Duplex with Individual
New
For Sale
$450,000
3779 RED OAK Court, Lake Wales, FL 33898
Residential Income, LAKE WALES, FL
Property Size2,372 SF
Lot Size0.44 Acres
Price / SF$189.71
Days on Market7
Property Features for 3779 RED OAK Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 7, Bedroom 2, Bathroom 5, Bedroom 1, Bathroom 4, Bathroom 6, Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 7, Bedroom 8, Bathroom 3, Bathroom 1, Bathroom 8, Bedroom 5, Bedroom 6
Parking features
Open, Driveway
Patio and Porch features
Patio
Interior features
Cathedral Ceiling(s), Open Floorplan, Walk-In Closet(s)
Exterior features
Private Mailbox
Appliances
Dishwasher, Electric Water Heater, Range, Range Hood, Refrigerator
Subdivision
COUNTRY OAKS ESTATES
Lot features
In County, Paved
Elementary school
Spook Hill Elem
Middle school
McLaughlin Academy Of Excellence
High school
Bartow High
Directions
South HWY 27, left on Chalet Suzanne Rd, left on Mammoth Grove Rd, Right on Capps Road, Left on Red Oak Ct go to 3781 Red Oak Ct, Lake Wales, FL
Standard status
Active
APN
28-29-33-937792-001060
Size
2,372 SF
Lot size
0.44 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COUNTRY OAKS ESTATES UNIT 6 PB 75 PG 19 LOT 106
Tax Annual Amount
3889
Legal Description
COUNTRY OAKS ESTATES UNIT 6 PB 75 PG 19 LOT 106
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
patio
Building Details
Year built
1996
Floors in Building
1
Number of units
2
Flooring type
Laminate
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
COLDWELL BANKER REALTY · Coldwell Banker Real Estate
(863) 294-7541
Listed By:
J. Michael Nolen, JR · License #3008129
(863) 651-1971
Added: Oct 9
Changed: Oct 15
Last Checked: Oct 15 at 12:06PM
MLS# P4940120
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 2,372-square-foot duplex, built in 1996, contains two renovated residences. The property includes individual garages and patios, with 0.44 acres of land. Interior features include cathedral ceilings, an open floor plan, walk-in closets, laminate flooring, and central heating and air conditioning.
Set in a rural area near shopping, the property has access to Hwy 60 and Hwy 27. Public water and a septic system serve the site.
Set in a rural area near shopping, the property has access to Hwy 60 and Hwy 27. Public water and a septic system serve the site.
Key Highlights
- Two renovated residences in a 2,372‑square‑foot duplex
- 0.44‑acre property with individual garages and patios
- Eight bedrooms and eight bathrooms across the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,150
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$503,000
$503.0K
Cap Rate 7%
$359,286
$359.3K
Cap Rate 9%
$279,444
$279.4K
Market Conditions
NOI Build-Up for 2,372 SF
Gross rent
$38.4K $16.20/SF
− Vacancy
−$2.5K −$1.05/SF
EGI
$35.9K $15.15/SF
− OpEx
−$10.8K −$4.54/SF
NOI
$25.2K $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%
$503,000
Cap Rate 7%
$359,286
Cap Rate 9%
$279,444
Alternative Uses
Best Use
Multifamily LT 5
$359.3K
$314.4K – $419.2K
NOI $25,150 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$321.0K
$280.8K – $374.5K
NOI $22,467 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$570.0K
$498.8K – $665.0K
NOI $39,901 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
18
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated residences include patios and a combined eight bedrooms and eight bathrooms.
Where is this duplex located?
The property is located at 3779 RED OAK Court Lake Wales, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two renovated residences in a 2,372‑square‑foot duplex; 0.44‑acre property with individual garages and patios; Eight bedrooms and eight bathrooms across the property
