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Lake Wales, FL Apartment Buildings for Sale

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11-Unit Apartment Building
Updated: Mar 20
11-Unit Apartment Building

315 RIDGE MANOR Drive, Lake Wales, FL 33853

$749,000
5,030 sqft 0.79 AC lot
11 units, all currently occupied with long‑term leases
5,030 square feet on 0.79 acres
R‑2 zoning in Lake Wales, FL
New roof and new septic drainfield
Public water and septic tank service
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Lakefront Apartment Building
Updated: Mar 19, 2024
Lakefront Apartment Building

1854 HIGHLAND PARK Drive S, Lake Wales, FL 33898

$799,000
4,264 sqft 0.99 AC lot
Six‑unit apartment property on a 0.99‑acre parcel
100 feet of frontage along Lake Easy
Unit mix includes two 2‑bedroom/2‑bath units, two 1‑bedroom/1‑bath units, and two studios
Four units are lakefront; the two studios do not have lake views
Zoned R‑2 and served by a private water source and septic tank
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Lakefront 6-Unit Apartment Building
Lakefront 6-Unit Apartment Building

1854 HIGHLAND PARK S A-F, Lake Wales, FL 33898

$799,000
4,660 sqft 1.00 AC lot

Leased apartment property with varied unit layouts and Lake Easy frontage on a sizable residential parcel.

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Multifamily Property with Strong Rental Appeal
Multifamily Property with Strong Rental Appeal

315 Ridge Manor Drive, Lake Wales, FL 33853

$749,000
5,030 sqft

Eleven-unit multifamily property with long-term leases and convenient location.

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Historic Multifamily Investment Opportunity
Historic Multifamily Investment Opportunity

428 E Johnson Ave, Lake Wales, FL 33853

$550,000
4,408 sqft

Two-story, six-unit property in Lake Wales, Florida.

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Lakefront 6-Unit Income Property
Lakefront 6-Unit Income Property

1854 Highland Park Drive S #A-F, Lake Wales, FL 33898

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4,264 sqft 1.00 AC lot

Lakefront 6-unit property on one acre in Highland Park.

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26-Unit Multifamily Apartment Portfolio
26-Unit Multifamily Apartment Portfolio

3618 North Scenic Highway, Lake Wales, FL 33898

Contact for pricing
13,235 sqft

Two communities total 26 units across from each other, with well and septic servicing all residences.

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Historic Lake Wales Mixed-Use Building
Historic Lake Wales Mixed-Use Building

244 E PARK AVE, Lake Wales, FL 33853

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8,480 sqft

Historic mixed-use building with commercial suites and residential apartments.

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8-Unit Apartment Building
8-Unit Apartment Building

114 E Northside Dr, Lake Wales, FL 33853

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Concrete-block apartment community with separately metered water and electric utilities.

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Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 9 Active listings in Lake Wales, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

5-Unit Apartment Building
5-Unit Apartment Building

402 E MAIN Street, Dundee, FL 33838

$420,000
3,352 sqft 0.21 AC lot

Two-story multifamily property with separate electric meters and individually configured residential units.

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5-Unit Renovated Apartment Building
5-Unit Renovated Apartment Building

1801 3RD SE COURT, Winter Haven, FL 33880

$824,500
3,667 sqft

Five apartments feature equipped kitchens, separate power metering, shared laundry, and a courtyard patio.

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Waterfront Apartment Building
Waterfront Apartment Building

1210 STATE 17 Road S, Dundee, FL 33838

$849,000
3,792 sqft 1.32 AC lot

Nine-unit multifamily property with lake frontage, varied floor plans, and a 1.32-acre setting in Dundee.

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Winter Haven Multifamily Portfolio
Winter Haven Multifamily Portfolio

418 19th St SE, Winter Haven, FL 33884

Contact for pricing

Three properties totaling 159 units in Winter Haven, Florida.

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Off-Market Properties in Lake Wales, FL

Consider similar Off-Market properties in Lake Wales, FL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

116 Northside Dr
Multifamily properties

116 Northside Dr, Lake Wales, FL 33853

Value Estimation by Request
11,937 sqft
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315 Ridge Manor Dr
Multifamily properties

315 Ridge Manor Dr, Lake Wales, FL 33853

Value Estimation by Request
4,670 sqft
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10721 Leisure Ln
Churches & religious facilities

10721 Leisure Ln, Lake Wales, FL 33898

Value Estimation by Request
293,159 sqft 6.73 AC lot
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Burns Ave
Multifamily properties

0 Burns Ave, Lake Wales, FL 33853

Value Estimation by Request
76.95 AC lot
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Lake Wales, FL Apartment Buildings Market Trends and Statistics

Explore 13 apartment buildings for sale in Lake Wales, FL, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 49,371 square feet of properties for sale, with an estimated market value of $3,646,000.

Sale prices for two-family homes in Lake Wales, FL start at $550,000, averaging $729,200, and reaching up to $799,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 43K
Population Growth (5Y) -17.6%
Median Household Income $52,183
College Educated 33.0%

High-Yield Neighborhoods for Investment

Identify Lake Wales submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
33853 $682.7K
33898 $799K

Taxes & Financing

Tax Rate (average for all types) 1.68%
Property Tax per SF $27.09 per SF
Tax Rate vs County Average 0.11 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Polk County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Polk County

Residential Income

Property Size Breakdown

The majority of commercial real estate listings in Lake Wales fall within the 100,000+ square foot range.

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