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305 Cypress Drive E # 5, Lake Park FL 33403

Multi-family For Sale
$1,280,000

BTC: 15.74606518

ETH: 522.66231115

-$470K (2026/08/18)
338 days
0 room(s)
2,903 sqft

Overview

Discover this exceptional 5-unit apartment property, a rare opportunity that combines convenience, comfort, and strong investment potential. Four units feature spacious 2-bedroom, 1-bathroom layouts, while the fifth is a charming standalone cottage, offering privacy and versatility for unique rental opportunities. The property has been meticulously maintained inside and out, with beautifully landscaped grounds that enhance its curb appeal. All tenants are currently on month-to-month annual leases, providing flexibility and convenience for the new owner. Each unit is separately metered for both electric and water, maximizing efficiency and reducing overhead. Residents enjoy central air conditioning, impact windows for added comfort and security, as well as the convenience of an on-site laundry facility. The property also comes equipped with a full surveillance system for enhanced safety. Ideally located just blocks from the scenic Intracoastal Waterway, the property offers easy access to shopping, dining, and entertainment. The main roof will be replaced prior to closing, ensuring peace of mind and long-term value. This is a rare opportunity to acquire a well-maintained, income-producing property in a highly desirable location.

Location

Florida • Lake Park • 33403 • Multi-family • For Sale

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1928
Lot:
0.29 Acres
Heating:
Central
Price/sqft:
$441
Cooling:
Central Air
HOA:
No Data

Valuation

Recent sales nearby
30 public-records sales within 0.5 mi
Median actual sale: $918K
Not enough MLS comparables for a model estimate on this property. Public-records data shown instead.

Highlights

Annual tax
$16,966
2025
All facts and features

  • Flooring

    • Carpet

    • Ceramic Floor

    Heating

    • Central

    Cooling

    • Central Air

  • Property

    • Levels: 2

    • Exterior Features: Courtyard / Other

    Lot

    • Lot: 0.29 Acres

    Other Property Information

    • Parcel Number: 36434220010690440

    • Zoning: R1(cit

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Utility

    • Cable Connected

    • Sewer Connected

    • Water Connected

    • Cable Available

    • Sewer Available

    • Water Available

  • Other financial information

    • Annual tax amount: $16,966

  • Source details

    • MLS ID: R11126199

    Other facts

    • Construction Materials: Frame / Frame With Stucco / Stucco

    • Lot Features: 1/4 To Less Than 1/2 Acre Lot / Less Than 1 Acre / Fenced

    • Window Features: Complete Impact Glass

    • Architectural Style: Two Story

    • Living Area: 2903

    • Water Source: Public

    • Subdivision Name: KELSEY CITY

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33403
92
median $1.3M
Active
Same city
Lake Park
77
median $1.4M
Active
Same type
Multi-family
5
median $750K
Active
Similar price
$896K – $1.7M
23
median $1.4M
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: RE/MAX Prestige Realty/Wellington