Investment Overview

Marcus & Millichap is pleased to present 4th Avenue Apartments, a three-unit multifamily property located at 714 4th Avenue N in Lake Worth Beach, Florida. Built in 1952, the property totals 2,354 gross square feet and is situated on a 0.08-acre lot. The building is of wood frame construction with a flat built-up roof. The unit mix consists of one two-bedroom/two-bathroom unit, one two-bedroom/one-bathroom unit, and one one-bedroom/one-bathroom unit, offering a flexible layout that appeals to a range of tenant types. The varied unit mix provides both larger floorplans and smaller, more affordable options within a compact footprint. The property is located just north of Downtown Lake Worth Beach, providing convenient access to Lake Avenue’s dining, retail, and entertainment corridor, as well as the Intracoastal Waterway and Lake Worth Beach Park. Nearby employment drivers include JFK Medical Center, local municipal offices, and surrounding service-based employment throughout Palm Beach County. 4th Avenue Apartments offers investors the opportunity to acquire a low-density multifamily asset in a highly walkable and supply-constrained submarket, with strong rental demand driven by its proximity to downtown amenities, the waterfront, and major employment centers.