There are multiple listings for this address:
INVESTMENT OPPORTUNITY IN LAKE ALFRED! Located at 980 S Lakeshore Way, this unique multi-unit property offers excellent visibility, convenient access, and significant potential for an investor looking to add value and increase rental income. Situated on a prominent corner with frontage along a well-traveled roadway, the property consists of three separate buildings with four residential units, providing a total of 6 bedrooms and 4 bathrooms.
The unit mix includes a two-story building with separate upstairs and downstairs residences, along with two additional detached residential buildings. Three units are currently occupied, including established long-term tenants, while one unit is vacant and offers an immediate opportunity for renovation and repositioning. Current rental income is approximately $1,370 per month, with owner-provided estimated market rents totaling approximately $3,400 per month, creating substantial potential for increased income as units are improved and rents are brought closer to market rates.
With multiple structures, existing rental history, prominent road frontage, a corner location, and room for property improvements, this property presents an intriguing opportunity for an investor with a vision. Property is being offered in its current condition. Bring your ideas and explore the possibilities this Lake Alfred investment property has to offer.
Whether you’re looking to hold as an income-producing property or explore development possibilities in a growing area, this property offers exceptional visibility and location within Lake Alfred’s main commercial corridor.
The unit mix includes a two-story building with separate upstairs and downstairs residences, along with two additional detached residential buildings. Three units are currently occupied, including established long-term tenants, while one unit is vacant and offers an immediate opportunity for renovation and repositioning. Current rental income is approximately $1,370 per month, with owner-provided estimated market rents totaling approximately $3,400 per month, creating substantial potential for increased income as units are improved and rents are brought closer to market rates.
With multiple structures, existing rental history, prominent road frontage, a corner location, and room for property improvements, this property presents an intriguing opportunity for an investor with a vision. Property is being offered in its current condition. Bring your ideas and explore the possibilities this Lake Alfred investment property has to offer.
Whether you’re looking to hold as an income-producing property or explore development possibilities in a growing area, this property offers exceptional visibility and location within Lake Alfred’s main commercial corridor.
Property Details
Price:
$399,000
MLS #:
L4965144
Status:
Active
Beds:
6
Baths:
4
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
ROCHELLE TERRACE
Neighborhood:
33850lakealfred
Listed Date:
Sep 22, 2026
Finished Sq Ft:
2,506
Total Sq Ft:
2,550
Lot Size:
20,870 sqft / 0.48 acres (approx)
Year Built:
1920
See this Listing
Schools
Elementary School:
Lake Alfred Elem
Middle School:
Stambaugh Middle
High School:
Auburndale High School
Interior
Appliances
Electric Water Heater, Range, Refrigerator
Bathrooms
4 Full Bathrooms
Cooling
Wall/Window Unit(s)
Flooring
Carpet, Other
Heating
Wall Units / Window Unit
Interior Features
Ninguno
Laundry Features
None
Levels
Two
Exterior
Common Walls
Corner Unit
Construction Materials
Wood Frame
Covered Spaces
1
Direction Faces
West
Exterior Features
Sidewalk
Garage Spaces
1
Lot Features
Corner Lot, Sidewalk
Other Structures
Guest House, Storage
Roof
Metal
Financial
Tax Year
2025
Taxes
$1,647
Map
Community
- Address980 S LAKE SHORE WAY LAKE ALFRED FL
- SubdivisionROCHELLE TERRACE
- CityLAKE ALFRED
- CountyPolk
- Zip Code33850
Subdivisions in LAKE ALFRED
- ADAM WILLIAM SUB
- BERNARD ESTATES
- BUENA VISTA DEV
- CAMP MONSON
- CODINGTON LAKE ALFRED
- CODINGTON REP LAKE ALFRED
- COOPER ADD
- ECHO HEIGHTS FIRST ADD
- ECHO HEIGHTS SUB LAKE ALFRED TR 5
- ECHO TERRACE PB 23 PG 16
- ECHO TERRACE REP
- EDEN HILLS
- EDEN HILLS PH 2
- EDEN HILLS PH 2B
- EDEN HILLS PHASE 2
- EDEN HILLS PHASE 2 PB 194 PG 24-41 LOT 308
- FANNING SHORES SUB
- GARRETT SUB
- GUM LAKE
- GUM LAKE 40’S
- GUM LAKE 50’S
- GUM LAKE PRESERVE
- GUM LAKE PRESERVE PHASE 2 PB 210 PGS 07-11 LOT 150
- HAINESPORT
- HIGHLAND SUB
- LAKE ALFRED ESTATES
- LAKE ALFRED PINES
- LAKE ALFRED REP
- LAKE CUMMINGS ESTATES
- LAKE GUM ESTATES
- LAKE GUM ESTATES TR 25
- LAKE MARIANA ACRES
- LAKE MARIANA SHORES
- LAKES TR 02
- LAKES TR 5
- LANCASTER SHORES SUB
- MAGNOLIA RDG
- NEW ARMENIA REV MAP
- RIGGINS H S SUB
- ROCHELLE TERRACE
- ROWSE ADD
- SILVERLAKE PH 1
- SILVERLAKE PHASE 1
- SILVERLAKE PHASE 2
- SLIVER LAKE
- SPRINGS AT LAKE ALFRED
- THE LAKES
- TODHUNTER ESTATES
- TRACT 5 THE LAKES PB 179 PGS 39-40 LOT 7
- TWIN LAKE SUB
- WATER RIDGE
- WATER RIDGE SUB
- WATER RIDGE SUBDIVISION
Market Summary
Current real estate data for Single Family in LAKE ALFRED as of Oct 17, 2026
160
Single Family Listed
146
Avg DOM
192
Avg $ / SqFt
$394,699
Avg List Price
Property Summary
- Located in the ROCHELLE TERRACE subdivision, 980 S LAKE SHORE WAY LAKE ALFRED FL is a Single Family for sale in LAKE ALFRED, FL, 33850. It is listed for $399,000 and features 6 beds, 4 baths, and has approximately 2,506 square feet of living space, and was originally constructed in 1920. The current price per square foot is $159. The average price per square foot for Single Family listings in LAKE ALFRED is $192. The average listing price for Single Family in LAKE ALFRED is $394,699. To schedule a showing of MLS#l4965144 at 980 S LAKE SHORE WAY in LAKE ALFRED, FL, contact your CENTURY 21 Carioti agent at 2392986550.
Similar Listings Nearby
Courtesy of CENTURY 21 MYERS REALTY. 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. 980 S LAKE SHORE WAY
LAKE ALFRED, FL
INVESTMENT OPPORTUNITY IN LAKE ALFRED! Located at 980 S Lakeshore Way, this unique multi-unit property offers excellent visibility, convenient access, and significant potential for an investor looking to add value and increase rental income. Situated on a prominent corner with frontage along a well-traveled roadway, the property consists of three separate buildings with four residential units, providing a total of 6 bedrooms and 4 bathrooms.
The unit mix includes a two-story building with separate upstairs and downstairs residences, along with two additional detached residential buildings. Three units are currently occupied, including established long-term tenants, while one unit is vacant and offers an immediate opportunity for renovation and repositioning. Current rental income is approximately $1,370 per month, with owner-provided estimated market rents totaling approximately $3,400 per month, creating substantial potential for increased income as units are improved and rents are brought closer to market rates.
With multiple structures, existing rental history, prominent road frontage, a corner location, and room for property improvements, this property presents an intriguing opportunity for an investor with a vision. Property is being offered in its current condition. Bring your ideas and explore the possibilities this Lake Alfred investment property has to offer.
Whether you’re looking to hold as an income-producing property or explore development possibilities in a growing area, this property offers exceptional visibility and location within Lake Alfred’s main commercial corridor.
The unit mix includes a two-story building with separate upstairs and downstairs residences, along with two additional detached residential buildings. Three units are currently occupied, including established long-term tenants, while one unit is vacant and offers an immediate opportunity for renovation and repositioning. Current rental income is approximately $1,370 per month, with owner-provided estimated market rents totaling approximately $3,400 per month, creating substantial potential for increased income as units are improved and rents are brought closer to market rates.
With multiple structures, existing rental history, prominent road frontage, a corner location, and room for property improvements, this property presents an intriguing opportunity for an investor with a vision. Property is being offered in its current condition. Bring your ideas and explore the possibilities this Lake Alfred investment property has to offer.
Whether you’re looking to hold as an income-producing property or explore development possibilities in a growing area, this property offers exceptional visibility and location within Lake Alfred’s main commercial corridor.
Property Details
Price:
$399,000
MLS #:
S5145068
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Single Family Residence
Subdivision:
ROCHELLE TERRACE
Neighborhood:
33850lakealfred
Listed Date:
Mar 25, 2026
Finished Sq Ft:
2,506
Total Sq Ft:
2,550
Lot Size:
20,870 sqft / 0.48 acres (approx)
Year Built:
1920
See this Listing
Schools
Elementary School:
Lake Alfred Elem
Middle School:
Stambaugh Middle
High School:
Auburndale High School
Interior
Appliances
Electric Water Heater, Range, Refrigerator
Bathrooms
4 Full Bathrooms
Cooling
Wall/Window Unit(s)
Flooring
Carpet, Other
Heating
Wall Units / Window Unit
Interior Features
Ninguno
Laundry Features
None
Levels
Two
Exterior
Common Walls
Corner Unit
Construction Materials
Wood Frame
Covered Spaces
1
Direction Faces
West
Exterior Features
Sidewalk
Garage Spaces
1
Lot Features
Corner Lot, Sidewalk
Other Structures
Guest House, Storage
Roof
Metal
Financial
Tax Year
2025
Taxes
$1,647
Map
Community
- Address980 S LAKE SHORE WAY LAKE ALFRED FL
- SubdivisionROCHELLE TERRACE
- CityLAKE ALFRED
- CountyPolk
- Zip Code33850
Subdivisions in LAKE ALFRED
- ADAM WILLIAM SUB
- BERNARD ESTATES
- BUENA VISTA DEV
- CAMP MONSON
- CODINGTON LAKE ALFRED
- CODINGTON REP LAKE ALFRED
- COOPER ADD
- ECHO HEIGHTS FIRST ADD
- ECHO HEIGHTS SUB LAKE ALFRED TR 5
- ECHO TERRACE PB 23 PG 16
- ECHO TERRACE REP
- EDEN HILLS
- EDEN HILLS PH 2
- EDEN HILLS PH 2B
- EDEN HILLS PHASE 2
- EDEN HILLS PHASE 2 PB 194 PG 24-41 LOT 308
- FANNING SHORES SUB
- GARRETT SUB
- GUM LAKE
- GUM LAKE 40’S
- GUM LAKE 50’S
- GUM LAKE PRESERVE
- GUM LAKE PRESERVE PHASE 2 PB 210 PGS 07-11 LOT 150
- HAINESPORT
- HIGHLAND SUB
- LAKE ALFRED ESTATES
- LAKE ALFRED PINES
- LAKE ALFRED REP
- LAKE CUMMINGS ESTATES
- LAKE GUM ESTATES
- LAKE GUM ESTATES TR 25
- LAKE MARIANA ACRES
- LAKE MARIANA SHORES
- LAKES TR 02
- LAKES TR 5
- LANCASTER SHORES SUB
- MAGNOLIA RDG
- NEW ARMENIA REV MAP
- RIGGINS H S SUB
- ROCHELLE TERRACE
- ROWSE ADD
- SILVERLAKE PH 1
- SILVERLAKE PHASE 1
- SILVERLAKE PHASE 2
- SLIVER LAKE
- SPRINGS AT LAKE ALFRED
- THE LAKES
- TODHUNTER ESTATES
- TRACT 5 THE LAKES PB 179 PGS 39-40 LOT 7
- TWIN LAKE SUB
- WATER RIDGE
- WATER RIDGE SUB
- WATER RIDGE SUBDIVISION
Market Summary
Current real estate data for Commercial in LAKE ALFRED as of Oct 17, 2026
160
Commercial Listed
146
Avg DOM
192
Avg $ / SqFt
$394,699
Avg List Price
Property Summary
- Located in the ROCHELLE TERRACE subdivision, 980 S LAKE SHORE WAY LAKE ALFRED FL is a Commercial for sale in LAKE ALFRED, FL, 33850. It is listed for $399,000 To schedule a showing of MLS#s5145068 at 980 S LAKE SHORE WAY in LAKE ALFRED, FL, contact your CENTURY 21 Carioti agent at 2392986550.
