Well-located 14-unit multifamily property in the heart of downtown Lake Worth Beach at 202 Lucerne Avenue. The asset consists of thirteen 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, all featuring central A/C, private balconies, and ample natural light, along with an on-site laundry facility for additional income. Built in 1974 with concrete block construction and a stucco exterior, the property is currently operated as annual rentals and also holds a valuable transitory license, allowing for potential conversion to short-term rentals and increased revenue. Positioned just steps from Lake Avenue, the property offers exceptional walkability to dining, retail, and entertainment, and is located just minutes from the Intracoastal Waterway, Lake Worth Beach Park, and JFK Medical Center. Strong in-place income with clear upside through rental growth and operational improvements in a highly active and improving downtown submarket supported by ongoing redevelopment and long-term demand drivers.

The multiple listing information is provided by Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Data last updated on June 25, 2026

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More Info

Basic Information

Lease TermThirtySixMonths
List Price$2,950,000
MIAMIA12001661
MlsStatusActive
PublicSurveyRange38
Square Feet13,505
Unit Number1-14
Virtual TourView Tour

Exterior

RoofBuilt-Up

Tax Information

Tax Year2025
Taxes$52,941

Location

Area5600
Building Number202
CountyPalm Beach
Zip33460

Property

Acreage0.31
Lot Size Area13,505
Parking Spaces
ZoningDT (city

Utilities

CoolingCentral Air
Heat SystemCentral
SewerPublic Sewer
Water SourcePublic

Basic Information

Property SubTypeMulti Family
StatusActive

Building

Building Area Total9,320
Construction MaterialsBlock
LevelsTwo
Number Of Buildings1
Stories2
Structure TypeApartment
Units14
Year Built1974

Buy a Home

Grier Allen

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