1000 W LAKEWOOD Road, West Palm Beach, FL 33405 (MLS# B26071849)

1000 W LAKEWOOD Road, West Palm Beach, FL 33405

$1,475,000

Virtual Tour

https://www.propertypanorama.com/1000-W-LAKEWOOD-Road-West-Palm-Beach-FL-33405/unbranded

Property Type: Residential Income Square Footage: 5,026 Status: Active

Current Price: $1,475,000 List Date: 9/03/2026 Last Modified: 10/13/2026

Overview

Description

Excellent opportunity to acquire Lakewood Flats, a 7-unit multifamily property located at 1000 W Lakewood Road in West Palm Beach. The property consists of 4 buildings totaling 5,026 gross square feet on a 0.31-acre lot. Built between 1926 and 1940, the property features wood-frame construction, pitched composite shingle roofs, and central air conditioning. The desirable unit mix consists of four 2-bedroom/1-bathroom units, one 2-bedroom/2-bathroom unit, and two 3-bedroom/1-bathroom units, providing larger floorplans that appeal to a broad tenant base. Conveniently located near Southern Boulevard, Dixie Highway, and I-95, with easy access to Downtown West Palm Beach, Palm Beach Island, Palm Beach International Airport, Palm Beach Atlantic University, and major employment centers.

Supplements: Lakewood Flats offers investors a boutique, low-density multifamily asset with a strong unit mix in the growing West Palm Beach rental market.

Listing Details MLS# B26071849

General Property Information

Number Of Units Total: 4
Property Sub Type: Quadruplex
Building Area Main: 5026
Building Area Source: Public Records
Living Area Main: 5026
Living Area Source: Public Records
Accessibility Features YN: No
Year Built: 1926
Parking Total: 7
Gated Community YN: No
Lot Size Area: 13500
Lot Size Acres: 0.31
Senior Community YN: No
Stories Total: 2
Pool Private YN: No

Property Features

Documents Available: Investment Analysis Exterior Features: None Flooring: Laminate Leasing Permitted Details: Okay To Lease Property Condition: Resale Special Listing Conditions: Standard Tenant Pays: Cable TV; Electricity; Sewer; Water Source Of Expenses: Owner Provided Construction Materials: Frame Cooling: Wall/Window Unit(s) Heating: Window/Wall Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: No Restrictions Possession: Close Of Escrow Restrictions: No Restrictions Roof: Shingle Sewer: Public Sewer Tax Information: City/County Utilities: Cable Available; Electricity Available; Sewer Available; Water Available Water Source: Public Window Features: Blinds Showing Requirements: 24 Hour Notice; Appointment Only Unit 1 Appliances: Range; Refrigerator Unit 1 Other Equipment: Other Equipment Unit 1 Parking Features: Parking Space Unit 1 Rooms: Kitchen Unit 2 Appliances: Range; Refrigerator Unit 2 Other Equipment: Other Equipment Unit 2 Parking Features: Parking Space Unit 2 Rooms: Kitchen Unit 3 Appliances: Range; Refrigerator Unit 3 Other Equipment: Other Equipment Unit 3 Parking Features: Parking Space Unit 3 Rooms: Kitchen Unit 4 Appliances: Range; Refrigerator Unit 4 Other Equipment: Other Equipment Unit 4 Parking Features: Parking Space Unit 4 Rooms: Kitchen Acreage Description: 1/4 To Less Than 1/2 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 1495000
Owner Phone: 954-245-3494
Negotiable Seller Concessions YN: No
Listing Service: Limited Service
Seller Represented YN: No

Location and Legal

Country: United States
County Or Parish: Palm Beach
Street Number: 1000
Street Direction Prefix: W
Street Name: LAKEWOOD
Street Suffix: Road
Municipality Type: Incorporated
Municipal Code: 74
State Or Province: FL
Postal Code: 33405
Postal Code +4: 3039
Subdivision Name: LAKEVIEW RIDGE
Area: 5430
Geographic Area: PB20
Elementary School: Palmetto (Palm Beach)
Middle Or Junior School: Conniston Community
High School: Forest Hill
Special Assessment YN: No
Parcel Number: 74434404080100360
Subdivision Number: 8
Zoning: SF7 (city)
Flood Zone: X
Directions: Use navigation.
Multiple Offers Accepted: No

Financial Information

Master Association YN: No
Tax Annual Amount: 19640.99
Tax Year: 2025
Tax Legal Description: LAKE VIEW RIDGE LT 36 THRU 41 INC BLK J

Status Change Information

Major Change Timestamp: 2026-10-12T19:36:55Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-10-12T19:36:55Z
Status Change Date: 2026-09-03

More Information

Leasing Permitted Details

Leasing Permitted YN: Yes

Meter Information

Separate Electric Meters YN: Yes
Number Of Separate Electric Meters: 4
Separate Gas Meters YN: No
Separate Water Meters YN: No

Income and Expenses

Annual Total Expense: 69511
Gross Income: 159000
Net Operating Income: 86179

Pet Details

Pet Fee YN: No

Unit 1 Details

Actual Rent: 1795
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 700

Unit 1 Lease Description

Currently Leased YN: No
Occupant Type: Tenant

Unit 1 Parking Details

Carport YN: No
Garage YN: No

Unit 2 Details

Actual Rent: 1895
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 700

Unit 2 Lease Description

Currently Leased YN: No
Occupant Type: Tenant

Unit 2 Parking Details

Carport YN: No
Garage YN: No

Unit 3 Details

Actual Rent: 1760
Baths Full: 2
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 726

Unit 3 Lease Description

Currently Leased YN: No
Occupant Type: Tenant

Unit 3 Parking Details

Carport YN: No
Garage YN: No

Unit 4 Details

Actual Rent: 1925
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 750

Unit 4 Lease Description

Currently Leased YN: No
Occupant Type: Tenant

Unit 4 Parking Details

Carport YN: No
Garage YN: No

Price Calculations

Current Price To SqFt: 297.45

Originating Details

Originating System Key: 20260902202823758347000000
Originating System ID: M00000170

Listing Office: Home Sold Realty LLC

Last Updated: October - 13 - 2026

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