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Eight-Villa Apartment Property
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231 S Palmway, Lake Worth, FL 33460

Gated multifamily property with private gardens, a shared courtyard, and an income-producing studio unit.

Property SizeContact for details
Days on Market145

Property Features for 231 S Palmway

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 9

Amenities

pavilion
Listing Agency: ONE Commercial Real Estate
Listed By: Alexis Shapiro · License #3346131
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 9:54AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ONE Commercial Real Estate

Investment Insights

Based on property information with market context.

The property at 231 S Palmway comprises eight private villas and an additional studio unit across two parcels. Each villa has dual entrances and private garden areas, while the property includes a landscaped courtyard with a tenant pavilion. Interior character combines contemporary elements with original Miami-Dade pine flooring.

The property is in downtown Lake Worth Beach, two blocks from Lake Avenue and a short mile from the beaches. Its setting also places it within an area described as experiencing new shopping centers, luxury condominiums, road and sidewalk improvements, and expanded downtown mixed-use urban zoning.

Key Highlights

  • Eight private villas plus one income‑producing studio unit
  • Property spans two parcels with a landscaped courtyard and tenant pavilion
  • Villa layouts include dual entrances and private garden areas

Property Analytics

Current Use

Dennis Vogt - Rolf ... Alternative Medicine Practice

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Daycare Center Florist Veterinary Clinic Butcher Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9
Residential units

Location Intelligence

Trade Area within ½ mile

1,606
Businesses Nearby

Demographics for 33460, FL

36,409
Population
14,769
Households
2.5
Avg Household Size
36
Median Age
24%
College-Educated
72%
High-School Grad
4.7 sq mi
ZIP Area
7,747
Density / Sq Mi
$61,702
Median Household Income
$32,388
Median Earnings
$1,411
Median Rent
$333,200
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Gated multifamily property with private gardens, a shared courtyard, and an income-producing studio unit.
Where is this apartment building located?
The property is located at 231 S Palmway Lake Worth, FL.
What are key features of this property?
This property features: Eight private villas plus one income‑producing studio unit; Property spans two parcels with a landscaped courtyard and tenant pavilion; Villa layouts include dual entrances and private garden areas
(305) 666-0562 Call to check price and availability
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