1000 W Lakewood Rd
West Palm Beach, FL 33405
Lakewood Flats · Immeuble residentiel Bien À vendre · 7 Lots

Marcus & Millichap is pleased to present Lakewood Flats, a seven-unit multifamily property located at 1000 W Lakewood Road in West Palm Beach, Florida. The property totals 5,026 gross square feet and is situated on a 0.31-acre lot, offering a low-density layout with a residential feel. The asset consists of four buildings constructed between 1926 and 1940, featuring wood frame construction and brand new pitched composite shingle roofs.
The unit mix consists of four two-bedroom/one-bathroom units, one two-bedroom/two-bathroom unit, and two three-bedroom/one-bathroom units, providing a diverse range of floorplans that appeal to both families and long-term tenants. The presence of larger units positions the property well within a submarket experiencing strong demand for workforce and family-oriented housing.
Lakewood Flats is centrally located with convenient access to Downtown West Palm Beach, I-95, and Palm Beach International Airport, as well as major employment hubs including Good Samaritan Medical Center, Palm Beach Atlantic University, and surrounding retail corridors. Residents benefit from proximity to nearby amenities such as Dreher Park, the Palm Beach Zoo, and the Intracoastal Waterway, along with a variety of shopping and dining options along Dixie Highway and Southern Boulevard.
With continued population growth and redevelopment throughout West Palm Beach, particularly in nearby urban and infill corridors, the area has seen increasing demand for well-located rental housing.
Lakewood Flats presents an opportunity to acquire a well-located, low-density multifamily asset with a strong unit mix and long-term upside potential in one of Palm Beach County’s most active rental markets.