Investor Description (Short & Straight to the Point)
Income-producing property with endless upside! This unique investment features 3 grandfathered rental units generating approximately $5,700/month in rental income. Situated on one of Polk County’s highest-traffic corridors, the property offers exceptional visibility, commercial-area potential, and possible billboard income (buyer to verify approvals). Buy below the cost of comparable commercial opportunities and capitalize on multiple future value-add possibilities.
Income-producing property with endless upside! This unique investment features 3 grandfathered rental units generating approximately $5,700/month in rental income. Situated on one of Polk County’s highest-traffic corridors, the property offers exceptional visibility, commercial-area potential, and possible billboard income (buyer to verify approvals). Buy below the cost of comparable commercial opportunities and capitalize on multiple future value-add possibilities.
Property Details
Price:
$389,900
MLS #:
S5154520
Status:
Active
Beds:
6
Baths:
3
Type:
Multi Family
Subtype:
Triplex
Subdivision:
ROCHELLE TERRACE
Neighborhood:
33850lakealfred
Listed Date:
Jul 27, 2026
Finished Sq Ft:
1,609
Lot Size:
14,558 sqft / 0.33 acres (approx)
Year Built:
1945
See this Listing
Schools
Interior
Cooling
Central Air
Heating
Central
Interior Features
Ceiling Fan(s), Open Floorplan
Laundry Features
Laundry Room
Exterior
Construction Materials
Stucco
Exterior Features
Garden, Private Mailbox, Private Yard, Storage
Roof
Shingle
Financial
Tax Year
2025
Taxes
$4,043
Map
Community
- Address875 S LAKE SHORE WAY LAKE ALFRED FL
- SubdivisionROCHELLE TERRACE
- CityLAKE ALFRED
- CountyPolk
- Zip Code33850
Subdivisions in LAKE ALFRED
- ADAM WILLIAM SUB
- BUENA VISTA DEV
- CHAR-MIL
- CHAR-MIL SUB
- CODDINGTON
- CODINGTON LAKE ALFRED
- CODINGTON REP LAKE ALFRED
- COOPER ADD
- ECHO HEIGHTS FIRST ADD
- ECHO HEIGHTS SUB LAKE ALFRED TR 5
- ECHO TERRACE REP
- EDEN HILLS
- EDEN HILLS PH 2
- FANNING SHORES SUB
- GROVE LAKE ESTATES
- GUM LAKE 40’S
- GUM LAKE PRESERVE
- GUM LAKE PRESERVE PHASE 2
- HAINESPORT
- HIGHLAND SUB
- ILAKEE OAKS
- LAKE ALFRED ESTATES
- LAKE CUMMINGS ESTATE
- LAKE CUMMINGS ESTATES
- LAKE GUM ESTATES
- LAKE MARIANA ACRES
- LAKES TR 04
- LAKES TR 5
- LAKES TR 6
- LANCASTER SHORES SUB
- LUMBEE OAKS
- MAGNOLIA RDG
- MAGNOLIA RIDGE
- MAGNOLIA RIDGE / MAGNOLIA RDG
- NEW ARMENIA REV MAP
- RIGGINS H S SUB
- ROCHELLE TERRACE REP
- ROWSE ADD
- SERDJENIAN A K SUB
- SILVERLAKE PH 1
- SILVERLAKE PHASE 2
- SPRINGS AT LAKE ALFRED
- THE LAKES
- TODHUNTER ESTATES
- TWIN LAKE SUB
- WATER RIDGE
- WATER RIDGE SUB
- WATER RIDGE SUBDIVISION
- WATERS EDGE AT THE LAKE PB 168 PGS 1-2
- WATERS EDGE/THE LAKES
Market Summary
Current real estate data for Multi Family in LAKE ALFRED as of Jul 30, 2026
2
Multi Family Listed
6
Avg DOM
191
Avg $ / SqFt
$334,950
Avg List Price
Property Summary
- Located in the ROCHELLE TERRACE subdivision, 875 S LAKE SHORE WAY LAKE ALFRED FL is a Multi Family for sale in LAKE ALFRED, FL, 33850. It is listed for $389,900 To schedule a showing of MLS#s5154520 at 875 S LAKE SHORE WAY in LAKE ALFRED, FL, contact your CENTURY 21 Carioti agent at 2392986550.
Similar Listings Nearby
Courtesy of LA ROSA REALTY LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Orlando/Tampa – FL. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Orlando/Tampa – FL. All rights reserved. 875 S LAKE SHORE WAY
LAKE ALFRED, FL