Duplex With Two Three-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 Market191
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
Bedroom 4, Bedroom 5, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 6, Bedroom 3, Bathroom 4
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
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: Aug 26
Last Checked: Aug 27 at 6:06PM
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.
This 2007 duplex contains two residential units, with each side offering three bedrooms and two bathrooms. The 2,450-square-foot property features tile flooring throughout, interior laundry areas, ceiling fans, main-floor primary bedrooms, and block construction. Each unit includes a range and refrigerator, while central heating and central air serve the building.
The property occupies 0.12 acres in Bartow, Florida, with R-2 zoning. Public water and public sewer are available, along with cable service. The location provides access to shopping, dining, and major roadways. An additional duplex at 1060 W Austin is also offered for sale separately.
The property occupies 0.12 acres in Bartow, Florida, with R-2 zoning. Public water and public sewer are available, along with cable service. The location provides access to shopping, dining, and major roadways. An additional duplex at 1060 W Austin is also offered for sale separately.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- 2,450 square feet on a 0.12‑acre lot
- Built in 2007 with block construction
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,977
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Property Profile
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Block-built duplex with tile flooring, interior laundry, central systems, and public water and sewer.
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 units, each with 3 bedrooms and 2 bathrooms; 2,450 square feet on a 0.12‑acre lot; Built in 2007 with block construction
