Quadruplex in 4537 Coconut Road, Lake Worth, FL 33461 for sale with MLS# B26035010
LAND LAND LAND - Exceptional value-add investment opportunity in the heart of Lake Worth! Situated on an oversized nearly 0.80-acre lot, this income-producing property offers tremendous upside potential for investors, developers, and portfolio builders - Ideal for easy conversion to four Starter houses for young couples. Positioned on one of the area's largest residential parcels, the property provides ample room for future expansion, additional units, or redevelopment opportunities-potentially allowing occupancy to be doubled. All units have an additional "spare or flex" room good for an office or for a kid's room! A unique feature of the property is the existing buried swimming pool, which may be restored and brought back to life, creating additional value and tenant appeal. Adding to the property's long-term desirability, there are currently no future development plans for the lots directly north of the property, helping preserve privacy and open space. Conveniently located near I-95, Palm Beach International Airport, downtown Lake Worth Beach, and major employment centers, this property offers strong rental demand and excellent accessibility. Residents enjoy proximity to beautiful beaches, John Prince Park, golf courses, boating, shopping, dining, and entertainment. Walk to Kennedy Hospital and Broward Community College. Just minutes away, downtown Lake Worth Beach features vibrant restaurants, art galleries, live music venues, breweries, and year-round community events. The nearby Lake Worth Beach Municipal Golf Course, waterfront parks, fishing piers, and Atlantic Ocean beaches provide endless outdoor recreation opportunities. Whether you're seeking immediate cash flow, future redevelopment potential, or a long-term hold in a rapidly growing Palm Beach County market, this property presents a rare opportunity with significant upside.
4537 Coconut Road, Lake Worth, FL 33461
- Price:
- $1,600,000.00
- Original List Price:
- $1,700,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $433.67
- Tenant Pays:
- Electricity, Water, Cable Tv
- Listing Type:
- For Sale
- Status:
- Active
- Special Sale Conditions:
- Standard
- Listing Category:
- Residential Income (Multifamily 2-4)
- Property Type:
- Fourplex (Quadruplex)
- Description of Last Important Update:
- Price Reduced
- Last Major Update on:
- October 5, 2026 3:00 pm
- Other Special Conditions:
- Sold As-is
- Living Area:
- 3,920 Sqft
- Built-Up Area:
- 3,920 Sqft
- Lot Area:
- 34,650 Sqft
- Building Area Source:
- Other
- Living Area Source:
- Public Records
- Lot Features:
- Oversized Lot, Room For Pool, Sidewalks
- Lot Size Acres:
- 0.7955
- Waterfront:
- No
- Private Pool
- Swimming Pool Features:
- Concrete, Gunite
- Exterior:
- Courtyard, None
- Patio and Porch:
- Patio, Patio - Open
- Air Conditioning
- Air Conditioning System:
- Central Air
- Heating
- Heating System:
- Central
- Road Responsibility:
- Public Maintained Road
- Storm Protection Accordian Shutters:
- Partial
- Year Built:
- 1979
- Roof:
- Composition
- Number of Units Total:
- 4
- Levels:
- One
- Construction Materials:
- Concrete Block - With Stucco
- Flooring:
- Tile
- Number of stories:
- 1
- Structure Type:
- Fourplex (Quadruplex), Multi Family
- Number of Units in the Community or Building:
- 4
- Stories:
- 1
- Road Frontage Type:
- City Street
- Foundation Details:
- Slab
- Flood Zone Code:
- X
- Property Condition:
- Resale
- Tax Annual Amount:
- $13,715.78
- Tax Year:
- 2025
- Tax Assessed Value:
- $624,029.00
- Property Tax Details:
- No Homestead
- Sewer:
- Septic Tank
- Electric:
- 150 Amp Service
- Utilities Available:
- Electricity Available, Water Available
- Water Source:
- Public
- Pets Allowed?:
- Yes, No Restrictions, Pet Restrictions Possible
- Subdivision Name:
- PALM BEACH FARMS CO 7
- Senior Community:
- No
- Restrictions:
- No Restrictions
- Leasing Permitted
- Leasing Permitted Details:
- Okay To Lease
- Documents Available:
- Rent Rolls, Copy Of Lease(s), Deposit Held, Service Contracts
- Listing Terms Considered by Seller:
- Cash, Conventional, FHA, VA Loan, Private Financing Available, USDA Loan, 1031 Exchange
- Buyer Possession:
- Close Of Escrow
- Tax Legal Description:
- PALM BEACH FARMS CO PL 7 LT B (LESS NLY 26.14 FT) BLK 75
- Real Estate Folio Number (Parcel Number):
- 00434430010750010
- Zoning:
- RM
- Elementary School:
- Addison Mizner
- High School:
- Lake Worth
- Middle Or Junior School:
- Tradewinds
- Active on the market since:
- October 5, 2026
- Listing Agreement executed on:
- May 31, 2026
- Price change occurred on:
- October 5, 2026 3:00 pm
- Listing Status Last Changed On:
- October 5, 2026 2:59 pm
- Photos updated on:
- July 6, 2026 4:31 pm
- Last Modified:
- October 5, 2026 3:01 pm
- Courtesy of:
- Three Palms Realty
- Attribution:
- Not provided
- Road Surface Type:
- Paved, Asphalt
- Street Name:
- Coconut
- Street Number:
- 4537
- City:
- Lake Worth
- State:
- Florida
- Zip Code:
- 33461
- County:
- Palm Beach
- Latitude:
- N26° 36' 35.4''
- Longitude:
- W81° 53' 59.6''
- Street Suffix:
- Road
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Ver la propiedad 4537 Coconut Road, Lake Worth, FL 33461
