***PRICE REDUCTION***Looking for an investment opportunity look no further! This single family home also has a detached duplex and 2 additional tiny homes. This oversized lot is nestled in the heart of Lake Wales just minutes from downtown. The single family home is nearly 2,300 living sq. ft. and is currently used for student housing. The main house has 5 bedrooms 2 bathrooms. The detached duplex with 2 studios and 2 bathrooms. There are also two additional single family homes that are both 1 bedroom and 1 bathroom. The monthly rents total $6,635.00 and an annual gross income of $79,620.00. So call today to get in on the action before this amazing opportunity slips away!
For sale
Price cut: $26.4K (5/10)
$501,505
303 E Polk Ave, Lake Wales, FL 33853
5beds
6baths
3,669sqft
Est.:
Quadruplex, Multi Family
Built in 1925
-- sqft lot
$-- Zestimate®
$137/sqft
$-- HOA
What's special
Oversized lotEfficiency units
- 415 days
- on Zillow |
- 177 |
- 15 |
Zillow last checked: 7 hours ago
Listing updated: May 10, 2025 at 04:18pm
Listing Provided by:
Matt Mesimer 863-224-6999,
KELLER WILLIAMS REALTY SMART 1 863-508-3000
Source: Stellar MLS,MLS#: L4944595
Originating MLS: East Polk

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 6
Heating
- Central, Wall Units / Window Unit
Cooling
- Central Air, Wall/Window Unit(s)
Appliances
- Laundry: Inside, Laundry Room
Features
- Other
- Has fireplace: No
Interior area
- Total structure area: 4,116
- Total interior livable area: 3,669 sqft
Video & virtual tour
Property
Features
- Exterior features: Other
Lot
- Size: 0.62 Acres
- Dimensions: 150 x 180
Details
- Parcel number: 273001883000050060
- Zoning: C-2
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Wood Frame
- Foundation: Crawlspace, Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: LAKE WALES
HOA
- Has HOA: No
- Pet fee: $0 monthly
Location
- Region: Lake Wales
Financial & listing details
- Price per square foot: $137/sqft
- Tax assessed value: $309,687
- Annual tax amount: $6,581
- Date on market: 5/8/2024
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Asphalt, Paved
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