512 9th Ave N Lake Worth, FL 33460
Mango Groves NeighborhoodEstimated payment $5,366/month
Highlights
- No HOA
- Community Playground
- Heating Available
- Cooling System Mounted To A Wall/Window
- Tile Flooring
About This Home
ROOF 2022 - over $60,000 spent in renovations Desirable Lake Worth Beach location east of US-1. Fourplex with strong in-place income and value-add upside with one unit currently available for lease.
Unit mix and rents: Unit 512: 2BR/1BA rented at $1,950/month (lease through 12/31/2026) Unit 518: 1BR/1BA rented at $1,700/month (lease through 11/30/2026) Unit 516: Studio rented at $1,350/month (lease through 12/31/2026) Unit 514: Studio currently vacant; market rent approximately $1,350-$1,500/month
4 separate electric meters
Roof approximately 5 years old. Parking for 4 vehicles plus street parking. Six onsite coin-operated laundry machines provide additional income potential. Convenient to K-8 school, downtown Lake Worth Beach, shopping, dining, and the beach With ongoing redevelopment, infrastructure improvements, and continued demand for rental housing, property values in Lake Worth Beach have shown steady appreciation over the past several years. Its location east of US-1 is especially desirable due to proximity to the Intracoastal Waterway, beaches, golf course, dining, shopping, and entertainment.
The city's combination of coastal lifestyle, strong rental demand, and comparatively attainable pricing relative to other Palm Beach County markets positions it for continued long-term growth.
For investors, Lake Worth Beach offers a compelling blend of cash flow potential and appreciation upside in a supply-constrained coastal market.
Listing Agent
The Keyes Company Brokerage Phone: 561-577-0398 License #3342965 Listed on: 03/04/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,501
Year Built
- Built in 1955
Lot Details
- 6,750 Sq Ft Lot
Home Design
- Quadruplex
- Mixed Roof Materials
- Stucco
Interior Spaces
- 4 Bathrooms
- 2,043 Sq Ft Home
- 1-Story Property
- Tile Flooring
Schools
- North Grade K-8 Elementary School
- Lake Worth Middle School
- Lake Worth High School
Utilities
- Cooling System Mounted To A Wall/Window
- Heating Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 38434421152840010
Community Details
Overview
- No Home Owners Association
- 4 Units
- Lake Worth Town Of Subdivision
Recreation
- Community Playground
Building Details
- Gross Income $78,000
- Net Operating Income $58,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,992 | $531,120 | -- | -- |
| 2024 | $11,992 | $452,210 | -- | -- |
| 2023 | $12,990 | $504,205 | $195,750 | $308,455 |
| 2022 | $8,359 | $263,813 | $0 | $0 |
| 2021 | $7,287 | $239,830 | $98,250 | $141,580 |
| 2020 | $8,407 | $329,728 | $176,800 | $152,928 |
| 2019 | $7,588 | $267,328 | $114,400 | $152,928 |
| 2018 | $6,763 | $220,802 | $105,575 | $115,227 |
| 2017 | $5,955 | $184,752 | $100,548 | $84,204 |
| 2016 | $6,157 | $195,924 | $0 | $0 |
| 2015 | $4,818 | $133,867 | $0 | $0 |
| 2014 | $4,655 | $125,352 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/04/2026 03/04/26 | For Sale | $80,000 | -84.8% | $39 / Sq Ft | |
| 02/14/2022 02/14/22 | Sold | $527,000 | -4.0% | $258 / Sq Ft | View Prior Sale |
| 12/01/2021 12/01/21 | Pending | -- | -- | -- | |
| 11/27/2021 11/27/21 | For Sale | $549,000 | -- | $269 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $695,000 | None Listed On Document | |
| Warranty Deed | $527,000 | Trident Title | |
| Special Warranty Deed | -- | Os National Llc | |
| Special Warranty Deed | -- | None Available | |
| Special Warranty Deed | $199,302 | Capital Abstract & Title | |
| Trustee Deed | $100,100 | None Available | |
| Warranty Deed | $230,000 | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $521,250 | New Conventional | |
| Previous Owner | $368,900 | New Conventional | |
| Previous Owner | $184,000 | Purchase Money Mortgage |
Source: BeachesMLS (Greater Fort Lauderdale)
MLS Number: R11168652
APN: 38-43-44-21-15-284-0010
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