How much is 505 24th Avenue?

505 24th Avenue is listed at $2,095,000, about $329 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.

What is the cap rate on 505 24th Avenue?

The listing reports net operating income of $123,456 a year, a cap rate of about 5.9% at the $2,095,000 asking price. Seller-reported income is a starting point: verify it against the rent roll, the leases and the operating statements during due diligence.

What is 505 24th Avenue zoned?

The listing reports zoning of Multiple. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.

How big is 505 24th Avenue?

The listing reports 6,362 square feet of building.

When was 505 24th Avenue built?

505 24th Avenue was built in 1978. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.

What are the property taxes on 505 24th Avenue?

The listing reports annual property taxes of $13,764 for 2025. Florida reassesses a non-homestead property after it sells, so budget for the new owner's bill rather than the current one.

How do I tour 505 24th Avenue?

Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.

505 24th Avenue, Lake Worth Beach FL

$2,095,000 · $329 per sq ft · Mixed-Use for sale

Property type: Mixed Use
Asking price: $2,095,000
Price per sq ft: $329
Building size: 6,362 sq ft
Lot size: 39,204 sq ft
Zoning: Multiple
Year built: 1978
Units: 7
Stories: 2
Net operating income: $123,456/yr
Cap rate: 5.9%
Buildings: 6
Parking spaces: 20
Units leased / vacant: 7 leased · — vacant
Parcel ID: 38434416050110110
MLS#: B26024798

Contiguous parcel aireal at 505 24th Avenue, Lake Worth Beach

505 front elevation at 505 24th Avenue, Lake Worth Beach

IMG_0166 at 505 24th Avenue, Lake Worth Beach

IMG_0174 at 505 24th Avenue, Lake Worth Beach

515 side levevtion at 505 24th Avenue, Lake Worth Beach

525 24th Ave N. Lake Worth,FL,33460 001 at 505 24th Avenue, Lake Worth Beach

505 24th Avenue, Lake Worth Beach, FL – mixed-use property photo 7

505 24th Avenue, Lake Worth Beach, FL – mixed-use property photo 8

About this property

Rare opportunity to acquire a four-parcel assemblage encompassing nearly an entire city block in desirable Lake Worth Beach. This unique offering includes 3 single-family homes, 1 duplex, 1 large apartment with private garage, 1 smaller apartment with a four-car garage, and 1 vacant lot. All structures were comprehensively renovated in 2015 with permits, rebuilt to the frame with new foundations, floor framing, electrical, plumbing, insulation, drywall, roofs, impact windows and doors, and hurricane clip reinforcement to current wind codes. Architectural and structural plans, certifications, and permits are available. All improvements are under termite warranty. A truly rare investment and redevelopment opportunity.

Building Features and Utilities

Cable Available
Electricity Available
Phone Available
Water Available
Block

Rent Roll

Unit type	Units	Beds / baths	Size	Rent per unit	Pro forma
3 Bedroom	1	3 / 2	—	$208/mo	—
1 Bedroom	1	1 / 1	—	$125/mo	—
1 Bedroom	1	1 / 1	—	$108/mo	—
2 Bedroom	1	2 / 1	—	$167/mo	—
1 Bedroom	1	1 / 1	—	$100/mo	—
Shop(s)	1	— / 1	—	$125/mo	—
3 Bedroom	1	3 / 2	—	$250/mo	—

7 units. Reported rent $12,996 a year ($1,083 a month).

Unit types and rents as the listing reports them in the MLS. Ask the listing broker for the leases and the trailing twelve months before you rely on them.

Operating Statement

Gross income	$156,000/yr
Property taxes	$13,764/yr
Insurance	$13,500/yr
Other	$2,880/yr
Total operating expenses	$32,544/yr
Net operating income	$123,456/yr
Cap rate at asking price	5.9%

Income and expenses as the seller entered them in the MLS, not verified. A buyer's lender underwrites from the actual statements and the property tax and insurance a new owner will pay.

About the Business at 505 24th Avenue

Included: Building

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

CPRE Organization Inc · coleleavitt@aol.com · Listing agent: Cole D Leavitt

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.

Request a tour or more information

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 505 24th Avenue or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.

Questions About 505 24th Avenue

How much is 505 24th Avenue?: 505 24th Avenue is listed at $2,095,000, about $329 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
What is the cap rate on 505 24th Avenue?: The listing reports net operating income of $123,456 a year, a cap rate of about 5.9% at the $2,095,000 asking price. Seller-reported income is a starting point: verify it against the rent roll, the leases and the operating statements during due diligence.
What is 505 24th Avenue zoned?: The listing reports zoning of Multiple. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.
How big is 505 24th Avenue?: The listing reports 6,362 square feet of building.
When was 505 24th Avenue built?: 505 24th Avenue was built in 1978. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.
What are the property taxes on 505 24th Avenue?: The listing reports annual property taxes of $13,764 for 2025. Florida reassesses a non-homestead property after it sells, so budget for the new owner's bill rather than the current one.
How do I tour 505 24th Avenue?: Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.

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