1001 S Federal Hwy — Sale in Lake Worth Beach, FL
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Lake Worth Beach, FL 33460
Photos
Investment Figures
- Cap rate
- 6.24%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Marcus & Millichap is pleased to present an eight-unit multifamily property located at 1001 S Federal Highway in Lake Worth Beach, Florida. Built in 1958, the property totals 3,762 gross square feet and is situated on a 0.31-acre lot. The asset features a pitched concrete tile roof and consists of six one-bedroom/one-bathroom units and two studio units, providing an efficient unit mix in one of Palm Beach County's strongest rental submarkets. The property has undergone extensive capital improvements, including new mini-split air conditioning systems throughout, all new hurricane impact windows, and replacement of the plumbing with new PVC and copper piping. Ownership has also completed extensive interior renovations throughout the property, while new laundry machines are provided free of charge to residents, further enhancing tenant appeal and minimizing future capital expenditure requirements. The property is strategically located along South Federal Highway, offering convenient access to Downtown Lake Worth Beach, Downtown Lantana, and the Lake Worth Beach waterfront. Residents enjoy proximity to a variety of restaurants, retail destinations, and entertainment venues, while nearby employment drivers include JFK Medical Center, Palm Beach County government offices, and the surrounding healthcare and commercial corridors. Interstate 95 is also just minutes away, providing excellent connectivity throughout Palm Beach County. 1001 S Federal Highway presents an opportunity to acquire a fully renovated boutique multifamily asset with significant recent capital improvements in a rapidly improving coastal market. The combination of upgraded building systems, modernized interiors, and an exceptional location positions the property for stable cash flow and long-term appreciation. Investment Highlights: • Boutique 8-Unit Community Featuring Six 1-Bedroom Units And Two Studios • Mini-Split A/C Systems, Impact Windows, And PVC & Copper Plumbing • Extensively Renovated Interio
Market Context
This multifamily in Lake Worth Beach, FL is listed for sale. It is offered at an approximate 6.2% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Lake Worth Beach, FL — view the full market.
As of Q2 2026, the Palm Beach multifamily market showed a 6.7% vacancy rate. Source: Cushman & Wakefield Q2 2026 market report.
Multifamily market FAQ
- Is the Palm Beach multifamily market tightening or softening?
- Vacancy is around 6.7% (Q2 2026).
Contact
- River Rhoads · (954) 245-3494 · river.rhoads@marcusmillichap.com
- Daniel Cunningham · (954) 245-3584 · daniel.cunningham@marcusmillichap.com
- Evan Richardson · (954) 245-3501 · evan.richardson@marcusmillichap.com
- Dillon Majeski · (954) 245-3415 · dillon.majeski@marcusmillichap.com
- Cory Sanchez · (954) 245-3445 · cory.sanchez@marcusmillichap.com
- Garrett Fierstein · (407) 557-3862 · garrett.fierstein@marcusmillichap.com
Explore this market
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