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$397,000

1021 COHASSETT AVENUE, LAKE WALES, FL 33853

Active16 days on market

Beds

Baths

Sq Ft

2,188 sq ft

Year Built

1950

Lot Size

0.53 acres

Garage

—

About This Property

This multifamily investment property is strategically located in Lake Wales just off State Road 60, a major east-west corridor connecting Lake Wales to Lakeland and the broader Polk County market. The property is also just minutes from US Highway 27, providing convenient access to Lakeland as well as northbound routes to Davenport, Interstate 4, Celebration, and Kissimmee. The property consists of four income-producing rental units, including: One 3-bedroom unit currently leased for $1,200 per month One 2-bedroom unit currently leased for $850 per month One 1-bedroom unit currently leased for $850 per month One detached cottage currently leased for $850 per month All tenants are responsible for their own electric and water utilities, helping to minimize owner operating expenses. This property offers stable rental income with strong accessibility to major employment centers, transportation routes, and growing Central Florida markets.

Property Overview

Property TypeResidential Income

Sub TypeQuadruplex

MLS #P4939125

StatusActive

Year Built1950

ConstructionStucco

RoofShingle

FoundationSlab

SubdivisionLAKE WALES HIGHLAND HEIGHTS ADD

CountyPolk

OwnershipFee Simple

Interior Features

InteriorNinguno

LaundryNone

CoolingWall/Window Unit(s)

HeatingNone

Exterior & Lot

ExteriorNone

Lot Size0.53 acres (23,021 sq ft)

Road SurfaceAsphalt

Utilities

WaterSee Remarks

SewerNone

UtilitiesElectricity Connected, Water Connected

Parking

GarageNo

HOA & Community

HOANo

Senior CommunityNo

Financial Details

List Price$397,000

Annual Taxes$2,811 (2025)

ZoningR-3

Parcel #273012921000004080

Directions

From State Road 60 and US 27, head east on State Road 60. Turn right on S 10th Street and Left on Cohassett Avenue. The property is on the left.

Location

1021 COHASSETT AVENUE, LAKE WALES, FL 33853

Listing Information

OfficeKELLER WILLIAMS REALTY SMART 1

ListedJune 22, 2026

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Home Price

$397,000

Down Payment20% ($79,400)

Interest Rate6.75%

Loan Term

Principal & Interest$2,060

Property Tax (est.)$364

Insurance (est.)$150

Total Monthly$2,574

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How to Buy This Home

Multiple financing options available for this $397,000 home in LAKE WALES.

🏛️

FHA Loan

$13,895 Down

Government-backed, low down payment. Credit scores as low as 580.

🎖️

VA Loan

$0 Down

Zero down for eligible veterans, active duty, and military families.

🏦

Conventional

$19,850 Down

Traditional financing. As low as 3-5% down with good credit.

🌾

USDA Loan

$0 Down

Zero down for eligible rural areas. Income limits apply.

Florida Down Payment Assistance Programs

You may qualify for up to $35,000 in assistance to cover your down payment and closing costs.

Florida Hometown Heroes

Up to $35,000

First-time buyers working in FL

FL Assist

Up to $10,000

FHA, VA, or USDA borrowers

FL HLP Second Mortgage

Up to $10,000

First-time buyers, 0% deferred

Polk County SHIP

Varies

Income-qualifying Polk residents

Can You Afford This Home?

Quick check based on the 28% debt-to-income rule. Not a guarantee — just a starting point.

Full Calculator →First-Time Buyer Guide →VA Loan Guide →

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Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. 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. Data last updated: July 8, 2026.