Quadruplex in 131 S FEDERAL Highway, Lake Worth Beach, FL 33460 for sale with MLS# B26053891
Federal Flats in Lake Worth Beach is a renovated 5-unit multifamily property featuring three studio apartments, one 1-bedroom/1-bathroom unit, and one spacious 3-bedroom/1-bathroom unit. The property is currently generating $9,150 in gross monthly rental income, with one studio vacant and additional income available upon lease-up. Conveniently located near downtown Lake Worth Beach, the Intracoastal Waterway, and the beach, Federal Flats offers immediate cash flow with further upside through stabilization and future rent growth.
131 S FEDERAL Highway, Lake Worth Beach, FL 33460
Price
- Price:
- $1,425,000.00
- Original List Price:
- $1,500,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $482.00
Lease Details
- Tenant Pays:
- Electricity, Cable Tv
Property Status and Type
- 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:
- September 24, 2026 8:10 pm
- Other Special Conditions:
- Presently Leased
Measures
- Living Area:
- 3,112 Sqft
- Built-Up Area:
- 3,112 Sqft
- Lot Area:
- 13,520 Sqft
- Building Area Source:
- Owner
- Living Area Source:
- Owner
- Lot Size Acres:
- 0.31
Property Features
- Waterfront:
- No
- Windows:
- Blinds
- Other Structures:
- Other
- Heating
- Heating System:
- Central
- Road Responsibility:
- Public Maintained Road
Construction
- Year Built:
- 1924
- Roof:
- Metal
- Number of Units Total:
- 4
- Levels:
- One
- Construction Materials:
- Frame
- Flooring:
- Wood
- Number of stories:
- 1
- Structure Type:
- Fourplex (Quadruplex), Multi Family
- Number of Units in the Community or Building:
- 4
- Road Frontage Type:
- East of US-1
- Flood Zone Code:
- X
- Property Condition:
- Resale, Updated/remodeled
Taxes and Expenses
- Tax Annual Amount:
- $19,428.05
- Tax Year:
- 2025
- Tax Assessed Value:
- $772,580.00
- Property Tax Details:
- City/County
Utilities
- Sewer:
- Public Sewer
- Utilities Available:
- Cable Available, Electricity Connected, Sewer Connected, Water Connected
- Water Source:
- Public
Community
- Membership Details:
- No Membership Available
- Pets Allowed?:
- Yes, No Restrictions
- Subdivision Name:
- LAKE WORTH TOWN OF
- Senior Community:
- No
- Restrictions:
- See Remarks
- Leasing Permitted
- Leasing Permitted Details:
- Okay To Lease
Terms
- Documents Available:
- Other
- Listing Terms Considered by Seller:
- Cash, Conventional, FHA
- Buyer Possession:
- Close Of Escrow
Zoning and Legal
- Tax Legal Description:
- TOWN OF LAKE WORTH LTS 15 & 16 BLK 43
- Real Estate Folio Number (Parcel Number):
- 38434421150430150
- Zoning:
- MU-E (city)
Public Schools Assigned
- Elementary School:
- Fairlawn (miami-dade)
- High School:
- Lake Worth
- Middle Or Junior School:
- Lake Worth
Listing History
- Active on the market since:
- July 18, 2026
- Listing Agreement executed on:
- July 18, 2026
- Price change occurred on:
- September 24, 2026 8:10 pm
- Listing Status Last Changed On:
- July 18, 2026 4:18 pm
- Photos updated on:
- July 18, 2026 4:18 pm
- Last Modified:
- October 13, 2026 6:44 pm
Additional Information
- Courtesy of:
- Home Sold Realty LLC
- Attribution:
- Not provided
- Road Surface Type:
- Asphalt
Location
- Street Name:
- FEDERAL
- Street Number:
- 131
- City:
- Lake Worth Beach
- State:
- Florida
- Zip Code:
- 33460
- County:
- Palm Beach
- Latitude:
- N26° 36' 48.7''
- Longitude:
- W81° 56' 50''
- Street Suffix:
- Highway
- Street Direction Prefix:
- S
Property Map
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Median Household Income
$61,702
Median Home Value
$333,200
Median Rent
$1,411/mo
Median Age
36
Population
36,934
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