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Active - Quadruplex for sale

309 S Palmway, Lake Worth FL 33460, Lake Worth Beach, FL

4,032 sqft

Facts & features

Quadruplex Property type
12 days on Beycome
1964 Year built
$496 Price/Sqft.

Why you’ll love it

Kislak is pleased to present 309 South Palmway, an eight-unit multifamily investment opportunity in the highly desirable Bryant Park neighborhood of Lake Worth Beach, Florida. South Palmway is one of Lake Worth Beach’s most sought-after residential streets, prized for its established character, proximity to the Intracoastal Waterway and access to downtown. The property is just one block from Bryant Park and minutes from Downtown Lake Worth Beach and the Atlantic Ocean. The two-story property consists of eight one-bedroom/one-bathroom residences. Recent capital improvements include a new roof, impact-resistant windows and doors, and complete exterior painting. Amenities include private patios and storage sheds for the four first-floor residences, a detached CBS laundry building with coin-operated washer and dryer, and nine designated, lighted on-site parking spaces. The offering provides investors an opportunity to acquire a well-maintained multifamily asset with significant rental upside. Current rents range from $1,400 to $1,615 per month, compared with projected market rents of $1,800 per unit, representing approximately $29,520 in potential additional annual base rental income. The property's premier South Palmway location, recent improvements and rental upside present a compelling investment opportunity in one of Palm Beach County's desirable coastal markets.

Translating description...

Listings courtesy of J.I. Kislak Realty Corp.

Listed by: Alexis Shapiro • 954-573-4449 • J.I. Kislak Realty Corp

Co-listed by: J.I. Kislak Realty Corp

Source: Miami MLS, MLS#: A12116601 Miami MLS logo

Based on info available as of Nov 14, 2026 at 6:44 PM EST.

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Affordability

$1,300,000$2,700,000
1%20%
0%90%
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Estimated monthly payment

$12,207/mo

  • Mortgage$10,113
  • Property tax$2,094
  • HOA fee
  • Homeowners insurance
Due at closing$1,590,000
Down payment held in escrow$400,000
Closing costs$30,000
beycome credit Est.$40,000

Beycome estimates only. Actual amounts and terms vary by lender and location.

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$40,000 Credit back

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About Lake Worth Town Of

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Flood & climate risk

FEMA Flood Zone AE

In a FEMA Special Flood Hazard Area — flood insurance is typically required with a federally-backed mortgage.

More details

Base flood elevation: 8 ft. Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.

Disclaimer

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements. 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. Copyright ©2026. Based on information as of Nov 14, 2026 at 06:44pm EST.

$2,000,000 Listed price

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$40,000 Credit back

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