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Apartment Complex with On-Site Laundry
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4655 Wellman Trail, Lake Worth, FL 33463

Three-building rental property with coin-operated laundry facilities and additional expansion capacity.

Property SizeContact for details
Lot Size2.91 Acres
Days on Market146

Property Features for 4655 Wellman Trail

General Information

Standard status Active
Lot size 2.91 Acres
Property subtype Multifamily

Units

Unit Mix 12 x 1BR/1BA, 10 x 2BR/2BA, 2 x 2BR/2BA
Multifamily Units 24

Additional Details

Highway Access Yes

Amenities

on-site laundry

Building Details

Buildings 3
Listing Agency: Coldwell Banker Commercial Paradise Vero Beach
Listed By: Linda Gonzalez · License #FL 3268742
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 29 at 1:22PM

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 Coldwell Banker Commercial Paradise Vero Beach

Investment Insights

Based on property information with market context.

This apartment property comprises three buildings developed in phases, with the original structure completed in 1980 and two additional buildings added in 1987. The 2.91-acre complex includes 12 one-bedroom, one-bath apartments and 10 two-bedroom, two-bath apartments, plus 2 additional two-bedroom, two-bath units. Each building has its own laundry facility equipped with coin-operated machines, providing tenant convenience and an additional income source. The site also has room for 4 more apartments.

The property is in central Palm Beach County near the Greenacres area and is within walking distance of shopping. The surrounding area is described as densely populated, with access to downtown Palm Beach, the Intracoastal Waterway, and interstate highways. The three-building layout, established construction dates, apartment mix, and on-site laundry amenities create a clearly defined multifamily configuration.

Key Highlights

  • 2.91‑acre three‑building apartment complex
  • 12 one‑bedroom/one‑bath units and 10 two‑bedroom/two‑bath units
  • 2 additional two‑bedroom/two‑bath units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Daycare Center Cafe & Coffee Shop (Bike/Boat/Book/etc) Store

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

24
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

383
Businesses Nearby

Demographics for 33463, FL

64,608
Population
22,696
Households
2.8
Avg Household Size
37
Median Age
25%
College-Educated
82%
High-School Grad
10.8 sq mi
ZIP Area
5,982
Density / Sq Mi
$68,697
Median Household Income
$34,846
Median Earnings
$1,721
Median Rent
$326,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Apartment building - Three-building rental property with coin-operated laundry facilities and additional expansion capacity.
Where is this apartment building located?
The property is located at 4655 Wellman Trail Lake Worth, FL.
What are key features of this property?
This property features: 2.91‑acre three‑building apartment complex; 12 one‑bedroom/one‑bath units and 10 two‑bedroom/two‑bath units; 2 additional two‑bedroom/two‑bath units
More about this property
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