Commercial Sale · Income/MultiFamily
202 Lucerne Ave # 14, Lake Worth FL 33460, LAKE WORTH, FL, 33460
Active106 days on marketListed May 2, 2026MLS #A12001661
About this property
The property at a glance
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 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.
9,320
Building sq ft
$317
Price / sq ft
0.31
Lot acres
1974
Year built
1
Building
DT (city
Zoning
Income/MultiFamily
Property type
The numbers
Investment snapshot
1 To 3 Year Lease
Lease term
Estimated payment (illustrative)
Estimated payment
$17,837/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Yumiko to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
1,130
Population
$89,958
Median income
57
Median age
2
Avg household
$491,653
Median home value
$751/mo
Median rent
71%
Households w/ kids
Consumer profile
This population follows the music. From local bands to current acts at the local venue, you can find these people researching band tours and how to get backstage passes.
These people aren't afraid to nerd out. Common activities include comic books, video games, and often intellectual pursuits.
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
From tiny sprouts and window plants, to flower arrangements and designing a landscape, this population has an affinity for all things green.
Whether it's the stress of wedding planning or looking back on that special day, this population has their eyes and hearts focused on lifelong commitment.
Good stewards of the earth, this population advocates for a cleaner environment and responsible use of resources. They often encourage others to recycle and use clean energy.
Recent sales
What actually sold near 202 Lucerne Ave # 14
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$2,175,000
Nearby listing
Sold Dec 2, 2024
$3,400,000
Nearby listing
Sold Nov 10, 2025
$940,000
3482 S Congress Avenue, Palm Springs FL 33461
Sold Jul 10, 2026
Your team
The pros in your corner
Your agent
Yumiko Sugawara
REALTOR® · CENTURY 21 Edge
Tours, offers, and every question about 202 Lucerne Ave # 14 — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 202 Lucerne Ave # 14.
See it in person
Schedule a tour
Live availability from Yumiko's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of Fausto Commercial Realty Consultants Inc · Elior Levi. MLS #A12001661.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
Never miss a listing
New LAKE WORTH listings, in your inbox
A daily digest of every new listing in LAKE WORTH — straight from the MLS, hours after it goes live. Unsubscribe anytime.