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Pinnacle Real Estate Group – FL

301 S M Street, Lake Worth Beach, FL 33460 (MLS# B26053634)

301 S M Street, Lake Worth Beach, FL 33460

$1,425,000
Property Type: Residential Income Square Footage: 3,084 Status: Active
Current Price: $1,425,000 List Date: 7/17/2026 Last Modified: 9/24/2026

Overview

Description

Well-maintained 5-unit multifamily property comprised of one 1-bedroom/1-bathroom unit and four 2-bedroom/1-bathroom units. The property generates $10,405 in gross monthly rental income, providing strong in-place cash flow with continued upside through future rental growth. Ideally situated just minutes from downtown Lake Worth Beach, the Intracoastal Waterway, and the beach, the asset offers investors a stable income-producing opportunity in one of Palm Beach County's most desirable rental markets.

Listing Details MLS# B26053634

General Property Information

Number Of Units Total
4
Property Sub Type
Quadruplex
Building Area Main
3084
Building Area Source
Public Records
Living Area Main
3084
Living Area Source
Public Records
Accessibility Features YN
No
Year Built
1925
Gated Community YN
No
Lot Size Area
10125
Lot Size Acres
0.23
Senior Community YN
No
Stories Total
2
Pool Private YN
No
LP/Assessed Value
3.16

Property Features

Documents Available: Investment Analysis Exterior Features: None Flooring: Wood Foundation Details: None Leasing Permitted Details: Okay To Lease Property Condition: Resale Special Listing Conditions: Standard Structure Type: Quadruplex Tenant Pays: Cable TV; Electricity Source Of Expenses: Owner Provided Construction Materials: Frame Cooling: Central Individual Heating: Central Individual Listing Terms: Cash; Conventional; FHA Membership: No Membership Available Pets Allowed YN: No Possession: Close Of Escrow Restrictions: No Restrictions Road Frontage Type: East of US-1 Roof: Built-Up Sewer: Public Sewer Tax Information: City/County; Lake Worth Drain District Utilities: Cable Available; Electricity Available 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: Other Unit 1 Rooms: Kitchen Unit 2 Appliances: Range; Refrigerator Unit 2 Other Equipment: Other Equipment Unit 2 Parking Features: Other Unit 2 Rooms: Kitchen Unit 3 Appliances: Range; Refrigerator Unit 3 Other Equipment: Other Equipment Unit 3 Parking Features: Other Unit 3 Rooms: Kitchen Unit 4 Appliances: Range; Refrigerator Unit 4 Other Equipment: Other Equipment Unit 4 Parking Features: Other Unit 4 Rooms: Kitchen Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
1525000
Listing Service
Limited Service
Seller Represented YN
No

Location and Legal

Country
United States
County Or Parish
Palm Beach
Street Number
301
Street Direction Prefix
S
Street Name
M
Street Suffix
Street
Municipality Type
Incorporated
Municipal Code
38
State Or Province
FL
Postal Code
33460
Postal Code +4
4572
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
38434421151110170
Subdivision Number
15
Zoning
SF-R (city)
Flood Zone
X
Directions
Use Navigation
Multiple Offers Accepted
No

Financial Information

Master Association YN
No
Tax Annual Amount
13611.96
Tax Year
2025
Tax Assessed/SOH Value
450667
Tax Legal Description
TOWN OF LAKE WORTH LTS 17 THRU 19 BLK 111
Assessor Market Value
625141

Status Change Information

Major Change Timestamp
2026-09-24T20:37:40Z
Major Change Type
Price Reduced
Price Change Timestamp
2026-09-24T20:37:40Z
Status Change Date
2026-07-17

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
55864
Gross Income
151066
Net Operating Income
95202

Leasing Restrictions

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

Unit 1 Details

Actual Rent
2155
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished
Hotel Room YN
No
SqFt
650

Unit 1 Lease Description

Currently Leased YN
No

Unit 1 Parking Details

Carport YN
No
Garage YN
No

Unit 2 Details

Actual Rent
2150
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished
Hotel Room YN
No
SqFt
650

Unit 2 Lease Description

Currently Leased YN
No

Unit 2 Parking Details

Carport YN
No
Garage YN
No

Unit 3 Details

Actual Rent
2150
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished
Hotel Room YN
No
SqFt
650

Unit 3 Lease Description

Currently Leased YN
No

Unit 3 Parking Details

Carport YN
No
Garage YN
No

Unit 4 Details

Actual Rent
2350
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished
Hotel Room YN
No
SqFt
650

Unit 4 Lease Description

Currently Leased YN
No

Unit 4 Parking Details

Carport YN
No
Garage YN
No

Price Calculations

Current Price To SqFt
494.48

Originating Details

Originating System Key
20260717155913395631000000
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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