130 E Northside DriveLake Wales, FL 33853MLS Number R11150451

  • Price: $255,000
  • Est. Mortgage of $/month
  • 2 Days on Market
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Federal 30-year interest rate: 6.43% last updated on Jul 2, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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130 E Northside Drive Lake Wales FL 33853130 E Northside Drive Lake Wales FL 33853130 E Northside Drive Lake Wales FL 33853130 E Northside Drive Lake Wales FL 33853130 E Northside Drive Lake Wales FL 33853130 E Northside Drive Lake Wales FL 33853130 E Northside Drive Lake Wales FL 33853130 E Northside Drive Lake Wales FL 33853130 E Northside Drive Lake Wales FL 33853130 E Northside Drive Lake Wales FL 33853130 E Northside Drive Lake Wales FL 33853130 E Northside Drive Lake Wales FL 33853130 E Northside Drive Lake Wales FL 33853130 E Northside Drive Lake Wales FL 33853130 E Northside Drive Lake Wales FL 33853130 E Northside Drive Lake Wales FL 33853130 E Northside Drive Lake Wales FL 33853130 E Northside Drive Lake Wales FL 33853130 E Northside Drive Lake Wales FL 33853130 E Northside Drive Lake Wales FL 33853130 E Northside Drive Lake Wales FL 33853130 E Northside Drive Lake Wales FL 33853130 E Northside Drive Lake Wales FL 33853130 E Northside Drive Lake Wales FL 33853
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  • 0.23Acreage
  • 2Bathrooms
  • 1938Year Built
  • 1,455Square Feet
This lakefront multi-family property in the heart of Lake Wales presents a rare opportunity for both savvy investors and future owner-occupants alike. Delivering an impressive ~about 8% cap rate with an all-cash purchase-and closer to about a 9% cap with just 20% down at today's prevailing rates-this is a strong income-producing asset with immediate upside. Even more compelling, for those looking to live in one unit, the numbers make ownership more affordable than renting, while the second unit helps offset your mortgage. The property offers two well-designed 2-bedroom, 1-bath units with open-concept living, generous outdoor space, and desirable lakefront appeal with no HOA. While a new roof is needed, the seller is offering a $10,000 concession with a full-price offer
Listing by Simon Gray Realty LLC

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Basic Information

  • Gross Income $2,400
  • Tenant Pays Cable TV, Electricity, Insurance, Water

Rooms

  • Bathroom2

Building

  • Building ConstructionOther
  • Stories1
  • Units2
  • Year Built1938

Interior

  • Flooring Wood

Exterior

  • Exterior Features Outdoor Living Area
  • RoofOther

Amenities

  • Cooling Central Air
  • Cooling YN Yes
  • Other AmenitiesLakefront, Waterfront, Water View

Water Body

  • Water FeaturesLake Front
  • WaterfrontYes

Other

  • Date Listed07/04/2026
  • Documents Available Lease
  • Possession Close Of Escrow
  • View Count1

Tax Information

  • Tax Legal Description NORTHSIDE HEIGHTS PB 36 PG 48 BLK A LOT 12
  • Tax Year 2025
  • Taxes$3,631

Location

  • Address130 E Northside Drive
  • AreaOther Florida County
  • Building Number130
  • CountyPolk
  • StateFL
  • StreetE Northside Drive
  • SubdivisionNorthside Heights
  • TownLake Wales
  • Zip33853

Utilities

  • Electric 3 Phase
  • Heat SystemCentral, Electric
  • Heating YN Yes
  • Utilities Electricity Connected, Natural Gas Available

Legal

  • Parcel Number 342927875300001120
  • Universal Parcel Id urn:reso:upi:2.0:US:12105:342927875300001120

School Information

  • Elementary SchoolLakeside
  • High SchoolLake Worth
  • Junior HighLake Worth

Basic Information

  • List Price$255,000
  • MLS NumberR11150451
  • Modification Date07/04/2026
  • Property SubTypeDuplex
  • Property TypeResidential Income
  • StatusACT
  • Virtual TourView Tour

Property Information

  • Acreage0.23
  • Lot Features < 1/4 Acre
  • Patio And Porch Features Covered, Patio, Porch
  • Property Condition Resale
  • Property Sub Type Additional Duplex
  • Property View DescriptionLake, Other
  • Square Feet1,455
  • View YN Yes

Based on information submitted to BeachesMLS as of July 5, 2026 8:47 AM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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