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$370,000
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Property Description
Welcome to 425 E Sessoms Ave in Lake Wales - a turnkey income-producing triplex with major capital improvements already completed. This property includes two 1BR/1BA units and one studio apartment, each with private entrances and consistent rental demand. Investors will appreciate the new roof and new A/C units, offering reduced CapEx for years to come and stronger cash-flow stability. With three rentable units under one structure, this triplex supports multiple income strategies: long-term tenants, traveling professionals, or an owner-occupant looking to house hack. The two 1-bedroom units offer functional layouts with easy value-add potential, while the studio provides an additional revenue stream with strong occupancy potential. Located minutes from downtown Lake Wales, Lake Wailes Park, shopping, dining, medical centers, and major employment hubs, this property sits in a high-demand rental corridor. Key Highlights: "¢ Triplex: (2) 1BR/1BA units + (1) Studio "¢ New Roof + New A/C Units = Reduced long-term maintenance "¢ Multiple income streams under one roof "¢ Separate entrances & flexible rental configurations "¢ Strong rental demand close to downtown and amenities Whether you're expanding your rental portfolio or looking to offset your mortgage with rental income, this property delivers flexibility, stability, and reliable returns. Schedule your showing today.
Full Property Details
Full Property Details for 425 E Sessoms Ave
General
- Price: $370,000
- Taxes: $2,877 (2024)
- Status: Active
- Type: Duplex
- Source: MidFloridaRegionalMLS
- MLS ID: L4957271
- Updated: 12/8/2025
- Added to Site: 40 day(s) ago
Rental Information
- Lease/Rent Term: 12 Months
- Min. Lease: No Minimum
Interior
- Interior Features: Ceiling Fan(s), Other
- Appliances: Refrigerator
- Flooring: Laminate, Luxury Vinyl
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 2
Exterior
- Exterior Features: Other, Rain Gutters
Location
- Area: 33853 - Lake Wales South
- County: Polk
- Development Name: 33853 - Lake Wales South
- Subdivision: LAKE WALES
- Driving Directions: Hwy 60 to 1st St. Turn north on 1st St, then right onto E Sessoms Ave. Property will be on your left.
Community
- Community Name: 33853 - Lake Wales South
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Other
Utilities
- Sewer: Other
- Water: Public
- Utility Description: Cable Connected, Electricity Connected
Structural Information
- # Buildings: 3
- Exterior Const.: Block
- Roof: Shingle
- Stories/Levels: One
- Square Feet: 685
- Sq. Ft. Source: Public Records
- Year Built: 1937
Lot Features
- Lot Size (Acres): 0.31
- Lot Size (Sq. Ft.): 13,464
- Lot Size: 13464
- Street/Road Desc.: Asphalt
Financial Considerations
- Tax Amount: $2,877.34
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: LAKE WALES PB 1 PG 88A 88B S1&2 T30 R27 BLK 18 LOT 10
- Flood Zone Info: X
- APN: 273001883000018100
- Property ID: 273001883000018100
- Block/Lot/Section: 18
Listed by Bhhs Florida Properties Group
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Schools
Schools serving 425 E Sessoms Ave
School District:Polk County School District
| Name | Grades | Distance |
|---|---|---|
Spook Hill Elementary School 321 Doctor JA Wiltshire Avenue, Lake Wales, FL 33853 | PK-5 | 0.3 mi |
Mclaughlin Middle School And Fine Arts Academy 800 South 4th Street, Lake Wales, FL 33853 | 6-8 | 1.2 mi |
Bartow Senior High School 1270 South Broadway Avenue, Bartow, FL 33830 | 9-12 | 16 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 425 E Sessoms Ave
Date
Details
Price
Change
Source
12/08/2025
Listed
$370,000
23.75%
MLS
9/11/2023
Sold
$299,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 425 E Sessoms Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,781
3%
$145,091
4%
2023
$2,712
13%
$139,648
10%
2022
$2,390
16%
$127,116
19%
2021
$2,058
10%
$106,419
13%
2020
$1,869
-9%
$93,909
8%
2019
$2,063
8%
$86,565
3%
2017
$1,918
—
$84,153
7%
2017
$1,918
2%
$78,729
5%
2016
$1,882
26%
$74,863
8%
2015
$1,496
-5%
$69,113
—
2014
$1,581
—
$69,314
2%
2013
$1,582
—
$67,659
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 425 E Sessoms Ave
425 E Sessoms Avenue, Lake Wales, FL 33853 (MLS# L4957271) is a Duplex property with 2 bedrooms and 0 full bathrooms. 425 E Sessoms Avenue is currently listed for $370,000 and was received on December 08, 2025. Want to learn more about 425 E Sessoms Avenue? Do you have questions about finding other Duplex real estate for sale in Lake Wales? You can browse all Lake Wales real estate or contact a Coldwell Banker agent to request more information.

