130 E Northside Drive, Lake Wales, FL 33853

Lake Wales
Local realty services provided by:Better Homes and Gardens Real Estate Florida 1st
130 E Northside Drive,Lake Wales, FL 33853
$258,000
Virtual Tour
  • - Beds
  • 2 Baths
  • 1,455 sq. ft.
  • Multi-family
  • Active
Listed by: penny dias
Office: simon gray realty llc.
MLS#:R11150451
Source:RMLS

Price summary

  • Price:$258,000
  • Price per sq. ft.:$140.91

About this home

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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Home facts

  • Year built:1938
  • Listing ID #:R11150451
  • Added:114 day(s) ago
  • Updated:April 24, 2026 at 02:54 PM

Rooms and interior

  • Total bathrooms:2
  • Flooring:Wood
  • Living area:1,455 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central, Electric
  • Central air:Yes

Structure and exterior

  • Roof:Other
  • Year built:1938
  • Building area:1,455 sq. ft.
  • Exterior Features:Patio, Porch
  • Levels:1 Story

Schools

  • High school:Lake Worth
  • Middle school:Lake Worth
  • Elementary school:Lakeside

Finances and disclosures

  • Price:$258,000
  • Price per sq. ft.:$140.91
  • Tax amount:$3,631 (2025)
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