434 E TILLMAN AVENUE Lake Wales, FL $ 825,000
434 E TILLMAN AVENUE
$ 825,000
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434 E TILLMAN AVENUE

Lake Wales, FL, 33853
$ 825,000
Bedrooms12 Baths7.0 Sq 4,466

Monthly Estimate*

$ 5,080

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Multi-Family Home for sale in Lake Wales, FL

for $825,000 with 12 bedrooms and 7 full baths. This 4,466 square foot home was built in 1920 on a lot size of 0.26.

Under contract-accepting backup offers. Price Reduced $25,000 – Seller Motivated! An outstanding investment opportunity just got even better in the heart of Lake Wales. The seller has lowered the price by $25,000, creating a compelling value for investors seeking strong cash flow and long-term upside. This 7-unit multifamily property offers solid rental income, strong occupancy, and multiple recent upgrades—making it a true turnkey addition to any portfolio. The unit mix includes five 2-bed/1-bath units and two 1-bed/1-bath units, a proven combination for stable, long-term tenancy. Major improvements have already been completed, including new roofs and some newer A/C systems, helping reduce future capital expenses and enhance operational efficiency. A standout feature is the large onsite storage area, presenting excellent value-add or expansion potential. Whether converted into income-producing storage units or reconfigured for future improvements, this space offers flexibility and upside. Ideally located near schools, shopping, dining, and major roadways, the property benefits from strong tenant demand and consistent occupancy. Investor Highlights • Price reduced $25,000 • 7 units (5× 2/1 + 2× 1/1) • New roofs & newer A/C systems • Strong existing cash flow • High occupancy history • Expansion or storage income potential • Central Lake Wales location With pricing improved and upside still intact, this is a rare opportunity to acquire a stabilized multifamily asset with room to grow. Bring your offers—this one is ready to move.

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Multi-Family Pending

Price

$ 825,000

Bedrooms

12

Full Bath

7

Property Type

Multi-Family

Taxes

$ 3,028

Style

Multi Family

Lot Size

0.26

Year Built

1920

Town/City

Lake Wales

County/Region

Polk

MLS | Web ID

L4957773

Features
General
Sewer Public Sewer
Heating Electric
Cooling Central Air
Utilities Cable Connected Electricity Connected Phone Available
Possession Close Of Escrow
Roof Membrane Shingle
Zoning R-2
Construction Materials Vinyl Siding Wood Frame
Year Built 1920
Tenant Pays Electricity
Levels Two
Property Subtype Multi Family
Tax Year 2024
Ownership Fee Simple
Gross Income 102000
County Polk
New Construction false
Property Type Residential Income
Subdivision Name LAKE WALES
Garage Y/N false
Status Pending
Directions From US-27: 1. Head east on Central Ave / FL-60 E. 2. Turn right onto S 4th Street. 3. Continue straight for approx. 0.3 miles. 4. Turn left onto E Tillman Avenue. 5. The property at 434 E Tillman Ave will be on your right. From Downtown Lake Wales: 1. Travel east on E Stuart Ave. 2. Turn right onto N 1st Street. 3. Turn left onto E Tillman Avenue. 4. Continue straight; property will be on your left. From SR-60 (coming from Vero Beach direction): 1. Take FL-60 W toward Lake Wales. 2. Turn left onto S 4th Street. 3. After 0.3 miles turn left onto E Tillman Avenue. 4. Property is on the right.
City LAKE WALES
Senior Community Y/N false
Number Of Units Total 7
MLS Area 33853 - Lake Wales South
Lot Size Units Square Feet
Lot Size Square Feet 11234
Carport Spaces 1
Carport Y/N true
Listing Terms Cash Conventional
Land Lease Y/N false
Tax Annual Amount 3028
Ok to Lease 12 Months
Additional Parcels Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/stellar/L4957773
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Pending
Tax Lot 4
Total Actual Rent 8500
Legal Description LAKE WALES PB 1 PG 88A 88B S1&2 T30 R27 BLK 42 LOT 4
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
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Interior
Interior Amenities Ceiling Fan(s) Solid Surface Counters Solid Wood Cabinets
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features None
Total Bedrooms 12
Total Baths 7
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Exterior
Exterior Amenities None Storage
Water Source Public
Lot Size Area 11234
Foundation Details Slab
Number of Buildings 3
Lot Size Acres 0.26
Road Surface Type Asphalt
Private Pool false
Waterfront Y/N false
Covered Spaces 1
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* Excluded Features
List By
Bhhs Florida Properties Group

Broker

realestatewesfl@gmail.com

Email

Affordability Calculator

$5,332
Per Month
95%
5%
0%
Monthly Principal & Interest
$5,080
Monthly Property Taxes
$252
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
1/15/2026$825,000 -2.94% Price Down
12/19/2025$850,000 Listed Price

Map


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434 E TILLMAN AVENUE, Lake Wales, FL, 33853 is a Multi-Family Home for sale at $825,000 with 4,466 sqft and a lot size of 0.26. 434 E TILLMAN AVENUE has 12 bedrooms, 7.0 baths, and was built in 1920. The property's zip code is 33853 which is in Lake Wales, FL