$225,000

627 Washington Ave Lake Wales, FL 33853

$2,672
Closing credit¹
0 beds
2,096 sqft
0.1 acres
$107 / sqft
Multi-Family

Property details

About 627 Washington Ave

Under contract-accepting backup offers. Looking for an investment opportunity? Well look no further! This duplex is nestled in the beautiful city of Lake Wales. There are tenants currently occupying both units, so you can begin to generate revenue on day one! This property’s generous lot, quiet location, and convenient access to the major interstate roads make it an ideal rental option for tenants seeking flexibility and potential income. Each unit is 2 bedroom and 1 bathroom and are both nearly 1,152 living sq. ft. With monthly rents totaling $2,600 and an annual gross income of $31,200. So call today to get in on the action before this amazing opportunity slips away! NO FLOOD ZONE, NO CDD, NO HOA. Don’t miss this unique opportunity—contact me today to schedule a showing!

Highlights

Home typeDuplex
HeatingCentral
StatusSale Pending
(Pending)
CoolingCentral Air
Size2,096 sqft
Lot size0.13 Acres
Year built1966
MLS #S5119695

Summary

  • MLS Number: S5119695
  • MLS Name: MFRMLS
  • Office Name: TRANSCONTINENTAL REALTY GROUP,
  • Office Phone: (407) 401-8522
  • Listing Agent: Carlos Matos

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

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IDX Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 11:49:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Get an agent. Get a mortgage. Save big.¹

single story home featuring a carport

$225,000

627 Washington Ave

$2,672

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

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Tax history

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Nearby schools

3

Janie Howard Wilson School

Public Charter PK-5

0.4 mi

306 Florida Ave

4

Spook Hill Elementary School

Public District PK-5

0.9 mi

321 Dr J A Wiltshire Ave E

3

Polk Avenue Elementary School

Public Charter PK-5

1.3 mi

110 E Polk Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $19,107. The most common annual income of people living in Lake Wales, FL is less than $<35k. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.

How much money do the neighbors make?

75%
<35k
20%
35k-100k
3%
100k-200k
2%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

55%
Single, No Kids
24%
Single, with Kids
14%
Married, No Kids
7%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

18%
<11 yrs old
9%
12-17 yrs old
21%
18-34 yrs old
37%
35-64 yrs old
15%
65+ yrs old

What do the neighbors do for fun?

  • Figure SkatingFigure Skating
  • Pro WrestlingPro Wrestling
  • Extreme SportsExtreme Sports

Where do the neighbors shop?

  • KmartKmart
  • Wal-MartWal-Mart
  • Family DollarFamily Dollar

Where do the neighbors go to eat?

  • Bob EvansBob Evans
  • SonicSonic
  • Dominos PizzaDominos Pizza

What do the neighbors drive?

  • BuickBuick
  • OldsmobileOldsmobile
  • FordFord

What do the neighbors listen to?

  • OldiesOldies
  • Contemporary InspirationalContemporary Inspirational
  • New CountryNew Country
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 627 Washington Ave in Lake Wales, FL and zip code 33853. This 2,096 square foot home, which was built in 1966, sits on a 0.13 acre lot. Features: 0 bedroom, 0 bathroom. It has been listed on Rocket Homes since January 31, 2025 and is currently priced at $225,000.

In February 2025 more than 4 listings in Lake Wales, FL were sold above the asking price. During the same period more than 13 listings were sold at asking price, while more than 23 were sold below. Between January and February 2025, Lake Wales, FL real estate market has seen increase in the number of listings by 11.3%. The median list price of listings available in February 2025 was $280,000, while the average time on the real estate market was 103 days.

From Rocket Homes Real Estate and based on county public records data.

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