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For sale
  • $299,999

    485 D St, Lake Wales, FL 33853

    10beds
    2baths
    2,528sqft
    : 
    Multi Family
    Built in 1960
    -- sqft lot
    $-- Zestimate®
    $119/sqft
    $-- HOA

    What's special

    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.
    3 days
    on Zillow
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    116
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    6
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    Zillow last checked: 7 hours ago

    Listing updated: August 20, 2025 at 09:13am

    Listing Provided by:

    Alysa Casorla 719-660-9695,

    EXIT KING REALTY 941-497-6060,

    Brian Best 941-587-2551,

    EXIT KING REALTY

    Source: Stellar MLS,MLS#: A4662599MLS LogoOriginating MLS: Venice

    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 485 D St.

    Next available tour time:Today at 6pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 2
    Heating
    • None
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Laundry: None
    Features
    • Built-in Features
    • Has fireplace: No
    Interior area
    • Total structure area: 3,123
    • Total interior livable area: 2,528 sqft

    Property

    Parking
    • Parking features: Driveway, Off Street, On Street, Open
    • Has uncovered spaces: Yes
    Features
    • Exterior features: Storage
    • Has view: Yes
    • View description: City
    Lot
    • Size: 6,913 Square Feet
    • Features: Level
    Details
    • Parcel number: 272935879500012271
    • Zoning: R-3
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Block, Concrete
    • Foundation: Block, Concrete Perimeter
    • Roof: Metal
    Condition
    • New construction: No
    • Year built: 1960

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Subdivision: LAKE WALES LAND CO RESUB
    HOA
    • Has HOA: No
    • Pet fee: $0 monthly
    Location
    • Region: Lake Wales

    Financial & listing details

    • Price per square foot: $119/sqft
    • Tax assessed value: $74,743
    • Annual tax amount: $2,115
    • Date on market: 8/19/2025
    • Listing terms: Cash,Conventional
    • Ownership: Fee Simple
    • Total actual rent: 0
    • Electric utility on property: Yes
    • Road surface type: Asphalt
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