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3818 RED OAK COURT

House For Sale
$489,900

BTC: 7.63207628

ETH: 277.88807333

14 days
4 bds
2 ba
2,160 sqft

Overview

Excellent investment opportunity in the growing Lake Wales market! This fully occupied duplex offers immediate cash flow with both units currently tenant-occupied, making it the perfect addition to an investor's portfolio. Each side of this well-maintained duplex features 2 bedrooms, 1.5 bathrooms, and approximately 1,080 square feet of living space, providing spacious and comfortable accommodations for tenants. With a total of 2,160 square feet, the property offers strong rental appeal and consistent income potential. Skip the hassle and expense of finding tenants—both units are already occupied and generating income from day one. Whether you're a seasoned investor looking to expand your portfolio or a first-time investor seeking a turnkey rental property, this duplex presents a rare opportunity to acquire a stabilized asset in a desirable Central Florida location. Don't miss your chance to own a cash-flowing duplex with built-in income and long-term investment potential.

Location

Florida • LAKE WALES • 33898 • House • For Sale

Details

Type:
Residential
Parking:
No Data
Year Built:
1994
Lot:
0.52 Acres
Heating:
Central
Price/sqft:
$227
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$385,000
$268K – $493K
Confidence Low
List vs. estimate
$104K above estimate
List $489,900 · +27.2%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$226
+25.8% vs. city median $180
Based on
17 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$4,052
2025
Garage
2 car garage
All facts and features

  • Flooring

    • Laminate

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Convection Oven

    • Dishwasher

    • Range Hood

    • Refrigerator

    Other interior features

    • Thermostat

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 4

    • Bathrooms: 2

    • Full bathrooms: 2

  • Property

    • Levels: Two

    • Exterior Features: Lighting / Private Entrance

    Lot

    • Lot: 0.52 Acres

    Other Property Information

    • Parcel Number: 282933937792000980

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Cable Connected

    • Natural Gas Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $4,053

  • Source details

    • MLS ID: O6414909

    Other facts

    • Construction Materials: Concrete

    • Foundation Details: Slab

    • Laundry Features: Electric Dryer Hookup / In Garage / Washer Hookup

    • Direction Faces: Northeast

    • Garage Spaces: 2

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 2160

    • Water Source: Public

    • Lot Size Dimensions: 108 x 200

    • Subdivision Name: COUNTRY OAKS ESTATES

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33898
415
median $142K
Active
Same city
LAKE WALES
680
median $193K
Active
Same type
House
234
median $298K
Active
Similar price
$342K – $636K
87
median $399K
Active

The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: THE REALTY MEDICS