Lake Wales, FL Residential Income Properties for Sale

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Indian Lake Estates, FL Babson Park, FL Winter Haven, FL Bartow, FL Dundee, FL Haines City, FL Fort Meade, FL Frostproof, FL

51 properties

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Updated: Sep 24

Waterfront RV Park

2651 MAR LISA COVE Road, Lake Wales, FL 33898

$2,250,000

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

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Updated: Jul 15

Medical Office with 13 Parking Spaces

441 S 11TH Street, Lake Wales, FL 33853

$1,150,000

3,310 sqft 0.72 AC lot

Approximately 3,300 SF medical office previously used for ophthalmology practice and surgical suite
On highly visible corner lot directly across from AdventHealth Lake Wales Hospital campus
Medical office layout includes 3 exam rooms, oversized reception and waiting area, optical display room, separate lab, kitchen/break room, and staff lockers
13 designated parking spaces plus detached storage building for additional convenience
Metal roof; central heating and central air; public water and public sewer; block construction; built in 1976

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11-Unit Apartment Building

315 RIDGE MANOR Drive, Lake Wales, FL 33853

$749,000

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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Lakefront 6-Unit Apartment Building

1854 HIGHLAND PARK S A-F, Lake Wales, FL 33898

$799,000

4,660 sqft 1.00 AC lot

Leased apartment property with varied unit layouts and Lake Easy frontage on a sizable residential parcel.

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Two-Unit Duplex Property

2526 ELM Avenue, Lake Wales, FL 33898

$320,000

1,736 sqft 0.33 AC lot

Two independent residences with central air, ceramic tile flooring, and public water service.

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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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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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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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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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Downtown Mixed-Use Building

244 E PARK Avenue, Lake Wales, FL 33853

$1,650,000

8,480 sqft 0.12 AC lot

Brick commercial property with two business suites and four apartments in Lake Wales’ walkable downtown setting.

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Multifamily Property with Strong Rental Appeal

315 Ridge Manor Drive, Lake Wales, FL 33853

$749,000

5,030 sqft

Eleven-unit multifamily property with long-term leases and convenient location.

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Duplex Property With Accessory Dwelling Unit

315 DORSETT Avenue, Lake Wales, FL 33853

$380,000

1,672 sqft 0.15 AC lot

Under-construction residential income property with a primary home and separate accessory dwelling unit.

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Lakefront Apartment Building

1854 HIGHLAND PARK Drive S, Lake Wales, FL 33898

$799,000

4,264 sqft 0.99 AC lot

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

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Lakefront Duplex With Guest House

1120 S SCENIC HIGHWAY, Lake Wales, FL 33853

$299,990

1,149 sqft

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

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Residential Income Property Half Duplex

1413 THOUSAND ROSES DRIVE S, Lake Wales, FL 33853

$149,000

858 sqft

Two-bedroom, two-bath home with updated flooring and a recently replaced roof in a gated 55+ community.

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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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Waterfront RV Park

2651 MAR LISA COVE, Lake Wales, FL 33898

$2,250,000

6.40 AC lot

Gated grounds include mobile homes, furnished RV units, recreation amenities, and facilities for boating and swimming.

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Remodeled Duplex with Expansion Potential

627 Washington Avenue, Lake Wales, FL 33853

$300,000

2,096 sqft

Completely remodeled corner duplex with two 2-bedroom, 1-bath apartments, private laundry, and fenced patio areas.

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Brick Triplex with New Roof

425 E Sessoms Ave, Lake Wales, FL 33853

$305,000

1,652 sqft

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

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Two-Unit Duplex with En-Suite Baths

6760 Daytona Dr, Lake Wales, FL 33855

$250,000

1,788 sqft

Vacant two-unit property in a gated community with private baths and dedicated driveway parking for each residence.

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26-Unit Multifamily Apartment Portfolio

3618 North Scenic Highway, Lake Wales, FL 33898

Contact for pricing

13,235 sqft

Two communities total 26 units across from each other, with well and septic servicing all residences.

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RV Park Lot with Full Hookups

16950 Hwy 630 E, Lake Wales, FL 33898

$85,000

199,940,400 sqft 0.09 AC lot

Configured for RV use with utility connections, a concrete pad, and potential tiny-home placement.

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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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Big Rig-Friendly RV Corner Lot

219 E APPALOOSA Trl, River Ranch, FL 33867

$195,000

0.13 AC lot

Oversized corner lot at River Ranch RV Resort with upgraded utilities and a custom concrete patio for outdoor entertaining.

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Lake Wales, FL Residential Income Properties Market Trends and Statistics

Explore 72 residential income properties for sale in Lake Wales, FL, showcased through 51 active listings on our real estate platform. These investment opportunities span a total of 200,035,801 square feet of properties for sale, with an estimated market value of $20,121,347.

Sale prices for residential income properties in Lake Wales, FL start at $47,500, averaging $428,113, and reaching up to $2,250,000 — 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

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	$163.6K
Lake Wales - 33853	$344.2K

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 pricing trends across core commercial property types 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.

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