131 S FEDERAL Highway, Lake Worth Beach, FL 33460 (MLS# B26053891)

131 S FEDERAL Highway, Lake Worth Beach, FL 33460

$1,500,000

Virtual Tour

https://www.propertypanorama.com/131-S-FEDERAL-Highway-Lake-Worth-Beach-FL-33460/unbranded

Property Type: Residential Income Square Footage: 3,112 Status: Active

Current Price: $1,500,000 List Date: 7/18/2026 Last Modified: 7/18/2026

Overview

Description

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.

Listing Details MLS# B26053891

General Property Information

Number Of Units Total: 4
Property Sub Type: Quadruplex
Building Area Main: 3112
Building Area Source: Owner
Living Area Main: 3112
Living Area Source: Owner
Accessibility Features YN: No
Year Built: 1924
Parking Total: 4
Gated Community YN: No
Lot Size Area: 13520
Lot Size Acres: 0.31
Senior Community YN: No
Stories Total: Yes
Pool Private YN: No
Spa YN: No
LP/Assessed Value: 1.94

Property Features

Documents Available: Other Exterior Features: None Flooring: Wood Leasing Permitted Details: Okay To Lease Property Condition: Resale; Updated/Remodeled Special Listing Conditions: Standard Structure Type: Multi Family; Quadruplex Tenant Pays: Cable TV; Electricity Source Of Expenses: Owner Provided Construction Materials: Frame Cooling: None Heating: Central Levels: One Listing Terms: Cash; Conventional; FHA Membership: No Membership Available Other Equipment: None Other Structures: Other Pets Allowed YN: Yes Pets Allowed: No Restrictions Possession: Close Of Escrow Restrictions: See Remarks Road Frontage Type: East of US-1 Road Responsibility: Public Maintained Road Road Surface Type: Asphalt Roof: Metal Sewer: Public Sewer Special Information: Presently Leased Tax Information: City/County Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected Water Access: None Water Source: Public Window Features: Blinds Showing Requirements: 24 Hour Notice; Call Owner 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: Open Parking; Other Unit 2 Rooms: Kitchen Unit 3 Appliances: Range; Refrigerator Unit 3 Other Equipment: Other Equipment Unit 3 Parking Features: Open Parking Unit 3 Rooms: Kitchen Unit 4 Appliances: Range; Refrigerator Unit 4 Other Equipment: Other Equipment Unit 4 Parking Features: Open Parking 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: 1500000
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: 131
Street Direction Prefix: S
Street Name: FEDERAL
Street Suffix: Highway
Municipality Type: Incorporated
Municipal Code: 38
State Or Province: FL
Postal Code: 33460
Postal Code +4: 4286
Subdivision Name: LAKE WORTH TOWN OF
Area: 5610
Geographic Area: PB16
Elementary School: South Grade
Middle Or Junior School: Lake Worth
High School: Lake Worth
Special Assessment YN: No
Parcel Number: 38434421150430150
Subdivision Number: 15
Zoning: MU-E (city)
Flood Zone: X
Directions: Use Navigation
Multiple Offers Accepted: No

Financial Information

Application Required YN: No
Master Association YN: No
Tax Annual Amount: 19428.05
Tax Year: 2025
Tax Assessed/SOH Value: 772580
Tax Legal Description: TOWN OF LAKE WORTH LTS 15 & 16 BLK 43
Assessor Market Value: 790272
Estimated Monthly Assoc Recurring Fee: 0

Status Change Information

Major Change Timestamp: 2026-07-18T16:18:32Z
Major Change Type: New Listing
Status Change Date: 2026-07-18

More Information

Leasing Permitted Details

Leasing Permitted YN: Yes
Okay To Lease: 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: 49409
Gross Income: 137875
Net Operating Income: 88466

Boat and Dock Information

Dock: No

Other Area Details

Living Area Other Structures: 1732
Building Area Other Structures: 1876
Adjusted Area Other Structures: 1772

Pet Details

Pet Fee YN: No

Leasing Restrictions

Leasing - Max Times Per Year: Yes
Leasing - Minimum Number of Days: 365

Unit 1 Details

Actual Rent: 1900
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 980

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: 1800
Baths Full: Yes
Efficiency YN: Yes
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 400

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: 1950
Baths Full: Yes
Efficiency YN: Yes
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 400

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: 3500
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 1075

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: 482

Originating Details

Originating System Key: 20260718140416530845000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Exterior Features

None: Yes

Flooring

Wood: Yes

Property Condition

Resale: Yes
Updated/Remodeled: Yes

Special Information

Presently Leased: Yes

Special Listing Conditions

Standard: Yes

Documents Available

Other: Yes

Structure Type

Multi Family: Yes
Quadruplex: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes

Other Structures

Other: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes
Electricity Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Heating

Central: Yes

Water Access

None: Yes

Window Features

Blinds: Yes

Construction Materials

Frame: Yes

Levels

One: Yes

Listing Terms

Cash: Yes
Conventional: Yes
FHA: Yes

Other Equipment

None: Yes

Road Frontage Type

East of US-1: Yes

Road Responsibility

Public Maintained Road: Yes

Road Surface Type

Asphalt: Yes

Roof

Metal: Yes

Water Source

Public: Yes

Source Of Expenses

Owner Provided: Yes

Cooling

None: Yes

Showing Requirements

24 Hour Notice: Yes
Call Owner: Yes

Membership

No Membership Available: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

No Restrictions: Yes

Restrictions

See Remarks: Yes

Tax Information

City/County: Yes

Unit 1 Appliances

Range: Yes
Refrigerator: Yes

Unit 1 Other Equipment

Other Equipment: Yes

Unit 1 Parking Features

Parking Space: Yes

Unit 1 Rooms

Kitchen: Yes

Unit 2 Appliances

Range: Yes
Refrigerator: Yes

Unit 2 Other Equipment

Other Equipment: Yes

Unit 2 Parking Features

Open Parking: Yes
Other: Yes

Unit 2 Rooms

Kitchen: Yes

Unit 3 Appliances

Range: Yes
Refrigerator: Yes

Unit 3 Other Equipment

Other Equipment: Yes

Unit 3 Parking Features

Open Parking: Yes

Unit 3 Rooms

Kitchen: Yes

Unit 4 Appliances

Range: Yes
Refrigerator: Yes

Unit 4 Other Equipment

Other Equipment: Yes

Unit 4 Parking Features

Open Parking: Yes

Unit 4 Rooms

Kitchen: Yes

Acreage Description

1/4 To Less Than 1/2 Acre Lot: Yes
Less Than 1 Acre Lot: Yes

Listing Office: Home Sold Realty LLC

Last Updated: July - 18 - 2026

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