Date
Details
Price
Change
Source
2/19/2026
Listed
$1,960,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$1,960,000
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Property Description
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.
Full Property Details
Full Property Details for 409 4th Ave N
General
- Price: $1,960,000
- Taxes: $29,978 (2025)
- Status: Active
- Type: Multi-Family
- Source: Greater_Miami
- MLS ID: A11968957
- Updated: 2/20/2026
- Added to Site: 47 day(s) ago
Rental Information
- Rent Includes: Water
Interior
- Flooring: Ceramic Floor
Parking
- Total Spaces: 8
Location
- Area: Lake Worth Town Of
- County: Palm Beach County
- Subdivision: LAKE WORTH TOWN OF
- Building Name: LAKE WORTH TOWN OF
Community
- Community Name: Lake Worth Town Of
- Units Assoc/Comm: 4
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
Structural Information
- Architectural Style: Detached
- Structure Type: Quadruplex, Fourplex
- Detached/Attached: Detached
- Construction: CBS Construction
- Roof: Shingle
- Stories/Levels: 2
- Building Size: 6100
- Square Feet: 6,100
- Living Area: 6,100 Sq. Ft.
- Year Built: 1968
Unit Information
- Units in Complex: 4
Lot Features
- Lot Features: Less Than 1/4 Acre Lot
- Zoning: MU-E (ci
Financial Considerations
- Price Per Sq. Ft.: $321.31
- Tax Amount: $29,978
- Tax Year: 2025
- Terms: Conventional
Disclosures and Reports
- Documents Avail.: Copy Of Lease(S), Rent Rolls
- Legal Description: TOWN OF LAKE WORTH LT 8 BLK 94
- Property ID: 38434421150940080
Listed by BAWONS Properties, Inc
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Listing agent
— 409 4th Ave N —
BAWONS Properties, Inc
wendy.pierre@bawons.com
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 409 4th Ave N
School District:Palm Beach County School District
| Name | Grades | Distance |
|---|---|---|
North Grade Elementary School 824 N K St, Lake Worth Beach, FL 33460 | K-8 | 0.4 mi |
Lake Worth High School 1701 Lake Worth Rd, Lake Worth Beach, FL 33460 | 9-12 | 0.9 mi |
Lake Worth Community Middle School 1300 Barnett Dr, Lake Worth Beach, FL 33461 | 6-8 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 409 4th Ave N
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409 4th Ave N, Lake Worth, FL 33460 (MLS# A11968957) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 409 4th Ave N is currently listed for $1,960,000 and was received on February 19, 2026. Want to learn more about 409 4th Ave N? Do you have questions about finding other Multi-Family real estate for sale in Lake Worth? You can browse all Lake Worth real estate or contact a Coldwell Banker agent to request more information.