$
Active
315 RIDGE MANOR DR
Lake Wales, Polk, FL, 33853
$739,000
$147/sqft
6Beds
12Baths
5,030Sq Ft
1926Built
172Days on Market
About this home
Exceptional 11-Unit Income Opportunity with Strong Rental Appeal! Don’t miss this unique mixed-unit multifamily property offering a versatile unit mix designed to attract a wide range of tenants and help minimize vacancies. With all 11 units currently occupied and long-term leases in place, this property provides immediate and stable income for the savvy investor. Ideally located with convenient access to schools, shopping, medical facilities, and major travel routes including Hwy 27 and SR 60, tenants enjoy easy north/south/east/west commuting—making this a highly desirable rental location. Recent improvements include a new roof and new septic drainfield, offering added peace of mind and reduced near-term capital expenses. Whether you’re expanding your portfolio or seeking your first solid, income-producing asset, this property checks all the boxes. Private showings are now being scheduled—secure your opportunity today!
Facts & Features
MLS ID#MFRK4903360
Price$739,000
StatusActive
Bedrooms6
Bathrooms12
Full BathsN/A
Half BathsN/A
Square Footage5,030 sqft
Acres0.7900
Year Built1926
TypeResidential Income
SubtypeQuadruplex
StyleN/A
Community Information
Address315 RIDGE MANOR DR
SubdivisionRidge Manor
CityLake Wales
CountyPolk
StateFL
Zip Code33853
Senior CommunityNo
Amenities
AmenitiesN/A
ParkingN/A
ViewNo
WaterfrontNo
PoolNo
Interior
Interior FeaturesWindow Treatments
HeatingElectric, Space Heater
CoolingWall/Window Unit(s)
FlooringN/A
FireplaceLiving Room
StoriesN/A
AppliancesN/A
Exterior
Exterior FeaturesStorage
ConstructionStucco, Frame
FoundationCrawlspace
RoofShingle, Other
FencingN/A
Lot FeaturesN/A
School Information
ElementaryN/A
MiddleN/A
HighN/A
Additional Information
Date ListedMarch 20, 2026
Days on Market172
ZoningR-2
Direction FacesN/A
New ConstructionNo
Mortgage Calculator
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This calculator provides estimates for informational purposes only and is not a loan offer, pre-approval, or commitment to lend. Actual rates, payments, and loan terms vary by lender and are subject to credit approval, income/asset verification, and market conditions. Property tax and homeowners insurance shown are estimates and may differ. PMI applies when the down payment is under 20%. For an official Loan Estimate, contact a licensed mortgage lender. LEGACY REAL ESTATE CENTER INC is a licensed real estate brokerage, not a mortgage lender. Equal Housing Opportunity.
172 days on market
Listed by: Dolores Vogel · 863-632-5573—LEGACY REAL ESTATE CENTER INC · 863-676-0200
Updated from Real Estate Market Data
MLS/IDX data last updated: November 14, 2026 7:13 AM . All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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