315 RIDGE MANOR DRIVE Lake Wales, FL $ 799,000
315 RIDGE MANOR DRIVE
$ 799,000
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315 RIDGE MANOR DRIVE

Lake Wales, FL, 33853
$ 799,000
Bedrooms6 Baths12.0 Sq 5,030

Monthly Estimate*

$ 4,920

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View a Virtual Tour

Multi-Family Home for sale in Lake Wales, FL

for $799,000 with 6 bedrooms and 12 full baths. This 5,030 square foot home was built in 1926 on a lot size of 0.79.

Exceptional 11-Unit Income Opportunity with Strong Rental Appeal! Don’t miss this unique mixed-unit multifamily property offering a versatile unit mix designed to attract a wide range of tenants and help minimize vacancies. With all 11 units currently occupied and long-term leases in place, this property provides immediate and stable income for the savvy investor. Ideally located with convenient access to schools, shopping, medical facilities, and major travel routes including Hwy 27 and SR 60, tenants enjoy easy north/south/east/west commuting—making this a highly desirable rental location. Recent improvements include a new roof and new septic drainfield, offering added peace of mind and reduced near-term capital expenses. Whether you’re expanding your portfolio or seeking your first solid, income-producing asset, this property checks all the boxes. Private showings are now being scheduled—secure your opportunity today!

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Multi-Family Active

Price

$ 799,000

Bedrooms

6

Full Bath

12

Property Type

Multi-Family

Taxes

$ 9,928

Style

Quadruplex

Lot Size

0.79

Year Built

1926

Town/City

Lake Wales

County/Region

Polk

MLS | Web ID

K4903360

Features
General
Sewer Septic Tank
Heating Electric Space Heater
Cooling Wall/Window Unit(s)
Utilities Electricity Connected Propane Public
Possession Close Of Escrow
Roof Other Shingle
Zoning R-2
Patio/Porch Features Patio Porch Screened
Construction Materials Stucco Wood Frame (FSC Certified)
Year Built 1926
Levels One
Property Subtype Quadruplex
Tax Year 2025
Ownership Fee Simple
Gross Income 101524
County Polk
New Construction false
Property Type Residential Income
Subdivision Name RIDGE MANOR
Garage Y/N false
Status Active
Directions From Hwy 27 travel south to Lake Wales turn east onto Central Ave turn right onto First Street turn left onto Ridge Manor Drive property is on the corner of Exmor and Ridge Manor Drive.
City LAKE WALES
Senior Community Y/N false
Number Of Units Total 11
MLS Area 33853 - Lake Wales South
Lot Size Units Square Feet
Lot Size Square Feet 34360
Carport Y/N false
Listing Terms Cash Conventional
Land Lease Y/N false
Tax Annual Amount 9928
Ok to Lease 12 Months
Additional Parcels Y/N false
Lease Considered Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/K4903360
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 7
Total Actual Rent 9290
Legal Description RIDGE MANOR SECOND UNIT PB 19 PG 16 BLK 11 LOTS 4 THRU 6 & PT OF LOT 7 DESC AS: BEG SE COR NLY TO NE COR W 30 FT SLY 151.95 FT TO POB
Minimum Lease No Minimum
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
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Interior
Interior Amenities Window Treatments
Furnished Y/N Unfurnished
Fireplace Features Living Room
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Laundry Features Common Area Laundry Room Outside
Total Bedrooms 6
Total Baths 12
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Exterior
Exterior Amenities Storage
Water Source Public
Lot Size Area 34360
Foundation Details Crawlspace
Number of Buildings 2
Building Area Total 5205
Lot Size Acres 0.79
Road Surface Type Asphalt
Private Pool false
Waterfront Y/N false
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* Excluded Features
List By
Legacy Real Estate Center Inc

Broker

dolores@legacyrealestatecenter.com

Email

Affordability Calculator

$5,747
Per Month
86%
14%
0%
Monthly Principal & Interest
$4,920
Monthly Property Taxes
$827
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
3/20/2026$799,000 Listed Price

Map


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315 RIDGE MANOR DRIVE, Lake Wales, FL, 33853 is a Multi-Family Home for sale at $799,000 with 5,030 sqft and a lot size of 0.79. 315 RIDGE MANOR DRIVE has 6 bedrooms, 12.0 baths, and was built in 1926. The property's zip code is 33853 which is in Lake Wales, FL