226 S Palmway 1, Lake Worth Beach, FL 33460

$899,000

Virtual Tour

https://www.propertypanorama.com/226-S-Palmway-1-Lake-Worth-Beach-FL-33460/unbranded

Property Type: Residential Income Square Footage: 2,140 Status: Active

Current Price: $899,000 List Date: 1/08/2026 Last Modified: 4/23/2026

Overview

Description

Located in one of Lake Worth Beach's most walkable and desirable areas, this turn-key quadplex offers an outstanding blend of location, lifestyle, and income. Just 1 mile from the beach and steps from Lake Avenue's shops and restaurants, the property includes four fully equipped 1-bed, 1-bath units with impact windows, tropical landscaping, and off-street parking for four vehicles. A spacious patio creates an inviting outdoor retreat, while established rental operations generate approximately $114,000 in annual gross revenue.

Listing Details MLS# R11152490

General Property Information

Number Of Units Total: 4
Property Sub Type: Quadruplex
Building Area Main: 2140
Building Area Source: Appraiser
Living Area Main: 2024
Year Built: 1925
Gated Community YN: No
Lot Size Area: 5400
Lot Size Acres: 0.12
Lot Size Dimensions: 40.0 ft x 135.0 ft
Senior Community YN: No
Stories: 2
Pool Private YN: No

Property Features

Association Amenities: None Documents Available: None Electric: Three Phase Flooring: Laminate Property Condition: Resale Structure Type: Quadruplex Tenant Pays: Cable TV; Common Area Maintenance; Electricity; Insurance; Repairs; Sewer; Taxes; Water; None Source Of Expenses: Owner Provided Construction Materials: Frame; Stucco Cooling: Ceiling Fan(s); Wall/Window Unit(s) Heating: Window/Wall Listing Terms: Cash; Conventional; FHA Lot Features: Fruit Tree(s); Room for Pool Possession: Close Of Escrow; Negotiable Restrictions: No Restrictions Roof: Composition; Mansard Sewer: Public Sewer Tax Information: City/County Utilities: Cable Available; Sewer Available; Water Available Water Access: None Water Source: Public Window Features: Storm Window(s) Showing Requirements: Call Listing Agent; Occupied; See Remarks Occupant Details: Tenant Occupied Unit 1 Appliances: Microwave; Refrigerator Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: Open Parking; Parking Space Unit 1 Rooms: Kitchen Unit 2 Appliances: Microwave; Refrigerator Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: Open Parking; Parking Space Unit 2 Rooms: Kitchen Unit 3 Appliances: Microwave Unit 3 Other Equipment: Air Conditioning Unit Unit 3 Parking Features: Open Parking; Parking Space Unit 3 Rooms: Kitchen Unit 4 Appliances: Microwave Unit 4 Other Equipment: Air Conditioning Unit Unit 4 Parking Features: Open Parking; Parking Space Unit 4 Rooms: Kitchen Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 899000
Negotiable Seller Concessions YN: Yes

Location and Legal

Country: United States
County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 226
Street Direction Prefix: S
Street Name: Palmway
Unit Number: Yes
City Name: Lake Worth Beach
State Or Province: FL
Postal Code: 33460
Postal Zip: 33460
Subdivision Name: LAKE WORTH TOWN OF
Area: 5610
Geographic Area: PB16
Parcel Number: 38434421150990021
Zoning: MF-20
Directions: From 95: Exit 63, east on 6th Ave S, left on Federal Hwy, right on 3rd Ave S, left on S Palmway, 226 is on the right (look for 4-space parking lot)

Financial Information

Tax Annual Amount: 14983.7
Tax Year: 2025
Tax Legal Description: TOWN OF LAKE WORTH N 40 FT OF LT 2 BLK 99

Status Change Information

Major Change Timestamp: 2026-01-08T15:59:55Z
Major Change Type: New Listing
Status Change Date: 2026-01-08

More Information

Meter Information

Separate Electric Meters YN: Yes
Separate Water Meters YN: Yes

Short Sale Details

Short Sale Addendum: No

Income and Expenses

Annual Total Expense: 65892
Gross Income: 114000
Net Operating Income: 48108

Storm Protection

Impact Glass: Complete

Showing Details

Pet(s) on Premises: No

Unit 1 Details

Baths Full: Yes
Furnished: Furnished
SqFt: 600
Actual Rent: 0

Unit 2 Details

Baths Full: Yes
Furnished: Furnished
SqFt: 450
Actual Rent: 0

Unit 3 Details

Baths Full: Yes
Furnished: Furnished
SqFt: 600
Actual Rent: 0

Unit 4 Details

Baths Full: Yes
Furnished: Furnished
SqFt: 450
Actual Rent: 0

Price Calculations

Current Price To SqFt: 444.16

Originating Details

Originating System Key: 20260108153701166437000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Association Amenities

None: Yes

Electric

Three Phase: Yes

Flooring

Laminate: Yes

Property Condition

Resale: Yes

Documents Available

None: Yes

Structure Type

Quadruplex: Yes

Tenant Pays

Cable TV: Yes
Common Area Maintenance: Yes
Electricity: Yes
Insurance: Yes
Repairs: Yes
Sewer: Yes
Taxes: Yes
Water: Yes
None: Yes

Possession

Close Of Escrow: Yes
Negotiable: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes
Sewer Available: Yes
Water Available: Yes

Heating

Window/Wall: Yes

Water Access

None: Yes

Window Features

Storm Window(s): Yes

Construction Materials

Frame: Yes
Stucco: Yes

Listing Terms

Cash: Yes
Conventional: Yes
FHA: Yes

Lot Features

Fruit Tree(s): Yes
Room for Pool: Yes

Roof

Composition: Yes
Mansard: Yes

Water Source

Public: Yes

Source Of Expenses

Owner Provided: Yes

Cooling

Ceiling Fan(s): Yes
Wall/Window Unit(s): Yes

Showing Requirements

Call Listing Agent: Yes
Occupied: Yes
See Remarks: Yes

Restrictions

No Restrictions: Yes

Tax Information

City/County: Yes

Occupant Details

Tenant Occupied: Yes

Unit 1 Appliances

Microwave: Yes
Refrigerator: Yes

Unit 1 Other Equipment

Air Conditioning Unit: Yes

Unit 1 Parking Features

Open Parking: Yes
Parking Space: Yes

Unit 1 Rooms

Kitchen: Yes

Unit 2 Appliances

Microwave: Yes
Refrigerator: Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes

Unit 2 Parking Features

Open Parking: Yes
Parking Space: Yes

Unit 2 Rooms

Kitchen: Yes

Unit 3 Appliances

Microwave: Yes

Unit 3 Other Equipment

Air Conditioning Unit: Yes

Unit 3 Parking Features

Open Parking: Yes
Parking Space: Yes

Unit 3 Rooms

Kitchen: Yes

Unit 4 Appliances

Microwave: Yes

Unit 4 Other Equipment

Air Conditioning Unit: Yes

Unit 4 Parking Features

Open Parking: Yes
Parking Space: Yes

Unit 4 Rooms

Kitchen: Yes

Acreage Description

Less Than 1/4 Acre Lot: Yes

Listing Office: LPT Realty, LLC

Last Updated: April - 23 - 2026

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226 S Palmway 1, Lake Worth Beach, FL 33460 (MLS# R11152490)