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    Lake Wales, FL
    Multifamily

    Lake Wales, FL Multifamily Properties for Sale

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    Found 31 multifamily property listings for sale in Lake Wales, FL, averaging $181/sq ft. Use valuation data to compare deals faster.
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    Waterfront RV Park
    Updated: Sep 24
    Waterfront RV Park

    2651 MAR LISA COVE Road, Lake Wales, FL 33898

    $1,950,000
    3,240 sqft 9.43 AC lot
    17 county‑approved RV sites
    Approximately 700+/- feet of lake frontage
    Two boat docks, a concrete boat ramp, and mooring areas
    Three double‑wide mobile homes and two furnished RV units
    Water, sewer, and 30- and 50‑amp electrical service reported at RV sites
    View details
    Renovated 2-Unit Duplex
    Updated: Oct 9
    Renovated 2-Unit Duplex

    3779 RED OAK Court, Lake Wales, FL 33898

    $450,000
    2,372 sqft 0.44 AC lot
    Duplex with 2,372 square feet of building area
    0.44‑acre parcel in Country Oaks Estates
    Built in 1996; one unit vacant and one tenant‑occupied
    Interior features include cathedral ceilings, an open floor plan, and walk‑in closets
    Patios and central heating and air conditioning
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    2-Unit Duplex with Fenced Yard
    2-Unit Duplex with Fenced Yard

    2526 ELM Avenue, Lake Wales, FL 33898

    $285,000
    1,736 sqft 0.30 AC lot

    Each residence has its own kitchen, living space, and appliances.

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    Two-Residence Duplex Property
    Two-Residence Duplex Property

    315 DORSETT AVENUE A & B, Lake Wales, FL 33853

    $400,000
    1,755 sqft

    Each home has a private entrance, full kitchen, separate utility meters, and washer/dryer hookups.

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    Two-Residence Duplex Property
    Two-Residence Duplex Property

    315 DORSETT Avenue, Lake Wales, FL 33853

    $400,000
    1,755 sqft 0.15 AC lot

    Separate utility meters, kitchens, and laundry hookups support independent use of each residence.

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    11-Unit Apartment Building
    11-Unit Apartment Building

    315 RIDGE MANOR Drive, Lake Wales, FL 33853

    $739,000
    5,030 sqft 0.79 AC lot

    Mixed-unit multifamily property with occupied units, long-term leases, and recent roof and septic drainfield improvements.

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    Two-Bedroom Duplex Unit
    Two-Bedroom Duplex Unit

    1413 THOUSAND ROSES Drive S, Lake Wales, FL 33853

    $149,000
    858 sqft 0.09 AC lot

    Half-duplex residence in a gated 55+ community with laminate flooring and public utilities.

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    Brick Duplex with Fenced Yard
    Brick Duplex with Fenced Yard

    646 BEVERLY DRIVE, Lake Wales, FL 33853

    $275,000
    1,782 sqft

    Two two-bedroom, one-bath units with private driveways, recent system upgrades, and one currently vacant unit.

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    Four-Unit Duplex Property
    Four-Unit Duplex Property

    3108 - 3110 - 3112 - 3114 HOLLY Street, Lake Wales, FL 33898

    $579,999
    1,457 sqft 0.23 AC lot

    Two duplex buildings provide four residential units with separate entrances, private outdoor space, and on-site parking.

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    Duplex with Remodeled Unit
    Duplex with Remodeled Unit

    106-108 W ORANGE Avenue, Lake Wales, FL 33853

    $299,890
    1,664 sqft 0.15 AC lot

    Each residence has two bedrooms, one bathroom, and a full kitchen.

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    Two-Unit Duplex with Fenced Yard
    Two-Unit Duplex with Fenced Yard

    2526 ELM AVENUE, Lake Wales, FL 33898

    $285,000
    1,736 sqft

    Two 2-bedroom residences each have a kitchen, living area, and appliances, with outdoor space behind the property.

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    Historic Mixed-Use Building
    Historic Mixed-Use Building

    244 E PARK Avenue, Lake Wales, FL 33853

    $1,650,000
    8,480 sqft 0.12 AC lot

    Two commercial suites and four apartments provide a diversified occupancy profile in a preserved brick building.

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    Three-Unit Property with Cottage
    Three-Unit Property with Cottage

    421 E CENTRAL Avenue, Lake Wales, FL 33853

    $345,000
    2,679 sqft 0.40 AC lot

    Two units occupy the main building, with a separate cottage providing the third rental unit.

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    Lakefront Duplex With Guest House
    Lakefront Duplex With Guest House

    1120 S SCENIC HIGHWAY, Lake Wales, FL 33853

    $274,990
    1,149 sqft

    Two separate living spaces offer flexible use beside Lake Belle, with updated systems and direct water frontage.

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    Lakefront Apartment Building
    Lakefront Apartment Building

    1854 HIGHLAND PARK Drive S, Lake Wales, FL 33898

    $725,000
    4,264 sqft 0.99 AC lot

    Six leased units include lake-facing residences, studios, and recently updated interiors.

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    Historic Multifamily Investment Opportunity
    Historic Multifamily Investment Opportunity

    428 E Johnson Ave, Lake Wales, FL 33853

    $550,000
    4,408 sqft

    Two-story, six-unit property in Lake Wales, Florida.

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    Brick Triplex with New Roof
    Brick Triplex with New Roof

    425 E Sessoms Ave, Lake Wales, FL 33853

    $285,000
    1,652 sqft

    Three-unit residential property with separate entrances, central AC, and detached storage with laundry facilities.

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    Deeded RV Lot in Gated Resort
    Deeded RV Lot in Gated Resort

    124 STALLION LANE, Lake Wales, FL 33867

    $134,999
    0.06 AC lot

    Deeded 0.06-acre RV lot within a gated resort community featuring resort-style amenities.

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    RV Lot in 55+ Community
    RV Lot in 55+ Community

    7336 International Circle, Lake Wales, FL 33898

    Contact for pricing
    2,383 sqft

    Spacious RV lot with an expansive concrete pad and a 50 AMP connection in a 55+ resort community.

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    Lakefront 6-Unit Income Property
    Lakefront 6-Unit Income Property

    1854 Highland Park Drive S #A-F, Lake Wales, FL 33898

    Contact for pricing
    4,264 sqft 1.00 AC lot

    Lakefront 6-unit property on one acre in Highland Park.

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    Deeded RV Lot with Paver Pad
    Deeded RV Lot with Paver Pad

    332 BOBCAT, Lake Wales, FL 33898

    $239,900

    A renovated corner parcel offers outdoor gathering areas and sits near the community pool, laundry, and bathhouse.

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    RV Park Lot with Full Hookups
    RV Park Lot with Full Hookups

    16950 County Road 630, Lake Wales, FL 33898

    $85,000
    0.09 AC lot

    RV-ready lot with concrete pad, utility connections, resort amenities, and optional rental participation.

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    RV Resort Lot in Phase 2
    RV Resort Lot in Phase 2

    206 Longhorn Dr, Lake Wales, FL 33898

    $145,000

    Lot in Phase 2 of River Ranch RV Resort, currently enrolled in the resort rental program.

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    RV Resort Property
    RV Resort Property

    313 GATOR Aly, Lake Wales, FL 33898

    $259,000

    RV resort site within River Ranch RV Resort under a mature oak canopy, with on-site clubhouse amenities.

    View details
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    Lake Wales, FL Multifamily Properties Market Trends and Statistics

    Explore 38 multifamily properties for sale in Lake Wales, FL, showcased through 31 active listings on our real estate platform. These investment opportunities span a total of 57,753 square feet of properties for sale, with an estimated market value of $11,628,138.

    Sale prices for multifamily properties in Lake Wales, FL start at $72,000, averaging $415,290, and reaching up to $1,950,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Mobile home & RV parks 28
    Duplexes 11
    Apartment buildings 5
    Short term rental properties 2
    Triplexes 2

    Demographics Overview

    Population 43K
    Population Growth (5Y) -17.6%
    Median Household Income $52,183
    College Educated 33.0%

    High-Yield Neighborhoods for Investment

    Identify Lake Wales submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    River Ranch - 33867 $171.7K
    Lake Wales - 33853 $498.3K

    Taxes & Financing

    Tax Rate (average for all types) 1.68%
    Property Tax per SF $27.09 per SF
    Tax Rate vs County Average 0.11 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Polk County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale Residential Income pricing trends in Polk County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Lake Wales fall within the 100,000+ square foot range.

    How Realmo verifies these figures

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    Browse Multifamily properties for Sale Near Lake Wales, FL

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    Most Searched ZIP Codes in Lake Wales, FL

    • 33898
    • 33853
    • 33867

    Featured Lake Wales Real Estate Agencies

    Realmo connects you with licensed Lake Wales CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Legacy Real Estate Center, Inc
    212 E. Stuart Ave Lake Wales, FL 33853
    Phone: (863) 676-0200
    www.legacyrealestatecenter.com
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