$1,300,000

715 Washington Ave Unit 1-4 Lake Worth, FL 33460

Whispering Palms Neighborhood

Estimated payment $8,541/month

Total Views 95
-- Bed
-- Bath
4,528 Sq Ft
$287 Price per Sq Ft

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.

Listing Agent

Ahmed Abdeldayem

KW Innovations License #3309101 Listed on: 08/14/2025

KW Innovations

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,492

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: Take dixie ave to Washington ave.
  • Year Built: 1980
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Private Spa: No
  • Flooring: Ceramic Tile
  • Living Area: 4528.0

Exterior Features

  • Exterior Features: None
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Utilities: Electricity Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 38434434010000500
  • Lot Size: 50.0 ft x 135.0 ft
  • Lot Size Sq Ft: 6750.0
  • Zoning Description: SF-TF-

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 72148.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 33492.0

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 17492.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2025 08/14/25 For Sale $1,300,000 -- $287 / Sq Ft
Source: BeachesMLS

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 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $823,515 VA
Source: Public Records

Source: BeachesMLS

MLS Number: R11115975

BeachesMLS

APN: 38-43-44-34-01-000-0500

Florida Palm Beach County Lake Worth 33460 Whispering Palms

715 Washington Ave Unit 1-4, Lake Worth, FL

This home is located at 715 Washington Ave Unit 1-4, Lake Worth, FL 33460 and is currently priced at $1,300,000, approximately $287 per square foot. This property was built in 1980. 715 Washington Ave Unit 1-4 is a home located in Palm Beach County with nearby schools including Barton Elementary School, Lake Worth High School, and Lantana Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Ahmed Abdeldayem
Listing Agent
Ahmed Abdeldayem
Section Image
KW Innovations
(305) 801-5871