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505 Foresteria Drive, Lake Park FL 33403

Multi-family For Sale
$750,000

BTC: 11.71875000

ETH: 394.18912669

96 days
0 room(s)
1,732 sqft

Overview

Fully leased quadplex with multifamily zoning (up to 10 units) in a high-growth Lake Park location. Immediate cash flow from day one with all units occupied, plus strong upside through future redevelopment or added density. Prime location just minutes to the Intracoastal, 8-10 minutes to Singer Island beaches, ~3 minutes to Publix, with quick access to US-1, I-95, and ~20 minutes to PBI Airport. High-demand rental corridor supports consistent occupancy and long-term appreciation. Stabilized income with built-in upside. Opportunities like this are limited. All information pertaining to the property is deemed reliable, but not guaranteed. Information to be verified by the Buyer. Be advised that cameras may exist recording audio and video inside/outside the property, such as ring doorbells. Photos are digitally enhanced and could be altered, please verify.

Location

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

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1945
Lot:
0.14 Acres
Heating:
Window/Wall
Price/sqft:
$433
Cooling:
Ceiling Fan(s) / Wall/Window Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$429,000
$363K – $869K
Confidence Low
List vs. estimate
$321K above estimate
List $750,000 · +74.8%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$433
+14.1% vs. city median $379
Based on
5 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $403K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$11,413
2025
View
Other, Other Water View
Pets
Allowed
All facts and features

  • Flooring

    • Clay

    • Tile

    Heating

    • Window/Wall

    Cooling

    • Ceiling Fan(s)

    • Wall/Window Unit(s)

    Other interior features

    • Utility/Laundry In Garage

  • Property

    • Levels: 1

    • Exterior Features: West Of Us1 / None

    Lot

    • Lot: 0.14 Acres

    Other Property Information

    • Parcel Number: 36434220010180440

    • Zoning: R1 (city)

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Utility

    • Electricity Available

    • Sewer Available

    • Water Available

  • Other financial information

    • Annual tax amount: $11,413

  • Source details

    • MLS ID: B26013374

    Other facts

    • Construction Materials: Concrete Block Construction / Slab Construction / Stucco / Wood Siding

    • Laundry Features: In Garage / Washer Hookup

    • Lot Features: Less Than 1/4 Acre Lot / Interior Lot / Less Than 1 Acre / West Of US 1

    • Architectural Style: One Story

    • Living Area: 1732

    • 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
101
median $1.3M
Active
Same city
Lake Park
84
median $1.4M
Active
Same type
Multi-family
4
median $749K
Active
Similar price
$525K – $975K
8
median $714K
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: One Sotheby's International Realty