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130 E Northside Drive Lake Wales, FL $ 258,000
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$ 258,000 Get more info
130 E Northside Drive
$ 258,000
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130 E Northside Drive

Lake Wales, FL, 33853
$ 258,000
Baths2.0 Sq 1,455

Monthly Estimate*

$ 1,589

130 E Northside Drive, Lake Wales, FL 33853 - Image 1
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View a Virtual Tour
Studio

Multi-Family Home for sale in Lake Wales, FL

for $258,000 with 2 full baths. This 1,455 square foot home was built in 1938 on a lot size of 0.23.

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 about 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

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Multi-Family Active

Price

$ 258,000

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 3,631

Style

Lot Size

0.23

Year Built

1938

Town/City

Lake Wales

County/Region

Polk

MLS | Web ID

R11150451
Features
General
Heating Central Electric
Cooling Central Air
Utilities Electricity Connected Natural Gas Available
Possession Close Of Escrow
Roof Other
Patio/Porch Features Covered Patio Porch
Construction Materials Other
Year Built 1938
Electric 3 Phase
Tenant Pays Cable TV Electricity Insurance Water
View Lake Other
Stories Count 1
Levels One
Property Subtype Duplex
Tax Year 2025
Gross Income 2400
Waterfront Features Lake Front
County Polk
Net Operating Income 28800
New Construction false
Property Type Residential Income
Subdivision Name NORTHSIDE HEIGHTS
Status Active
High School Lake Worth
City Lake Wales
Senior Community Y/N false
Number Of Units Total 2
MLS Area 5940 - Other Florida County
Elementary School Lakeside
Tax Annual Amount 3631.09
Middle/Junior High School Lake Worth
Property Condition Resale
Virtual Tour https://www.propertypanorama.com/130-E-Northside-Drive-Lake-Wales-FL-33853/unbranded
Standard Status Active
Property Sub Type Additional Duplex
Legal Description NORTHSIDE HEIGHTS PB 36 PG 48 BLK A LOT 12
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Interior
Flooring Wood
Air Conditioning Y/N true
Heating Y/N true
Total Baths 2
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Exterior
Exterior Amenities Outdoor Living Area
Lot Features < 1/4 Acre
Lot Size Area 10197
Building Area Total 1831
Lot Size Acres 0.23
Waterfront Y/N true
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* Excluded Features
List By
Penny Dias

Listing Agent

Affordability Calculator

$1,891
Per Month
84%
16%
0%
Monthly Principal & Interest
$1,589
Monthly Property Taxes
$303
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
0 Elementary School
0 Middle School
Lake Worth High School High School
See complete school information
Pricing History
Date Price Price Change Description
2/25/2026 $258,000 -0.77% Price Down
1/15/2026 $260,000 Listed Price

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130 E Northside Drive, Lake Wales, FL, 33853 is a Multi-Family Home for sale at $258,000 with 1,455 sqft and a lot size of 0.23. 130 E Northside Drive is a studio with 2.0 baths and was built in 1938. The property's zip code is 33853 which is in Lake Wales, FL

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