315 Ridge Manor Dr

Lake Wales, FL 33853

$799,000
Price
6
Beds
12
Baths
5,030 Sq. Ft.
$159 / Sq. Ft.
5,030
Sq. Ft.
$159
per Sq. Ft.
Get preapproved with Rocket Mortgage1
New
New

Description

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...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!
  1. Listed by Dolores Vogel • Brokerage DRE #621090 • LEGACY REAL ESTATE CENTER INC
    P: (863)-632-5573 C: (863)-632-5573 dolores@legacyrealestatecenter.com

Property Details for 315 Ridge Manor Drive

Subdivision Name
RIDGE MANOR
Township
30
Waterfront
No
Furnished
Unfurnished
LISTING UPDATED: 03/20/2026 01:54 PM

Property Details for 315 Ridge Manor Drive

StatusActive
MLS #K4903360
Days on MarketListed Today
Taxes$9,928 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1926
Lot Size0.79 AC / 34,360 SF
CountyPolk County
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Location

Listing Courtesy of LEGACY REAL ESTATE CENTER INC, Dolores Vogel
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Building Information for 315 Ridge Manor Drive

Stories-Residences11Year Built1926Building Size-Lot Size0.79 AC / 34,360 SF

Payment Calculator

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$4,705 per month

30 year fixed, 6.11% Interest

Principal and Interest

$3,878

Property Taxes

$827

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 315 Ridge Manor Drive

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 5205.0
  • Building Area Units: Square Feet
  • 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.
  • Mls Major Change Type: New Listing
  • Major Change Type: New Listing
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 315
  • Street Name: RIDGE MANOR
  • Street Suffix: DRIVE
  • State: FL
  • City: LAKE WALES
Parking
  • Carport: No
  • Garage: No
Taxes and HOA Information
  • Association Approval Required: No
  • Association: No
  • CDD: No
  • Tax Block: 11
  • Tax Book Number: 19-16
  • 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
  • Tax Lot: 7
  • Tax Year: 2025
Property
Lot Information
  • Additional Parcels: No
  • Parcel Number: 273011916000011040
  • Total Acreage: 1/2 to less than 1
  • Total Num Buildings: 2
  • Water Access: No
  • Water Extras: No
  • Zoning: R-2
  • Living Area: 5030
Property and Assessments
  • Year Built Numeric: 1926
  • Flood Zone Code: X
  • Flood Zone Date: 12-22-2016
  • Flood Zone Panel: 12105C0565H
  • Homestead: No
  • New Construction: No
  • Public Survey Range: 27
  • Public Survey Section: 11
Utilities
  • Sewer: Septic Tank
  • Utilities: Electricity Connected, Propane, Public
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Stucco, Wood Frame (FSC Certified)
  • Exterior Features: Storage
  • Foundation Details: Crawlspace
  • Levels: One
  • Patio And Porch Features: Patio, Porch, Screened
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Other, Shingle
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 6
  • Cooling: Wall/Window Unit(s)
  • Fireplace Features: Living Room
  • Fireplace: Yes
  • Heating: Electric, Space Heater
  • Interior Features: Window Treatments
  • Laundry Features: Common Area, Laundry Room, Outside
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Expenses: $58,683
  • Annual Net Income: $42,841.00
  • Est Annual Market Income: $111,480.00
  • Gross Income: $101,524
  • Total Monthly Expenses: $4,890
  • Unit Count: 3
Rental
Rental Information
  • Total Actual Rent: $9,290
  • Minimum Lease Period: 0

Property History for 315 Ridge Manor Drive

DateEvent & SourcePriceAppreciation
Mar 20, 2026

Listed (Active)

MFRMLS #K4903360

$799,000—
Apr 30, 2019

Sold (Public Record)

Public Record #643891245

$515,000

+8.1% / yr

Apr 19, 2018

Withdrawn

MFRMLS #P4719212

$649,000—
Feb 20, 2018

Listed (Active)

MFRMLS #P4719212

$649,000—
Jun 30, 2009

Expired

MFRMLS #P4602867

$399,000—
Dec 31, 2008

Expired

MFRMLS #P4604507

$379,000—
Oct 30, 2008

Listed (Active)

MFRMLS #P4604507

$379,000—
Jun 30, 2008

Listed (Active)

MFRMLS #P4602867

$379,000—
Mar 5, 1997

Sold (Public Record)

Public Record #13242355

$92,000—
Mar 5, 1997

Sold (Public Record)

Public Record #13242356

$48,000—
DateEvent & SourcePrice
03/20/2026

Listed (Active)

MFRMLS #K4903360

$799,000
04/30/2019

Sold (Public Record)

Public Record #643891245

$515,000

+8.1% / yr

04/19/2018

Withdrawn

MFRMLS #P4719212

$649,000
02/20/2018

Listed (Active)

MFRMLS #P4719212

$649,000
06/30/2009

Expired

MFRMLS #P4602867

$399,000
12/31/2008

Expired

MFRMLS #P4604507

$379,000
10/30/2008

Listed (Active)

MFRMLS #P4604507

$379,000
06/30/2008

Listed (Active)

MFRMLS #P4602867

$379,000
03/05/1997

Sold (Public Record)

Public Record #13242355

$92,000
03/05/1997

Sold (Public Record)

Public Record #13242356

$48,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 315 Ridge Manor Drive

Taxable ValueLand-Additions-Total-
Tax Record2025$4,362 ($364 / month)
Home Facts
Total Finished SqFt4,040 SqFtAbove Grade Finished SqFt4,040 SqFtStories1Lot Size34,360 SqFtStyleMulti-Family Dwelling (2-4)Year Built1926Year Renovated1971ZoningR-2CountyPOLKAPN273011916000011040

Schools near 315 Ridge Manor Drive

This home is within Polk.
Rating
School
Type
Grades
Distance
Ben Hill Griffin Jr Elementary School
Public - PK to 5
Bartow Elementary Academy
Public - K to 5
Union Academy
Public - 6 to 8
Mclaughlin Middle School And Fine Arts Academy
Public - 6 to 11
Rating
School
Distance
Ben Hill Griffin Jr Elementary School
PublicPK to 5

Bartow Elementary Academy
PublicK to 5

Union Academy
Public6 to 8

Mclaughlin Middle School And Fine Arts Academy
Public6 to 11

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 315 Ridge Manor Drive, Lake Wales, FL 33853

315 Ridge Manor Drive is a multi-family home for sale in Lake Wales, FL 33853. This property was listed for sale on March 20, 2026 by LEGACY REAL ESTATE CENTER INC, it's currently listed at $799,000. It has been on the market for a total of 0 days and was last sold on April 30, 2019. This listing's school district is Polk. Nearby schools include Ben Hill Griffin Jr Elementary School, Bartow Elementary Academy and Union Academy. 315 Ridge Manor Drive is a 6-bed, 12-bath, 5,030 sqft multi-family home built in 1926.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LEGACY REAL ESTATE CENTER INC, Dolores Vogel

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 03/20/2026 01:54 PM