Under contract-accepting backup offers. Excellent investment opportunity in the heart of Lake Wales! This fully occupied (with one vacant unit ready for lease or owner use) 4-unit multifamily property offers immediate income potential with value-add upside. The property consists of four separate units with a desirable tenant mix. Unit 1 is leased through October 17, Units 2 and 4 are on month-to-month leases, providing flexibility for future rent adjustments, and Unit 3 is currently vacant, making it ideal for an owner-occupant or to lease at current market rates. Conveniently located near shopping, dining, schools, and major roadways, this property is well-positioned for long-term rental demand. Whether you’re looking to expand your investment portfolio or start generating rental income, this multifamily property offers a great combination of cash flow, flexibility, and future potential. Property is occupied, please do not approach the property without coordinating with LA.
Property Details
Price:
$299,999
MLS #:
TB8525074
Status:
Active Under Contract
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
LINCOLN PARK ADD
Neighborhood:
33853lakewalessouth
Listed Date:
Jul 1, 2026
Finished Sq Ft:
2,860
Total Sq Ft:
3,148
Lot Size:
6,665 sqft / 0.15 acres (approx)
Year Built:
1955
See this Listing
Schools
Elementary School:
Spook Hill Elem
Middle School:
McLaughlin Academy Of Excellence
High School:
Frostproof Middle – Senior High
Interior
Cooling
Central Air
Heating
Central
Interior Features
Other
Laundry Features
Other
Exterior
Construction Materials
Block, Concrete, Stucco
Exterior Features
Other
Roof
Metal
Financial
Tax Year
2025
Taxes
$4,642
Map
Community
- Address130 D STREET UNIT 1234 LAKE WALES FL
- SubdivisionLINCOLN PARK ADD
- CityLAKE WALES
- CountyPolk
- Zip Code33853
Subdivisions in LAKE WALES
Market Summary
Current real estate data for Multi Family in LAKE WALES as of Aug 29, 2026
10
Multi Family Listed
311
Avg DOM
201
Avg $ / SqFt
$571,289
Avg List Price
Property Summary
- Located in the LINCOLN PARK ADD subdivision, 130 D STREET UNIT 1234 LAKE WALES FL is a Multi Family for sale in LAKE WALES, FL, 33853. It is listed for $299,999 To schedule a showing of MLS#tb8525074 at 130 D STREET UNIT 1234 in LAKE WALES, FL, contact your InvestPro Properties, Inc. agent at 561-203-7022.
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Courtesy of MERIDIAN RESIDE. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Orlando/Tampa – FL. Detailed information about real estate listings held by brokerage firms other than InvestPro Properties, Inc. include the name of the listing broker. Neither the listing company nor InvestPro Properties, Inc. shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Orlando/Tampa – FL. All rights reserved. 130 D STREET UNIT 1234
LAKE WALES, FL