131 S Federal Highway
, FL 33460
6
Bed
4
Bath
3,112Sqft
13,520Sqft(Lot)
Federal Flats in Lake Worth Beach is a renovated 5-unit multifamily property featuring three studio apartments, one 1-bedroom/1-bathroom unit, and one spacious 3-bedroom/1-bathroom unit. The property is currently generating $9,150 in gross monthly rental income, with one studio vacant and additional income available upon lease-up. Conveniently located near downtown Lake Worth Beach, the Intracoastal Waterway, and the beach, Federal Flats offers immediate cash flow with further upside through stabilization and future rent growth.
Property Details
Map
Map
Features
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Interior Features
Roof: MetalWindow Features: Blinds -
Heating & Cooling
Has Heating: Yes Heating: Central Cooling: None
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Building Information
Year Built: 1924Building Area Total: 3112Construction Materials: Frame, StuccoStories: 1Pool Features: NonePrivate Pool: No -
Exterior Features
Exterior Features: None
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Lot Information
Main Square Feet: 13520 Lot Size Acres: 0.31 Lot Size Square Feet: 13,520 Lot Description: LessThanOneAcre,QuarterToHalfAcreLotProperty Information
Subdivision: LAKE WORTH TOWN OF Source Property Type: ResidentialIncome MLS Area Minor: Palm Beach 5600; 5610; 5620; 5630; 5640 Postal Code Plus 4: 4286 Zoning Description: MU-E (city) Property SubType: Condominium Levels: One Property Age: 102
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Listing Price Information
Listing Price: $1500000Cash, Conventional, Fha203k, FHA
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Tax Information
Parcel Number: 38434421150430150 Tax Year: 2025 Annual Tax: $19428 Tax Legal Desc: TOWN OF LAKE WORTH LTS 15 & 16 BLK 43
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Garage Information
Pets Allowed: No
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School Information
Elementary School: South Grade Junior High School: Lake Worth Community Middle Senior High School: Lake Worth -
Utility Information
CableAvailable, ElectricityAvailable, SewerAvailable, WaterAvailable -
Location Information
Direction: Use Navigation WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 17 S L Street, , FL, 33460 | $970,000 | 1 | 4 | 1,799 | 3,375 Sqft |
| 129 S K Street, Lake Worth, FL, 33460 | $1,775,000 | 8 | 8 | 4,064 | 6,750 Sqft |
| 520 N E Street, , FL, 33460 | $795,000 | 6 | 5 | 3,416 | -- |
| 1416 N 2nd Ave N, Lake Worth, FL, 33460 | $675,000 | 4 | 2 | 1,359 | -- |
| 416 N D Street #1 AND 2, , FL, 33460 | $599,999 | 2 | 3 | 1,480 | 6,754 Sqft |
| 801 S B Street, , FL, 33460 | $749,000 | 6 | 4 | 3,027 | 6,769 Sqft |
| 925 S Pine Street, Lake Worth, FL, 33460 | $650,000 | 4 | 2 | 1,624 | 10,319 Sqft |
| 301 S M Street, , FL, 33460 | $1,525,000 | 8 | 4 | 3,084 | 10,125 Sqft |
| 1001 S L Street #1 2, , FL, 33460 | $539,000 | 4 | 2 | 1,568 | 6,750 Sqft |
| 622 S C Street #1, , FL, 33460 | $475,000 | 4 | 2 | 1,448 | 6,754 Sqft |
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ByOwner last updated this listing 09/05/2026 @ 13:29
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