Multifamily in 202 Lucerne Ave 1-14 Lake Worth for sale with MLS# A12001661
Well-located 14-unit multifamily property in the heart of downtown Lake Worth Beach at 202 Lucerne Avenue. The asset consists of thirteen 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, all featuring central A/C, private balconies, and ample natural light, along with an on-site laundry facility for additional income. Built in 1974 with concrete block construction and a stucco exterior, the property is currently operated as annual rentals and also holds a valuable transitory license, allowing for potential conversion to short-term rentals and increased revenue. Positioned just steps from Lake Avenue, the property offers exceptional walkability to dining, retail, and entertainment, and is located just minutes from the Intracoastal Waterway, Lake Worth Beach Park, and JFK Medical Center. Strong in-place income with clear upside through rental growth and operational improvements in a highly active and improving downtown submarket supported by ongoing redevelopment and long-term demand drivers.
202 Lucerne Ave 1-14, Lake Worth, FL 33460
- Price:
- $2,950,000.00
- Previous Asking Price:
- $2,980,000.00
- Original List Price:
- $2,980,000.00
- Lease Term:
- 36 Months
- Lease Terms / Move In Requirements:
- 1–3 Year Lease
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Commercial Sale
- Property Type:
- Multifamily
- MLS Number:
- A12001661
- Description of Last Important Update:
- Price Change
- Last Major Update on:
- May 29, 2026 2:51 pm
- Built-Up Area:
- 9,320 Sqft
- Lot Area:
- 13,505 Sqft
- Lot Size Unit:
- Square Feet
- Lot Size Acres:
- 0.31
- Waterfront:
- No
- Air Conditioning
- Air Conditioning System:
- Central Air
- Heating
- Heating System:
- Central
- Year Built:
- 1974
- Roof:
- Built-up
- Number of Buildings:
- 1
- Number of Units Total:
- 14
- Levels:
- Two
- Construction Materials:
- Block
- Structure Type:
- Apartment
- Stories:
- 2
- Tax Annual Amount:
- $52,941.00
- Tax Year:
- 2025
- Covered Spaces:
- 0
- Sewer:
- Public Sewer
- Water Source:
- Public
- Senior Community:
- No
- Listing Terms Considered by Seller:
- Cash, Conventional, Other
- Occupant Type:
- Call Agent
- Tax Legal Description:
- TOWN OF LAKE WORTH LTS 15 & 16 BLK 30
- Real Estate Folio Number (Parcel Number):
- 38434421150300150
- Zoning Description:
- DT (city
- Originally published on:
- May 2, 2026 11:20 pm
- Active on the market since:
- May 2, 2026
- Price change occurred on:
- May 29, 2026 2:51 pm
- Listing Status Last Changed On:
- May 2, 2026 11:20 pm
- Photos updated on:
- May 3, 2026 3:29 am
- Last Modified:
- May 29, 2026 6:51 pm
- Flood Zone:
- AE
- Municipal Code:
- 38
- Subdivision Number:
- 15
- Courtesy of:
- Fausto Commercial Realty Consultants Inc
- Attribution:
- Not provided
- Street Name:
- Lucerne Ave
- Street Number:
- 202
- Unit Number:
- 1-14
- City:
- Lake Worth
- State:
- Florida
- Zip Code:
- 33460
- County:
- Palm Beach
- Latitude:
- N26° 36' 60''
- Longitude:
- W81° 56' 57.5''
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
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