646 BEVERLY DRIVE, LAKE WALES, FL 33853
What's special
Virtually Staged. INVESTMENT OPPORTUNITY in Lake Wales! This well-constructed brick duplex presents an excellent opportunity to acquire an income-producing property with additional value-add potential. The property consists of two spacious 2-bedroom, 1-bath units, each offering an oversized driveway for ample off-street parking and access to a fenced-in backyard. The durable brick construction and solid foundation provide a strong starting point for continued ownership and improvement. Several significant updates have already been completed. Unit 648 features an AC system, water heater, and luxury vinyl plank flooring installed approximately two years ago. The property was also updated with new plumbing approximately two and a half years ago, and the septic tank and drain field were replaced approximately four and a half years ago. One unit is currently rented, while the second unit is vacant and provides an opportunity for an investor to renovate, lease, and increase overall income potential. With approximately $30,000 in potential annual rental income when fully occupied, this property offers the opportunity to combine existing rental income with future upside through strategic improvements. Located in Lake Wales, the property provides convenient access to local shopping, dining, schools, parks, and major roadways, making it a practical location for both residents and rental tenants. A solid opportunity for an investor seeking a two-unit property with established improvements and room to add value.
- 41 days
- 262
- 27
Originating MLS: East PolkTravel times
Living Room
Kitchen
Dining Room
Zillow last checked:
Listing updated:
David Small 407-601-8351,
KELLER WILLIAMS REALTY SMART 1 863-508-3000,
Jordan Kelley 863-221-1769,
KELLER WILLIAMS REALTY SMART 1
Originating MLS: East Polk
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Features: Built-in Closet
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Range, Refrigerator
- Laundry: Electric Dryer Hookup, In Kitchen, Laundry Closet, Washer Hookup
Features
- Ceiling Fan(s), Living Room/Dining Room Combo, Open Floorplan, Split Bedroom
- Flooring: Carpet
- Has fireplace: No
Interior area
- Total structure area: 2,102
- Total interior livable area: 1,782 sqft
Video & virtual tour
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Front Porch, Rear Porch
- Exterior features: Lighting, Private Entrance, Private Mailbox, Rain Gutters, Sidewalk
- Fencing: Fenced,Wood
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 0.26 Acres
- Dimensions: 68 x 160
- Residential vegetation: Oak Trees, Trees/Landscaped
Details
- Parcel number: 273011915500003110
- Zoning: R-2
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
Materials
- Block, Stucco
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1983
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Electricity Connected, Water Connected
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: $154/sqft
- Annual tax amount: $3,414
- Date on market: 9/21/2026
- Cumulative days on market: 42 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Asphalt, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/21/2026 | Listed for sale | $275,000+301.5%$154/sqft |
Source:  Stellar MLS #L4965085 Report a problem | ||
| 9/4/2001 | Sold | $68,500$38/sqft |
Source: Public Record Report a problem | ||
Public tax history
Monthly payment
Estimated market value
Not available
Estimated sales range
Not available
Not available
Climate risks
Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.