Lake Wales Multifamily Homes For Sale

4 Beds ⋅ 4 Baths ⋅ Indian Lake Estates SubDv. ⋅ 33855 Zip Code

Exceptional income-producing duplex opportunity in the highly sought-after, gated community of Indian Lake Estates! Located at 6760 and 6766 Daytona Drive, this turnkey multi-family property features two identical, mirror-image units, each offering a comfortable 2-bedroom, 2-bathroom layout with private en-suite primary baths and dedicated driveway parking. Boasting a total of 1,788 square feet of efficient heated living space, this low-maintenance asset is a fantastic addition to any real estate portfolio. The property will be delivered completely vacant at closing, presenting a blank canvas for a savvy investor or an owner-occupant looking to live in one side while capitalizing on strong rental demand. With projected market rents reaching $1,500 or more per unit—for a total potential of $3,000 per month—this duplex offers significant upside in a peaceful Central Florida setting. Beyond the property line, residents can experience the ultimate resort and sporting lifestyle. Indian Lake Estates provides unparalleled access to Lake Weohyakapka, affectionately known by locals as Lake Walk-In-Water. As Polk County's largest spring-fed lake and a nationally recognized destination for trophy bass fishing, it is a true paradise for angling and water enthusiasts. Residents enjoy exclusive access to a robust suite of community amenities, including a boat ramp, a private marina, Florida's longest freshwater fishing pier, an 18-hole championship golf course, and a massive 23,000-square-foot clubhouse featuring a restaurant and fitness center. Surrounded by abundant wildlife and natural beauty, yet offering seamless connectivity to main highways, this high-yield property is an incredible opportunity to invest in a premier lakeside community.

6760 Daytona Drive, Lake Wales

$299,990

4 Beds ⋅ 2 Baths ⋅ 33853 Zip Code

Charming lakefront living on beautiful Lake Belle awaits with this unique property featuring a 2-bedroom, 1-bath main home as well as a detached rental unit which is a 1-bedroom, 1-bath with its own kitchen, offering exceptional flexibility for guests, extended family, a private retreat, or potential rental income. The main home is filled with character and features original hardwood flooring throughout, warm wood-paneled walls, exposed timber ceilings, abundant natural light, beautiful pine ceiling room, a comfortable living room, and a cozy kitchen. The two bedrooms are bright and inviting, with a convenient Jack-and-Jill bathroom providing access between the bedrooms.A screened-in front porch provides a peaceful space to relax and enjoy the surrounding greenery. The main home has been COMPLETELY REPLUMBED, features UPDATED ELECTRICAL, and has a 2021 ROOF. The DETACHED UNIT HAS BEEN REFRESHED WITH NEW FLOORING AND NEW BATHROOM EQUIPPED WITH A MINI SPLIT AC INSTALLED IN 2022. The property is served by public water and septic, including separate systems for the main home, guest house, and camping area, plus an additional septic near the shed. Outside, enjoy the beauty of direct LAKE BELLE FRONTAGE, mature trees, peaceful water views, and spectacular sunsets that make this property truly special. A CIRCULAR DRIVEWAY provides convenient access to the two structures, while the spacious grounds offer plenty of room to enjoy the outdoors. Ideally situated along S Scenic Highway, this property combines a peaceful lakefront lifestyle with convenient access to downtown Lake Wales, local shopping and dining, Bok Tower Gardens, nature trails, scenic lakes, and major Central Florida roadways. With two separate living spaces, extensive updates, multiple septic systems, and beautiful Lake Belle frontage, this property offers a rare combination of charm, versatility, and waterfront living.

1120 S Scenic Highway, Lake Wales

$350,000

6 Beds ⋅ 5 Baths ⋅ 33859 Zip Code

Zoned C-3! .83 acre, 267' of Highway 60 Road frontage! Unique and rare opportunity to own a Multifamily concrete building with 4 units plus a single wide mobile home on almost an acre of land Located on Highway 60 Lake Wales in Polk County! The sale also includes a detached enclosed storage building 34x25, a well water system in its own secured enclosed area, newer septic tank, new roof in 2023 on the main building, bathrooms remodeled, interior paint. 2 units upstairs and 2 units downstairs plus 732 square feet of the mobile home. Could be used for commercial purposes as it is located within a Commercial Future Land Use, Selected Area Plan (SAP). The property is a legal Non-Conforming due to having Multiple Primary Residences within a Commercial Land Use. Check with the county for possibilities as the property is adjacent to a commercial property. Tenant has their own electric meter with the exception of the storage unit and studio share same meter currently. The tenants have the well and septic at no cost to them.

1725 Old Bartow Road, Lake Wales

$749,000

6 Beds ⋅ 12 Baths ⋅ Ridge Manor SubDv. ⋅ 33853 Zip Code

Exceptional 11-Unit Income Opportunity with Strong Rental Appeal! Don’t miss this unique mixed-unit multifamily property offering a versatile unit mix designed to attract a wide range of tenants and help minimize vacancies. With all 11 units currently occupied and long-term leases in place, this property provides immediate and stable income for the savvy investor. Ideally located with convenient access to schools, shopping, medical facilities, and major travel routes including Hwy 27 and SR 60, tenants enjoy easy north/south/east/west commuting—making this a highly desirable rental location. Recent improvements include a new roof and new septic drainfield, offering added peace of mind and reduced near-term capital expenses. Whether you’re expanding your portfolio or seeking your first solid, income-producing asset, this property checks all the boxes. Private showings are now being scheduled—secure your opportunity today!

315 Ridge Manor Drive, Lake Wales

$579,999

4 Beds ⋅ 2 Baths ⋅ Golf View Park Resub SubDv. ⋅ 33898 Zip Code

Excellent investment opportunity! This well-maintained duplex features two separate buildings, each offering comfortable living spaces and private entrances. Ideal for investors or owner-occupants, the property provides steady rental potential or the flexibility to live in one unit while generating income from the others. Each unit includes spacious bedrooms, functional kitchens, bright living areas, and well-appointed bathrooms. The property sits on a generous lot with ample parking and outdoor space. Conveniently located near schools, shopping, public transportation, and major roadways, ensuring strong tenant demand. Whether you’re expanding your portfolio or searching for a smart live-in investment, this duplex offers value, versatility, and long-term potential. This sale contains two duplexes that has four, 2 bedroom 1 bath units.

3108 - 3110 - 3112 - 3114 Holly Street, Lake Wales

$305,000

2 Beds ⋅ 3 Baths ⋅ Lake Wales SubDv. ⋅ 33853 Zip Code

Reduced price! Motivated seller! High-Yield Turnkey Triplex with 2024 Upgrades! Investors, seize this rare income-producing asset generating $3,000 in gross monthly revenue with an exceptionally low expense profile. Situated on a spacious 0.31-acre lot, this property offers the perfect blend of density and privacy across two solid brick residential buildings. Major 2024 Capital Upgrade: A Brand New Roof was installed across the property in 2024, providing years of worry-free ownership. Both primary buildings are equipped with Central AC to ensure maximum tenant comfort and retention. The Layout:425 E Sessoms Ave: A standalone 1-bedroom, 1-bathroom cottage (685 sq ft) featuring a private 90 sq ft finished screened porch and a classic fireplace. 427 E Sessoms Ave (Front): A private 1-bedroom, 1-bathroom suite with its own dedicated front entrance and porch. 427 E Sessoms Ave (Rear): A secluded private studio with a separate side/rear entrance for ultimate tenant privacy. Bonus Value: A detached large storage building at the rear includes an on-site laundry room, a high-demand amenity that adds significant utility. Built with common brick exterior walls, this property is designed for low-maintenance, long-term performance. With an annual gross income of $36,000 and minimal overhead, this "Cash Cow" is ready for Day 1 operations. Schedule your showing today!

425 E Sessoms Avenue, Lake Wales

$1,650,000

6 Beds ⋅ 10 Baths ⋅ Lake Wales SubDv. ⋅ 33853 Zip Code

Truly rare opportunity to own a piece of Lake Wales History and the painstaking task of historic preservation has already been done! Built in 1915, the J.T. Rhodes Building was one of the first two brick-and-mortar buildings in Lake Wales. The City owes its origin to the building, where the villagers gathered upstairs in what was then the Masonic Hall on the night of April 27, 1917 to sign a petition to the Legislature for the issuance of a city charter. The Legislature responded by incorporating the City, whose charter was signed into law by Governor Sidney J. Catts on May 28, 1917. This amazing piece of architecture is home to one of the few mixed-use buildings in downtown. Downstairs are 2 commercial suites, with long term tenants in place! Upstairs you will find 4 well-appointed and thoughtfully designed apartments! All of the apartments have in unit laundry, modern kitchens with all new appliances, original hardwood flooring, timeless baths, spacious rooms and high ceilings... all while maintaining the historic character & charm! The completion of this building is perfectly timed with the revitalization of downtown Lake Wales, the property is positioned at the heart of the city's walkable new streetscape - complete with brick paved streets, lush park-like settings and a growing calendar of community events! The City is in the process of designating downtown Lake Wales an Arts, Cultural & Entertainment (ACE) District which will provide an environment welcoming growth and promoting prosperity! The investment in this renovation and historic preservation is unmatched, with no detail overlooked. The goal was to preserve this piece of history for the next 100 years and every decision was made with that long term vision.... An invaluable gift to the person lucky enough to be the new owner, entrusted with the legacy of the J. T. Rhodes building!

244 E Park Avenue, Lake Wales

$799,000

6 Beds ⋅ 8 Baths ⋅ Highland Park Sub SubDv. ⋅ 33898 Zip Code

PRICE IMPROVEMENT!! Unique opportunity to own a true LAKEFRONT 6 unit income property! With 100 feet of frontage on Lake Easy and a large one acre lot, this 4660+ square foot Multi-Family property has something to offer for everyone. Located in the quaint village of Highland Park, this location features a community park, walkable streets for afternoon or morning strolls, old growth and mature landscaping everywhere with that nostalgic feeling of a true neighborhood. Access to Lake Easy provides both fishing and recreation with its sandy bottom and panoramic views. This one-of-a-kind property is a must see to appreciate. All units have leases in place with a total monthly income generating approx. $6850. There are two 2 bedroom/2 bath downstairs units, both lakefront; two upstairs 1 bedroom/1 bath units, both lakefront; and 2 studio units, with no lakefront views. Most units have been recently updated, with only 1 unit needing to be refreshed when there is a tenant turnover (which is rare!)

1854 Highland Park Drive S Unit A-F, Lake Wales

Lake Wales Investment Properties