9035 TEMPLE DRIVE Lake Wales, FL $ 229,000
9035 TEMPLE DRIVE
$ 229,000
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9035 TEMPLE DRIVE

Lake Wales, FL, 33898
$ 229,000
Baths0.0 Sq 1,652

Monthly Estimate*

$ 1,410

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View a Virtual Tour
Studio

Multi-Family Home for sale in Lake Wales, FL

for $229,000. This 1,652 square foot home was built in 1989 on a lot size of 0.54.

THIS PROPERTY WON’T LAST LONG WITH A MAJOR $229,000 PRICE REDUCTION!! 3 UNIT MULTIFAMILY OPPORTUNITY WITH CANAL FRONTAGE LEADING TO LAKE-WALK-IN WATER. Located at the end of a private, dead-end street with 164 feet of canal frontage, this unique 0.54-acre multi-family property offers direct access to the 7,500-acre Lake Walk-In-Water—nationally renowned for its trophy bass fishing. Zoned R-3, this property features three existing units and the infrastructure to add a fourth, making it the ultimate versatile asset. Whether you are looking for a high-yield investment, a subsidized waterfront lifestyle, or a multi-generational getaway, this newly repriced asset is priced to move. CHOOSE YOUR STRATEGY: 1) The value-add investment at the newly reduced price of $229,000! The property generates $2,075/month ($24,900/year) from just two occupied units (Units A and C), with tenants paying their own utilities. IMMEDIATE UPSIDE: Lease the currently vacant Unit B ($750.00/month) $33,900.00/year unlocking a massive DOUBLE-DIGIT CAP RATE!!! 2) The Waterfront "House Hacker" Stop paying a mortgage and start getting paid to live on the water. You can immediately move into Unit B—a vacant, sturdy 1975 concrete block apartment featuring a kitchenette and its own private dock. While you enjoy the lake lifestyle, your neighbors in Units A and C will generate $2,075/month which can easily cover your mortgage and property taxes ($3,177/yr), and insurance. You get to live on the water virtually for free while building equity. The Family Compound / Fish Camp: a multi-generational retreat or a shared family vacation property? This compound offers three distinct, private living spaces on one lot. With multiple docks and direct canal access just three blocks from the public boat ramp, it is the perfect setup for a family of outdoor enthusiasts. Keep it all for your family, or rent out one unit to cover the annual carrying cost. This multifamily property offers multiple strategies and won’t last long!

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Multi-Family Active

Price

$ 229,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,780

Style

Triplex

Lot Size

0.54

Year Built

1989

Town/City

Lake Wales

County/Region

Polk

MLS | Web ID

P4937132

Features
General
Sewer None
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Utilities Other
Possession Close Of Escrow
Roof Metal
Zoning R-3
Construction Materials Concrete
Year Built 1989
Property Subtype Triplex
Tax Year 2024
Ownership Fee Simple
Waterfront Features Canal Front
County Polk
New Construction false
Property Type Residential Income
Subdivision Name WEST INDIAN LAKE HEIGHTS SUB
Garage Y/N false
Status Active
Directions Head north on FL-17 turn south on T S Wilson Rd. In 5.4 miles turn right on Blue Jordan Rd and continue straight onto walker in water rd turn right onto Boat Landing Rd then right on Tiger Creek Rd arrived to destination 0.2 miles on the left.
City LAKE WALES
Senior Community Y/N false
Number Of Units Total 3
MLS Area 33898 - Lake Wales
Lot Size Units Square Feet
Lot Size Square Feet 23522
Carport Y/N false
Listing Terms Cash Conventional
Land Lease Y/N false
Tax Annual Amount 2780.19
Additional Parcels Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/stellar/P4937132
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 56
Legal Description BEG NW COR OF SE1/4 RUN S 1001.23 FT TO 40 FT RD ELY ALONG C/L RD 309.13 FT FOR POB RUN N 18 DEG 54 MIN 33 SEC E 150.12 FT TO C/L WATERWAY ELY ALONG C/L 115.98 FT CONT N 81 DEG E 82.1 FT S 33 DEG 57 MIN 52 SEC W 217.39 FT S 31 DEG 06 MIN 01 SEC W 40 FT WLY 113.38 FT TO POB LESS N 25 FT &LESS S 20 FT BEING LOT 56 W INDIAN LAKE HGTS SUB
Water View Canal
Water Access Y/N false
Water View Y/N true
Flood Zone Code AE
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Interior
Interior Amenities Other
Flooring Hardwood
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features None
Total Bedrooms 0
Total Baths 0
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Exterior
Exterior Amenities Other
Water Source Private Well
Lot Size Area 23522
Foundation Details Block
Number of Buildings 0
Lot Dimensions 164 x 159
Lot Size Acres 0.54
Road Surface Type Paved
Frontage Length Canal: 164
Private Pool false
Waterfront Y/N true
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* Excluded Features
List By
Lpt Realty, Llc

Broker

tania@mbnarealty.com

Email

Affordability Calculator

$1,642
Per Month
86%
14%
0%
Monthly Principal & Interest
$1,410
Monthly Property Taxes
$232
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/25/2026$229,000 -9.84% Price Down
12/19/2025$254,000 Listed Price

Map


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9035 TEMPLE DRIVE, Lake Wales, FL, 33898 is a Multi-Family Home for sale at $229,000 with 1,652 sqft and a lot size of 0.54. 9035 TEMPLE DRIVE is a studio with 0.0 baths and was built in 1989. The property's zip code is 33898 which is in Lake Wales, FL