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    244 E Park Ave Lake Wales, FL 33853

    For Sale
    $1,650,000

    Multi Family - LAKE WALES, FL

    Property size:
    8,480 SF
    Lot size:
    0.12 Acres
    Days on Market:
    33
    Last Refresh:
    Dec 15 at 4:06 am

    Property Features for 244 E Park Ave

    General Information

    Property type
    Residential Multi Family
    Standard status
    Active
    Security features
    Fire Sprinkler System, Smoke Detector(s)
    Zoning
    C-1
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    APN
    27-30-01-883000-028020
    Parking features
    On Street
    Interior features
    Ceiling Fans(s), Elevator, High Ceilings, Walk-in Closet(s)
    Exterior features
    Lighting, Sidewalk
    Fireplace
    1
    Accessibility
    Accessible Elevator Installed
    Appliances
    Dishwasher, Dryer, Garbage Disposer, Microwave, Range, Refrigerator, Washer
    Size
    8,480 SF
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Central, Fireplace(s)
    Cooling system
    Central Air

    Building Details

    Year built
    1915
    Number of units
    6
    Flooring type
    Tile, Wood
    Building materials
    Brick
    Roof type
    Built-Up
    Architectural style
    Other

    Legacy Real Estate Center, Inc (863) 676-0200 [email protected]

    Listing agent Dolores Vogel (863) 676-0200 License #621090

    Listing date Nov 13, 2025

    MLS# K4903012 Listing URL

    Copyright © 2025 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.

    Overview

    Historic Lake Wales Mixed-Use Building

    This mixed-use property, known as the J.T. Rhodes Building, was built in 1915 and is one of the first two brick-and-mortar buildings in Lake Wales. The 8,480 square-foot building sits on a 0.12-acre lot. It is located in downtown Lake Wales, which is undergoing revitalization with brick-paved streets and park-like settings. The City is in the process of designating downtown Lake Wales an Arts, Cultural & Entertainment (ACE) District. The building features two downstairs commercial suites with long-term tenants. Upstairs are four apartments, each with in-unit laundry, modern kitchens with new appliances, original hardwood flooring, timeless baths, spacious rooms, and high ceilings. The apartments maintain historic character and charm. The building is located at the heart of the city's walkable new streetscape.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Green Boppo Disposal ... Corporate Office Brian Harris Florida ... Real Estate Agent T & Z CLEANING ... House Cleaning Service Shaw Hugh Insurance Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Wales
    County
    Polk
    State
    Florida
    Longitude
    -81.587161
    Latitude
    27.902461

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    FAQs

    What type of property is this?
    Mixed-use property - Historic mixed-use building in revitalized downtown Lake Wales with commercial and residential.
    Where is this mixed-use property located?
    The property is located at 244 E Park Ave Lake Wales, FL.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: - Historic Landmark: The J.T. Rhodes Building, built in 1915, is a historically significant property.; - Mixed-Use Income Property: Features two downstairs commercial suites with existing long-term tenants and four upstairs apartments.; - Fully Renovated with Modern Amenities: Apartments feature in-unit laundry, modern kitchens with new appliances, and updated bathrooms.
    (863) 676-0200
    Request Owner's contact information
    244 E Park Ave Lake Wales, FL 33853
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    Lake Wales, FL 33853
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    244 E Park Ave Lake Wales, FL 33853
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