Rare opportunity to acquire a four-parcel assemblage encompassing nearly an entire city block in desirable Lake Worth Beach. This unique offering includes 3 single-family homes, 1 duplex, 1 large apartment with private garage, 1 smaller apartment with a four-car garage, and 1 vacant lot. All structures were comprehensively renovated in 2015 with permits, rebuilt to the frame with new foundations, floor framing, electrical, plumbing, insulation, drywall, roofs, impact windows and doors, and hurricane clip reinforcement to current wind codes. Architectural and structural plans, certifications, and permits are available. All improvements are under termite warranty. A truly rare investment and redevelopment opportunity.

Based on information submitted to BeachesMLS as of June 25, 2026 4:46 PM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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More Info

Basic Information

Gross Income $156,000
Insurance Expense $13,500
Operating Expense $32,544

Location

Address505 24th Avenue N
Area5620
Building Number505
CountyPalm Beach
StateFL
Street24TH Avenue N
TownLake Worth Beach

Property

Number Of Buildings 6

Utilities

Electric Other
Heat SystemCentral
Heating YN Yes
Utilities Cable Available, Electricity Available, Phone Available, Water Available
Waste Water DisposalPublic Sewer

Other

Date Listed05/06/2026
Documents Available Financials, Rent Rolls
Possession Close Of Escrow
Special Listing Conditions Standard

Tax Information

Tax Legal Description WORTHMORE PARK LTS 6 THRU 10 BLK 11 WORTHMORE PARK LTS 11 & 12 BLK 11 WORTHMORE PARK LTS 13 THRU 16 BLK 11 WORTHMORE PARK LTS 3 THRU 5 BLK 1
Tax Year 2025
Taxes$13,764

Building

Building ConstructionBlock
FoundationSlab
Stories2
Structure Type Mixed Use
Units7
Year Built1978

Interior

Flooring Ceramic Tile, Linoleum, Vinyl

Property Information

Acreage0.9
Occupant Type Tenant
Property Condition Resale
Property Sub Type Additional Mixed Use

Legal

Parcel Number 38434416050110110
Universal Parcel Id urn:reso:upi:2.0:US:12099:38434416050110110

Parking

Parking Features Assigned, Accessible Parking, Common, Guest
Parking Total 20

Basic Information

List Price$2,095,000
BeachesMLSB26024798
Modification Date06/08/2026
Property SubTypeMixed Use
Property TypeCommercial Sale
StatusActive
Virtual TourView Tour

Exterior

RoofMixed

Amenities

Accessibility AmenitiesAccessibility Features
Cooling Central Air, Ceiling Fan(s)
Cooling YN Yes

Water Body

Water AccessMultiple Meters, Public

Buy a Home

Grier Allen

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