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$1,250,000

  • For Sale
  • Active
  • Multi-Family
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Exceptional investment opportunity in the heart of Lake Worth Beach! This solid 4-unit multifamily at 715 Washington Ave features four spacious 3-bedroom, 1-bath apartments, each with its own washer & dryer, separate water and electric meters, and private entrances. Three units are currently rented at $2,200/month, with one vacant unit; market rent potential is $2,500/month per unit, bringing possible gross annual revenue to $120,000. Units offer bright living spaces, functional kitchens, and a well-maintained layout. Situated on a generous lot with off-street parking, the property is close to schools, shopping, dining, public transit, downtown, and beautiful beaches. With strong rental demand and value-add potential, this is an ideal cash-flowing asset for any investor.

Full Property Details for 715 Washington Ave #1-4

General

  • Price: $1,250,000
  • Taxes: $17,493 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: Regional
  • MLS ID: RX-11115975
  • Updated: 10/6/2025
  • Added to Site: 157 day(s) ago

Interior

  • Flooring: Ceramic Tile

Exterior

  • Exterior Features: None

Location

  • Area: 5640
  • County: Palm Beach
  • Subdivision: Osborne Add Amnd
  • Driving Directions: Take dixie ave to Washington ave.

Community

  • Community Features: None
  • Home Owners Assn.: Mandatory

Heating & Cooling

  • Cooling Type: Central
  • Heating Type: Central Building

Utilities

  • Utility Description: Electric, Public Water
  • Sep. Water Meters: Yes
  • Sep. Elec Meters: Yes

Structural Information

  • Architectural Style: Duplex/Triplex/Quad
  • Description/Design: Quad Plex
  • Construction: Block, Concrete
  • Roof: Composition Shingles
  • Stories in Building: 2
  • Square Feet: 4,528
  • Sq. Ft. Source: Tax Rolls
  • Year Built: 1980

Unit Information

Unit 1

  • Unit Description: A/C Unit, Dryer, Electric Meter, Kitchen, Microwave, Range - Electric, Refrigerator, Washer
  • Square Feet: 1178
  • Bedrooms: 3
  • Parking: None

Unit 2

  • Unit Description: A/C Unit, Dishwasher, Electric Meter, Microwave, Washer
  • Square Feet: 1178
  • Bedrooms: 3
  • Parking: Space Parking

Unit 3

  • Square Feet: 1178
  • Bedrooms: 3
  • Parking: Space Parking

Unit 4

  • Unit Description: A/C Unit, Dryer, Electric Meter, Kitchen, Laundry, Utility, Washer
  • Square Feet: 1178
  • Bedrooms: 3
  • Parking: Space Parking

Lot Features

  • Lot Size (Sq. Ft.): 6,750
  • Lot Size: 50.0 ft x 135.0 ft
  • Zoning: SF-TF-

Water Features

  • Water Front Desc.: None

Financial Considerations

  • Price Per Sq. Ft.: $276.06
  • Tax Amount: $17,493
  • Tax Year: 2024
  • Terms: Cash, Conventional
  • Tenant Pays: Electric, Water

Disclosures and Reports

  • Legal Description: OSBORNE ADD AMND LT 50
  • Restrictions: None
  • APN: 38434434010000500

Listed by KW Innovations

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— 715 Washington Ave #1-4 —

  • KW Innovations

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 715 Washington Ave #1-4

School District:Palm Beach County School District
NameGradesDistance
Barton Elementary School
1700 Barton Rd, Lake Worth Beach, FL 33460
PK-50.6 mi
Lake Worth High School
1701 Lake Worth Rd, Lake Worth Beach, FL 33460
9-121.5 mi
Lantana Middle School
1225 West Drew Street, Lantana, FL 33462
6-81.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 715 Washington Ave #1-4 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/06/2025
Price Reduced
$1,250,000
-3.85%
MLS
8/14/2025
Listed
$1,300,000
61.49%
MLS
8/04/2020
Sold
$805,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 715 Washington Ave #1-4

Year
Property Taxes
Change
Tax Assessment
Change
2025
$18,935
8%
$809,568
16%
2024
$17,492
-10%
$700,721
-18%
2023
$19,415
17%
$851,672
34%
2021
$16,534
-10%
$635,152
-25%
2022
$18,470
12%
$841,976
138%
2021
$16,534
80%
$353,059
11%
2019
$9,188
10%
$317,570
9%
2018
$8,384
45%
$290,517
98%
2017
$5,763
10%
$146,574
10%
2016
$5,237
1%
$133,249
10%
2015
$5,200
9%
$121,135
10%
2014
$4,758
10%
$110,123
10%
2013
$4,316
—
$100,112
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by KW Innovations

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3543 S Ocean Blvd  #103  South Palm Beach, FL 33480

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715 Washington Avenue, Unit #1-4, Lake Worth Beach, FL 33460 (MLS# RX-11115975) is a Multi-Family property with 0 units containing 0 bedrooms and 0 full bathrooms. 715 Washington Avenue, Unit #1-4 is currently listed for $1,250,000 and was received on August 14, 2025. Want to learn more about 715 Washington Avenue, Unit #1-4? Do you have questions about finding other Multi-Family real estate for sale in Lake Worth Beach? You can browse all Lake Worth Beach real estate or contact a Coldwell Banker agent to request more information.

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