1021 COHASSETT AVENUE Lake Wales, FL $ 397,000
1021 COHASSETT AVENUE
$ 397,000
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1021 COHASSETT AVENUE

Lake Wales, FL, 33853
$ 397,000
Bedrooms7 Baths4.0 Sq 2,188

Monthly Estimate*

$ 2,444

1021 COHASSETT AVENUE, Lake Wales, FL 33853 - Image 1
1021 COHASSETT AVENUE, Lake Wales, FL 33853 - Image 2
1021 COHASSETT AVENUE, Lake Wales, FL 33853 - Image 3
1021 COHASSETT AVENUE, Lake Wales, FL 33853 - Image 4

Multi-Family Home for sale in Lake Wales, FL

for $397,000 with 7 bedrooms and 4 full baths. This 2,188 square foot home was built in 1950 on a lot size of 0.53.

This multifamily investment property is strategically located in Lake Wales just off State Road 60, a major east-west corridor connecting Lake Wales to Lakeland and the broader Polk County market. The property is also just minutes from US Highway 27, providing convenient access to Lakeland as well as northbound routes to Davenport, Interstate 4, Celebration, and Kissimmee. The property consists of four income-producing rental units, including: One 3-bedroom unit currently leased for $1,200 per month One 2-bedroom unit currently leased for $850 per month One 1-bedroom unit currently leased for $850 per month One detached cottage currently leased for $850 per month All tenants are responsible for their own electric and water utilities, helping to minimize owner operating expenses. This property offers stable rental income with strong accessibility to major employment centers, transportation routes, and growing Central Florida markets.

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Multi-Family Active

Price

$ 397,000

Bedrooms

7

Full Bath

4

Property Type

Multi-Family

Taxes

$ 2,811

Style

Quadruplex

Lot Size

0.53

Year Built

1950

Town/City

Lake Wales

County/Region

Polk

MLS | Web ID

P4939125

Features
General
Sewer None
Heating None
Cooling Wall/Window Unit(s)
Utilities Electricity Connected Water Connected
Roof Shingle
Zoning R-3
Construction Materials Stucco
Year Built 1950
Tenant Pays Electricity Water
Property Subtype Quadruplex
Tax Year 2025
Ownership Fee Simple
County Polk
New Construction false
Property Type Residential Income
Subdivision Name LAKE WALES HIGHLAND HEIGHTS ADD
Garage Y/N false
Status Active
Directions From State Road 60 and US 27 head east on State Road 60. Turn right on S 10th Street and Left on Cohassett Avenue. The property is on the left.
City LAKE WALES
Senior Community Y/N false
MLS Area 33853 - Lake Wales South
Lot Size Units Square Feet
Lot Size Square Feet 23021
Carport Y/N false
Land Lease Y/N false
Tax Annual Amount 2811
Additional Parcels Y/N false
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 8
Legal Description LAKE WALES HIGHLAND HEIGHTS ADDITION PB 10 PGS 41A AND 41B BLK D LOT 8
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
DockY/N false
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Interior
Interior Amenities Ninguno
Air Conditioning Y/N true
Heating Y/N false
Fireplace Y/N false
Laundry Features None
Total Bedrooms 7
Total Baths 4
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Exterior
Exterior Amenities None
Water Source See Remarks
Lot Size Area 23021
Foundation Details Slab
Number of Buildings 2
Lot Size Acres 0.53
Road Surface Type Asphalt
Private Pool false
Waterfront Y/N false
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* Excluded Features
List By
dreyes@kwcommercial.com

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Affordability Calculator

$2,679
Per Month
91%
9%
0%
Monthly Principal & Interest
$2,444
Monthly Property Taxes
$234
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
6/23/2026$397,000 Listed Price

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1021 COHASSETT AVENUE, Lake Wales, FL, 33853 is a Multi-Family Home for sale at $397,000 with 2,188 sqft and a lot size of 0.53. 1021 COHASSETT AVENUE has 7 bedrooms, 4.0 baths, and was built in 1950. The property's zip code is 33853 which is in Lake Wales, FL