301 S M St — 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

301 S M St — Sale in Lake Worth Beach, FL, photo 1 of 2
301 S M St — Sale in Lake Worth Beach, FL, photo 2 of 2

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 M Street Apartments, a five-unit multifamily property located at 301 S M Street in Lake Worth Beach, Florida. Built in 1925, the property totals 3,084 gross square feet and is situated on a 0.23-acre lot. The asset is constructed of wood frame with a flat roof and consists of four two-bedroom/one-bathroom units and one studio unit, offering a desirable mix of larger floorplans and efficient living spaces. The property has undergone extensive capital improvements, including all new air conditioning systems with manufacturer warranties, completely renovated bathrooms, and replacement of the plumbing with new PVC and copper piping. Additionally, the property has been recently painted, enhancing curb appeal and minimizing near-term capital expenditures for a future owner. M Street Apartments is ideally located just south of Downtown Lake Worth Beach, providing residents with convenient access to Lake Avenue's restaurants, breweries, coffee shops, boutiques, and entertainment venues. The property is also minutes from the Intracoastal Waterway, Lake Worth Beach Park, Interstate 95, and major employment centers including JFK Medical Center, Palm Beach County government offices, and the surrounding healthcare and commercial corridors. M Street Apartments presents an opportunity to acquire a well-maintained boutique multifamily asset in one of Palm Beach County's most walkable coastal communities. With significant recent capital improvements, a desirable unit mix, and a prime infill location, the property is well positioned for stable cash flow and long-term appreciation. Investment Highlights: • New A/C Systems, Renovated Bathrooms, And New PVC & Copper Plumbing • Boutique 5-Unit Community Featuring Four Spacious 2-Bedroom Units And One Studio • Minutes From Downtown Lake Worth Beach, The Intracoastal, And I-95

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.

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Is the Palm Beach multifamily market tightening or softening?
Vacancy is around 6.7% (Q2 2026).

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