226 South Palmway, Unit 1

Lake Worth, FL 33460

$1,000,000
Price
Beds
2,024 Sq. Ft.
$494 / Sq. Ft.
2,024
Sq. Ft.
$494
per Sq. Ft.

Description

Presenting a prime investment opportunity in Lake Worth Beach: a turn-key quadplex just 1 mile from the beach and 2 blocks from the shopping and restaurants on Lake Avenue. Each of the four 1-bed, 1-bath units is fully equipped, featuring impact windows, tropical landscaping, and off-street parking for 4 vehicles. Enjoy a spacious patio area and impressive $140K annual gross Airbnb revenue.Presenting a prime investment opportunity in Lake Worth Beach: a turn-key quadplex just 1 mile from the beach and 2 blocks from the shopping and restaurants on Lake Avenue. Each of the four 1-bed, 1-bath units is fully equipped, featuring impact windows, tropical landscaping, and off-street parking for 4 vehicles. Enjoy a spacious patio area and impressive $140K annual gross Airbnb revenue.
  1. Listed by John Moran • LPT Realty

Property Details for 226 South Palmway, Unit 1

Subdivision
Bryant Park
Waterfront
No
Waterfront Details
None
Style
No Pool/No Water
LISTING UPDATED: 12/06/2024 06:55 AM

Property Details for 226 South Palmway, Unit 1

StatusActive
MLS #RX-11042156
Days on Market15
Taxes$14,559 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quad Plex
Year Built1925
Lot Size0.12 AC / 5,400 SF
CountyPalm Beach County

Building Information for 226 South Palmway, Unit 1

Stories2Residences1Year Built1925Building Size-Lot Size0.12 AC / 5,400 SF

Property Information for 226 South Palmway, Unit 1

Summary
Location and General Information
  • Property Condition: Resale
  • Directions: From 95: Exit 63, east on 6th Ave S, left on Federal Hwy, right on 3rd Ave S, left on S Palmway, 226 is on the right (look for 4-space parking lot
  • Geo Area: Palm Beach 5600; 5610; 5620; 5630; 5640
  • Street Number: 226
  • Subdivision Complex Bldg: Bryant Park
  • Municipal Code: Lake Worth
  • State: FL
  • City Postal ID: 33460
  • MLS Area: 5610
  • MLS Sub Area: PB16
Parking
  • Carport Spaces: 0
Taxes and HOA Information
  • HOPA: No Hopa
  • Tax Year: 2024
Property
Lot Information
  • Area: 5610
  • HOA Amenities: None
  • Lot Description: < 1/4 Acre
  • Lot Dimensions: 40.0 ft x 135.0 ft
  • Parcel ID: 38434421150990021
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Sq Ft Total: 2,140
  • Square Ft Source: Other
  • Zoning: MF-20(
Property and Assessments
  • Legal Desc: TOWN OF LAKE WORTH N 40 FT OF LT 2 BLK 99
  • Sq Ft Liv Area: 2024.0
  • Legal Description: TOWN OF LAKE WORTH N 40 FT OF LT 2 BLK 99
Utilities
  • Utilities: Cable, Public Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Construction: Frame Construction, Frame With Stucco, Stucco Exterior Construction
  • Exterior Features: None
  • Private Pool: No
  • Storm Protection: Impact Glass: Complete
  • Subdiv Amenities: None
  • Gated Community YN: No
  • Structure Type: Quadruplex
Interior Features
  • Roof: Comp Rolled, Mansard
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: Yes
  • Cooling: Ceiling Fan, Wall-Win A/C
  • Flooring: Laminate
  • Heating: No Heat
  • Window Treatments: Impact Glass
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $.00
  • Income & Expenses: Annual Total Expense: $.00
  • Income & Expenses: Gross Operating Inc: $140,000.00
  • Tenant Pays: None
Unit 1
  • Unit 1 Desc: A/C Unit, Microwave, Range - Electric, Refrigerator
  • Unit 1 Info: Bedrooms: 1
  • Unit 1 Info: Full Bath: 1
  • Unit 1 Info: Furnished: Yes
  • Unit 1 Info: Monthly Income: 0
  • Unit 1 Info: SqFt: 600.0
  • Unit 1 Parking: Open Parking, Space Parking
Unit 2
  • Unit 2 Desc: A/C Unit, Microwave, Range - Electric, Refrigerator
  • Unit 2 Info: Bedrooms: 1
  • Unit 2 Info: Full Bath: 1
  • Unit 2 Info: Furnished: Yes
  • Unit 2 Info: Monthly Income: $0
  • Unit 2 Info: SqFt: 450.0
  • Unit 2 Parking: Open Parking, Space Parking
Unit 3
  • Unit 3 Desc: A/C Unit, Microwave, Range - Electric, Refrigerator
  • Unit 3 Info: Bedrooms: 1
  • Unit 3 Info: Full Bath: 1
  • Unit 3 Info: Furnished: Yes
  • Unit 3 Info: Monthly Income: $.00
  • Unit 3 Info: SqFt: 600.0
  • Unit 3 Parking: Open Parking, Space Parking
Unit 4
  • Unit 4 Desc: A/C Unit, Microwave, Range - Electric, Refrigerator
  • Unit 4 Info: Bedrooms: 1
  • Unit 4 Info: Full Bath: 1
  • Unit 4 Info: Furnished: Yes
  • Unit 4 Info: Monthly Income: $.00
  • Unit 4 Info: SqFt: 450.0
  • Unit 4 Parking: Open Parking, Space Parking
Rental
Rental Information
  • Pets on Premises: No

Property History for 226 South Palmway, Unit 1

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 226 South Palmway, Unit 1

Taxable ValueLand$269,533Additions$316,746Total$586,279
Tax Record2023$14,559 ($1,213 / month)
Home Facts
Baths4Total Finished SqFt2,024 SqFtAbove Grade Finished SqFt2,024 SqFtStories2Lot Size5,401 SqFtStyleQuadraplexYear Built1925Year Renovated2005ZoningMF-20CountyPALM BEACHAPN38-43-44-21-15-099-0021

Schools near 226 South Palmway, Unit 1

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
South Grade Elementary School
PublicPK to 5

Lake Worth Community Middle School
Public6 to 8

Lake Worth High School
Public9 to 12

Palm Beach Maritime Academy
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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226 South Palmway, Unit 1 is a multi-family home for sale in Lake Worth, FL 33460. This property was listed for sale on December 3, 2024 by LPT Realty, it's currently listed at $1,000,000. It has been on the market for a total of 15 days and was last sold on May 14, 2021. This listing's school district is Palm Beach. Nearby schools include South Grade Elementary School, Lake Worth Community Middle School and Lake Worth High School. 226 South Palmway, Unit 1 is a 0-bed, 0-bath, 2,024 sqft multi-family home built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LPT Realty

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.