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505 Foresteria Drive, Lake Park FL 33403

Multi-family For Sale
$750,000

BTC: 9.22621006

ETH: 306.24744794

140 days
0 room(s)
1,732 sqft

Overview

Rare four-unit investment opportunity in the rapidly growing Lake Park market. This unique property features a main residence plus a triplex with three efficiency units, generating $86,400 in annual gross rental income with immediate cash flow. Ideally located just minutes from the Intracoastal Waterway, Singer Island beaches, marina, brewery, theater, pickleball, Publix, US-1, I-95, and Palm Beach International Airport. Per current zoning and permitting information, the property may accommodate up to 10 units (buyer to verify). The main house also offers potential to convert to a 3BR/2BA. Whether you're looking to renovate, add value, or hold for long-term income, this property offers exceptional upside in a high-demand rental market. Quiet street, easy to rent, & outstanding investment. 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
$449,900
$370K – $1.1M
Confidence Low
List vs. estimate
$300K above estimate
List $750,000 · +66.7%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$433
+0.0% vs. city median $433
Based on
7 MLS comparables
+ 28 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: Aluminum Siding / Concrete Block Construction / Slab Construction / Stucco

    • Laundry Features: In Garage / Washer Hookup

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

    • 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
92
median $1.3M
Active
Same city
Lake Park
77
median $1.4M
Active
Same type
Multi-family
5
median $750K
Active
Similar price
$525K – $975K
8
median $736K
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