501 N K St, Lake Worth, FL 33460
Local realty services provided by:First Service Realty ERA Powered
Listed by: wendy pierre305-509-8336
Office: bawons properties, inc
MLS#:A11968882
Source:SEFMLS
Price summary
- Price:$1,120,000
- Price per sq. ft.:$331.46
About this home
TURNKEY CASH FLOW IN THE HEART OF DOWNTOWN LAKE WORTH!
Investor-ready and fully renovated, this high-performing multi-unit compound delivers immediate income and long-term upside in one of Lake Worth’s most tenant-friendly locations. Situated on a prime corner lot just a couple blocks from downtown, this property combines strong in-place rents with low operating costs — exactly what today’s investors are chasing.
Property Breakdown:
Two-story triplex:
Ground floor: 1 spacious 3BR/2BA apartment
Second floor: Two 2BR/1BA apartments
Detached 2BR/1BA apartment home on the same parcel
Fully renovated throughout — minimal deferred maintenance
Reliable gross income of $7,950/month
Owner utilities under $400/month — strong expense control
Positioned within walking distance to Lake Worth’s most popular bars, restaurants, and entertainment venues, this property benefits from consistent rental demand. Easy access to major job centers, schools, the beach, and the Town of Palm Beach makes it even more attractive to tenants.
Why Investors Love This Asset:
Immediate, proven cash flow
Renovated units = reduced capex risk
Desirable unit mix
Corner lot with strong rental appeal
Low operating expenses relative to income
Prime walkable downtown location
Turnkey. Stabilized. Cash flowing. Renovated Properties with proven track record like this in Downtown Lake Worth are rare....
Contact an agent
Home facts
- Year built:1925
- Listing ID #:A11968882
- Updated:April 03, 2026 at 07:55 AM
Rooms and interior
- Flooring:Concrete, Hardwood, Wood
- Living area:3,305 sq. ft.
Heating and cooling
- Cooling:Central Air, Wall/Window Units
- Heating:Central, Wall Furnace
- Central air:Yes
Structure and exterior
- Roof:Built-Up, Flat, Tar/Gravel
- Year built:1925
- Building area:3,305 sq. ft.
- Lot Features:< 1/4 Acre
- Architectural Style:Fourplex
- Construction Materials:Frame, Stucco
- Levels:2 Story
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,120,000
- Price per sq. ft.:$331.46
- Tax amount:$12,884 (2025)
Parking
- Total parking spaces:4
New listings near 501 N K St
- New
$335,000Active2 beds 2 baths1,190 sq. ft.5388 Mendoza Street #88-b, West Palm Beach, FL 33415
MLS# B26009326Listed by: VANTAGE REALTY PARTNERS - New
$579,000Active3 beds 3 baths1,368 sq. ft.2192 Bonnie Drive, West Palm Beach, FL 33415
MLS# B26010548Listed by: THE CORCORAN GROUP - New
$419,900Active3 beds 1 baths1,026 sq. ft.5669 S 35th Court, Greenacres, FL 33463
MLS# B26010551Listed by: CONTINENTAL PROPERTIES, INC. - New
$390,000Active2 beds 1 baths945 sq. ft.914 S L St, Lake Worth, FL 33460
MLS# A11994327Listed by: HOMECOIN INTERNATIONAL REALTY, LLC. - New
$584,000Active4 beds 2 baths1,756 sq. ft.112 San Juan Drive, Palm Springs, FL 33461
MLS# B26010525Listed by: JAISTAR REALTY LLC - New
$649,000Active2 beds 2 baths1,671 sq. ft.3610 S Ocean Boulevard #203, South Palm Beach, FL 33480
MLS# B26010482Listed by: ILLUSTRATED PROPERTIES LLC - New
$499,500Active3 beds 3 baths2,021 sq. ft.2502 N Dixie Highway #55, Lake Worth Beach, FL 33460
MLS# B26010497Listed by: KELLER WILLIAMS ELITE REALTY - New
$299,995Active2 beds 2 baths1,232 sq. ft.273 Arabian Road #273, Palm Springs, FL 33461
MLS# B26010501Listed by: HIGHER STANDARDS REAL ESTATE - New
$115,000Active2 beds 2 baths1,080 sq. ft.2616 Garden Drive N #303, Lake Worth Beach, FL 33461
MLS# B26010461Listed by: SAINT ENTERPRISES RE INVST CRP - New
$595,000Active3 beds 2 baths1,038 sq. ft.918 N Palmway, Lake Worth Beach, FL 33460
MLS# B26010469Listed by: LOKATION