RARE MULTI FAMILY OPPORTUNITY. NEW ROOFS. Minutes from Palm Beach State College, John Prince Park, beaches, JFK Medical Center, and I-95 RARE OPPORTUNITY. TWO DUPLEXES CBS construction, located on .31 Acres CORNER LOT directly off of Melaleuca. Each unit has 2 Bedrooms and 1 Bathroom and is approximately 924 square feet. Every unit has their own washer & dryer along with their own central AC. Each unit has one exterior parking spot and property comes with 2 additional GUEST parking spots. All units are currently rented and are now on month to month but have been there for a couple of years. Centrally located near all amenities including Publix right up the street.
Amazing Lake Worth location on this cash-flowing quadplex. All four units are 2 bedroom, 1 bathroom with in-unit laundry. Very desirable for tenants! Two CBS structures with privacy walls/fences, excellent parking, and low maintenance landscaping. Proven rent roll; 3 of 4 units have had limited renovations to increase rent. 4th unit can be delivered vacant and ready for upgrades. In-place rents are market and ready for annual increases. Can be purchased with conventional financing for an outsized return on equity. In-place financials and pro-forma available upon request
Beaches MLS #R10674372
Mar 29, 2021
Pending
—
Feb 11, 2021
Contingent
—
Feb 10, 2021
Listing Removed
—
Jan 19, 2021
Price Changed
$629,000
$170/sq ft
Nov 23, 2020
Listed
$659,900
$179/sq ft
Beaches MLS #R10141818
Aug 5, 2015
Sold
$330,000
$89/sq ft
Jun 5, 2015
Listed
$329,000
$89/sq ft
Beaches MLS #R2153694
Jan 22, 2002
Sold
$140,000
$38/sq ft
Dec 6, 2001
Listing Removed
—
Nov 16, 2001
Listed
$145,000
$39/sq ft
Beaches MLS #R2153755
Dec 6, 2001
Listing Removed
—
Nov 16, 2001
Listed
$145,000
$39/sq ft
Public Records
Jan 19, 1990
Sold
$126,000
$34/sq ft
Public Records
Dec 1, 1977
Sold
$32,000
$9/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$14,593 (+10.0%)
2024
$13,269 (+10.3%)
2023
$12,027 (+6.7%)
2022
$11,267 (+17.9%)
$170,856 + $387,236
$558,092
2021
$9,555 (+3.3%)
$134,760 + $317,852
$452,612
2020
$9,245 (−3.9%)
$200,000 + $233,766
$433,766
2019
$9,617 (+38.2%)
$200,000 + $233,766
$433,766
2018
$6,959 (+15.1%)
2017
$6,046 (+10.3%)
2016
$5,480 (+17.6%)
$56,700 + $183,470
$240,170
2015
$4,659 (+10.0%)
2014
$4,236 (+21.5%)
2013
$3,487 (+1.1%)
2012
$3,450 (−1.5%)
2011
$3,503
Public record
Public record
Zoning
Beds
4
Baths
2
Stories
1
Lot width
93 ft.
Lot depth
—
Lot size
0.31 Acres
Year renovated
2003
Sq. Ft.
1,848
Year built
1973
Style
Multi-Family (5+ Unit)
County
Palm Beach County
APN
00434430060000120
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 4, 2026.
RM
Multifamily Residential District
The RM district is intended primarily for the development of multiple family dwelling units.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Other
Property details
Interior
Virtual Tour Information
Interior Features
Flooring: Tile
Multi-Family Financial Information
# of Units Total: 4
Tenant Pays: Cable TV
Pets Allowed: Yes, No Restrictions
Number Of Units In Community: 4
Exterior
Building Information
Stories Total: 1
Builder Name: Other
Building Area Total: 3,696
Building Area Source: Public Records
Construction Materials: Stucco, CBS
Exterior Features
Fencing: Back Yard, Fenced, Gate
Roof: Shingle
Property Information
Property Sub Type: Quadruplex
Levels: One
Property Condition: Resale
Living Area: 3,696
Road Frontage Type: City Street
Lot Information
Lot Features: Corner Lot
Waterfront YN: No
Waterfront Features: None
Financial
Tax Information
Tax Annual Amount: $14,592.92
Tax Assessed Value: 742820
Tax Year: 2025
Parcel Number: 00434430060000120
Land Lease Information
Land Lease YN: No
Utilities
Utility Information
Water Source: Public
Sewer: Septic Tank
Utilities: Cable Available, Electricity Available, Water Available
Number Of Separate Electric Meters: 4
Number Of Separate Water Meters: 4
Heating & Cooling
Has Heating
Heating: Central
Has Cooling
Cooling: Central Air, Central Individual
Location
School Information
Elementary School: Starlight Cove
Middle Or Junior School: Tradewinds
High School: Lake Worth
Location Information
Directions: Exit 6th Ave from I-95 and head WEST, 6th Ave turns into Melaleuca, make right on Mulberry, Two Duplexes are on the LEFT
Public facts
Beds: 4
Baths: 2.0
Sq. Ft.: 1,848
Stories: 1.0
Lot Size: 0.31 acres
Style: Multi-Family (5+ Unit)
Year Built: 1973
Year Renovated: 2003
County: Palm Beach County
APN: 00434430060000120
Home facts updated by county records on Aug 4, 2026
Around this home
Schools
Starlight Cove Elementary School
Public PreK-5 • Assigned • 1.7mi
4/10
Tradewinds Middle School
Public 6-8 • Assigned • 1.2mi
5/10
Lake Worth High School
Public PreK-12 • Assigned • 2.3mi
2/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
9/10 Heat Factor
7 days above 105° expected this year, 27 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Lake Worth, FL • 33461
Average low and high temperatures (°F)
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91
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88
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75
80
68
77
65
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
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Sun exposure
97/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 23% for direct sun exposure in Lake Worth. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.