGE CONDO
- COVERED BRIDGE CONDO,Covered Bridge
- CYPRESS WOODS 1
- ELAN PALM RESERVE MUPD
- Elan Polo Gardens
- ENCLAVE AT CROWN PARK
- ENCLAVE AT CROWN PARK CON
- ENGLEWOOD MANOR
- FAIRWAY CLUB CONDO
- FIELDS AT GULFSTREAM POLO
- FIELDS AT GULFSTREAM POLO,The Fields
- FLORAL PARK LANTANA
- FLORICANA INC
- FOREST OAKS RESIDENTIAL P
- FOUNTAINS OF PALM BEACH C
- GARDENS OF WILLOW BEND CO
- GARDENS OF WILLOW BEND CO,Willow Bend
- GRANDVIEW AT SPRING LAKES,Grandview
- GREENLAND 5
- HAMLET AT POINCIANA CONDO
- HEATHWOOD RESERVE PUD,Heathwood Reserve
- Heritage Farms
- HOMELAND
- HOVIANNA II APTS CONDO
- HYPOLUXO VILLAGE 2,HYPOLUXO VILLAGE
- JOURNEYS END 2,JOURNEYS END
- LACUNA ATLANTIC NATIONAL
- LAKE CHARLESTON PAR R,Lake Charleston
- LAKE CHARLESTON TR X
- LAKE CHARLESTON TRS T AND
- LAKE CLARKE GARDENS CONDO
- LAKE OSBORNE ESTATES
- LAKE OSBORNE ESTATES 6
- LAKE OSBORNE HEIGHTS
- LAKE WORTH HEIGHTS
- LAKE WORTH TOWN OF
- LAKE WORTH TOWN OF ADD 1
- LAKES OF LANTANA PH 2-B
- LAKESHORE AT THE FOUNTAIN
- LAKESHORE AT THE FOUNTAINS
- LAKEVIEW HEIGHTS ADD 4
- LANTERN KEY
- LEE’S CROSSING
- LUCERNE GREENS CONDO
- LUCERNE POINTE ONE,TWO,TH
- LUCERNE POINTE ONE,TWO,TH,Lucerne Pointe
- LYNX GOLF ESTATES
- MARINER IV CONDO
- MARINER IV CONDO,MARINER IV
- MEADOWGREEN TRAIL
- MODEL LAND CO
- NORTH LAKE WORTH
- PALM BEACH FARMS CO 3
- PALM BEACH FARMS CO 7
- PALM BEACH RANCHES
- PARKVIEW VILLAS CONDO
- POINCIANA LAKES CONDO
- POINCIANA PLACE CONDO 1,2
- POINCIANA PLACE CONDO 1,2,Oxford
- POINCIANA PLACE CONDO A,B
- POLO LEGACY MXPD
- SAN CASTLE 1ST AND 2ND AD
- SOUTH PALM PARK
- SOUTH SEA APTS CONDO
- SPRINGS PL 1
- ST ANDREWS AT BOYNTON B
- ST ANDREWS AT BOYNTON BEA
- Summer Chase/Cypress Woods
- The Lynx Golf Estates
- The Lynx Golf Estates,Lynx Golf Estates
- The Lynx Golf Estates,The Lynx Golf Estate
- TOSCANA ISLES PUD PL
- TOWNE PARK TR E
- VILLAGES OF WINDSOR 3
- WAGNER SUBDIVISION
- WATERWAY CLUB
- WHITEHORSE ESTATES,Farmington
- WINDSONG ESTATES
- WINSTON TRAILS PAR 11 PH
- WINSTON TRAILS PAR 16
- WINSTON TRAILS PAR 2,Winston Trails]
Similar Listings Nearby
Property Summary
- Located in the LAKE WORTH TOWN OF subdivision, 409 4th Ave N Lake Worth FL is a Multi Family for sale in Lake Worth, FL, 33460. It is listed for $1,960,000
409 4th Ave N
Lake Worth, FL