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$299,999
New Listing

485 D STREET
LAKE WALES, FL 33853

For Sale|Multi Family|Active
10
Beds
2
Total Baths
2,528
SqFt
$119
/SqFt
1960
Built
Subdivision:
LAKE WALES LAND CO RESUB
County:
Polk

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

Call Now: (352) 812-4872
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(352) 812-4872
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Situated directly across from Janie Howard Wilson Elementary, this concrete block property presents an exceptional investment opportunity with significant income potential. Offering 10 bedrooms, 2 bathrooms, 2 kitchens, and an office space, the layout is ideal for generating strong cash flow through rental income with multi-tenant, single bedroom leasing. The property features an 8 year old metal roof, several replaced windows, and the bedrooms that have been updated over the years. In addition, there is storage space at the back of the property that used to be a store front, but could be converted into rentable storage units or additional rooms to maximize returns. Much of the heavy lifting has already been done, and with targeted improvements, this property has the ability to become a high-performing income-producing asset. Call today to schedule a walk-through and explore the possibilities.

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Listing Snapshot
Price 
$299,999
Days On Site 
0 Days
Bedrooms 
10
Inside Area (SqFt) 
2,528 sqft
Total Baths 
2
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.16 Acres
Year Built 
1960
MLS® Number 
A4662599
Status 
Active
Property Tax 
$2,115.43
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
6 hours agoListing updated with changes from the MLS®
13 hours agoListing first seen on site
General Features
Acres 
0.16
Foundation 
BlockConcrete Perimeter
Parking 
DrivewayOff StreetOn StreetOpen
Property Sub Type 
Multi Family
Sewer 
Public Sewer
SqFt Total 
3123
Utilities 
Electricity ConnectedSewer ConnectedWater Connected
Water Source 
Public
Zoning 
R-3
Interior Features
Cooling 
Wall/Window Unit(s)
Furnished 
Negotiable
Interior 
Built-in Features
Laundry Features 
None
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Exterior Features
Construction Details 
BlockConcrete
Exterior 
Storage
Lot Features 
Level
Roof 
Metal
View 
City
Waterview 
City
Community Features
Financing Terms Available 
CashConventional
MLS Area 
33853 - Lake Wales South
Roads 
Asphalt
Township 
29
Schools
School District
Unknown
Elementary School
Janie Howard Wilson Elem
Middle School
Frostproof Middle Se
High School
Frostproof Middle - Senior High
Listing courtesy of EXIT KING REALTY 7196609695



Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2025, Stellar MLS.
Last checked: 2025-08-20 07:06 AM EDT

Neighborhood & Commute
Source: Walkscore
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