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Off market
  • $206,300

    485 D St, Lake Wales, FL 33853

    10beds
    2baths
    2,528sqft
    Other
    Built in 1960
    6,969 Square Feet Lot
    $206,300 Zestimate®
    $82/sqft
    $1,564 Estimated rent

    Home value

    $206,300

    $155,000 - $260,000

    $1,564/mo

    Zestimate® history
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    $1,464/mo

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    What's special

    Office spaceMetal roofReplaced windows

    Situated directly across from Janie Howard Wilson Elementary, this concrete block property presents an exceptional investment opportunity with significant income potential. Offering 10 bedrooms, 2 bathrooms, 2 kitchens, and an office space, the layout is ideal for generating strong cash flow through rental income with multi-tenant, single bedroom leasing. The property features an 8 year old metal roof, several replaced windows, and the bedrooms that have been updated over the years. In addition, there is storage space at the back of the property that used to be a store front, but could be converted into rentable storage units or additional rooms to maximize returns. Much of the heavy lifting has already been done, and with targeted improvements, this property has the ability to become a high-performing income-producing asset. Call today to schedule a walk-through and explore the possibilities.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Zillow last checked:

    Source: EXIT Realty broker feed,MLS#: A4662599

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 2
    Features
    • Basement:
    • Has fireplace: No
    Interior area
    • Total structure area: 2,528
    • Total interior livable area: 2,528 sqft

    Property

    Lot
    • Size: 6,969 Square Feet
    Details
    • Parcel number: 272935879500012271

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Other
    Condition
    • Year built: 1960

    Community & HOA

    Location
    • Region: Lake Wales

    Financial & listing details

    • Price per square foot: $82/sqft
    • Tax assessed value: $302,940
    • Annual tax amount: $2,166
    • Date on market: 8/20/2025
    • Lease term: Contact For Details

    Price history

    DateEventPrice
    11/6/2025Listing removed$249,999$99/sqft
    Source: EXIT Realty broker feed #A4662599 Report a problem
    9/25/2025Price change$249,999-16.7%$99/sqft
    Source: Stellar MLS #A4662599 Report a problem
    8/20/2025Listed for sale$299,999-6%$119/sqft
    Source: EXIT Realty broker feed #A4662599 Report a problem
    7/11/2024Listing removed$319,000$126/sqft
    Source: Stellar MLS #O6211604 Report a problem
    6/5/2024Listed for sale$319,000$126/sqft
    Source: Stellar MLS #O6211604 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,166 +10%$37,884 +10%
    2024$1,969 -4.3%$34,440 +10%
    2023$2,057 +241.8%$31,309 +10%
    2022$602 +2.7%$28,463 +10%
    2021$586 +25.2%$25,875 +10%
    2020$468 -5.5%$23,523 -2.8%
    2019$495 -22.8%$24,210 +0.8%
    2018$641 +27.6%$24,013 +0.1%
    2017$502 +2.2%$23,998 +3.7%
    2016$492 +3.5%$23,149 +5.5%
    2015$475 $21,937
    Find assessor info on the county website

    Neighborhood: 33853

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $206,300
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $206,300