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Sold for $510,000
    • $510,000

    335 E CENTRAL AVENUE, LAKE WALES, FL 33853

    7beds
    5baths
    3,728sqft
    Quadruplex, Multi Family
    Built in 1923
    -- sqft lot
    $374,400 Zestimate®
    $137/sqft
    $1,084 Estimated rent

    Home value

    $374,400

    $285,000 - $479,000

    $1,084/mo

    Zestimate® history
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    $1,084/mo

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    What's special

    Investor Alert! Current CAP Rate of 8.5! Great income producing investment property in the heart of Lake Wales currently providing $ 58,500.00 of annual income with room for increases. 4 rental units on the premises including the main residence that offers a 3 bedroom 2 bath refurbished 1923 craftsman style bungalow. There are two separate free standing buildings at the rear of the property that includes 2 bedrooms & 1 bath, and 1 bedroom and 1 bathroom. There is also an apartment on the back of the main residence which offers a 1 bedroom and 1 bath. All units have separate meters for electric and water. All units other than the main residence have window ac units. This property also includes the adjacent green-space on the property next to the main residence and fronts Central Avenue which has potential to add additional rental units. Location allows quick access to downtown restaurants , grocery stores, schools, and one block to the lake and park to enjoy. Ample parking for all tenants. All units are on annual leases with an opportunity to increase rates to market value. Measurements include all 4 units square footage and are approximate therefore not exact. Don't let this great opportunity pass. By appointment only. Preferred afternoon showings due to night shift of tenants.

    Zillow last checked:

    Listing updated:

    Listed by:

    Shawn Tingle 863-632-2668,

    FLORIDA REALTY INVESTMENTS 407-207-2220

    Bought with:

    Tamara Fontanot, 3595585

    AGILE GROUP REALTY

    Source: Stellar MLS,MLS#: P4931739MLS LogoOriginating MLS: Orlando Regional

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 5
    Rooms
    • Room types: Breakfast Room Separate, Utility Room
    Heating
    • Central, Electric, Other
    Cooling
    • Central Air, Wall/Window Unit(s)
    Appliances
    • Included: Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Ice Maker, Microwave, Refrigerator, Washer
    • Laundry: Inside
    Features
    • Attic Fan, Cathedral Ceiling(s), Ceiling Fan(s), Crown Molding, High Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat, Vaulted Ceiling(s), Walk-In Closet(s)
    • Flooring: Ceramic Tile, Hardwood
    • Windows: Aluminum Frames
    • Has fireplace: Yes
    • Fireplace features: Family Room
    Interior area
    • Total structure area: 4,000
    • Total interior livable area: 3,728 sqft

    Property

    Parking
    • Parking features: Assigned, Driveway, Guest
    • Has uncovered spaces: Yes
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Covered, Front Porch
    • Exterior features: Sidewalk
    Lot
    • Size: 0.41 Acres
    • Dimensions: 120 x 150
    • Features: City Lot, Landscaped, Level, Oversized Lot, Sidewalk
    Details
    • Parcel number: 273001883000033180
    • Zoning: R-2
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex, Multi Family
    Materials
    • Cedar, Wood Frame, Wood Siding
    • Foundation: Crawlspace, Slab
    • Roof: Metal,Shingle
    Condition
    • Completed
    • New construction: No
    • Year built: 1923

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: BB/HS Internet Available, Cable Connected, Electricity Connected, Sewer Available, Street Lights, Water - Multiple Meters, Water Connected

    Community & HOA

    Community
    • Pet fee: $0 monthly
    • Subdivision: LAKE WALES
    HOA
    • Has HOA: No
    Location
    • Region: Lake Wales

    Financial & listing details

    • Price per square foot: $137/sqft
    • Tax assessed value: $440,640
    • Annual tax amount: $3,924
    • Date on market: 8/26/2024
    • Cumulative days on market: 64 days
    • Listing terms: Cash,Conventional,FHA
    • Ownership: Fee Simple
    • Lease term: 12 Months
    • Total actual rent: 4875
    • Tenant pays: Electricity, Water
    • Electric utility on property: Yes
    • Road surface type: Paved, Asphalt, Gravel

    Price history

    DateEventPrice
    8/5/2026Listing removed$950
    Source: Zillow Rentals Report a problem
    7/30/2026Price change$950-4.5%
    Source: Zillow Rentals Report a problem
    6/5/2026Price change$995-5.2%
    Source: Zillow Rentals Report a problem
    5/26/2026Price change$1,050-4.1%
    Source: Zillow Rentals Report a problem
    5/8/2026Listed for rent$1,095
    Source: Zillow Rentals Report a problem
    11/27/2024Sold$510,000-7.3%$137/sqft
    Source: Stellar MLS #P4931739 Report a problem
    10/29/2024Pending sale$550,000$148/sqft
    Source: Stellar MLS #P4931739 Report a problem
    8/26/2024Listed for sale$550,000+15.8%$148/sqft
    Source: Stellar MLS #P4931739 Report a problem
    7/6/2023Sold$475,000+90%$127/sqft
    Source: Public Record Report a problem
    3/22/2021Sold$250,000+61.3%$67/sqft
    Source: Public Record Report a problem
    8/25/2005Sold$155,000+146%$42/sqft
    Source: Public Record Report a problem
    9/9/1998Sold$63,000$17/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$8,881 +19.7%$440,640 +13.9%
    2024$7,417 +104.1%$386,952 +106.7%
    2023$3,635 +12.2%$187,170 +8.7%
    2022$3,238 +96.2%$172,239 +106.1%
    2021$1,651 +3.6%$83,571 +4.4%
    2020$1,594 -2.6%$80,085 +0.1%
    2019$1,637 -15.1%$80,012 +1.8%
    2018$1,927 +0.3%$78,578 +3.1%
    2017$1,920 +22.4%$76,245 +3.2%
    2016$1,569 +0%$73,898 +2%
    2015$1,569 -2%$72,477 -0.9%
    2014$1,601 -8.2%$73,128 -1.9%
    2013$1,743 -4.4%$74,545 -6.2%
    2011$1,823 -8.6%$79,484 -10.1%
    2010$1,995 -17.7%$88,450 -11.4%
    2009$2,425 -1.2%$99,791 -9%
    2008$2,455 $109,613
    2007-- --
    2006$2,651 --
    2005-- --
    2004$1,719 +5.3%--
    2003$1,632 +3.3%$62,540
    2002$1,580 +4.1%$62,540 +4.1%
    2001$1,518 $60,100
    Find assessor info on the county website

    Neighborhood: 33853

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Spook Hill Elem
    • Middle: Mclaughlin Middle
    • High: Lake Wales Senior High

    Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $374,400
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $374,400

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