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8-Unit Apartment Building
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114 E Northside Dr, Lake Wales, FL 33853

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

Property SizeContact for details
Days on Market142

Property Features for 114 E Northside Dr

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 8 x 2BR/1BA
Multifamily Units 8

Building Details

Year Built 1964
Construction concrete block
Listing Agency: The Multifamily Firm
Listed By: Phil Ginexi · License #FL SL3266689
Source: Crexi
Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 1:37PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Multifamily Firm

Investment Insights

Based on property information with market context.

Located at 114 E Northside Dr in Lake Wales, Florida, this apartment property contains 8 units arranged across 2 adjacent parcels. Each parcel contains 4 units, creating a two-parcel configuration within the community.

All units are Two Bedroom / One Bathroom layouts. Water and electric service are separately metered, and residents pay utility providers directly. Constructed in 1964, the buildings feature solid concrete block construction. The property is classified as an apartment building and offers a straightforward multifamily configuration with consistent unit layouts.

Key Highlights

  • 8‑unit apartment community across 2 adjacent parcels
  • 100% Two Bedroom / One Bathroom units
  • 4 units located on each parcel

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Big Box & Wholesale Store HVAC Service Storage Facility Garden Center Kitchen & Bath Showroom Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

73
Businesses Nearby

Demographics for 33853, FL

12,404
Population
5,483
Households
2.3
Avg Household Size
38
Median Age
19%
College-Educated
85%
High-School Grad
8.7 sq mi
ZIP Area
1,426
Density / Sq Mi
$40,938
Median Household Income
$35,470
Median Earnings
$965
Median Rent
$198,100
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Concrete-block apartment community with separately metered water and electric utilities.
Where is this apartment building located?
The property is located at 114 E Northside Dr Lake Wales, FL.
What are key features of this property?
This property features: 8‑unit apartment community across 2 adjacent parcels; 100% Two Bedroom / One Bathroom units; 4 units located on each parcel
(941) 444-6160 Call to check price and availability
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