Well-located 14-unit multifamily property in the heart of downtown Lake Worth Beach at 202 Lucerne Avenue. The asset consists of thirteen 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, all featuring central A/C, private balconies, and ample natural light, along with an on-site laundry facility for additional income. Built in 1974 with concrete… Read More block construction and a stucco exterior, the property is currently operated as annual rentals and also holds a valuable transitory license, allowing for potential conversion to short-term rentals and increased revenue. Positioned just steps from Lake Avenue, the property offers exceptional walkability to dining, retail, and entertainment, and is located just minutes from the Intracoastal Waterway, Lake Worth Beach Park, and JFK Medical Center. Strong in-place income with clear upside through rental growth and operational improvements in a highly active and improving downtown submarket supported by ongoing redevelopment and long-term demand drivers. Read Less
Courtesy of Fausto Commercial Realty Consultants Inc 786-748-7373
Listing Snapshot
Days Online
62
Last Updated
Property Type
Multi Family
Square Ft.
9,320
Lot Size
0.31 Acres
Year Built
1974
MLS Number
A12001661
30 Days Snapshot Of 33460
$465k
+78%
(avg) sold price
1
-85%
home sold
63
-66%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1974, Construction materials: "Block", Toal building area: 9320, 2 total units
Cooling
"Central Individual"
Heating
"Central Individual"
Lot
0.31 acres
Property
Zoning: DT (city
Roof
"Built-Up"
Sewer
"Public Sewer"
Taxes
Annual amount: $52,941
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realestateagentben.com
July 3, 2026
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Blindness Mode: this mode configures the website to be compatible with screen-readers such as JAWS, NVDA, VoiceOver, and TalkBack. A screen-reader is software for blind users that is installed on a computer and smartphone, and websites must be compatible with it.
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Despite our very best efforts to allow anybody to adjust the website to their needs, there may still be pages or sections that are not fully accessible, are in the process of becoming accessible, or are lacking an adequate technological solution to make them accessible. Still, we are continually improving our accessibility, adding, updating and improving its options and features, and developing and adopting new technologies. All this is meant to reach the optimal level of accessibility, following technological advancements. For any assistance, please reach out to [email protected]
