301 S M Street, Lake Worth Beach, FL 33460

New Listing

$1,525,000

Virtual Tour

https://www.propertypanorama.com/301-S-M-Street-Lake-Worth-Beach-FL-33460/unbranded

Property Type: Residential Income Square Footage: 3,084 Status: Active

Current Price: $1,525,000 List Date: 7/17/2026 Last Modified: 7/17/2026

Overview

Description

Well-maintained 5-unit multifamily property comprised of one 1-bedroom/1-bathroom unit and four 2-bedroom/1-bathroom units. The property generates $10,405 in gross monthly rental income, providing strong in-place cash flow with continued upside through future rental growth. Ideally situated just minutes from downtown Lake Worth Beach, the Intracoastal Waterway, and the beach, the asset offers investors a stable income-producing opportunity in one of Palm Beach County's most desirable rental markets.

Listing Details MLS# B26053634

General Property Information

Number Of Units Total: 4
Property Sub Type: Quadruplex
Building Area Main: 3084
Building Area Source: Public Records
Living Area Main: 3084
Living Area Source: Public Records
Accessibility Features YN: No
Year Built: 1925
Gated Community YN: No
Lot Size Area: 10125
Lot Size Acres: 0.23
Senior Community YN: No
Stories Total: 2
Pool Private YN: No
LP/Assessed Value: 3.38
Parking Total: 0

Property Features

Documents Available: Investment Analysis Exterior Features: None Flooring: Wood Foundation Details: None Leasing Permitted Details: Okay To Lease Property Condition: Resale Special Listing Conditions: Standard Structure Type: Quadruplex Tenant Pays: Cable TV; Electricity Source Of Expenses: Owner Provided Construction Materials: Frame Cooling: Central Individual Heating: Central Individual Listing Terms: Cash; Conventional; FHA Membership: No Membership Available Pets Allowed YN: No Possession: Close Of Escrow Restrictions: No Restrictions Road Frontage Type: East of US-1 Roof: Built-Up Sewer: Public Sewer Tax Information: City/County; Lake Worth Drain District Utilities: Cable Available; Electricity Available 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: Other Unit 1 Rooms: Kitchen Unit 2 Appliances: Range; Refrigerator Unit 2 Other Equipment: Other Equipment Unit 2 Parking Features: Other Unit 2 Rooms: Kitchen Unit 3 Appliances: Range; Refrigerator Unit 3 Other Equipment: Other Equipment Unit 3 Parking Features: Other Unit 3 Rooms: Kitchen Unit 4 Appliances: Range; Refrigerator Unit 4 Other Equipment: Other Equipment Unit 4 Parking Features: Other Unit 4 Rooms: Kitchen Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 1525000
Listing Service: Limited Service
Seller Represented YN: No

Location and Legal

Country: United States
County Or Parish: Palm Beach
Street Number: 301
Street Direction Prefix: S
Street Name: M
Street Suffix: Street
Municipality Type: Incorporated
Municipal Code: 38
State Or Province: FL
Postal Code: 33460
Postal Code +4: 4572
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: 38434421151110170
Subdivision Number: 15
Zoning: SF-R (city)
Flood Zone: X
Directions: Use Navigation
Multiple Offers Accepted: No

Financial Information

Master Association YN: No
Tax Annual Amount: 13611.96
Tax Year: 2025
Tax Assessed/SOH Value: 450667
Tax Legal Description: TOWN OF LAKE WORTH LTS 17 THRU 19 BLK 111
Assessor Market Value: 625141
Estimated Monthly Assoc Recurring Fee: 0

Status Change Information

Major Change Timestamp: 2026-07-17T19:01:04Z
Major Change Type: New Listing
Status Change Date: 2026-07-17

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: 55864
Gross Income: 151066
Net Operating Income: 95202

Leasing Restrictions

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

Unit 1 Details

Actual Rent: 2155
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 650

Unit 1 Lease Description

Currently Leased YN: No

Unit 1 Parking Details

Carport YN: No
Garage YN: No

Unit 2 Details

Actual Rent: 2150
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 650

Unit 2 Lease Description

Currently Leased YN: No

Unit 2 Parking Details

Carport YN: No
Garage YN: No

Unit 3 Details

Actual Rent: 2150
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 650

Unit 3 Lease Description

Currently Leased YN: No

Unit 3 Parking Details

Carport YN: No
Garage YN: No

Unit 4 Details

Actual Rent: 2350
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 650

Unit 4 Lease Description

Currently Leased YN: No

Unit 4 Parking Details

Carport YN: No
Garage YN: No

Price Calculations

Current Price To SqFt: 494.48

Originating Details

Originating System Key: 20260717155913395631000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Exterior Features

None: Yes

Flooring

Wood: Yes

Foundation Details

None: Yes

Property Condition

Resale: Yes

Special Listing Conditions

Standard: Yes

Documents Available

Investment Analysis: Yes

Structure Type

Quadruplex: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes
Electricity Available: Yes

Heating

Central Individual: Yes

Water Access

None: Yes

Window Features

Blinds: Yes

Construction Materials

Frame: Yes

Listing Terms

Cash: Yes
Conventional: Yes
FHA: Yes

Road Frontage Type

East of US-1: Yes

Roof

Built-Up: Yes

Water Source

Public: Yes

Source Of Expenses

Owner Provided: Yes

Cooling

Central Individual: Yes

Showing Requirements

24 Hour Notice: Yes
Call Owner: Yes

Membership

No Membership Available: Yes

Pets Allowed YN

No: Yes

Restrictions

No Restrictions: Yes

Tax Information

City/County: Yes
Lake Worth Drain District: Yes

Unit 1 Appliances

Range: Yes
Refrigerator: Yes

Unit 1 Other Equipment

Other Equipment: Yes

Unit 1 Parking Features

Other: Yes

Unit 1 Rooms

Kitchen: Yes

Unit 2 Appliances

Range: Yes
Refrigerator: Yes

Unit 2 Other Equipment

Other Equipment: Yes

Unit 2 Parking Features

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

Other: Yes

Unit 3 Rooms

Kitchen: Yes

Unit 4 Appliances

Range: Yes
Refrigerator: Yes

Unit 4 Other Equipment

Other Equipment: Yes

Unit 4 Parking Features

Other: Yes

Unit 4 Rooms

Kitchen: Yes

Acreage Description

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

Listing Office: Home Sold Realty LLC

Last Updated: July - 17 - 2026

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301 S M Street, Lake Worth Beach, FL 33460 (MLS# B26053634)