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$825,000 -$25,000 (-2.94%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • 7 Units
  • 0.26 Acres
  • Updated 1 day ago
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Price Reduced $25,000 - Seller Motivated! An outstanding investment opportunity just got even better in the heart of Lake Wales. The seller has lowered the price by $25,000, creating a compelling value for investors seeking strong cash flow and long-term upside. This 7-unit multifamily property offers solid rental income, strong occupancy, and multiple recent upgrades-making it a true turnkey addition to any portfolio. The unit mix includes five 2-bed/1-bath units and two 1-bed/1-bath units, a proven combination for stable, long-term tenancy. Major improvements have already been completed, including new roofs and some newer A/C systems, helping reduce future capital expenses and enhance operational efficiency. A standout feature is the large onsite storage area, presenting excellent value-add or expansion potential. Whether converted into income-producing storage units or reconfigured for future improvements, this space offers flexibility and upside. Ideally located near schools, shopping, dining, and major roadways, the property benefits from strong tenant demand and consistent occupancy. Investor Highlights "¢ Price reduced $25,000 "¢ 7 units (5× 2/1 + 2× 1/1) "¢ New roofs & newer A/C systems "¢ Strong existing cash flow "¢ High occupancy history "¢ Expansion or storage income potential "¢ Central Lake Wales location With pricing improved and upside still intact, this is a rare opportunity to acquire a stabilized multifamily asset with room to grow. Bring your offers-this one is ready to move.

Full Property Details for 434 E Tillman Ave

General

  • Price: $825,000
  • Taxes: $3,028 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: L4957773
  • Updated: 1/15/2026
  • Added to Site: 40 day(s) ago

Rental Information

  • Lease/Rent Term: 12 Months

Interior

  • Interior Features: Ceiling Fan(s), Solid Surface Counters, Solid Wood Cabinets

Rooms

Bathrooms

  • Total Bathrooms: 7

Bedrooms

  • Total Bedrooms: 12

Exterior

  • Exterior Features: None, Storage

Parking

  • Carports: Yes
  • Carport: 1
  • Carport Spaces: 1
  • Covered Spaces: 1

Location

  • Area: 33853 - Lake Wales South
  • County: Polk
  • Development Name: 33853 - Lake Wales South
  • Subdivision: LAKE WALES
  • Driving Directions: From US-27: 1. Head east on Central Ave / FL-60 E. 2. Turn right onto S 4th Street. 3. Continue straight for approx. 0.3 miles. 4. Turn left onto E Tillman Avenue. 5. The property at 434 E Tillman Ave will be on your right. From Downtown Lake Wales: 1. Travel east on E Stuart Ave. 2. Turn right onto N 1st Street. 3. Turn left onto E Tillman Avenue. 4. Continue straight; property will be on your left. From SR-60 (coming from Vero Beach direction): 1. Take FL-60 W toward Lake Wales. 2. Turn left onto S 4th Street. 3. After 0.3 miles, turn left onto E Tillman Avenue. 4. Property is on the right.

Community

  • Community Name: 33853 - Lake Wales South

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable Connected, Electricity Connected, Phone Available

Structural Information

  • # Buildings: 3
  • Exterior Const.: Vinyl Siding, Wood Frame
  • Roof: Membrane, Shingle
  • Stories/Levels: Two
  • Square Feet: 4,466
  • Sq. Ft. Source: Public Records
  • Year Built: 1920

Lot Features

  • Lot Size (Acres): 0.26
  • Lot Size (Sq. Ft.): 11,234
  • Lot Size: 11234
  • Street/Road Desc.: Asphalt

Financial Considerations

  • Tax Amount: $3,028
  • 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 42 LOT 4
  • Flood Zone Info: X
  • APN: 273001883000042040
  • Property ID: 273001883000042040
  • Block/Lot/Section: 42

Listed by Bhhs Florida Properties Group

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— 434 E Tillman Ave —

  • Bhhs Florida Properties Group

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 434 E Tillman Ave

School District:Polk County School District
NameGradesDistance
Spook Hill Elementary School
321 Doctor JA Wiltshire Avenue, Lake Wales, FL 33853
PK-50.7 mi
Mclaughlin Middle School And Fine Arts Academy
800 South 4th Street, Lake Wales, FL 33853
6-80.8 mi
Bartow Senior High School
1270 South Broadway Avenue, Bartow, FL 33830
9-1216 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 434 E Tillman Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/15/2026
Price Reduced
$825,000
-2.94%
MLS
12/08/2025
Listed
$850,000
35.57%
MLS
5/31/2023
Sold
$627,000
—
Public Record
Get Price Alerts and Save Property
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 for 434 E Tillman Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,554
4%
$126,738
-1%
2024
$2,450
—
$127,801
-5%
2023
$2,440
13%
$134,423
10%
2022
$2,151
7%
$122,317
18%
2021
$2,013
10%
$103,957
13%
2020
$1,828
-19%
$91,859
7%
2017
$2,246
—
$85,750
6%
2017
$2,246
-7%
$80,783
-10%
2019
$2,422
-33%
$90,129
17%
2016
$3,614
147%
$76,988
14%
2015
$1,462
-5%
$67,532
—
2014
$1,534
1%
$67,248
4%
2013
$1,519
—
$64,973
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Signature Realty Associates

434 E Tillman Avenue, Lake Wales, FL 33853 (MLS# L4957773) is a Multi-Family property with 7 units containing 12 bedrooms and 0 full bathrooms. 434 E Tillman Avenue is currently listed for $825,000 and was received on December 08, 2025. Want to learn more about 434 E Tillman Avenue? Do you have questions about finding other Multi-Family 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.

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