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309 S Palmway Lake Worth, FL $ 2,000,000
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$ 2,000,000 Get more info
309 S Palmway
$ 2,000,000
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309 S Palmway

Lake Worth, FL, 33460
$ 2,000,000
Bedrooms1 Baths1.0 Sq 4,032

Monthly Estimate*

$ 13,814

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Multi-Family Home for sale in Lake Worth, FL

for $2,000,000 with 1 bedroom and 1 full bath. This 4,032 square foot home was built in 1964.

Kislak is pleased to present 309 South Palmway, an eight-unit multifamily investment opportunity in the highly desirable Bryant Park neighborhood of Lake Worth Beach, Florida. South Palmway is one of Lake Worth Beach’s most sought-after residential streets, prized for its established character, proximity to the Intracoastal Waterway and access to downtown. The property is just one block from Bryant Park and minutes from Downtown Lake Worth Beach and the Atlantic Ocean. The two-story property consists of eight one-bedroom/one-bathroom residences. Recent capital improvements include a new roof, impact-resistant windows and doors, and complete exterior painting. Amenities include private patios and storage sheds for the four first-floor residences, a detached CBS laundry building with coin-operated washer and dryer, and nine designated, lighted on-site parking spaces. The offering provides investors an opportunity to acquire a well-maintained multifamily asset with significant rental upside. Current rents range from $1,400 to $1,615 per month, compared with projected market rents of $1,800 per unit, representing approximately $29,520 in potential additional annual base rental income. The property's premier South Palmway location, recent improvements and rental upside present a compelling investment opportunity in one of Palm Beach County's desirable coastal markets.

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Multi-Family Active

Price

$ 2,000,000

Bedrooms

1

Full Bath

1

Property Type

Multi-Family

Taxes

$ 25,132

Style

Year Built

1964

Town/City

Lake Worth

County/Region

Palm Beach

MLS | Web ID

A12116601
Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Cable Available
Possession Close Of Escrow
Roof Flat
Architectural Style Fourplex
Pool Features None
Construction Materials Block
Year Built 1964
Stories Count 2
Levels Two
Property Subtype Quadruplex
Tax Year 2026
County Palm Beach
Property Type Residential Income
Subdivision Name LAKE WORTH TOWN OF
Rent Includes Gardener Hot Water Pest Control Sewer Trash Collection Water
Full Baths 1
Status Active
City Lake Worth
Zoning Description MF-20 (c
Number Of Units Total 8
MLS Area 5560
Lot Size Units Square Feet
Listing Terms Cash Conventional
Year Built Details Effective Year Built
Tax Annual Amount 25132
MLS Area Minor Palm Beach 5660; 5690; 5720; 5750; 5780
Standard Status Active
Occupancy Type Tenant
Property Sub Type Additional Quadruplex
Legal Description TOWN OF LAKE WORTH LT 11 BLK 105
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Interior
Flooring Laminate Tile
Air Conditioning Y/N true
Heating Y/N true
Half Baths 0
Total Bedrooms 1
Total Baths 0
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Exterior
Lot Features Flood Zone < 1/4 Acre
Total Parking 9
Building Area Total 4032
Waterfront Y/N false
Covered Spaces 0
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* Excluded Features
List By
J.I. Kislak Realty Corp

Broker

ashapiro@onecommercialre.com

Email

Affordability Calculator

$15,908
Per Month
87%
13%
0%
Monthly Principal & Interest
$13,814
Monthly Property Taxes
$2,094
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
11/3/2026 $2,000,000 Listed Price

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309 S Palmway, Lake Worth, FL, 33460 is a Multi-Family Home for sale at $2,000,000 with 4,032 sqft. 309 S Palmway has 1 bedrooms, 1.0 baths, and was built in 1964. The property's zip code is 33460 which is in Lake Worth, FL

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