131 S FEDERAL Highway, Lake Worth, FL, 33460
About This Home
Federal Flats in Lake Worth Beach is a renovated 5-unit multifamily property featuring three studio apartments, one 1-bedroom/1-bathroom unit, and one spacious 3-bedroom/1-bathroom unit. The property is currently generating $9,150 in gross monthly rental income, with one studio vacant and additional income available upon lease-up. Conveniently located near downtown Lake Worth Beach, the Intracoastal Waterway, and the beach, Federal Flats offers immediate cash flow with further upside through stabilization and future rent growth.
Getting Around
Very Walkable
Very Limited Transit
Biker's ParadiseSchools
Construction
Condition
- Property condition: Resale,Updated/Remodeled
- Year built: 1924
Materials
- Roof: Metal
- Construction materials: Frame
Type & Style
- Home type: MultiFamily
- Property subType: Quadruplex,Multi Family,Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 4
Features
- Window features: Blinds
- Flooring: Wood
Heating & Cooling
- Heating features: Central
- Cooling features: None
Interior Area
- Total structure area: 3,112
- Total interior livable area: 3,112 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 38434421150430150
- Zoning: MU-E (city)
- Special condition: Standard
- Other equipment: None
Features
- Levels: One
- Stories: 1
- Exterior features: None
- Waterfront features: None
Lot
- Lot size: 0.31 Acres
- Features: 1/4 to 1/2 Acre Lot
Parking
- Total spaces: 4
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Lightning
- Heat Wave
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Palm Beach County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $7,584 | $91,008 |
| Home Insurance * | $3,853 | $46,236 |
| Property Taxes | $1,024 | $12,288 |
| Electricity | $313 | $3,758 |
| Total | $12,774 | $153,288 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-18 | Listed for sale | $1,500,000 |
| 2025-05-28 | Listing removed | $3,000 |
| 2025-04-02 | Listed for rent | $3,000 |
| 2023-08-11 | Sold | $1,270,000 |
| 2023-05-15 | Listed for sale | $1,390,000 |
| 2021-03-24 | Listing removed | -- |
| 2018-05-31 | Listing removed | $2,000 |
| 2018-05-18 | Price change | $2,000 |
| 2018-03-05 | Listed for rent | $1,400 |
| 2017-11-09 | Listing removed | $2,000 |
| 2017-08-17 | Listed for rent | $2,000 |
| 2016-01-19 | Listing removed | $429,000 |
| 2016-01-16 | Listed for sale | $429,000 |
| 2015-12-01 | Listing removed | $429,000 |
| 2015-11-24 | Price change | $429,000 |
| 2015-09-17 | Price change | $469,000 |
| 2015-04-01 | Listed for sale | $489,000 |
| 2012-08-31 | Sold | $174,350 |
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