www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31457481
31457482

714 4th Ave N, Lake Worth Beach, FL 33460

ER
FL FL SL3134745
Marcus & Millichap - Fort Lauderdale
CS
FL SL-3605832
Marcus & Millichap - Fort Lauderdale
DC
FL SL 3234051
Marcus & Millichap - Fort Lauderdale
Marcus & Millichap - Fort Lauderdale
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Fort Lauderdale
$645,000
63 days on market
Updated 9 days ago

4th Avenue Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,354
Net Rentable (SqFt) 2,354
Units 3
Cap Rate 6.68%
NOI $43,065
Occupancy 100%
Pro-Forma Cap Rate 6.81%
Pro-Forma NOI $43,929
Price per SqFt $274
Broker Co-Op Yes
Class C
Year Built 1952
Buildings 1
Stories 2
Acreage 0.080
Investment Type Value Add
Ownership Fee Simple

Multifamily | 3 Units | $215,000/unit

Marketing description

Marcus & Millichap is pleased to present 4th Avenue Apartments, a three-unit multifamily property located at 714 4th Avenue N in Lake Worth Beach, Florida. Built in 1952, the property totals 2,354 gross square feet and is situated on a 0.08-acre lot. The building is of wood frame construction with a flat built-up roof. The unit mix consists of one two-bedroom/two-bathroom unit, one two-bedroom/one-bathroom unit, and one one-bedroom/one-bathroom unit, offering a flexible layout that appeals to a range of tenant types. The varied unit mix provides both larger floorplans and smaller, more affordable options within a compact footprint.

The property is located just north of Downtown Lake Worth Beach, providing convenient access to Lake Avenue’s dining, retail, and entertainment corridor, as well as the Intracoastal Waterway and Lake Worth Beach Park. Nearby employment drivers include JFK Medical Center, local municipal offices, and surrounding service-based employment throughout Palm Beach County.

4th Avenue Apartments offers investors the opportunity to acquire a low-density multifamily asset in a highly walkable and supply-constrained submarket, with strong rental demand driven by its proximity to downtown amenities, the waterfront, and major employment centers.

Investment highlights

  • Located near Downtown Lake Worth Beach, the Intracoastal, and Lake Worth Beach Park
  • Strong rental demand in a walkable, supply-constrained coastal submarket
  • 3-unit property with a diverse unit mix (2/2, 2/1, and 1/1)

Listing Contacts

ER
FL FL SL3134745
Marcus & Millichap - Fort Lauderdale
CS
FL SL-3605832
Marcus & Millichap - Fort Lauderdale
DC
FL SL 3234051
Marcus & Millichap - Fort Lauderdale
Marcus & Millichap - Fort Lauderdale
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Fort Lauderdale

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$43,065.00
$3,588.75/mo

Valuation Metrics

0
DSCR
6.68%
Cap Rate
6.68%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Evan Richardson
License
FL SL3134745
Name
Cory Sanchez
License
SL-3605832
Brokerage
Marcus & Millichap
Title
Associate
Brokerage Address
5900 North Andrews Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591