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130 E Northside Drive

Lake Wales, FL 33853
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$255,000 $1,075/Mo
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Bed 4

Bed

Bath 2

Bath

SqFt1,455

Sqft

SqFt10,197

Sqft(Lot)

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

Detail Ic Property Details

Property Type : ResidentialIncome

Price : $255,000

AD Id : 71767937

MLS Id : R11150451

Beds : 4

Lot Size : 10,197 Sqft

Living Area Size : 1,455

Year Built : 1938

County : Polk

Subdivision: Northside Heights

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Feature Features

  • Interior Features

    Roof: Other

  • Heating & Cooling

    Has Heating: Yes Heating: Central, Electric Has Cooling: Yes Cooling: CentralAir Water front: 1

  • Building Information

    Year Built: 1938
    Building Area Total: 1831
    Construction Materials: Other
    Stories: 1
    Patio And Porch Features: Covered, Patio, Porch
    Private Pool: No
    Water front Features: LakeFront
    View: Lake, Other

  • Exterior Features

    Exterior Features: OutdoorLivingArea

  • Lot Information

    Main Square Feet: 10197 Lot Size Acres: 0.23 Lot Description: LessThanQuarterAcre

    Property Information

    Subdivision: NORTHSIDE HEIGHTS Source Property Type: ResidentialIncome Property SubType: Duplex Levels: One Property Age: 88

  • Listing Price Information

    Listing Price: $255000
    Original Price: $260000
    Cash, Conventional, FHA, VaLoan

  • Tax Information

    Parcel Number: 342927875300001120 Tax Year: 2025 Annual Tax: $3631.09 Tax Legal Desc: NORTHSIDE HEIGHTS PB 36 PG 48 BLK A LOT 12

  • School Information

    Elementary School: Lakeside Junior High School: Lake Worth Senior High School: Lake Worth

  • Utility Information

    ElectricityConnected, NaturalGasAvailable

  • Location Information

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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1402 Thousand Roses Dr..., Lake Wales, FL, 33853 $166,000 2 2 858 858 SqFt
134 E Street #1 2, Lake Wales, FL, 33853 $210,000 4 2 1,080 1,080 SqFt
627 Washington Avenue, Lake Wales, FL, 33853 $340,000 4 2 2,096 2,096 SqFt
642 Dr J A Wiltshire Av.., Lake Wales, FL, 33853 $385,000 6 4 2,100 2,100 SqFt

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The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 06/10/2026 @ 15:07

MLS: R11150451 LISTED BY: Penny Dias, Simon Gray Realty LLC 888-321-1617 SOURCE: Beaches MLS

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