Corner-Lot Fourplex With Mixed-Use
1625 S Federal Hwy Lake Worth, FL 33460
For Sale
$925,000
MULTI_FAMILY - Other - Lake Worth, FL
Property Size1,806 SF
Lot Size0.23 Acres
Price / SF$512.18
Days on Market32
Property Features for 1625 S Federal Hwy
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 4
- Rooms
- Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 4, Bedroom 2
- Parking
- 6
- Security features
- Security
- Exterior features
- Security/High Impact Doors
- Standard status
- Active
- APN
- 38434434040000140
- Size
- 1,806 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- REVISED PL OF BLACKWELL PARK LTS 14 & 16
- Tax Annual Amount
- 13486
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1950
- Floors in Building
- 1
- Flooring type
- Vinyl, Tile
- Building materials
- Block
- Roof type
- Composition
- Architectural style
- Other
Listing Agency:
Elite Sales Group
(305) 554-1544
Listed By:
Daniel Echague · License #3280149
(305) 283-9594
Added: Jun 22
Changed: Jul 18
Last Checked: Jul 23 at 4:06PM
MLS# A11975247
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This corner-lot fourplex features two separate one-story buildings constructed with solid concrete block. The buildings include impact doors and a rolled roof, with replacements completed in 2006. The property contains three studio units and one one-bedroom apartment. Electric is separately metered, and the owner pays water; unit #2 is listed as furnished. All units are currently rented.
The property is located at 1625 S Federal Hwy in Lake Worth, FL 33460. The listing describes it as under a mile to Lantana Road and about 5 minutes to the beach, with proximity to Palm Beach County Park Airport, Lost City Golf Club, a sports complex, and major retailers including Publix, Costco, and The Home Depot.
From a use standpoint, the listing states the site is designated Mixed Use East (MU-E) under the City’s Future Land Use Map, with permitting described as up to 45' maximum height and up to 30 units per acre, subject to zoning and City approval. As presented, the asset may fit an owner-occupant or investor seeking an income-producing property with a mixed-use future land use designation; buyers should verify all information with the City of Lake Worth Beach.
The property is located at 1625 S Federal Hwy in Lake Worth, FL 33460. The listing describes it as under a mile to Lantana Road and about 5 minutes to the beach, with proximity to Palm Beach County Park Airport, Lost City Golf Club, a sports complex, and major retailers including Publix, Costco, and The Home Depot.
From a use standpoint, the listing states the site is designated Mixed Use East (MU-E) under the City’s Future Land Use Map, with permitting described as up to 45' maximum height and up to 30 units per acre, subject to zoning and City approval. As presented, the asset may fit an owner-occupant or investor seeking an income-producing property with a mixed-use future land use designation; buyers should verify all information with the City of Lake Worth Beach.
Key Highlights
- Prime corner‑lot fourplex in Lake Worth Beach with mixed use zoning (MU‑E) and city future land use designation permitting up to 30 units/acre and 45' max height, subject to zoning/approval.
- Two separate one‑story buildings with solid concrete block construction and security/high‑impact doors; rolled roof and exterior replaced in 2006.
- Unit mix: 3 studio units and 1 one‑bedroom apartment; all units are currently rented.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.5k | $25.20 |
| − Vacancy | −$2.5k | −$1.39 |
| EGI | $43.0k | $23.81 |
| − OpEx | −$12.9k | −$7.14 |
| NOI | $30.1k | $16.67 |
1,806 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$430.1K
$376.3K – $501.8K
NOI $30,106 @ 7.0% cap · market cap 3.25%
Second Best
Apartment 5plus
$396.8K
$347.2K – $462.9K
NOI $27,775 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $89,032 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Corner-lot fourplex with three studios and one one-bedroom apartment, on separately metered electric and owner-paid water.
Where is this quadplex located?
The property is located at 1625 S Federal Hwy Lake Worth, FL.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Prime corner‑lot fourplex in Lake Worth Beach with mixed use zoning (MU‑E) and city future land use designation permitting up to 30 units/acre and 45' max height, subject to zoning/approval.; Two separate one‑story buildings with solid concrete block construction and security/high‑impact doors; rolled roof and exterior replaced in 2006.; Unit mix: 3 studio units and 1 one‑bedroom apartment; all units are currently rented.
