130 E Northside Drive, Lake Wales, FL 33853

$249,000
Property Type: Residential Income Square Footage: 1,831 Status: Active
Current Price: $249,000 List Date: 8/25/2026 Last Modified: 10/22/2026

Overview

Description

This lakefront multi-family property in the heart of Lake Wales presents a rare opportunity for both savvy investors and future owner-occupants alike an impressive 8% rate with an all-cash purchase_and closer to a 9% cap with just 20% down at today's prevailing rates for those looking to live in one unit. the numbers make ownership more affordable than rent with the second unit 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. The seller is offering a $10.000 concession with full price offer

Listing Details MLS# B26042757

General Property Information

Number Of Units Total
2
Property Sub Type
Duplex
Building Area Main
1831
Building Area Source
Appraiser
Living Area Main
1455
Living Area Source
Appraiser
Accessibility Features YN
No
Year Built
1938
Parking Total
6
Gated Community YN
No
Lot Size Area
10197
Lot Size Acres
0.23
Senior Community YN
No
Land Lease YN
No
Recreation Lease YN
No
Waterfront YN
Yes
Stories Total
Yes
Stories
Yes
Pool Private YN
No
LP/Assessed Value
1.43

Property Features

Documents Available: Copy Of Lease(s) Exterior Features: None Flooring: Wood Property Condition: Resale Special Listing Conditions: Standard Structure Type: Duplex Tenant Pays: Cable TV; Electricity; Gas; Water Construction Materials: Other Cooling: Central Air Heating: Electric Levels: One Listing Terms: 1031 Exchange; Cash; Conventional; FHA; VA Loan Pets Allowed YN: No Possession: Negotiable Restrictions: No Smoking Other Leasing Restrictions: Leasing Prohibited Roof: Shingle Sewer: Public Sewer Sprinkler Description: None Tax Information: Other Exemption Utilities: Electricity Connected; Water Connected Water Source: Public Water View: Lake Waterfront Features: Lake Front Showing Requirements: 24 Hour Notice; Appointment Only Unit 1 Appliances: Dishwasher; Range; Refrigerator Unit 1 Other Equipment: Other Equipment Unit 1 Parking Features: Parking Space Unit 1 Rooms: Family Room; Kitchen Unit 2 Appliances: Dishwasher; Range; Refrigerator Unit 2 Other Equipment: Other Equipment Unit 2 Parking Features: Parking Space Unit 2 Rooms: Kitchen Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
255000
Negotiable Seller Concessions YN
Yes
Listing Service
Full Service

Location and Legal

Country
United States
County Or Parish
Polk
Street Number
130
Street Direction Prefix
E
Street Name
Northside
Street Suffix
Drive
Municipality Type
Incorporated
State Or Province
FL
Postal Code
33853
Subdivision Name
NORTHSIDE HEIGHTS
Area
5940 - Other Florida County
Geographic Area
Other
Special Assessment YN
No
Parcel Number
342927875300001120
Subdivision Number
875300
Zoning
R3
Flood Zone
AE,X

Financial Information

Master Association YN
No
Tax Annual Amount
3631.09
Tax Year
2025
Tax Assessed/SOH Value
173531
Tax Legal Description
NORTHSIDE HEIGHTS PB 36 PG 48 BLK A LOT 12
Assessor Market Value
201960

Status Change Information

Major Change Timestamp
2026-10-22T13:29:12Z
Major Change Type
Price Reduced
Price Change Timestamp
2026-10-22T13:29:12Z
Status Change Date
2026-08-25

More Information

Leasing Permitted Details

Leasing Permitted YN
No

Meter Information

Separate Electric Meters YN
No
Separate Gas Meters YN
No
Separate Water Meters YN
No
Number Of Meters Total
2

Unit 1 Details

Actual Rent
1200
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished
Hotel Room YN
No
SqFt
915

Unit 1 Lease Description

Currently Leased YN
Yes
Lease Term
12 Months
Lease Expiration
2026-07-31

Unit 1 Parking Details

Carport YN
No
Garage YN
No

Unit 2 Details

Actual Rent
1275
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished
Hotel Room YN
No
SqFt
915

Unit 2 Lease Description

Currently Leased YN
Yes
Lease Term
12 Months
Lease Expiration
2027-03-30
Occupant Type
Tenant

Unit 2 Parking Details

Carport YN
No
Garage YN
No

Unit 3 Details

Efficiency YN
No
Furnished
Unfurnished

Price Calculations

Current Price To SqFt
174.98

Originating Details

Originating System Key
20260618173042108175000000
Originating System ID
M00000170
IDX
Listing Office: Simon Gray Realty LLC
Source MLS Verified
Last Updated: October - 22 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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