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.
For sale
$299,999
485 D St, Lake Wales, FL 33853
10beds
2baths
2,528sqft
Est.:
Multi Family
Built in 1960
-- sqft lot
$-- Zestimate®
$119/sqft
$-- HOA
What's special
- 3 days
- on Zillow |
- 116 |
- 6 |
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#: A4662599
Originating MLS: Venice

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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
- Loading
- Loading