River Ranch, FL Residential Income Properties for Sale

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

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Updated: Nov 26, 2025

Historic Multifamily Investment Opportunity

428 E Johnson Ave, Lake Wales, FL 33853

$550,000

4,408 sqft

Six spacious 1‑bedroom / 1‑bathroom units totaling 4,408 SF.
Value‑add potential through further renovations to maximize rental income.
Located in the heart of Lake Wales, close to historic downtown, shopping, dining, cultural attractions, parks, and schools.
Generous 0.52‑acre lot zoned R‑1B.
Historic multifamily property constructed in 1928 with preserved architectural details and historic charm.

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This listing looks promising.

Here's a quick look at some key insights for

428 E Johnson Ave, Lake Wales, FL 33853

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Est. Cap Rate

7.6%
Above avg (5.9%)
Est. NOI

$42K
Annual
Price @ 7% Cap

$596K
Above asking
Property Type

Single Family Residence
Built 1928

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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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Block Duplex with Central Air

2526 ELM AVE, Lake Wales, FL 33898

$320,000

1,736 sqft 0.30 AC lot

Residential duplex with ceramic tile flooring, central air, and electric heat.

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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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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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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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Duplex with Updated Vacant Unit

3228 COURTNEY Drive, Lake Wales, FL 33898

$299,000

2,046 sqft 0.51 AC lot

Two residences offer private outdoor areas, central systems, and flexible occupancy for rental or multigenerational living.

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Duplex with Balcony Under Construction

315 DORSETT Avenue, Lake Wales, FL 33853

$380,000

1,672 sqft 0.15 AC lot

Under-construction duplex zoned IND with block construction, natural gas heat, central air, and a balcony.

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Lakefront 6-Unit Income Property

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

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4,264 sqft 1.00 AC lot

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

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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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RV Lot in 55+ Community

7350 MIDWAY Lane, Lake Wales, FL 33898

$47,500

0.06 AC lot

RV lot in a 55+ community with a paved RV pad, storage shed, and public water and sewer services.

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26-Unit Multifamily Apartment Portfolio

3618 North Scenic Highway, Lake Wales, FL 33898

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13,235 sqft

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

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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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Historic Lake Wales Mixed-Use Building

244 E PARK Avenue, Lake Wales, FL 33853

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8,480 sqft

Historic mixed-use building with commercial suites and residential apartments.

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Remodeled Duplex with Expansion Potential

627 Washington avenue, Lake Wales, FL 33853

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5,662 sqft

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

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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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Multifamily Property with Strong Rental Appeal

315 Ridge Manor Dr, Lake Wales, FL 33853

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5,030 sqft

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

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Deeded RV Lot in Resort

171 APPALOOSA Trl, River Ranch, FL 33867

$145,000

Deeded RV lot in River Ranch RV Resort with a shaded seating area and walkable access to resort amenities.

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Concrete RV Resort Lot

218 HORSESHOE, Lake Wales, FL 33898

$139,000

Furnished outdoor retreat with a golf cart, shade tree, and recreational amenities included in the sale.

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RV Resort Lot with Outdoor Living

145 HORSESHOE Bnd, River Ranch, FL 33867

$155,000

Oversized Phase 2 RV resort lot with a stamped concrete pad, built-out deck, fireplace gathering space, and storage shed.

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Corner RV Lot with Hardscaping

185 APPALOOSA TRAIL, River Ranch, FL 33867

$155,000

Move-in-ready corner RV lot with landscaped garden area, paver hardscaping, and outdoor living setup in an RV resort.

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RV Resort Lot with RV Pad

233 STALLION Ln, River Ranch, FL 33867

$148,000

Corner lot with a stamped concrete RV pad and full-size storage shed in an amenity-rich RV resort community.

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River Ranch, FL Residential Income Properties Market Trends and Statistics

Explore 37 residential income properties for sale in River Ranch, FL, showcased through 37 active listings on our real estate platform. These investment opportunities span a total of 70,790 square feet of properties for sale, with an estimated market value of $9,967,397.

Sale prices for residential income properties in River Ranch, FL start at $47,500, averaging $321,528, and reaching up to $1,650,000 — 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 64

Population Growth (5Y) -83.7%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
33867	$183.5K

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

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