Two-Unit Duplex
134 E Street Lake Wales, FL 33853
For Sale
Under Contract
$210,000
MULTI_FAMILY - LAKE WALES, FL
Property Size1,080 SF
Lot Size0.15 Acres
Price / SF$194.44
Days on Market69
Property Features for 134 E Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1
- Interior features
- Open Floorplan
- Appliances
- Range, Refrigerator
- Standard status
- Active Under Contract
- APN
- 27-29-35-880000-002090
- Size
- 1,080 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LINCOLN PARK ADD PB 9 PG 19 BLK 2 LOT 9
- Tax Annual Amount
- 1696
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Water source
- Public
Building Details
- Year built
- 1958
- Number of units
- 2
- Building materials
- Block
- Roof type
- Shingle
Listing Agency:
LEGACY REAL ESTATE CENTER INC
(863) 676-0200
Listed By:
Dolores Vogel · License #BK621090
(863) 632-5573
Added: May 19
Changed: Jul 25
Last Checked: Jul 26 at 9:06PM
MLS# K4903511
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-unit duplex features an open floor plan in each unit, with 2 bedrooms and 1 bathroom per side. The property includes long-term, annual leases in place.
Located in Lake Wales, Florida, the duplex is described as being just minutes from schools, shopping, and Hwy 27 for north or south commuting.
The total building size is listed as 1,080 square feet, and the lot size is listed as 0.15 acres.
Located in Lake Wales, Florida, the duplex is described as being just minutes from schools, shopping, and Hwy 27 for north or south commuting.
The total building size is listed as 1,080 square feet, and the lot size is listed as 0.15 acres.
Key Highlights
- Charming duplex for investment portfolio use with annual long‑term leases in place
- 2 units total; each unit offers 2 beds and 1 bath with an open floor plan
- Current reported rent of $2,000/mo with long‑term annual leases
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $17.5k | $16.20 |
| − Vacancy | −$1.1k | −$1.05 |
| EGI | $16.4k | $15.15 |
| − OpEx | −$4.9k | −$4.54 |
| NOI | $11.5k | $10.60 |
1,080 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$163.6K
$143.1K – $190.9K
NOI $11,451 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$146.1K
$127.9K – $170.5K
NOI $10,230 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$259.5K
$227.1K – $302.8K
NOI $18,167 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two attached units each offer two bedrooms and one bathroom with open floor plans.
Where is this duplex located?
The property is located at 134 E Street Lake Wales, FL.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Charming duplex for investment portfolio use with annual long‑term leases in place; 2 units total; each unit offers 2 beds and 1 bath with an open floor plan; Current reported rent of $2,000/mo with long‑term annual leases
