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409 4th Ave NLake Worth, FL 33460

For Sale

$1,960,000

Smart Buyer Rebate $19,600

RARE VALUE-ADD OPPORTUNITY IN DOWNTOWN LAKE WORTH!

This is the high-upside multifamily deal you’ve been waiting for. Located at 409 4th Ave North, this two-story CBS building sits on a prime corner lot just off Federal Highway and only two blocks from Lucerne Ave, placing it squarely in one of Lake Worth’s strongest rental corridors.

Property Highlights:

8 spacious 2BR/2BA apartments

Below-market rents = immediate value-add potential

Currently collecting $14,000/month with room to grow

Owner utilities under $600/month (includes washers & dryers)

Durable CBS construction with a 2017 gable roof (approx. 30-year service life) Updated plumbing and appliances

Tenants love this walkable downtown pocket with easy access to major employment centers, schools, restaurants, bars, the beach, and the Town of Palm Beach. Strong fundamentals support both rent growth and long-term appreciation.

Why This Deal Stands Out:

Proven income with upside on rents

Major capital items already addressed

Efficient expense profile

Desirable 2BR/2BA unit mix

Quiet Corner lot with great access

True value-add without heavy lift

Stabilized today, scalable tomorrow. Opportunities to reposition an 8-unit this close to Lucerne Ave without major capital expenditure.
These rare value-add assets in Downtown Lake Worth do not last.

Listed by Wendy Pierre

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License #3272185

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BAWONS Properties, Inc

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wendy.pierre@bawons.com

Last updated February 21, 2026

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Source: MIAMIRE #A11968957

Listing Facts

  • TypeMulti-family
  • NeighborhoodMango Groves
  • Days on Prevu25
  • Taxes$29,978/year
  • Size6,100 sqft
  • Price per sqft$321

Amenities

  • Pets Allowed
  • Air Conditioning
  • Parking

Location

Mortgage Calculator

Listing History

02/19/2026
Listed by BAWONS Properties, Inc
$1,960,000

Property Details for 409 4th Ave N

Association

General

  • Number Of Units In Community: 4

Exterior

Construction

  • Roof: Shingle
  • Stories: 2
  • Stories Total: 2
  • Structure Type: Quadruplex, Fourplex
  • Year Built: 1968
  • Year Built Details: Effective Year Built
  • Architectural Style: Detached
  • Building Name: LAKE WORTH TOWN OF
  • Construction Materials: CBS Construction

Measurements

  • Building Area Total: 6,100
  • Building Area Units: Square Feet
  • Lot Features: Less Than 1/4 Acre Lot
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 38434421150940080
  • Tax Annual Amount: $29,978.00
  • Tax Year: 2025

Interior

Features

  • Flooring: Ceramic Floor

Measurements

  • Living Area: 6,100
  • Living Area Units: Square Feet

Other

Location

  • Subdivision Name: LAKE WORTH TOWN OF

Parking

Parking

  • Parking Total: 8

Utilities

Equipment

  • Cooling: Central Air
  • Has Cooling: Yes
  • Heating: Central
  • Has Heating: Yes
  • Sewer: Public Sewer

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 409 4th Ave N.

Does this multi-family home have parking?

Yes, there are 8 parking spaces available for 409 4th Ave N.

What are the annual taxes for 409 4th Ave N?

Annual taxes for this multi-family home are estimated at $29,978.

How does 409 4th Ave N compare to other multi-family homes in Mango Groves?

This multi-family home is listed 68% above the average price for multi-family homes in Mango Groves and has been on the market for 81 less days than the typical home in this area.

What building or home owners association is the multi-family home part of?

This multi-family home is in the LAKE WORTH TOWN OF building.

What is the square footage on this multi-family home?

According to the MLS, this listing is 6,100 sqft.

409 4th Ave N is a -bedroom multi-family home for sale in Lake Worth FL 33460. On Prevu for 25 days at $1,960,000. This residence features 6,100 square feet of living space, located in Mango Groves. The median listing price for multi-family homes in this area is $465,000. Property amenities include pets allowed, air conditioning, and parking. View other multi-family home listings in Lake Worth.

Based on information from Miami Association of REALTORS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.