1021 COHASSETT Ave, Lake Wales, FL 33853

Building Details

Year Built

1950

Listing office KELLER WILLIAMS REALTY OF WH d***@kwcommercial.com Show Phone

Listing date Jun 24, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This four-unit multifamily property includes three apartment units and one detached cottage, each currently leased. The unit mix consists of a 3-bedroom unit and two 2-bedroom/1-bedroom configurations plus the detached cottage. According to the current information provided, monthly rents are $1,200 for the 3-bedroom unit and $850 per month for each of the other three leased units. Tenants are responsible for their own electric and water utilities, which can help reduce owner-paid operating expenses.

The property is located in Lake Wales just off State Road 60, an east-west corridor connecting Lake Wales with Lakeland and the broader Polk County market. It is also described as minutes from US Highway 27, with practical access to Lakeland and northbound routes toward Davenport, Interstate 4, Celebration, and Kissimmee.

For investors or buyers seeking a small, manageable rental setup, this quadplex offers a straightforward income structure with all four units under lease. The tenant-paid utilities model supports easier expense budgeting from the owner perspective, while the unit mix can appeal to renters across multiple household sizes.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

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

Location Insight

• Map
• Local Demand

City

Lake Wales

County

Polk

State

Florida

Longitude

-81.5694091

Latitude

27.8929023

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FAQs

What type of property is this?

Quadplex - Quadplex-style rental property with four income-producing units, with tenants paying their own electric and water.

Where is this quadplex located?

The property is located at 1021 COHASSETT Ave Lake Wales, FL.

What is the asking price?

The asking price for this property is $397,000.

What are key features of this property?

This property features: Four rental units (quadplex‑style) with one 3‑bedroom unit and three smaller units (2‑bedroom, 1‑bedroom, and a detached cottage).; Current rents: 3‑bedroom $1,200/month; 2‑bedroom $850/month; 1‑bedroom $850/month; detached cottage $850/month.; Year built: 1950.