Federal Flats — 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
- 5.90%
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 Federal Flats, a five-unit multifamily property located at 131 S Federal Highway in Lake Worth Beach, Florida. The property totals 3,112 gross square feet and is situated on a 0.31-acre lot. The asset consists of three buildings featuring a combination of concrete block and wood frame construction, pitched composite shingle and flat roof systems, and new mini-split air conditioning systems throughout, all backed by manufacturer warranties. The unit mix consists of 3 studio units, 1 one-bedroom/one-bathroom unit, and 1 three-bedroom/one-bathroom unit, offering a diverse range of floorplans that appeal to both individual renters and larger households. The property has undergone extensive capital improvements, including replacement of the plumbing with new PVC and copper piping, renovated bathrooms throughout, and a complete gut renovation of the three-bedroom home featuring high-end interior finishes. The property also includes new laundry machines provided free of charge to tenants, further enhancing resident appeal. Federal Flats is strategically located along South Federal Highway, offering immediate 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 growing commercial corridors along Federal Highway and Dixie Highway. Interstate 95 is also just minutes away, providing convenient regional connectivity throughout Palm Beach County. Federal Flats presents a unique opportunity to acquire a boutique, low-density multifamily property with significant recent capital improvements in a rapidly improving coastal submarket. The combination of upgraded building systems, renovated interiors, and a highly accessible location offers investors stable rental demand with long-term appreciation pot
Market Context
This multifamily in Lake Worth Beach, FL is listed for sale. It is offered at an approximate 5.9% 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
Explore this market
Similar Multifamily Property for Sale in Lake Worth Beach, FL
- 1001 S Federal Hwy — Contact for price · Lake Worth Beach, FL
- 301 S M St — Contact for price · Lake Worth Beach, FL
- 17 S L St — Contact for price · Lake Worth Beach, FL