431 S M Street 1-5, Lake Worth Beach, FL 33460 (MLS# B26092508)

431 S M Street 1-5, Lake Worth Beach, FL 33460

New Listing
$1,250,000
Property Type: Residential Income Square Footage: 4,564 Status: Active
Current Price: $1,250,000 List Date: 10/25/2026 Last Modified: 10/28/2026

Overview

Description

EXCELLENT INVESTMENT IN AN EXCELLENT LOCATION! THIS IS A WELL MAINTAINED 5 UNIT BUILDING ON 4 LOTS WITH LUSH LANDSCAPING AND BEAUTIFUL OAK TREES WITH 4 -2 BEDROOMS AND 1 -1 BEDROOMS WHICH BRINGS IN EXCELLENT RENTS. THERE HAS BEEN SPECIAL IMPROVEMENTS TO THE BUILDING INCLUDING NEW IMPACT GLASS WINDOWS, NEW CUSTOMIZED ROOF, TANKLESS HOT WATER HEATERS, NEW UPDATED ELECTRICAL SYSTEM, UPGRADES TO THE INSIDE INCLUDING COMPLETE REMODEL IN # 3, COMPLETE PANTING IN 2022, FULLY FENCED IN YARD, AND MANY MORE! THERE IS ALSO COIN LAUNDRY ON THE PREMISES. TRULY A MUST SEE, MAKE OFFER!

Listing Details MLS# B26092508

General Property Information

Number Of Units Total
4
Property Sub Type
Quadruplex
Building Area Main
4564
Building Area Source
Public Records
Living Area Main
4074
Living Area Source
Public Records
Adjusted Area Main
3896
Accessibility Features YN
No
Year Built
1925
Parking Total
5
Gated Community YN
No
Lot Size Area
10129
Lot Size Acres
0.23
Lot Size Dimensions
50.0 ft x 0.0 ft
Senior Community YN
No
Outdoor Living Spaces YN
Yes
Stories Total
3
Stories
3
Pool Private YN
No
LP/Assessed Value
2.08

Property Features

Documents Available: Copy Of Lease(s); Deposit Held; Rent Rolls Electric: Three Phase Exterior Features: Courtyard; Outdoor Shower; Other Fencing: Back Yard; Fenced; Front Yard; Full; Wood Flooring: Carpet; Laminate; Tile; Wood Foundation Details: Block Leasing Permitted Details: Okay To Lease Property Condition: Resale Special Listing Conditions: Standard Structure Type: Multi Family Tenant Pays: Cable TV; Electricity; Gas Source Of Expenses: Other Construction Materials: Frame Cooling: Ceiling Fan(s); Wall/Window Unit(s) Heating: Window/Wall Laundry Features: Common Area Levels: One Listing Terms: Cash; Conventional Lot Features: Corner Lot; Fruit Tree(s); Irregular Lot; Landscaped; Oversized Lot; Room for Pool Main Living Area: Other Main Living Area Other Equipment: Call Listing Agent Other Structures: Gazebo Pets Allowed YN: Yes Pets Allowed: Pet Restrictions Possible Possession: Close Of Escrow Restrictions: Other Restrictions Other Leasing Restrictions: Tenant Approval Road Frontage Type: City Street; Easement Road Responsibility: Public Maintained Road Road Surface Type: Asphalt; Gravel Roof: Composition; Metal Sewer: Public Sewer Tax Information: County Only Utilities: Cable Available; Natural Gas Available; Sewer Available; Water Available View: Garden Water Access: None Water Source: Public Window Features: ENERGY STAR Qualified Windows; Insulated Windows; Storm Window(s) Showing Requirements: 24 Hour Notice; Appointment Only; Listing Agent Must Accompany; Occupied; Text Listing Agent Outdoor Living Spaces: Balcony; Courtyard; Patio; Porch Balcony Details: Balcony - Open Courtyard Details: Courtyard - Open Patio Details: Patio - Covered Porch Details: Porch - Open Unit 1 Appliances: Range; Refrigerator Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: Open Parking; Parking Space Unit 1 Rooms: Family Room; Kitchen Unit 2 Appliances: Dishwasher; Range; Refrigerator Unit 2 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 2 Parking Features: Open Parking; Parking Space Unit 2 Rooms: Family Room; Foyer; Kitchen; Separate Dining Unit 3 Appliances: Range; Refrigerator; Other Unit 3 Interior Features: Pantry Unit 3 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 3 Parking Features: Open Parking; Parking Space Unit 3 Rooms: Kitchen Unit 4 Appliances: Refrigerator; Other Unit 4 Interior Features: Pantry Unit 4 Other Equipment: Air Conditioning Unit Unit 4 Parking Features: Open Parking; Parking Space Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
1250000
Listing Service
Full Service

Location and Legal

Country
United States
County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
431
Street Direction Prefix
S
Street Name
M
Street Suffix
Street
Unit Number
1-5
City Name
Lake Worth Beach
Municipality Type
Incorporated
Municipal Code
38
State Or Province
FL
Postal Code
33460
Postal Code +4
4521
Postal Zip
33460
Subdivision Name
LAKE WORTH TOWN OF
Development Name
Downtown Jewel NA
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
38434421151570291
Subdivision Number
15
Zoning
SF-R (city)
Flood Zone
X

Financial Information

Master Association YN
No
Tax Annual Amount
16066.2
Tax Year
2025
Tax Assessed/SOH Value
600721
Tax Legal Description
TOWN OF LAKE WORTH W 1/2 OF LTS 29 & 30 & LTS 31 & 32 BLK 157
Assessor Market Value
817959

Status Change Information

Major Change Timestamp
2026-10-25T18:47:25Z
Major Change Type
New Listing
Status Change Date
2026-10-25

More Information

Leasing Permitted Details

Leasing Permitted YN
Yes

Meter Information

Separate Electric Meters YN
Yes
Number Of Separate Electric Meters
5
Separate Gas Meters YN
Yes
Number Of Separate Gas Meters
4
Separate Water Meters YN
No

Income and Expenses

Annual Total Expense
22000
Gross Income
117600
Net Operating Income
95600
Operating Expense
22000

Pet Details

Pet Fee YN
Yes
Pet Fee
100

Storm Protection

Impact Glass
Complete

Unit 1 Details

Actual Rent
1500
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished
Hotel Room YN
No
SqFt
750

Unit 1 Lease Description

Currently Leased YN
Yes
Lease Term
12 Months
Lease Expiration
2027-07-31

Unit 1 Parking Details

Carport YN
No
Garage YN
No

Unit 2 Details

Actual Rent
2000
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished
Hotel Room YN
No
SqFt
1000

Unit 2 Lease Description

Currently Leased YN
Yes
Lease Term
12 Months
Lease Expiration
2027-03-15

Unit 2 Parking Details

Carport YN
No
Garage YN
No

Unit 3 Details

Actual Rent
2100
Baths Full
Yes
Efficiency YN
No
Hotel Room YN
No
SqFt
1000

Unit 3 Lease Description

Currently Leased YN
Yes
Lease Term
12 Months
Lease Expiration
2027-06-10

Unit 3 Parking Details

Carport YN
No
Garage YN
No

Unit 4 Details

Actual Rent
2000
Baths Full
Yes
Baths Half
Yes
Efficiency YN
No
Hotel Room YN
No
SqFt
1200

Unit 4 Parking Details

Carport YN
No
Garage YN
No

Price Calculations

Current Price To SqFt
306.82

Originating Details

Originating System Key
20261024152818643235000000
Originating System ID
M00000170
IDX
Listing Office: Coastline Realty, Inc.
Source MLS Verified
Last Updated: October - 28 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.