715 Washington Ave Unit 1-4 Lake Worth, FL 33460
Whispering Palms NeighborhoodEstimated payment $8,060/month
About This Home
Exceptional investment opportunity in the heart of Lake Worth Beach! This solid 4-unit multifamily at 715 Washington Ave features four spacious 3-bedroom, 1-bath apartments, each with its own washer & dryer, separate water and electric meters, and private entrances. Three units are currently rented at $2,200/month, with one vacant unit; market rent potential is $2,500/month per unit, bringing possible gross annual revenue to $120,000. Units offer bright living spaces, functional kitchens, and a well-maintained layout. Situated on a generous lot with off-street parking, the property is close to schools, shopping, dining, public transit, downtown, and beautiful beaches. With strong rental demand and value-add potential, this is an ideal cash-flowing asset for any investor.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,492
Year Built
- Built in 1980
Home Design
- Shingle Roof
- Composition Roof
Interior Spaces
- 4,528 Sq Ft Home
- 2-Story Property
- Ceramic Tile Flooring
Additional Features
- 6,750 Sq Ft Lot
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 38434434010000500
- Seller Considering Concessions
Community Details
Overview
- 4 Units
- Osborne Add Amnd Subdivision
Building Details
- Operating Expense $33,492
- Net Operating Income $72,148
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 |
|---|---|---|---|---|
| 2024 | $17,492 | $700,721 | -- | -- |
| 2023 | $19,415 | $768,534 | $0 | $0 |
| 2022 | $18,470 | $698,667 | $0 | $0 |
| 2021 | $16,534 | $635,152 | $96,000 | $539,152 |
| 2020 | $9,930 | $353,059 | $96,000 | $257,059 |
| 2019 | $9,188 | $317,570 | $80,000 | $237,570 |
| 2018 | $8,384 | $290,517 | $74,520 | $215,997 |
| 2017 | $5,763 | $248,767 | $64,800 | $183,967 |
| 2016 | $5,237 | $133,249 | $0 | $0 |
| 2015 | $5,200 | $121,135 | $0 | $0 |
| 2014 | $4,758 | $110,123 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/06/2025 10/06/25 | Price Changed | $1,250,000 | -3.8% | $276 / Sq Ft |
| 08/14/2025 08/14/25 | For Sale | $1,300,000 | -- | $287 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $805,000 | Consumers First Title Co Inc | |
| Warranty Deed | $350,000 | Firm Title Corp | |
| Deed | -- | Firm Title Corp | |
| Warranty Deed | $100 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $823,515 | VA |
Source: BeachesMLS
MLS Number: R11115975
APN: 38-43-44-34-01-000-0500
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