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Overview

4 bd2 ba1,782 sqftHalf Duplex
TypeHalf Duplex
HOANone listed
Built1983
Lot11,173 sqft
Living area1,782 sqft
Price / sqft$154

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About this home

Ceiling Fans(s)Living Room/Dining Room ComboOpen FloorplanSplit BedroomLightingPrivate EntrancePrivate MailboxRain Gutters

646 Beverly Dr is a 1983-built home in Ridge Manor, Lake Wales. Inside you'll find 4 bedrooms, 2 bathrooms, and 1,782 square feet of living space. Listed at $275,000 (about $154/sqft), 31 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

Virtually Staged. INVESTMENT OPPORTUNITY in Lake Wales! This well-constructed brick duplex presents an excellent opportunity to acquire an income-producing property with additional value-add potential. The property consists of two spacious 2-bedroom, 1-bath units, each offering an oversized driveway for ample off-street parking and access to a fenced-in backyard. The durable brick construction and solid foundation provide a strong starting point for continued ownership and improvement. Several significant updates have already been completed. Unit 648 features an AC system, water heater, and luxury vinyl plank flooring installed approximately two years ago. The property was also updated with new plumbing approximately two and a half years ago, and the septic tank and drain field were replaced approximately four and a half years ago. One unit is currently rented, while the second unit is vacant and provides an opportunity for an investor to renovate, lease, and increase overall income potential. With approximately $30,000 in potential annual rental income when fully occupied, this property offers the opportunity to combine existing rental income with future upside through strategic improvements. Located in Lake Wales, the property provides convenient access to local shopping, dining, schools, parks, and major roadways, making it a practical location for both residents and rental tenants. A solid opportunity for an investor seeking a two-unit property with established improvements and room to add value.

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The essentials

Built
1983
Price / sqft
$154
On market
31 days
Annual tax
$3,415
Flood zone
X · Low risk
Lot
11,173 sqft
Type
Half Duplex

At a glance

Multi-family
Built 1983
0.26 acres
Lot size
1,782 sqft
Living area

Payment

Est. monthly payment
$1,856/mo
Down payment (20%)
$55,000
Property taxes
$285/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Half Duplex
Year Built
1983
Lot
11,173 sqft
Cooling
Central Air
Heating
Central
Parking
Driveway
Days on Market
31
Ceiling Fans(s)
Living Room/Dining Room Combo
Open Floorplan
Split Bedroom
Lighting
Private Entrance
Private Mailbox
Rain Gutters
Sidewalk
Range
Refrigerator
Flood Zone X
Annual Tax (2026)
$3,415
Parcel #
27-30-11-915500-003110

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Ridge Manor
County
Polk
MLS Area
33853 - Lake Wales South
Lot Size
11,173 sqft

Price history

Date
Event
Price
9/12/2026
Listed for sale
Source: Stellar MLS #L4965085
$275,000
$154/sqft

Neighborhood

646 Beverly Dr
Lake Wales, FL, 33853 · 33853 - Lake Wales South

Market insights

Offer Insights

Choose an offer strength

List price: $275,000
$272,500 – $275,000
99.5% – 100% of listTops out right at the list price
80% of listList price
59 of the last 93 home closings in 33853 landed at this number or higher (63%). The median one sat 58 days before it went under contract, and this one is on day 31.

Sample: 93 closed home sales in 33853 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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Calculator

Est. monthly payment
$1,856/mo
Principal & interest$1,434
Property taxes$285
Insurance$138
Down payment20% · $55,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$275,000

$154 per sq ft

Beds and baths

4 beds, 2 baths

Size

1,782 sq ft

Time on market

31 days

Year built

1983

Monthly payment

About $1,856/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $3,415 annual tax bill, insurance.

Flood zone

Zone X

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Offer

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Brokered byKELLER WILLIAMS REALTY SMART 1Listing agent: David SmallListing data from Stellar MLS, MLS# L4965085.

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