New Listing - 02/19/2026
409 4th Ave N, Lake Worth, FL, 33460
1968
Fourplex
6,100 sqft
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.
Status:
Active
Type:
Multi-family
Zoning:
MU-E (ci
Subdivision:
LAKE WORTH TOWN OF
Heating:
Central
Cooling:
Central Air
Parking:
8-car
Est. Taxes:
$29,978
Construction
Block
Utilities
Cable Available
Lot Description:
Item14Acre
Days on Market:
2
Pool:
None
MLS #:
A11968957
Community Info
School Info
Walk Score
Yelp
Listing courtesy of BAWONS Properties, Inc 305-509-8336