316 Ohio St, Lake Wales, FL 33853

Incredible Multi-Family Investment Opportunity in Scenic Lake Wales!

Unlock significant income potential with this expansive MultiFamily property at 316 Ohio St in the charming and growing community of Lake Wales, FL. Boasting an impressive 6 bedrooms and 4 bathrooms across 2,636 sqft, this 1952-built residence offers a unique chance to maximize rental income or provide spacious multi-generational living.

Lake Wales is renowned for its affordable cost of living, “Old Florida” charm, and beautiful natural surroundings, including nearly 100 freshwater lakes and the iconic Bok Tower Gardens. The real estate market here is competitive, with a positive year-over-year median sale price growth of 10.1% as of May 2025, and average rents around $1,948/month.

Priced at an exceptional $230,000, with an estimated refi payment of just $1,171/month, this property presents a compelling value proposition. With its multiple units (or potential for conversion), you can benefit from consistent rental income, lower risk compared to single-family rentals, and significant tax advantages. Don’t miss this rare opportunity to secure a substantial asset in a thriving Central Florida location! Inquire today to explore the possibilities.