309 S Palmway, Lake Worth, FL 33460

$2,000,000 · Active

  • 0 baths
  • 4,032 sq ft
  • 6 days on market
  • Quadruplex
  • Built 1964
  • Updated/Remodeled
  • Palm Beach County
  • MLS# A12116601
  • Lake Worth Town Of
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About this home

Kislak is pleased to present 309 South Palmway, an eight-unit multifamily investment opportunity in the highly desirable Bryant Park neighborhood of Lake Worth Beach, Florida. South Palmway is one of Lake Worth Beach’s most sought-after residential streets, prized for its established character, proximity to the Intracoastal Waterway and access to downtown. The property is just one block from Bryant Park and minutes from Downtown Lake Worth Beach and the Atlantic Ocean. The two-story property consists of eight one-bedroom/one-bathroom residences.Recent capital improvements include a new roof, impact-resistant windows and doors, and complete exterior painting. Amenities include private patios and storage sheds for the four first-floor residences, a detached CBS laundry building with coin-operated washer and dryer, and nine designated, lighted on-site parking spaces.The offering provides investors an opportunity to acquire a well-maintained multifamily asset with significant rental upside. Current rents range from $1,400 to $1,615 per month, compared with projected market rents of $1,800 per unit, representing approximately $29,520 in potential additional annual base rental income. The property's premier South Palmway location, recent improvements and rental upside present a compelling investment opportunity in one of Palm Beach County's desirable coastal markets.

Schools

  • Elementary: South Grade
  • Middle: Lake Worth
  • High: Lake Worth

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

J.I. Kislak Realty Corp · gramirez@kislakrealty.com · Listing agent: Alexis Shapiro

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Schedule a showing

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to see 309 S Palmway.

Before You Make an Offer

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Questions About 309 S Palmway

How much is 309 S Palmway?
309 S Palmway is listed at $2,000,000, which is about $496 per square foot. The listing page shows comparable active listings and recent closed sales nearby so you can judge the asking price against what buyers have actually paid.
What are the property taxes on 309 S Palmway?
The listing reports annual property taxes of $25,132 for 2026. Taxes are reassessed at the sale price after a purchase, so a new owner's bill can differ from the current owner's; use the mortgage calculator on this page for an estimate.
When was 309 S Palmway built?
309 S Palmway was built in 1964 and the listing describes its condition as updated/remodeled. Age matters for insurance and financing in Florida: ask about the roof, the electrical panel and, for a condo built before the current code, the building's structural reserve study.
How long has 309 S Palmway been on the market?
309 S Palmway has been listed for 6 days. Days on market and price changes are the first signals of how much room there is to negotiate.
Which schools serve 309 S Palmway?
The MLS lists South Grade (elementary), Lake Worth (middle), Lake Worth (high). School assignments are set by the district and can change; verify them with the school board before you rely on them.
How do I see 309 S Palmway?
Request a showing from this page or call BreakThru Realty and a licensed agent will arrange a private tour, in person or by video, and answer anything the listing leaves out.

To request a tour, call (786) 914-1017 or email sales@breakthrurealty.com.

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Nearby ZIP Codes

Nearby ZIP codes include 33461 and 33480. This property also neighbors Lake Worth Beach, South Palm Beach, and Lantana.