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236 Washington Avenue

Lake Wales, FL 33853

16 beds
9 baths
4,123 sqft
15,355 sqft lot
$175 per sqft
1950 build
– on site

Amazing opportunity to expand your real estate holdings in fast-growing central Florida. Lake Wales is among the most robust and exciting cities for investment opportunities, with the city and surrounding Polk County expanding rapidly. This 8-plex is always at capacity in a single-story, single building complex. The major systems of the home have all been recently upgraded. The roof is BRAND NEW, along with the sewer line and many windows. Complex was completely remodeled with electric and plumbing in 2022, and has provided steady cash flow. Complex is built to last with concrete block exterior construction on a concrete foundation, not raised. Tenants pay for their own electric and water, so expenses are minimal. Low property taxes and 1031 exchange opportunity.

Listing courtesy of STELLAR_MLS / ALABAMA LLC

Last checked: Checking… • Last updated Feb 20, 2025 •

MLS# O6243795 —

The Building

Year Built:

1950
New Construction:

false
Construction Materials:

Block
Levels:

One
Stories Total:

1
Roof:

Shingle
Foundation Details:

Slab
Patio And Porch Features:

Front Porch
Building Area Total:

4123
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Interior Features:

Open Floorplan
Flooring:

Tile
Fireplace:

false

Room Dimensions

Living Area:

4123
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

Take US Highway 27 South to Washington Ave, turn L. Drive .7 miles and the complex is at the intersection of Washington and C St.
Latitude:

27.913347
Longitude:

-81.592207
Coordinates:

-81.592207, 27.913347

The Property

Parcel Number:

272935879000003170
Property Type:

Residential
Property Subtype:

1/2 Duplex
Lot Size Acres:

0.35
Lot Size Area:

15355
Lot Size SqFt:

15355
Lot Size Dimensions:

114 x 134
Lot Size Units:

Square Feet
Total Acres:

1/4 to less than 1/2
Zoning:

R-3
Direction Faces:

North
View:

false
Exterior Features:

Courtyard
Fencing:

Fenced
Water Source:

Public
Road Surface Type:

Paved
Flood Zone Code:

X
Additional Parcels:

false
Homestead:

false
Lease Restrictions:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Lot:

17
Tax Block:

3
Tax Legal Description:

LAKE WALES LAND CO SUB PB 5 PG 11 BLK 3 LOTS 17 & 18
Tax Book Number:

5-11
Tax Annual Amount:

5773.23

Beds

Bedrooms Total:

16

Baths

Total Baths:

8.5
Total Baths:

9
Full Baths:

8
Half Baths:

1

The Listing

Virtual Tour URL Unbranded:

https://www.propertypanorama.com/instaview/stellar/O6243795
Special Listing Conditions:

None

Heating & Cooling

Heating:

Electric
Heating:

true
Cooling:

Wall/Window Unit(s)
Cooling:

true

Utilities

Utilities:

Cable Connected
Sewer:

Public Sewer

Appliances

Appliances:

Cooktop
Laundry Features:

Electric Dryer Hookup

The Community

Subdivision Name:

LAKE WALES LAND CO SUB
Senior Community:

false
Waterview:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Pets Allowed:

Yes
# of Pets:

10+
Association:

false
Ownership:

Fee Simple
Association Approval Required:

false

Parking

Garage:

false
Carport:

false

Monthly cost estimate

Asking price

$725,000

Expense	Monthly cost
Mortgage	$3,882
Taxes	$481
Insurance	$199
Utilities	$304 See report
Total	$4,866/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Max Internet Speed

Frontier

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
2/11/25 Feb 11, 2025	Price Changed	STELLAR_MLS	$725,000	-9.4%
11/2/24 Nov 2, 2024	Price Changed	STELLAR_MLS	$800,000	128.6%
10/27/24 Oct 27, 2024	Price Changed	STELLAR_MLS	$350,000	-58.8%

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Similar sold homes

This townhouse located in Lincoln Park, Lake Wales, FL 33853 is currently for sale for $725,000. 236 Washington Avenue is a 4,123 square foot townhouse with 16 beds and 9 baths that has been on Estately for 152 days. 236 Washington Avenue is in the Lincoln Park neighborhood of Lake Wales and has a WalkScore® of 28, making it car-dependent. This townhouse is in the attendance area of Bartow Elementary Academy, Mclaughlin Middle School And Fine Arts Academy, Union Academy Middle Magnet, Frostproof Middle-Senior High School, and Spook Hill Elementary School.

Listing Courtesy of: STELLAR_MLS and ALABAMA LLC.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.