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About This Home

This 6-bedroom, 0-bathroom residential multi family at 1854 HIGHLAND PARK DRIVE S in Lake Wales, FL is listed for $799,000 ($187 per sqft). Built in 1923, the home offers 4,264 sqft of living space on a 0.99 acres lot.

Agent Description

PRICE IMPROVEMENT!! Unique opportunity to own a true LAKEFRONT 6 unit income property! With 100 feet of frontage on Lake Easy and a large one acre lot, this 4660+ square foot Multi-Family property has something to offer for everyone. Located in the quaint village of Highland Park, this location features a community park, walkable streets for after

noon or morning strolls, old growth and mature landscaping everywhere with that nostalgic feeling of a true neighborhood. Access to Lake Easy provides both fishing and recreation with its sandy bottom and panoramic views. This one-of-a-kind property is a must see to appreciate.

All units have leases in place with a total monthly income generating approx. $6850. There are two 2 bedroom/2 bath downstairs units, both lakefront; two upstairs 1 bedroom/1 bath units, both lakefront; and 2 studio units, with no lakefront views. Most units have been recently updated, with only 1 unit needing to be refreshed when there is a tenant turnover (which is rare!)

Key Features

  • Built in 1923
  • 0.99 acre lot
  • Waterfront

Property Details

#A-F
1923

Amenities

Waterfront

Monthly Cost Estimate

$4,273/mo

20% down · 6.5% · 30 years

Principal$578
Interest$3,462
Insurance$233

Estimates only. Actual payments may vary.

Location

1854 HIGHLAND PARK DRIVE S

Lake Wales, FL 33898

HIGHLAND PARK SUB

Features & Amenities

Interior Features

Ceiling Fans(s)Living Room/Dining Room ComboSplit Bedroom

Exterior Features

PavedOutbuildingsBalconyRain GuttersStorage

Property Details

Flooring

CarpetTileTile - CeramicWood

Construction

FrameStucco

Heating

BaseboardElectric (Heating)

Cooling

Multi UnitsWall/Window Unit(s)Window Unit(s)

Appliances

DryerRangeRefrigerator

Questions & Answers

This 6-bedroom, 0-bathroom residential multi family at 1854 HIGHLAND PARK DRIVE S is listed at $799,000 ($187/sqft). The estimated monthly payment is $3,462 based on 20% down at 6.5% interest.

Key features include: Built in 1923, 0.99 acre lot, Waterfront. Interior Features: Ceiling Fans(s), Living Room/Dining Room Combo, Split Bedroom. Exterior Features: Paved, Outbuildings, Balcony.

This property is listed by Dolores Vogel and can be reached at 8636325573 or dolores@legacyrealestatecenter.com.

DV

Dolores Vogel

Agent at LEGACY REAL ESTATE CENTER INC

(863) 632-5573

Listed by LEGACY REAL ESTATE CENTER INC · View on Broker Site

MLS# K4902471· Source: listhub· Updated 804 days ago

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1854 HIGHLAND PARK DRIVE S, Lake Wales, FL 33898

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