Accepting backups

$389,900

875 S LAKE SHORE WAY, LAKE ALFRED, FL 33850

6beds

3baths

1,609sqft

$2,606/mo

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Triplex, Multi Family

Built in 1945

-- sqft lot

$379,600 Zestimate^®

$242/sqft

$-- HOA

What's special

Exceptional visibility

Under contract-accepting backup offers. Investor Description (Short & Straight to the Point) Income-producing property with endless upside! This unique investment features 3 grandfathered rental units generating approximately $5,700/month in rental income. Situated on one of Polk County's highest-traffic corridors, the property offers exceptional visibility, commercial-area potential, and possible billboard income (buyer to verify approvals). Buy below the cost of comparable commercial opportunities and capitalize on multiple future value-add possibilities.

37 days
307
14

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 3

Heating

Central

Cooling

Central Air

Appliances

Laundry: Laundry Room

Features

Ceiling Fan(s), Open Floorplan
Basement: Crawl Space,Partial
Has fireplace: No

Interior area

Total interior livable area: 1,609 sqft

Property

Features

Exterior features: Garden, Private Mailbox, Private Yard, Storage

Lot

Size: 0.33 Acres
Dimensions: 100 x 145

Details

Parcel number: 262805525000002090
Zoning: C-1
Special conditions: None

Construction

Type & style

Home type: MultiFamily
Property subtype: Triplex, Multi Family

Materials

Stucco
Foundation: Basement, Crawlspace
Roof: Shingle

Condition

New construction: No
Year built: 1945

Utilities & green energy

Sewer: Septic Tank
Water: Public
Utilities for property: Cable Available, Electricity Available

Community & HOA

Community

Pet fee: $0 monthly
Subdivision: ROCHELLE TERRACE

HOA

Has HOA: No

Location

Region: Lake Alfred

Financial & listing details

Price per square foot: $242/sqft
Tax assessed value: $210,771
Annual tax amount: $4,043
Date on market: 7/27/2026
Cumulative days on market: 37 days
Listing terms: Cash,Conventional
Ownership: Fee Simple
Total actual rent: 0
Electric utility on property: Yes
Road surface type: Asphalt

Estimated market value

$379,600

$361,000 - $399,000

$1,148/mo

Price history

Date	Event	Price
8/22/2026	Contingent	$389,900$242/sqft
Source: My State MLS #11906561 Report a problem
7/28/2026	Listed for sale	$389,900+56%$242/sqft
Source: Stellar MLS #S5154520 Report a problem
7/18/2026	Price change	$1,100+41%$1/sqft
Source: Zillow Rentals Report a problem
5/27/2025	Listed for rent	$780-2.5%
Source: Zillow Rentals Report a problem
1/18/2025	Listing removed	$800
Source: Zillow Rentals Report a problem
12/24/2024	Listed for rent	$800-63.6%
Source: Zillow Rentals Report a problem
7/11/2024	Listing removed	$249,900$155/sqft
Source: Stellar MLS #O6163589 Report a problem
4/22/2024	Sold	$249,900$155/sqft
Source: Public Record Report a problem
4/1/2024	Listing removed	--
Source: Stellar MLS #O6158616 Report a problem
3/21/2024	Pending sale	$249,900$155/sqft
Source: Stellar MLS #O6163589 Report a problem
1/23/2024	Price change	$2,200-4.3%$1/sqft
Source: Stellar MLS #O6158616 Report a problem
1/23/2024	Price change	$249,900-16.7%$155/sqft
Source: Stellar MLS #O6163589 Report a problem
12/12/2023	Listed for sale	$299,900+57.9%$186/sqft
Source: Stellar MLS #O6163589 Report a problem
11/19/2023	Listed for rent	$2,300+43.8%$1/sqft
Source: Stellar MLS #O6158616 Report a problem
8/21/2019	Listing removed	$189,900$118/sqft
Source: CHARLES RUTENBERG REALTY ORLANDO #O5774945 Report a problem
8/14/2019	Listing removed	$1,600$1/sqft
Source: CHARLES RUTENBERG REALTY ORLANDO #O5795032 Report a problem
6/28/2019	Listed for rent	$1,600$1/sqft
Source: CHARLES RUTENBERG REALTY ORLANDO #O5795032 Report a problem
6/27/2019	Price change	$189,900-5%$118/sqft
Source: CHARLES RUTENBERG REALTY ORLANDO #O5774945 Report a problem
6/19/2019	Listed for sale	$199,900$124/sqft
Source: CHARLES RUTENBERG REALTY ORLANDO #O5774945 Report a problem
4/22/2019	Listing removed	$199,900$124/sqft
Source: CHARLES RUTENBERG REALTY ORLANDO #O5774945 Report a problem
4/4/2019	Listed for sale	$199,900+197.6%$124/sqft
Source: CHARLES RUTENBERG REALTY ORLANDO #O5774945 Report a problem
7/10/2017	Sold	$67,179-4.2%$42/sqft
Source: Public Record Report a problem
5/27/2017	Price change	$70,100-12.5%$44/sqft
Source: REALHome Services and Solutions #O5501203 Report a problem
4/29/2017	Price change	$80,100-11.1%$50/sqft
Source: REALHome Services and Solutions #O5501203 Report a problem
3/31/2017	Listed for sale	$90,100+50.4%$56/sqft
Source: OWNERS.COM #O5501203 Report a problem
9/25/1998	Sold	$59,900$37/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,043 +36.7%	$210,771 +57%
2024	$2,959 +16.5%	$134,222 +10%
2023	$2,540 +11.5%	$122,020 +10%
2022	$2,278 +9.5%	$110,927 +10%
2021	$2,080 +5.5%	$100,843 +6.8%
2020	$1,971 +8%	$94,384 +10%
2019	$1,824	$85,804 +10%
2018	$1,824 +9.5%	$78,004 +20.7%
2017	$1,666 +198.7%	$64,613 +21.3%
2016	$558 -1.3%	$53,252 +0.7%
2015	$565 -11.4%	$52,882 -19.4%
2014	$638 -5%	$65,650 +1.5%
2013	$671 +1.1%	$64,680 +1.2%
2012	$664 -13.2%	$63,916
2006	$765	--
2005	--	--
2004	$679 -0.9%	--
2003	$686 +7.7%	$53,963 +4.9%
2002	$637 +3.2%	$51,463 +1.6%
2001	$617	$50,653