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Pinnacle Real Estate Group – FL

131 S FEDERAL Highway, Lake Worth Beach, FL 33460 (MLS# B26053891)

131 S FEDERAL Highway, Lake Worth Beach, FL 33460

$1,425,000
Property Type: Residential Income Square Footage: 3,112 Status: Active
Current Price: $1,425,000 List Date: 7/18/2026 Last Modified: 9/24/2026

Overview

Description

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.

Listing Details MLS# B26053891

General Property Information

Number Of Units Total
4
Property Sub Type
Quadruplex
Building Area Main
3112
Building Area Source
Owner
Living Area Main
3112
Living Area Source
Owner
Accessibility Features YN
No
Year Built
1924
Parking Total
4
Gated Community YN
No
Lot Size Area
13520
Lot Size Acres
0.31
Senior Community YN
No
Stories Total
Yes
Pool Private YN
No
Spa YN
No
LP/Assessed Value
1.84

Property Features

Documents Available: Other Exterior Features: None Flooring: Wood Leasing Permitted Details: Okay To Lease Property Condition: Resale; Updated/Remodeled Special Listing Conditions: Standard Structure Type: Multi Family; Quadruplex Tenant Pays: Cable TV; Electricity Source Of Expenses: Owner Provided Construction Materials: Frame Cooling: None Heating: Central Levels: One Listing Terms: Cash; Conventional; FHA Membership: No Membership Available Other Equipment: None Other Structures: Other Pets Allowed YN: Yes Pets Allowed: No Restrictions Possession: Close Of Escrow Restrictions: See Remarks Road Frontage Type: East of US-1 Road Responsibility: Public Maintained Road Road Surface Type: Asphalt Roof: Metal Sewer: Public Sewer Special Information: Presently Leased Tax Information: City/County Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected Water Access: None Water Source: Public Window Features: Blinds Showing Requirements: 24 Hour Notice; Call Owner Unit 1 Appliances: Range; Refrigerator Unit 1 Other Equipment: Other Equipment Unit 1 Parking Features: Parking Space Unit 1 Rooms: Kitchen Unit 2 Appliances: Range; Refrigerator Unit 2 Other Equipment: Other Equipment Unit 2 Parking Features: Open Parking; Other Unit 2 Rooms: Kitchen Unit 3 Appliances: Range; Refrigerator Unit 3 Other Equipment: Other Equipment Unit 3 Parking Features: Open Parking Unit 3 Rooms: Kitchen Unit 4 Appliances: Range; Refrigerator Unit 4 Other Equipment: Other Equipment Unit 4 Parking Features: Open Parking Unit 4 Rooms: Kitchen Acreage Description: 1/4 To Less Than 1/2 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
1500000
Negotiable Seller Concessions YN
No
Listing Service
Limited Service
Seller Represented YN
No

Location and Legal

Country
United States
County Or Parish
Palm Beach
Street Number
131
Street Direction Prefix
S
Street Name
FEDERAL
Street Suffix
Highway
Municipality Type
Incorporated
Municipal Code
38
State Or Province
FL
Postal Code
33460
Postal Code +4
4286
Subdivision Name
LAKE WORTH TOWN OF
Area
5610
Geographic Area
PB16
Elementary School
South Grade
Middle Or Junior School
Lake Worth
High School
Lake Worth
Special Assessment YN
No
Parcel Number
38434421150430150
Subdivision Number
15
Zoning
MU-E (city)
Flood Zone
X
Directions
Use Navigation
Multiple Offers Accepted
No

Financial Information

Application Required YN
No
Master Association YN
No
Tax Annual Amount
19428.05
Tax Year
2025
Tax Assessed/SOH Value
772580
Tax Legal Description
TOWN OF LAKE WORTH LTS 15 & 16 BLK 43
Assessor Market Value
790272

Status Change Information

Major Change Timestamp
2026-09-24T20:10:06Z
Major Change Type
Price Reduced
Price Change Timestamp
2026-09-24T20:10:06Z
Status Change Date
2026-07-18

More Information

Leasing Permitted Details

Leasing Permitted YN
Yes

Meter Information

Separate Electric Meters YN
Yes
Number Of Separate Electric Meters
4
Separate Gas Meters YN
No
Separate Water Meters YN
No

Income and Expenses

Annual Total Expense
49409
Gross Income
137875
Net Operating Income
88466

Boat and Dock Information

Dock
No

Other Area Details

Living Area Other Structures
1732
Building Area Other Structures
1876
Adjusted Area Other Structures
1772

Pet Details

Pet Fee YN
No

Leasing Restrictions

Leasing - Max Times Per Year
Yes
Leasing - Minimum Number of Days
365

Unit 1 Details

Actual Rent
1900
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished
Hotel Room YN
No
SqFt
980

Unit 1 Lease Description

Currently Leased YN
No
Occupant Type
Tenant

Unit 1 Parking Details

Carport YN
No
Garage YN
No

Unit 2 Details

Actual Rent
1800
Baths Full
Yes
Efficiency YN
Yes
Furnished
Unfurnished
Hotel Room YN
No
SqFt
400

Unit 2 Lease Description

Currently Leased YN
No
Occupant Type
Tenant

Unit 2 Parking Details

Carport YN
No
Garage YN
No

Unit 3 Details

Actual Rent
1950
Baths Full
Yes
Efficiency YN
Yes
Furnished
Unfurnished
Hotel Room YN
No
SqFt
400

Unit 3 Lease Description

Currently Leased YN
No
Occupant Type
Tenant

Unit 3 Parking Details

Carport YN
No
Garage YN
No

Unit 4 Details

Actual Rent
3500
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished
Hotel Room YN
No
SqFt
1075

Unit 4 Lease Description

Currently Leased YN
No
Occupant Type
Tenant

Unit 4 Parking Details

Carport YN
No
Garage YN
No

Price Calculations

Current Price To SqFt
482

Originating Details

Originating System Key
20260718140416530845000000
Originating System ID
M00000170
IDX
Listing Office: Home Sold Realty LLC
Source MLS Verified
Last Updated: September - 24 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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