For sale

Price cut: $24K (6/25)

$775,000

315 Ridge Manor Dr, Lake Wales, FL 33853

6beds

12baths

5,030sqft

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Quadruplex, Multi Family

Built in 1926

-- sqft lot

$-- Zestimate^®

$154/sqft

$-- HOA

What's special

New roof

Exceptional 11-Unit Income Opportunity with Strong Rental Appeal! Don’t miss this unique mixed-unit multifamily property offering a versatile unit mix designed to attract a wide range of tenants and help minimize vacancies. With all 11 units currently occupied and long-term leases in place, this property provides immediate and stable income for the savvy investor. Ideally located with convenient access to schools, shopping, medical facilities, and major travel routes including Hwy 27 and SR 60, tenants enjoy easy north/south/east/west commuting—making this a highly desirable rental location. Recent improvements include a new roof and new septic drainfield, offering added peace of mind and reduced near-term capital expenses. Whether you’re expanding your portfolio or seeking your first solid, income-producing asset, this property checks all the boxes. Private showings are now being scheduled—secure your opportunity today!

105 days

208

11

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 12

Heating

Electric, Space Heater

Cooling

Wall/Window Unit(s)

Appliances

Laundry: Common Area, Laundry Room, Outside

Features

Windows: Window Treatments
Has fireplace: Yes
Fireplace features: Living Room

Interior area

Total structure area: 5,205
Total interior livable area: 5,030 sqft

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Property

Features

Levels: One
Stories: 1
Patio & porch: Patio, Porch, Screened
Exterior features: Storage

Lot

Size: 0.79 Acres

Details

Parcel number: 273011916000011040
Zoning: R-2
Special conditions: None

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex, Multi Family

Materials

Stucco, Wood Frame (FSC Certified)
Foundation: Crawlspace
Roof: Other,Shingle

Condition

New construction: No
Year built: 1926

Utilities & green energy

Sewer: Septic Tank
Water: Public
Utilities for property: Electricity Connected, Propane, Public

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: $9,928
Date on market: 3/20/2026
Cumulative days on market: 50 days
Listing terms: Cash,Conventional
Ownership: Fee Simple
Lease term: 12 Months
Total actual rent: 9290
Electric utility on property: Yes
Road surface type: Asphalt

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/25/2026	Price change	$775,000-3%$154/sqft
Source: Stellar MLS #K4903360 Report a problem
6/12/2026	Listed for sale	$799,000$159/sqft
Source: Stellar MLS #K4903360 Report a problem
4/17/2026	Pending sale	$799,000$159/sqft
Source: Stellar MLS #K4903360 Report a problem
3/20/2026	Listed for sale	$799,000$159/sqft
Source: Stellar MLS #K4903360 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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