$799,000
315 Ridge Manor Drive
Lake Wales, FL 33853
Listing updated: June 12, 2026 at 10:43 AM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
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!
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history28 days on market
- Status: ActiveJun 12, 2026
- Listed$799,000Mar 20, 2026
- Price increased$799,000
Facts & features
- Property type
- Residential Income
- Sub type
- Quadruplex
- Status
- Active
- Days on market
- 28
- Subdivision
- Ridge Manor
- County
- Polk
- Year built
- 1926
- Living area
- 5,030 sq ft
- Price/sq ft
- $159
- Building area
- 5,205 sq ft (Public Records)
- Lot size
- 34,360 sq ft
- Lot category
- 1/2 to less than 1
- Flood zone
- X (12105C0565H)
- Annual taxes
- $9,928 (2025)
- Parcel #
- 27-30-11-916000-011040
- Zoning
- R-2
- MLS #
- K4903360
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Interior Details
- Bedrooms
- 6
- Interior features
- Window Treatments
- Laundry
- Common Area, Laundry Room, Outside
- Stories / Levels
- One
- Fireplace
- Yes
Heating & Cooling
- Heating
- Electric, Space Heater
- Cooling
- Wall/Window Unit(s)
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Min lease term
- No Minimum
- Listing terms
- Cash, Conventional
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
Exterior & Construction
- Exterior features
- Storage
- Construction materials
- Stucco, Frame
- Roof
- Other, Shingle
- Foundation
- Crawlspace
- Road surface
- Asphalt
Utilities
- Sewer
- Septic Tank
- Water source
- Public
- Utilities
- Electricity Connected, Propane, Public
Listing Details
- Listing date
- 2026-03-20
- On market date
- 2026-03-20
- Original list price
- $799,000
- MLS area
- 33853 - Lake Wales South
- Listing AOR
- Lake Wales
- Status changed
- 2026-06-12
- Tax legal description
- RIDGE MANOR SECOND UNIT PB 19 PG 16 BLK 11 LOTS 4 THRU 6 & PT OF LOT 7 DESC AS: BEG SE COR NLY TO NE COR W 30 FT SLY 151.95 FT TO POB
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From Hwy 27 travel south to Lake Wales, turn east onto Central Ave, turn right onto First Street, turn left onto Ridge Manor Drive, property is on the corner of Exmor and Ridge Manor Drive.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of June 12, 2026 at 10:43 AM ET. All data is obtained from various sources and may not have been verified by 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.
Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA