431 S M Street, #1-5
Lake Worth Beach, FL 33460
$1,250,000
EXCELLENT INVESTMENT IN AN EXCELLENT LOCATION! THIS IS A WELL MAINTAINED 5 UNIT BUILDING ON 4 LOTS WITH LUSH LANDSCAPING AND BEAUTIFUL OAK TREES WITH 4 -2 BEDROOMS AND 1 -1 BEDROOMS WHICH BRINGS IN EXCELLENT RENTS. THERE HAS BEEN SPECIAL IMPROVEMENTS TO THE BUILDING INCLUDING NEW IMPACT GLASS WINDOWS, NEW CUSTOMIZED ROOF, TANKLESS HOT WATER HEATERS, NEW UPDATED ELECTRICAL SYSTEM, UPGRADES TO THE INSIDE INCLUDING COMPLETE REMODEL IN # 3, COMPLETE PANTING IN 2022, FULLY FENCED IN YARD, AND MANY MORE! THERE IS ALSO COIN LAUNDRY ON THE PREMISES. TRULY A MUST SEE, MAKE OFFER!
| List Price: | $1,250,000 |
|---|---|
| Property Type: | Residential Income |
| Status: | Active |
| Living Area: | 4,074 |
| Tax Annual Amount: | $16,066 |
| Lot Size Acres: | 0.23 |
| Waterfront?: | No |
| Subdivision: | Lake Worth Town Of |
| Year Built: | 1925 |
| Basement Yn: | No |
| Building Area Source: | PublicRecords |
| Construction Materials: | Frame |
| Cooling: | CeilingFans, WallWindowUnits |
| Elementary School: | South Grade |
| Exterior Features: | Balcony, Courtyard, OutdoorLivingArea, OutdoorShower, Other, UncoveredCourtyard, RoomForPool |
| Fencing: | BackYard, Fenced, Full, FrontYard, Wood |
| Heating: | WallFurnace |
| High School: | Lake Worth |
| Levels: | One, ThreeOrMore |
| Listing Contract Date: | 2026-10-22 |
| Lot Features: | CornerLot, FruitTrees, IrregularLot, Landscaped, OversizedLot, LessThanQuarterAcre |
| Lot Size Dimensions: | 50.0 ft x 0.0 ft |
| Middle Or Junior School: | Lake Worth |
| MLS Area Major: | 5610 |
| Mobile Dim Units: | Feet |
| Number Of Separate Gas Meters: | 4 |
| Number Of Units In Community: | 4 |
| Operating Expense: | $22,000 |
| Original List Price: | $1,250,000 |
| Other Structures: | Gazebo |
| Parcel Number: | 38434421151570291 |
| Parking Total: | 5 |
| Pets Allowed: | PetFee, PetRestrictions, Yes |
| Possession: | CloseOfEscrow |
| Postal City: | Lake Worth Beach |
| Property Condition: | Resale |
| Road Responsibility: | PublicMaintainedRoad |
| Roof: | Composition, Metal |
| Sewer: | PublicSewer |
| Special Listing Conditions: | Standard |
| Stories Total: | 3 |
| Tax Year: | 2025 |
| View?: | Yes |
| Window Features: | EnergyStarQualifiedWindows, InsulatedWindows, StormWindows |
| Current Price: | $1,250,000.00 |
| Country Subdivision: | 12099 |
| Universal Parcel Id: | urn:reso:upi:2.0:US:12099:38434421151570291 |
| Listing Id: | B26092508 |
|---|---|
| Property Sub Type: | Quadruplex |
| Association Fee: | $0 |
| City: | Lake Worth Beach |
| County Or Parish: | Palm Beach |
| Postal Code: | 33460 |
| Number Of Units Total: | 4 |
| Accessibility Features: | None |
| Building Area Total: | 4564.0 |
| Cooling?: | Yes |
| Electric: | Phases3 |
| Financial Data Source: | Other |
| Flooring: | Carpet, Laminate, Tile, Wood |
| Foundation Details: | Block |
| Gross Income: | $117,600 |
| Heating?: | Yes |
| Laundry Features: | CommonArea |
| Listing Agreement: | ExclusiveRightToSell |
| Listing Terms: | Cash, Conventional |
| Living Area Source: | PublicRecords |
| Lot Size Area: | 10129.0 |
| MLS Area Minor: | Pb16 |
| Net Operating Income: | $95,600 |
| Number Of Separate Electric Meters: | 5 |
| Other Equipment: | CallListingAgent |
| Patio And Porch Features: | Covered, Open, Patio, Porch, Balcony |
| Postal Code Plus4: | 4521 |
| Public Survey Township: | 38 |
| Road Frontage Type: | CityStreet, Easement |
| Road Surface Type: | Asphalt, Gravel |
| State Or Province: | FL |
| Stories: | 3 |
| Tax Assessed Value: | $600,721 |
| Tenant Pays: | CableTv, Electricity, Gas |
| Utilities: | CableAvailable, NaturalGasAvailable, SewerAvailable, WaterAvailable |
| View: | Garden |
| Waterfront Features: | None |
| Water Source: | Public |
| Zoning: | SF-R (city) |
| Property Sub Type Additional: | Quadruplex |
| Pet Deposit: | $100 |
| List Office National Association Id: | 276590172 |
| Pets Allowed Yn: | Yes |
| Record Signature: | 1,028,464,626 |
Listing Courtesy of: Coastline Realty, Inc.
Listing Agent: Peter G Muller
561-254-8925
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 BeachesMLS, Inc. All rights reserved.
BeachesMLS data last updated on October 26, 2026 06:09 AM - ET
Property Last Updated: October 26, 2026 06:09 AM - ET
