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!
For sale
$799,000
315 Ridge Manor Dr, Lake Wales, FL 33853
6beds
12baths
5,030sqft
Est.:
Quadruplex, Multi Family
Built in 1926
-- sqft lot
$-- Zestimate®
$159/sqft
$-- HOA
What's special
New roof
- 15 days |
- 642 |
- 22 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: March 21, 2026 at 06:48am
Listing Provided by:
Dolores Vogel 863-632-5573,
LEGACY REAL ESTATE CENTER INC 863-676-0200
Source: Stellar MLS,MLS#: K4903360
Originating MLS: Lake Wales
Originating MLS: Lake Wales
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 12
Heating
- Electric, Space Heater
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Common Area, Laundry Room, Outside
Features
- Windows: Window Treatments
- Has fireplace: Yes
- Fireplace features: Living Room
Interior area
- Total structure area: 5,205
- Total interior livable area: 5,030 sqft
Video & virtual tour
Property
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio, Porch, Screened
- Exterior features: Storage
Lot
- Size: 0.79 Acres
Details
- Parcel number: 273011916000011040
- Zoning: R-2
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Stucco, Wood Frame (FSC Certified)
- Foundation: Crawlspace
- Roof: Other,Shingle
Condition
- New construction: No
- Year built: 1926
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Electricity Connected, Propane, Public
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: RIDGE MANOR
HOA
- Has HOA: No
Location
- Region: Lake Wales
Financial & listing details
- Price per square foot: $159/sqft
- Annual tax amount: $9,928
- Date on market: 3/20/2026
- Cumulative days on market: 14 days
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Lease term: 12 Months
- Total actual rent: 9290
- Electric utility on property: Yes
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/20/2026 | Listed for sale | $799,000$159/sqft |
Source:  Stellar MLS #K4903360 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$4,852/mo
Principal & interest
$3827
Property taxes
$1025
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Climate risks
Neighborhood: 33853
Nearby schools
GreatSchools rating
- 3/10Ben Hill Griffin Jr Elementary SchoolGrades: PK-5Distance: 8.9 mi
- 1/10Mclaughlin Middle School And Fine Arts AcademyGrades: 6-10Distance: 0.2 mi
- 3/10Frostproof Middle/Senior High SchoolGrades: 6-12Distance: 9.2 mi
Local experts in 33853
- Florida
- Polk County
- Lake Wales
- 33853
- 315 Ridge Manor Dr
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