Sold for $250,000

$250,000

38 W ORANGE AVENUE, LAKE WALES, FL 33853

1beds

1baths

7,500sqft

Quadruplex, Multi Family

Built in 1925

-- sqft lot

$322,000 Zestimate^®

$33/sqft

$950 Estimated rent

Home value

$322,000

$238,000 - $425,000

$950/mo

Zestimate^® history

Owner options

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$950/mo

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$950/mo

Rent Zestimate^®

Refinance and save

$1,761/mo

Est. payment

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$1,761/mo

Est. payment

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What's special

Spacious downstairs units

INVESTOR ALERT!! IN DOWNTOWN LAKE WALES... A UNIQUE 1920'S 2 STORY BRICK BUILDING WITH COMMERCIAL AND RESIDENTIAL UNITS. 2 SPACIOUS DOWNSTAIRS UNITS WITH ABOUT 1875 SQ FT EACH, 1 IS CURRENTLY RENTED, 4 UNITS UPSTAIRS WHICH ARE 1 BED 1 BATH APARTMENT UNITS OF WHICH 2 ARE LIVABLE AND 2 ARE IN NEED OF MAJOR REHAB. THE ROOF AND ELECTRIC AND AC HAVE BEEN UPDATED. IT IS DEFINITELY A PROJECT ....BUT IT HAS GREAT BONES AND INCLUDES 1 VACANT LOT. THIS PROPERTY IS PRICED TO SELL, SO DON'T DEELAY CALL TODAY.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 1

Heating

Electric

Cooling

Wall/Window Unit(s)

Appliances

Laundry: Inside

Features

Ceiling Fan(s)
Has fireplace: No

Interior area

Total interior livable area: 7,500 sqft

Property

Parking

Parking features: Driveway, Off Street
Has uncovered spaces: Yes

Features

Levels: Two
Stories: 2
Exterior features: Private Mailbox, Sidewalk

Lot

Size: 0.45 Acres
Dimensions: 187' x 103' M/L
Features: City Lot, Level

Details

Additional parcels included: 27-30-02-902000-001110 & 001130
Parcel number: 273002902000001120
Special conditions: None

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex, Multi Family

Materials

Brick, Stucco
Foundation: Slab
Roof: Built-Up

Condition

Completed
New construction: No
Year built: 1925

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Electricity Connected, Fire Hydrant, Public, Sewer Connected, Street Lights, Water Connected

Community & HOA

Community

Pet fee: $0 monthly
Subdivision: RHODESBILT NEW CENTER

HOA

Has HOA: No

Location

Region: Lake Wales

Financial & listing details

Price per square foot: $33/sqft
Tax assessed value: $300,539
Annual tax amount: $3,944
Date on market: 9/12/2025
Listing terms: Cash,Conventional
Ownership: Fee Simple
Total actual rent: 0
Electric utility on property: Yes
Road surface type: Paved, Asphalt

Price history

Date	Event	Price
11/6/2025	Sold	$250,000+32.3%$33/sqft
Source: Stellar MLS #K4903065 Report a problem
9/15/2025	Pending sale	$189,000$25/sqft
Source: Stellar MLS #K4903065 Report a problem
9/15/2025	Listed for sale	$189,000+243.6%$25/sqft
Source: Stellar MLS #K4903065 Report a problem
9/26/2003	Sold	$55,000-31.3%$7/sqft
Source: Public Record Report a problem
8/8/1994	Sold	$80,000$11/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,385 +126.7%	$53,501 +10%
2024	$1,052 +13%	$48,637 +10%
2023	$931 +11.4%	$44,215 +10%
2022	$836 +9.3%	$40,195 +10%
2021	$765 +5%	$36,541 +10%
2020	$728 +4.6%	$33,219 +10%
2019	$696 -34.8%	$30,199 +10%
2018	$1,067 +13.5%	$27,454 +3.5%
2017	$941 +80.4%	$26,519 +8%
2016	$521 +4.1%	$24,550 +6%
2015	$501 +5.4%	$23,150 +6.6%
2014	$476	$21,722