Lake Wales, FL Apartment Buildings for Sale

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Babson Park, FL Winter Haven, FL Bartow, FL Dundee, FL Haines City, FL Indian Lake Estates, FL Frostproof, FL Fort Meade, FL

6 properties

Updated: Mar 20

Multifamily Income Property

315 RIDGE MANOR DRIVE, Lake Wales, FL 33853

$775,000

5,030 sqft 0.79 AC lot

11‑unit multifamily property with all 11 units currently occupied and long‑term leases in place
Recent improvements include a new roof and a new septic drainfield
Built in 1926 with frame and stucco construction and a shingle roof
Multiple heating options including electric heat and fireplace(s)
Cooling includes wall/window unit(s) and window unit(s)

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This listing looks promising.

Here's a quick look at some key insights for

315 RIDGE MANOR DRIVE, LAKE WALES, FL 33853

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Est. Cap Rate

6.2%
Above avg (5.9%)
Est. NOI

$48K
Annual
Price @ 7% Cap

$681K
Suggested
Property Type

Multi-Family Dwellings
Built 1926

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Updated: Mar 19, 2024

Lakefront Multi-Family Income Property

1854 HIGHLAND PARK DRIVE S, Lake Wales, FL 33898

$799,000

4,264 sqft 0.99 AC lot

Lakefront property with 100 feet of frontage on Lake Easy, offering fishing and recreational opportunities.
Income‑generating multi‑family property with 6 units currently producing approximately $6850 per month.
Large one‑acre lot in the walkable, nostalgic neighborhood of Highland Park.
Two 2‑bedroom/2‑bath lakefront units and two 1‑bedroom/1‑bath lakefront units.
Most units have been recently updated.

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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

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

$799,000

4,264 sqft 1.00 AC lot

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

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Historic Lake Wales Mixed-Use Building

244 E PARK Avenue, Lake Wales, FL 33853

$1,650,000

8,480 sqft

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

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Multifamily Property with Strong Rental Appeal

315 Ridge Manor Dr, Lake Wales, FL 33853

$775,000

5,030 sqft

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

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Based on your search, we've compiled 18 Potential Opportunities for your consideration. Besides 6 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, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

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

Multi-Family Investment Opportunity in Dundee

1002 DANIELS STREET, Dundee, FL 33838

$750,000

3,606 sqft 2.68 AC lot

Income-producing multi-family property with expansion potential on 2.68 acres.

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Income-Generating Multi-Unit Property

701 KEEN ROAD, Frostproof, FL 33843

$1,424,999

5,908 sqft 3.95 AC lot

Rare multi-unit property on nearly 4 acres in Frostproof.

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Income-Producing Multifamily Property on Acreage

1002 DANIELS St, Dundee, FL 33838

$750,000

2.68 AC lot

Multifamily property with 11 units on 2.68 acres.

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Unique Multi-Unit Income Property

701 KEEN Rd, Frostproof, FL 33843

$1,424,999

3.95 AC lot

Income-producing property with main residence, cottages, and apartment building.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Waterfront Lot in Treasure Island

141 104TH AVENUE, Treasure Island, FL 33706

$2,225,000

0.34 AC lot

Waterfront lot zoned for multifamily residential use in Treasure Island.

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Ocean Springs Highway 90 Land

Bienville Blvd, Ocean Springs, MS 39564

$675,000

143,748 sqft 3.30 AC lot

3.3 acre commercial land on Highway 90, Ocean Springs.

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Greenville Development Opportunity: 1.33 Acres

71 Salters Road, Greenville, SC 29607

$699,900

1.33 AC lot

1.33 acre parcel suitable for multi-family development near downtown.

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Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000

5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

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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.

Multifamily properties

116 Northside Dr, Lake Wales, FL 33853

Value Estimation by Request

11,937 sqft

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Multifamily properties

315 Ridge Manor Dr, Lake Wales, FL 33853

Value Estimation by Request

4,670 sqft

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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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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 10 apartment buildings for sale in Lake Wales, FL, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 31,476 square feet of properties for sale, with an estimated market value of $5,348,000.

Sale prices for two-family homes in Lake Wales, FL start at $550,000, averaging $891,333, and reaching up to $1,650,000 — 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
33898	$812K
33853	$812.8K

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)

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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