309 Palmway, Lake Worth, FL 33460

$2,000,000 — Active

Property Features

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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.

Property Details

  • Listing ID: A12116601
  • Status: Active
  • Listing Date: 2026-11-02
  • Property Type: Quadruplex
  • Subdivision: LAKE WORTH TOWN OF
  • County: Palm Beach
  • MLS Area: 5610
  • Bedrooms: 0
  • Full Bathrooms: 0
  • Living Area Sq Ft: 4,032
  • Year Built: 1964

Financial

  • List Price: $2,000,000
  • HOA Fee: None
  • Taxes: $25,132/yr

Features & Amenities

  • Cooling: Central Air
  • Heating: Central, Separate Meters
  • Flooring: Laminate, Tile
  • Construction: Block
  • Roof: Flat

Courtesy of J.I. Kislak Realty Corp
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© 2026 Starfish Real Estate. Listing data is derived from the Broker Reciprocity Program of the Realtor Association of Indian River County (RAIRC) and BeachsMLS. Properties listed by brokers other than Starfish Real Estate are identified with the applicable MLS logo and include the listing broker's name. Not all properties available through either MLS may be displayed. All MLS data is the copyrighted property of the respective MLS and its participants. Data is deemed reliable but is not guaranteed accurate and should be independently verified prior to entering into any transaction.