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.
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.
Property Details
Price:
$1,120,000
MLS #:
A11968882
Status:
Pending
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
LAKE WORTH TOWN OF
Neighborhood:
lakeworthtownof
Listed Date:
Feb 19, 2026
Finished Sq Ft:
3,305
Total Sq Ft:
3,379
Year Built:
1925
See this Listing
Schools
Interior
Cooling
Central Air, Wall/Window Unit(s)
Flooring
Concrete, Wood
Heating
Central, Window/Wall
Exterior
Architectural Style
Detached, Other
Construction Materials
Frame With Stucco
Parking Spots
4
Roof
Built-Up, Flat Roof With Facade Front, Tar & Gravel Roof
Financial
Tax Year
2025
Taxes
$12,884
Map
Community
- Address501 N K St Lake Worth FL
- SubdivisionLAKE WORTH TOWN OF
- CityLake Worth
- CountyPalm Beach County
- Zip Code33460
Market Summary
Current real estate data for Multi Family in Lake Worth as of Mar 13, 2026
10
Multi Family Listed
46
Avg DOM
384
Avg $ / SqFt
$1,687,000
Avg List Price
Property Summary
- Located in the LAKE WORTH TOWN OF subdivision, 501 N K St Lake Worth FL is a Multi Family for sale in Lake Worth, FL, 33460. It is listed for $1,120,000
Similar Listings Nearby
501 N K St
Lake Worth, FL