Investment Overview

Marcus & Millichap is pleased to present D Street Apartments, a five-unit multifamily property located at 331 N D Street, Lake Worth Beach, Florida 33460. Built in 1972, the property is situated on a 0.16-acre lot and features a pitched composite shingle roof and central air conditioning throughout. The unit mix consists entirely of five one-bedroom/one-bathroom apartments, providing an efficient and easily manageable layout. All units are currently leased to The Lord’s Place, a well-established nonprofit organization, offering investors stable and predictable in-place income with reduced management intensity. This institutional tenancy provides a unique credit-quality component rarely found in small-balance multifamily assets. D Street Apartments is located just north of Downtown Lake Worth Beach, offering convenient access to Lake Avenue’s dining, retail, and entertainment corridor, as well as the Intracoastal Waterway, Lake Worth Beach Park, and major employment centers including JFK Medical Center and municipal offices. The surrounding area continues to benefit from ongoing redevelopment, infrastructure investment, and sustained demand for affordable housing options. Overall, D Street Apartments represents a compelling opportunity to acquire a stabilized, mission-backed multifamily asset in a highly desirable Palm Beach County submarket, supported by strong location fundamentals and long-term housing demand.