923 N FEDERAL Highway
Lake Worth Beach, FL 33460
$449,000
Excellent Income-Producing Investment Opportunity with Room to Increase Rents!
Legal duplex property featuring three separate rental units, including two charming 1-bedroom, 1-bathroom cottages and an additional studio unit. Currently generating steady rental income, with the two 1-bedroom units renting for $1,500 and $1,350 per month, and the studio renting for $1,350 per month, for a total monthly rental income of $4,200 ($50,400 annually). There is additional potential to increase rents and maximize your return on investment! The property features frame construction, freshly painted interiors and exteriors, and a roof in good condition. Each unit offers comfortable living spaces with plenty of charm. Additional highlights include separate water and electric meters, on-site laundry
| List Price: | $449,000 |
|---|---|
| Property Type: | Residential Income |
| Status: | Active |
| Living Area: | 592 |
| Tax Annual Amount: | $5,960 |
| Lot Size Acres: | 0.16 |
| Waterfront?: | No |
| Subdivision: | Lake Worth Town Of |
| Year Built: | 1925 |
| Association?: | No |
| Basement Yn: | No |
| Building Area Source: | PublicRecords |
| Construction Materials: | Frame |
| Cooling: | CeilingFans, WallWindowUnits |
| Elementary School: | North Grade K-8 |
| Exterior Features: | Courtyard, OutdoorLivingArea, UncoveredCourtyard |
| Heating: | Other |
| High School: | Lake Worth |
| Levels: | One |
| Listing Contract Date: | 2026-11-03 |
| Lot Features: | LessThanQuarterAcre |
| Lot Size Dimensions: | 0.1550 ACRES |
| Middle Or Junior School: | Lake Worth |
| MLS Area Major: | 5600 |
| Mobile Dim Units: | Feet |
| New Construction?: | No |
| Number Of Units In Community: | 2 |
| Original List Price: | $449,000 |
| Other Structures: | Outbuilding |
| Parcel Number: | 38434421152860110 |
| Parking Total: | 6 |
| Pets Allowed: | NoPetRestrictions, Yes |
| Possession: | CloseOfEscrow |
| Postal City: | Lake Worth Beach |
| Property Condition: | Resale |
| Road Responsibility: | PublicMaintainedRoad |
| Roof: | Composition |
| Sewer: | PublicSewer |
| Special Listing Conditions: | Standard, ListedAsIs |
| Stories Total: | 1 |
| Tax Year: | 2025 |
| View?: | Yes |
| Current Price: | $449,000.00 |
| Country Subdivision: | 12099 |
| Universal Parcel Id: | urn:reso:upi:2.0:US:12099:38434421152860110 |
| Listing Id: | B26096155 |
|---|---|
| Property Sub Type: | Duplex |
| 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: | 964.0 |
| Cooling?: | Yes |
| Electric: | Phases3 |
| Financial Data Source: | Owner |
| Flooring: | Tile |
| Gross Income: | $28,200 |
| Heating?: | Yes |
| Laundry Features: | CommonArea |
| Listing Agreement: | ExclusiveRightToSell |
| Listing Terms: | Cash, Conventional, FHA |
| Living Area Source: | Appraiser |
| Lot Size Area: | 6752.0 |
| MLS Area Minor: | Pb16 |
| Net Operating Income: | $24,458 |
| Number Of Separate Electric Meters: | 3 |
| Number Of Separate Water Meters: | 3 |
| Pool Private?: | No |
| Postal Code Plus4: | 2608 |
| Public Survey Township: | 38 |
| Road Frontage Type: | CityStreet |
| Road Surface Type: | AlleyPaved |
| Senior Community?: | No |
| State Or Province: | FL |
| Stories: | 1 |
| Tax Assessed Value: | $217,348 |
| Tenant Pays: | CableTv, Electricity, Repairs |
| Utilities: | CableAvailable, ElectricityAvailable, SewerConnected, WaterAvailable |
| View: | Other |
| Waterfront Features: | None |
| Water Source: | MultipleMeters, Public |
| Zoning: | MU-FH (city) |
| Property Sub Type Additional: | Duplex |
| List Office National Association Id: | 276539548 |
| Pets Allowed Yn: | Yes |
| Record Signature: | 259,668,054 |
Listing Courtesy of: Paradise Real Estate Intl
Listing Agent: Ashley Vance
646-265-6412
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 November 04, 2026 04:38 AM - ET
Property Last Updated: November 04, 2026 04:38 AM - ET
