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130 E Northside Drive, Lake Wales, FL 33853

Lake Wales
Local realty services provided by:CENTURY 21 Hansen Realty
130 E Northside Drive,Lake Wales, FL 33853
$255,000
Virtual Tour
  • - Beds
  • - Baths
  • 1,455 sq. ft.
  • Multi-family
  • Active
Listed by: penny dias
Office: simon gray realty llc.888-321-1617
MLS#:R11150451
Source:SEFMLS

Price summary

  • Price:$255,000
  • Price per sq. ft.:$139.27

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
  • Updated:June 15, 2026 at 12:35 PM

Rooms and interior

  • Flooring:Hardwood, Wood
  • Living area:1,455 sq. ft.

Heating and cooling

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

Structure and exterior

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

Schools

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

Finances and disclosures

  • Price:$255,000
  • Price per sq. ft.:$139.27
  • Tax amount:$3,631 (2025)
Information deemed reliable but not guaranteed. Information is provided, in part, by Greater Miami MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing. SEFMLS Member Broker: Christine Hansen

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