3-Bedroom
For Sale
$390,000
1040 AUSTIN Street, Bartow, FL 33830
Residential Income, BARTOW, FL
Property Size2,450 SF
Lot Size0.12 Acres
Price / SF$159.18
Days on Market236
Property Features for 1040 AUSTIN Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 6, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 5, Bathroom 3
Interior features
Ceiling Fans(s), Primary Bedroom Main Floor
Appliances
Range, Refrigerator
Subdivision
LYBASS ADD
Elementary school
Spessard L. Holland Elementary
Middle school
Bartow Middle
High school
Bartow High
Directions
Traveling south on US 98, turn right onto SR 60, follow to Baker Avenue and turn right. Follow to Austin St. and turn left. Property will be on your right.
Standard status
Active
APN
25-30-06-387500-001040
Size
2,450 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LYBASS ADD PB 1 PG 32A BLK 1 LOT 4
Tax Annual Amount
3712
Legal Description
LYBASS ADD PB 1 PG 32A BLK 1 LOT 4
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
inside laundry
Building Details
Year built
2007
Number of units
2
Building materials
Block
Roof type
Shingle
Listing Agency:
KELLER WILLIAMS REALTY SMART
(863) 577-1234
Listed By:
Casandra Vann · License #3078575
(863) 546-5446
Added: Feb 17
Changed: Oct 11
Last Checked: Oct 11 at 9:06PM
MLS# L4959484
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2007, this 2,450-square-foot duplex contains two residential units, with each offering 3 bedrooms and 2 bathrooms. Tile flooring extends throughout both units, and each includes interior laundry, ceiling fans, and a primary bedroom on the main floor. Block construction, shingle roofing, central heating, central air, a range, and a refrigerator complete the improvements.
The property occupies 0.12 acres in Bartow, Florida, with access to shopping, dining, and major roadways. It is served by public water and public sewer, with cable available. The R-2 zoning designation and separate unit configuration support residential income use, while the layout also accommodates an owner-occupant arrangement with one unit available for rental.
The property occupies 0.12 acres in Bartow, Florida, with access to shopping, dining, and major roadways. It is served by public water and public sewer, with cable available. The R-2 zoning designation and separate unit configuration support residential income use, while the layout also accommodates an owner-occupant arrangement with one unit available for rental.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 2 bathrooms in each unit
- 2,450 square feet on a 0.12‑acre lot
- Built in 2007 with block construction and shingle roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,977
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,540
$519.5K
Cap Rate 7%
$371,100
$371.1K
Cap Rate 9%
$288,633
$288.6K
Market Conditions
NOI Build-Up for 2,450 SF
Gross rent
$39.7K $16.20/SF
− Vacancy
−$2.6K −$1.05/SF
EGI
$37.1K $15.15/SF
− OpEx
−$11.1K −$4.54/SF
NOI
$26.0K $10.60/SF
Area
Polk County, FL
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,540
Cap Rate 7%
$371,100
Cap Rate 9%
$288,633
Alternative Uses
Best Use
Multifamily LT 5
$371.1K
$324.7K – $433.0K
NOI $25,977 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$331.5K
$290.1K – $386.8K
NOI $23,206 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$588.8K
$515.2K – $686.9K
NOI $41,213 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
Explore this area
Business Placement
Demographics for 33830, FL
29,926
Population
11,989
Households
2.5
Avg Household Size
38
Median Age
18%
College-Educated
85%
High-School Grad
120.5 sq mi
ZIP Area
248
Density / Sq Mi
$62,636
Median Household Income
$37,078
Median Earnings
$1,017
Median Rent
$207,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences include tile flooring, interior laundry, and central heating and cooling.
Where is this duplex located?
The property is located at 1040 AUSTIN Street Bartow, FL.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 2 bathrooms in each unit; 2,450 square feet on a 0.12‑acre lot; Built in 2007 with block construction and shingle roof
