Duplex Income
2526 ELM AVE Lake Wales, FL 33898
New
2526 ELM AVE, Lake Wales, FL, 33898
$320,000
For Sale
$320,000
MULTI_FAMILY - Other - LAKE WALES, FL
Property Size1,736 SF
Lot Size0.30 Acres
Price / SF$184.33
Days on Market3
Property Features for 2526 ELM AVE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 3, Dining Room, Bedroom 4, Bathroom 2, Bedroom 2
- Window features
- Aluminum Frames
- Patio and Porch features
- Patio
- Interior features
- Ceiling Fans(s), Eat-in Kitchen
- Exterior features
- Garden
- Fireplace
- 1
- Appliances
- Convection Oven, Dryer, Microwave
- Standard status
- Active
- APN
- 28-30-05-939210-000010
- Size
- 1,736 SF
- Lot size
- 0.30 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- SEC/TWN/RNG/MER:SEC 05 TWN 30S RNG 28E GRANT ESTATES PB 70 PG 41 LOT 1
- Tax Annual Amount
- 2025
Utilities
- Utilities
- Electricity Available
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1983
- Floors in Building
- 1
- Flooring type
- Tile - Ceramic
- Building materials
- Block
- Roof type
- Shingle
- Architectural style
- Other
Listing agency
LA ROSA REALTY ORLANDO LLC
(407) 288-8201
Listed by
Morelys Caraballo
(407) 452-7432
Added: Jul 20 Updated: Jul 22 at 12:35PM Checked: Jul 22 at 4:06PM
MLS# S5150951
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 for-sale duplex at 2526 Elm Ave, Lake Wales, FL 33898 offers a residential income property configuration with a total building size of 1,736 square feet on a 0.3-acre lot.
The property is described as being near restaurants, shopping, and a mall, supporting everyday convenience for future tenants.
As a multifamily duplex, the asset provides two separate residential units within one building, making it a straightforward option for buyers seeking a small-scale income property.
The property is described as being near restaurants, shopping, and a mall, supporting everyday convenience for future tenants.
As a multifamily duplex, the asset provides two separate residential units within one building, making it a straightforward option for buyers seeking a small-scale income property.
Key Highlights
- Block construction home built in 1983
- Central air conditioning and electric heating
- Tile ceramic flooring throughout
Local 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 | $28.1k | $16.20 |
| − Vacancy | −$1.8k | −$1.05 |
| EGI | $26.3k | $15.15 |
| − OpEx | −$7.9k | −$4.54 |
| NOI | $18.4k | $10.60 |
1,736 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$263.0K
$230.1K – $306.8K
NOI $18,407 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$234.9K
$205.5K – $274.1K
NOI $16,443 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$417.2K
$365.0K – $486.7K
NOI $29,202 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - For sale duplex featuring income-oriented residential layout on a small lot near restaurants and shopping.
Where is this duplex located?
The property is located at 2526 ELM AVE Lake Wales, FL.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Block construction home built in 1983; Central air conditioning and electric heating; Tile ceramic flooring throughout
