Duplex in 923 N FEDERAL Highway, Lake Worth Beach, FL 33460 for sale with MLS# B26096155

Excellent Income-Producing Investment Opportunity with Room to Increase Rents! Legal duplex property featuring 3 separate rental units, including two charming 1-bedroom, 1-bathroom cottages and an additional studio unit. Currently generating steady rental income, with the two 1-bedroom units renting for $1,500 and $1,350 per month, and the studio renting for $1,350 per month, for a total monthly rental income of $4,200 ($50,400 annually). There is additional potential to increase rents and maximize your return on investment! The property features frame construction, freshly painted interiors and exteriors, and a roof in good condition. Each unit offers comfortable living spaces with plenty of charm. Additional highlights include separate water and electric meters, on-site laundry

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923 N FEDERAL Highway, Lake Worth Beach, FL 33460

Price
Price:
$449,000.00
Original List Price:
$449,000.00
List Price per Sq Ft (Calculated, Approx.):
$758.44
Lease Details
Tenant Pays:
Electricity, Repairs, 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:
Duplex
Description of Last Important Update:
New Listing
Last Major Update on:
November 3, 2026 11:40 pm
Other Special Conditions:
Sold As-is
Measures
Living Area:
592 Sqft
Built-Up Area:
964 Sqft
Lot Area:
6,752 Sqft
Lot Size Dimensions and Info:
0.1550 ACRES
Building Area Source:
Public Records
Living Area Source:
Appraiser
Lot Size Acres:
0.16
Property Features
View from the Property:
Other
Waterfront:
No
Exterior:
Courtyard
Other Structures:
Outbuilding
Laundry:
Common Area
Air Conditioning
Air Conditioning System:
Ceiling Fan(s), Wall/window Unit(s)
Heating
Heating System:
Other
Road Responsibility:
Public Maintained Road
Construction
Year Built:
1925
Roof:
Composition
Number of Units Total:
4
Levels:
Two
Construction Materials:
Frame
Flooring:
Tile
Number of stories:
1
Structure Type:
Duplex
Number of Units in the Community or Building:
2
Stories:
1
Road Frontage Type:
City Street
Flood Zone Code:
X
Property Condition:
Resale
Taxes and Expenses
Tax Annual Amount:
$5,959.88
Tax Year:
2025
Tax Assessed Value:
$217,348.00
Property Tax Details:
City/County
Utilities
Sewer:
Public Sewer
Electric:
Three Phase
Utilities Available:
Cable Available, Electricity Available, Water Available, Sewer Connected
Water Source:
Public
Community
Pets Allowed?:
Yes, No Restrictions
Subdivision Name:
LAKE WORTH TOWN OF
Senior Community:
No
Restrictions:
No Restrictions
Leasing Permitted
Leasing Permitted Details:
Okay To Lease
Terms
Listing Terms Considered by Seller:
Cash, Conventional, FHA
Buyer Possession:
Close Of Escrow
Negotiable Seller Concessions
Zoning and Legal
Tax Legal Description:
TOWN OF LAKE WORTH LT 11 BLK 286
Real Estate Folio Number (Parcel Number):
38434421152860110
Zoning:
MU-FH (city)
Public Schools Assigned
Elementary School:
Oakland Park
High School:
Lake Worth
Middle Or Junior School:
Lake Worth
Listing History
Active on the market since:
November 3, 2026
Listing Agreement executed on:
November 3, 2026
Listing Status Last Changed On:
November 3, 2026 11:40 pm
Photos updated on:
November 3, 2026 11:40 pm
Last Modified:
November 4, 2026 10:45 pm
Additional Information
Courtesy of:
Paradise Real Estate Intl
Attribution:
Not provided
Road Surface Type:
Alley Paved
Location
Street Name:
FEDERAL
Street Number:
923
City:
Lake Worth Beach
State:
Florida
Zip Code:
33460
County:
Palm Beach
Latitude:
N26° 37' 37.3''
Longitude:
W81° 56' 51.7''
Street Suffix:
Highway
Street Direction Prefix:
N
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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Association of REALTORS®
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