2-Unit Duplex with Fenced
New
For Sale
$285,000
2526 ELM Avenue, Lake Wales, FL 33898
Residential, LAKE WALES, FL
Property Size1,736 SF
Lot Size0.30 Acres
Price / SF$164.17
Days on Market2
Property Features for 2526 ELM Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Living Room, Bathroom 1, Bedroom 4, Family Room, Bathroom 2, Bedroom 1
Parking features
RV
Interior features
Kitchen/Family Room Combo
Appliances
Cooktop, Dishwasher, Dryer, Microwave, Washer
Subdivision
GRANT ESTATES
Directions
Driving Directions - From US-27: Travel toward Lake Wales on US-27. Take the appropriate exit toward the Lake Wales city center and follow local roads toward Elm Avenue. Continue to 2526 Elm Avenue, Lake Wales, FL 33898. Driving Directions - From SR-60: Travel toward Lake Wales on SR-60. Continue toward the US-27/Lake Wales interchange and follow local roads toward the city center and Elm Avenue. Continue to 2526 Elm Avenue, Lake Wales, FL 33898.
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
GRANT ESTATES PB 70 PG 41 LOT 1
Tax Annual Amount
4028
Legal Description
GRANT ESTATES PB 70 PG 41 LOT 1
Utilities
Utilities
Cable Available
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
fenced backyard
outdoor space
Building Details
Year built
1983
Floors in Building
1
Flooring type
Laminate, Tile - Ceramic
Building materials
Block
Roof type
Shingle
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Danielle Mayers Dyall
(954) 899-1458
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 31 at 11:06PM
MLS# S5160272
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.
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Investment Insights
Based on property information with market context.
Built in 1983, this block duplex contains two separate residences, each with two bedrooms, one full bathroom, a kitchen, and a living area. The combined interior measures 1,736 square feet on a 0.3-acre lot. A fenced backyard provides outdoor space, and RV parking is available. Interior features include laminate and ceramic tile flooring, central heating and air conditioning, and a kitchen/family room combination. Appliances include a cooktop, dishwasher, dryer, microwave, and washer.
The property is in Lake Wales, with public water and cable availability. No HOA is reported.
The property is in Lake Wales, with public water and cable availability. No HOA is reported.
Key Highlights
- Two residences, each with 2 bedrooms and 1 full bathroom
- 1,736 square feet of combined interior area
- 0.3‑acre lot with fenced backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,407
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,140
$368.1K
Cap Rate 7%
$262,957
$263.0K
Cap Rate 9%
$204,522
$204.5K
Market Conditions
NOI Build-Up for 1,736 SF
Gross rent
$28.1K $16.20/SF
− Vacancy
−$1.8K −$1.05/SF
EGI
$26.3K $15.15/SF
− OpEx
−$7.9K −$4.54/SF
NOI
$18.4K $10.60/SF
Area
Polk County, FL
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,140
Cap Rate 7%
$262,957
Cap Rate 9%
$204,522
Alternative Uses
Best Use
Multifamily LT 5
$263.0K
$230.1K – $306.8K
NOI $18,407 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$234.9K
$205.5K – $274.1K
NOI $16,443 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$417.2K
$365.0K – $486.7K
NOI $29,202 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
199
Businesses Nearby
Explore this area
Business Placement
Demographics for 33898, FL
17,971
Population
10,080
Households
1.8
Avg Household Size
51
Median Age
17%
College-Educated
85%
High-School Grad
296.9 sq mi
ZIP Area
61
Density / Sq Mi
$54,778
Median Household Income
$32,414
Median Earnings
$1,122
Median Rent
$161,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own kitchen, living space, and appliances.
Where is this duplex located?
The property is located at 2526 ELM Avenue Lake Wales, FL.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 full bathroom; 1,736 square feet of combined interior area; 0.3‑acre lot with fenced backyard
