236 Washington Ave Lake Wales, FL 33853
Property details
About 236 Washington Ave
Amazing opportunity to expand your real estate holdings in fast-growing central Florida. Lake Wales is among the most robust and exciting cities for investment opportunities, with the city and surrounding Polk County expanding rapidly. This 8-plex is always at capacity in a single-story, single building complex. The major systems of the home have all been recently upgraded. The roof is BRAND NEW, along with the sewer line and many windows. Complex was completely remodeled with electric and plumbing in 2022, and has provided steady cash flow. Complex is built to last with concrete block exterior construction on a concrete foundation, not raised. Tenants pay for their own electric and water, so expenses are minimal. Low property taxes and 1031 exchange opportunity.
Highlights
Virtual tour
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 8
- Appliances: Cooktop, Range, Refrigerator
- Flooring Type: Tile
- Interior: Open Floorplan
- Total Bedroom Count: 16
- Private Pool: No
- Exterior: Courtyard
- Heating: Electric
- Cooling: Wall/Window Unit(s)
- List Price: $725,000
- Price/SqFt: $175
- Annual Tax Amount: $2,132
- Tax Year: 2023
- Directions: Take US Highway 27 South to Washington Ave, turn L. Drive .7 miles and the complex is at the intersection of Washington and C St.
- Year Built: 1950
- Stories: 1
- Living Area: 4,123 SqFt
- Lot Size: 0.35 Acres
- MLS Number: O6243795
- MLS Name: MFRMLS
- Office Name: ALABAMA LLC
- Office Phone: (904) 276-2555
- Listing Agent: Erich Spivey
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Last updated on: 5/2/2025, 10:19:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$725,000
236 Washington Ave
$8,609
closing credit¹
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 10, 2016 | Home Sold | $87,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $795,600 | $2,132 |
| 2022 | $58,047 | $2,302 |
| 2021 | $55,693 | $2,302 |
History based on county public records data.
Nearby schools
3
Janie Howard Wilson School
Public Charter PK-5
0.3 mi
•306 Florida Ave
4
Spook Hill Elementary School
Public District PK-5
0.5 mi
•321 Dr J A Wiltshire Ave E
3
Polk Avenue Elementary School
Public Charter PK-5
1.2 mi
•110 E Polk Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $19,107. The majority of Lake Wales, FL residents have income less than $<35k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Figure Skating
Pro Wrestling
Extreme Sports
Where do the neighbors shop?
Kmart
Wal-Mart
Family Dollar
Where do the neighbors go to eat?
Bob Evans
Sonic
Dominos Pizza
What do the neighbors drive?
Buick
Oldsmobile
Ford
What do the neighbors listen to?
Oldies- Contemporary Inspirational
New Country
This home is located at 236 Washington Ave in Lake Wales, FL and zip code 33853. This 4,123 square foot home, which was built in 1950, sits on a 0.35 acre lot. Features: 16 bedrooms, 9 bathrooms. It has been listed on Rocket Homes since September 22, 2024 and is currently priced at $725,000.
Lake Wales, FL housing market in April 2025 saw over 8 listings sold above listed price, more than 16 sold at listed price and over 33 sold below. The inventory of homes for sale in Lake Wales, FL between March and April 2025 decreased by 0.3%. The median list price of listings available in April 2025 was $284,645, while the average time on the real estate market was 83 days.