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Lake Wales, FL Multifamily Homes & Duplexes for Sale

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  • /79

    $1,650,000

    • 6 Beds
    • 10 Baths
    • 8,480 Sq Ft

    244 E Park Ave, Lake Wales, FL 33853

    Truly rare opportunity to own a piece of Lake Wales History and the painstaking task of historic preservation has already been done! Built in 1915, the J.T. Rhodes Building was one of the first two brick-and-mortar buildings in Lake Wales. The City owes its origin to the building, where the villagers gathered upstairs in what was then the Masonic Hall on the night of April 27, 1917 to sign a

    Dolores Vogel LEGACY REAL ESTATE CENTER INC

    244 E Park Ave, Lake Wales, FL 33853
  • /12

    $260,000

    130 E Northside Dr, Lake Wales, FL 33853

    Duplex for Sale in the Beautiful City of Lake Wales, FL!Don’t miss this great investment opportunity! This duplex features two units — each 2 bedrooms and 1 bathroom — both currently tenant-occupied, offering immediate rental income.Located in the stunning and peaceful city of Lake Wales, this property is ideal for investors or future homeowners looking to generate passive

    Juarlonda Gosier Lokation

    130 E Northside Dr, Lake Wales, FL 33853
  • /20

    $550,000

    • 2 Beds
    • 1 Bath
    • 1,560 Sq Ft

    240 Dr M L King Jr Blvd, Lake Wales, FL 33853

    Take a look at this property. There are two buildings. Both buildings are duplexes. The property consist of four units, two bedrooms and one bathroom in each unit. All units are occupied. Tenants are on a month to month lease. There is adequate parking space. The property is located on a corner lot. Property is located near City Hall and close to downtown. Don't miss out on this

    Albert Kirkland TOWN & COUNTRY REAL ESTATE

    240 Dr M L King Jr Blvd, Lake Wales, FL 33853
  • /5

    $539,000

    • 6 Beds
    • 6 Baths
    • 4,408 Sq Ft

    428 E Johnson Ave Unit 6, Lake Wales, FL 33853

    2 BUILDINGS! .56 ACRES! 6-UNIT CASHFLOW MACHINE! Double digit return potential! New permitted roof July 2025. As per property appraiser, grandfathered in zoning for DUAL quadplex-Single Family. Front building quadplex and back building SFH being used as 2 units. So a 6/6 in total. Place has been partially renovated, needs TLC and touchups. Walk to Lake Wales and downtown area, well-kept street

    Steven Koleno BEYCOME OF FLORIDA LLC

    428 E Johnson Ave Unit 6, Lake Wales, FL 33853
  • /11

    $525,000

    • 8 Beds
    • 4 Baths
    • 2,496 Sq Ft

    315 D St Unit 1-4, Lake Wales, FL 33853

    Renovated Income-Producing Quadruplex in Lake Wales, FLThis renovated quadruplex presents a prime income-generating opportunity in the heart of Lake Wales, FL. With each of the four 2-bedroom, 1-bathroom units boasting modern updates, this property is a turn-key investment perfect for anyone looking to earn reliable rental income.Property Highlights:Four spacious

    Cynthia White LIVE FLORIDA REALTY

    315 D St Unit 1-4, Lake Wales, FL 33853
  • /27

    $240,000

    • 4 Beds
    • 3 Baths
    • 1,896 Sq Ft

    342 E Tillman Ave, Lake Wales, FL 33853

    Nice older 3/2 and 1/1 single family homes on the same lot! Great investment opportunity and cash flow. New roofs on both homes, 1/1 has been completely renovated, 3/2 has updates as well to flooring and paint. 3/2 features central HVAC, 1/1 features window units. Large lot, 3/2 has driveway in front, 1/1 driveway is off the back alley. Call to view it today!

    Peter Macera MACERA REALTY GROUP INC

    342 E Tillman Ave, Lake Wales, FL 33853
  • /11

    $428,959

    • 4 Beds
    • 4 Baths
    • 1,740 Sq Ft

    26 W Polk Ave, Lake Wales, FL 33853

    ***PRICE REDUCTION***Looking for an investment opportunity look no further! This triplex also has a detached unit and is nestled on an oversized lot in the heart of Lake Wales just minutes from downtown. The front unit has 1 bedroom and 1 bathroom and is nearly 500 living sq. ft. The rear unit also has 1 bedroom and 1 bathroom with nearly 500 living sq. ft. The third unit is a studio that is

    Matt Mesimer KELLER WILLIAMS REALTY SMART 1

    26 W Polk Ave, Lake Wales, FL 33853
  • /52

    $824,900

    • 6 Beds
    • 8 Baths
    • 4,264 Sq Ft

    1854 Highland Park Dr S Unit A-F, Lake Wales, FL 33898

    Unique opportunity to own a true LAKEFRONT 6 unit income property! With 100 feet of frontage on Lake Easy and a large one acre lot, this 4660+ square foot Multi-Family property has something to offer for everyone. Located in the quaint village of Highland Park, this location features a community park, walkable streets for afternoon or morning strolls, old growth and mature landscaping everywhere

    Dolores Vogel LEGACY REAL ESTATE CENTER INC

    1854 Highland Park Dr S Unit A-F, Lake Wales, FL 33898
  • /2

    $299,999

    • 10 Beds
    • 2 Baths
    • 2,528 Sq Ft

    485 D St, Lake Wales, FL 33853

    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

    Alysa Casorla EXIT KING REALTY

    485 D St, Lake Wales, FL 33853
  • /51

    $205,000 New Construction

    • 2 Beds
    • 2 Baths
    • 1,400 Sq Ft

    2885 Attwater Loop, Winter Haven, FL 33884

    PRICED TO SELL – NOW THE LOWEST-PRICED HOME IN THE COMMUNITY!Motivated sellers have just reduced the price, making this beautiful villa in Traditions 55+ the best value in the neighborhood! This 2-bedroom, 2-bathroom home with a flex room (ideal for a home office, den, or dining space) offers both comfort and modern convenience.The smart home features a well-appointed kitchen with

    Michelle Urena REALTY OF AMERICA

    2885 Attwater Loop, Winter Haven, FL 33884

Why Live in Lake Wales

Lake Wales, located in Polk County, Florida, is a small city with a population of 17,000. The city is undergoing significant revitalization, including an $18 million upgrade to its historic downtown, enhancing walkability and preserving open spaces. The downtown area features local shops and eclectic eateries, with popular dining spots like Manny’s Original Chophouse and Crazy Fish. The economy, traditionally anchored by the citrus industry, is diversifying with new manufacturing jobs, such as the Advanced Drainage System's pipe-making facility. Recreational attractions are abundant, including Lake Wailes Park Trail, Linton Sports Complex, and Lake Wales Country Club. Bok Tower Gardens, a botanical garden with a carillon tower, offers concerts and community events. The nearby River Ranch community provides hunting and camping opportunities. Housing options range from older homes in walkable areas to larger homes on waterfronts and golf courses. The Lake Ashton 55-plus community is particularly sought after. Lake Wales Senior High School, part of the local charter school district, is highly rated and partners with Bok Tower Gardens for specialized courses. The city is connected to Central Florida destinations via several main roads, with Orlando International Airport about 40 miles away. Crime rates have decreased, with violent crime falling by 33 percent and property crime by 8 percent from 2022 to 2023.

Home Trends in Lake Wales, FL

Housing Trends

Median Sale Price
$274,190
Median Single Family Sale Price
$284,385
Median Townhouse Sale Price
$253,534
Median 2 Bedroom Sale Price
$99,900
Median 1 Bedroom Sale Price
$128,900
Average Price Per Sq Ft
$171
Number of Homes for Sale
268
Last 12 months Home Sales
419
Months of Supply
7.70
Median List Price
$287,990
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
2%
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