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875 S LAKE SHORE WAY Lake Alfred, FL $ 389,900
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875 S LAKE SHORE WAY
$ 389,900
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875 S LAKE SHORE WAY

Lake Alfred, FL, 33850
$ 389,900
Bedrooms6 Baths3.0 Sq 1,609

Monthly Estimate*

$ 2,462

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Multi-Family Home for sale in Lake Alfred, FL

for $389,900 with 6 bedrooms and 3 full baths. This 1,609 square foot home was built in 1945 on a lot size of 0.33.

Investor Description (Short & Straight to the Point) Income-producing property with endless upside! This unique investment features 3 grandfathered rental units generating approximately $5,700/month in rental income. Situated on one of Polk County's highest-traffic corridors, the property offers exceptional visibility, commercial-area potential, and possible billboard income (buyer to verify approvals). Buy below the cost of comparable commercial opportunities and capitalize on multiple future value-add possibilities.

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Multi-Family Active

Price

$ 389,900

Bedrooms

6

Full Bath

3

Property Type

Multi-Family

Taxes

$ 4,043

Style

Triplex

Lot Size

0.33

Year Built

1945

Town/City

Lake Alfred

County/Region

Polk

MLS | Web ID

S5154520
Features
General
Sewer Septic Tank
Heating Central
Cooling Central Air
Utilities Cable Available Electricity Available
Roof Shingle
Zoning C-1
Construction Materials Stucco
Year Built 1945
Property Subtype Triplex
Tax Year 2025
Ownership Fee Simple
Gross Income 68256
County Polk
New Construction false
Property Type Residential Income
Subdivision Name ROCHELLE TERRACE
Garage Y/N false
Status Active
Directions Driving Directions from I-4 (Closest Interstate) From Interstate 4 (I-4) – Exit 48 (CR 557 / Lake Alfred): Take Exit 48 toward Lake Alfred / CR 557. Head south on CR 557 for approximately 2.5 miles. Turn left onto US Highway 17/92 (S Lake Shore Way). Continue for approximately 0.3 miles. 875 S Lake Shore Way will be on your right.
City LAKE ALFRED
Senior Community Y/N false
MLS Area 33850 - Lake Alfred
Lot Size Units Square Feet
Lot Size Square Feet 14558
Carport Y/N false
Listing Terms Cash Conventional
Land Lease Y/N false
Tax Annual Amount 4043.25
Additional Parcels Y/N false
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot 9
Legal Description ROCHELLE TERRACE PB 8 PG 44 BLK 2 LOTS 9 & 10 LESS ST RD 600
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
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Interior
Interior Amenities Ceiling Fan(s) Open Floorplan
Basement Crawl Space Partial
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Laundry Room
Total Bedrooms 6
Total Baths 3
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Exterior
Exterior Amenities Garden Private Mailbox Private Yard Storage
Water Source Public
Lot Size Area 14558
Foundation Details Basement Crawlspace
Number of Buildings 2
Lot Dimensions 100 x 145
Lot Size Acres 0.33
Road Surface Type Asphalt
Private Pool false
Waterfront Y/N false
Number of Separate Water Meters 1
Number of Separate Electric Meters 1
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* Excluded Features
List By
info.cvfinancial@gmail.com

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Affordability Calculator

$2,799
Per Month
88%
12%
0%
Monthly Principal & Interest
$2,462
Monthly Property Taxes
$337
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
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Pricing History
DatePricePrice ChangeDescription
7/28/2026$389,900 Listed Price

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875 S LAKE SHORE WAY, Lake Alfred, FL, 33850 is a Multi-Family Home for sale at $389,900 with 1,609 sqft and a lot size of 0.33. 875 S LAKE SHORE WAY has 6 bedrooms, 3.0 baths, and was built in 1945. The property's zip code is 33850 which is in Lake Alfred, FL

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