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561-440-0777
Keller Williams Realty - Wellington
309 S Palmway, Lake Worth, FL 33460
- $2,000,000
- 4,032
- SqFt
- List Price
- $2,000,000
- Days on Market
- 2
- MLS#
- A12116601
- Sq. Ft
- 4,032
- Subtype
- Quadruplex
- County
- Palm Beach
- Subdivision
- Lake Worth Town Of
- Year Built
- 1964
Property Description
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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Additional Information
- Construction
- Block
- Cooling
- Central Air
- Flooring
- Laminate, Tile
- Heating
- Central, Separate Meters
- Roof
- Flat
- Taxes
- $25,132
- Utilities
- Cable Available
- Stories
- 2
- Price Per Sqft
- $496
- Elementary School
- South Grade
- Middle School
- Lake Worth
- High School
- Lake Worth
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Listing courtesy of J.I. Kislak Realty Corp. Contact:
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2026 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 Beaches Multiple Listing Service, Inc. All rights reserved.
Agent: Alexis Shapiro | Email: ashapiro@onecommercialre.com