$255,000
$5K PRICE DROP

130 E Northside Dr Lake Wales, FL 33853

Lake Wales Area

Estimated payment $1,600/month

Total Views 16,986
4 Beds
2 Baths
1,831 Sq Ft
$139 Price per Sq Ft

Highlights

  • Lake View
  • Granite Countertops
  • Living Room
  • Wood Flooring
  • Galley Kitchen
  • 4-minute walk to Washington Park

About This Home

This lakefront multi-family property in the heart of Lake Wales presents a rare opportunity for both savvy investors and future owner-occupants alike. Delivering an impressive about 8% cap rate with an all-cash purchase-and closer to a 9% cap with just 20% down at today's prevailing rates-this is a strong income-producing asset with immediate upside. Even more compelling, for those looking to live in one unit, the numbers make ownership more affordable than renting, while the second unit helps offset your mortgage. The property offers two well-designed 2-bedroom, 1-bath units with open-concept living, generous outdoor space, and desirable lakefront appeal with no HOA. While a new roof is needed, the seller is offering a $10,000 concession with a full-price offer, giving buyers a valuable head start on improvements. Whether you're expanding your portfolio or looking for a smart live-and-rent strategy, this property blends cash flow, lifestyle, and long-term value in one compelling package.

Listing Agent

Penny Dias

Simon Gray Realty, FL Listed on: 11/17/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938 | Remodeled in 2016

Home Design

  • Asphalt Roof

Interior Spaces

  • 1,831 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Living Room
  • Wood Flooring
  • Lake Views
  • Laundry Room

Kitchen

  • Galley Kitchen
  • Oven
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • 10,197 Sq Ft Lot
  • Central Air

Property Details

Home Type

Multi-Family

Year Built

Built in 1938 | Remodeled in 2016

Lot Details

10,197 Sq Ft Lot

Listing Details

  • FloorHardwood: Yes
  • HamletID: 0
  • HasCentralAC: Yes
  • KitchenCounterType: Granite
  • LandRentAmount: 0
  • Number Of Stories: 1
  • PercentageOfTaxThatIsDeductable: 0
  • PropertyCity: Lake Wales
  • Prop. Type: Multi-Unit (2-4)
  • Renovation Year: 2016
  • RoofAsphalt: Yes
  • Family Room: Yes
  • Kitchen: Yes
  • Laundry Room: Yes
  • Primary Bedroom: Yes
  • Private Guest Room: Yes
  • SForSaleAndRForRental: S
  • USStateAbbreviation: FL
  • ViewLake: Yes
  • ViewStreet: Yes
  • Year Built: 1938
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Renovated: 2016

Interior Features

  • ApplianceDishwasher: Yes
  • ApplianceMicrowave: Yes
  • ApplianceOven: Yes
  • ApplianceRefrigerator: Yes
  • Kitchen Type: Galley
  • Fireplaces: 0
  • Living Room: Yes
  • AboveArea Sq Ft: 1831

Garage/Parking

  • AttachedParking: 0
  • Numberof Garage Spaces: 0

Condo/Co-op/Association

  • Units in Building: 0

Lot Info

  • Lot Size Sq Ft: 10197
  • Number Of Lots: 0

Multi Family

  • Unit Number of Bedrooms: 4
  • Total Taxes: 0

Tax Info

  • Tax Year: 0

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,394 $173,531
2024 $2,990 $157,755
2023 $2,990 $143,414
2022 $2,478 $130,376 $7,500 $122,876
2021 $1,166 $24,354 $0 $0
2020 $1,040 $23,528 $5,000 $18,528
2019 $978 $20,127 $5,000 $15,127
2018 $1,132 $32,823 $5,000 $27,823
2017 $1,136 $33,247 $0 $0
2016 $1,080 $32,301 $0 $0
2015 $464 $30,632 $0 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/14/2026 07/14/26 For Sale $255,000 0.0% $139 / Sq Ft
07/02/2026 07/02/26 Off Market $255,000 -- --
05/26/2026 05/26/26 Price Changed $255,000 -1.2% $139 / Sq Ft
05/04/2026 05/04/26 For Sale $258,000 0.0% $141 / Sq Ft
05/02/2026 05/02/26 Off Market $258,000 -- --
02/25/2026 02/25/26 Price Changed $258,000 -0.8% $141 / Sq Ft
11/17/2025 11/17/25 For Sale $260,000 -- $142 / Sq Ft
Source: My State MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Special Warranty Deed $159,900 Centurion Title Group Inc
Quit Claim Deed -- None Available
Warranty Deed $15,000 Lyons Title & Trust
Warranty Deed $23,000 Lyons Title & Trust
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $6,312 FHA
Closed $7,500 New Conventional
Open $157,003 FHA
Source: Public Records

Source: My State MLS

MLS Number: 11607646

APN: 27-29-34-875300-001120

Florida Polk County Lake Wales 33853

130 E Northside Dr, Lake Wales, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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.

Nearby Homes
Penny Dias
Listing Agent
Penny Dias
Section Image
Simon Gray Realty, FL
(863) 208-6260
Your Personal Tour Guide

Ask me questions while you tour the home.