LKV Realty
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$249,999
$1,150Reward *
485 D Street, Lake Wales, FL 33853Listing ID A4662599

485 D Street, Lake Wales, FL 33853

Active
LAKE WALES LAND CO RESUB
Time on site: 364 daysLast updated: Sep 25, 2025
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
Multi Family
Bedrooms
Bedrooms
10
Bathrooms
Bathrooms
2
Square Feet
Square Feet
3,123
Acres
Acres
0.16
Days on Site
Days on Site
364
Cooling
Cooling
Wall/Window Unit(s)
Heating
Heating
None
Year Built
Year Built
1960
Parking
Parking
Driveway, Open, Off Street, On Street

Situated directly across from Janie Howard Wilson Elementary, this concrete block property presents an exceptional investment opportunity with significant income potential. Offering 10 bedrooms, 2 bathrooms, 2 kitchens, and an office space, the layout is ideal for generating strong cash flow through rental income with multi-tenant, single bedroom leasing. The property features an 8 year old metal roof, several replaced windows, and the bedrooms that have been updated over the years. In addition, there is storage space at the back of the property that used to be a store front, but could be converted into rentable storage units or additional rooms to maximize returns. Much of the heavy lifting has already been done, and with targeted improvements, this property has the ability to become a high-performing income-producing asset. Call today to schedule a walk-through and explore the possibilities.

Property Information

Property Details

Location

Address
485 D Street
County
Polk
City
Lake Wales
Zip Code
33853
Subdivision
LAKE WALES LAND CO RESUB
High School
Frostproof Middle - Senior High
Elementary School
Janie Howard Wilson Elem
MLS Area
33853 - Lake Wales South

Interior Features

Beds and Baths

Bedrooms
10

Building

Building Information

Square Feet
3,123
Year Built
1960
Construction
Block, Concrete
Foundation
Block, Concrete Perimeter
Roof
Metal

Financial

Special Conditions
None

Property Taxes

Tax Annual Amount
$2,115
Tax Year
2024
EXIT KING REALTY, (941) 497-6060

Market Report for 33853

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: Stellar MLS
Stellar MLS logo

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

For corrections to this data please contact Brytecore MLS Support.

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