Two-Unit Duplex with Updated
For Sale
$225,000
108 E BROADWAY Street, Fort Meade, FL 33841
Residential Income, FORT MEADE, FL
Property Size1,088 SF
Lot Size0.28 Acres
Price / SF$206.80
Days on Market139
Property Features for 108 E BROADWAY Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
BP
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
Patio and Porch features
Patio
Pets allowed
Yes
Interior features
Ceiling Fans(s)
Exterior features
Private Entrance, Sidewalk
Appliances
Range, Refrigerator
Subdivision
ZANDERS W F SUB
Lot features
Sidewalk, Paved
Elementary school
Lewis Anna Woodbury Elementary
Middle school
Fort Meade Middle
High school
Fort Meade Junior/Senior High
Directions
Head south on Hwy 17 south, at the Broadway red light turn east, duplex will be on the south side of the roadway.
Standard status
Active
APN
25-31-27-451500-001040
Size
1,088 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ZANDERS W F SUB PB 2 PG 86 BLK 1 LOT 4
Tax Annual Amount
2470
Legal Description
ZANDERS W F SUB PB 2 PG 86 BLK 1 LOT 4
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
window A/C units
Building Details
Year built
1941
Floors in Building
1
Number of units
2
Building materials
Block
Roof type
Shingle
Listing Agency:
CLARK REALTY LLC
(863) 345-2155
Listed By:
Gwen Clark · License #3290673
(863) 559-6413
Added: Apr 15
Changed: Aug 19
Last Checked: Aug 31 at 6:06AM
MLS# L4960701
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 1,088-square-foot duplex contains two separate units, each with one bedroom and one bathroom. Both residences feature updated flooring, neutral interior finishes, kitchens with cabinet storage, living areas with natural light, private bedrooms, and tiled shower/tub combinations. Window and wall A/C units, ceiling fans, patios, and private entrances add practical functionality. The block construction dates to 1941, with a shingle roof, public water, and public sewer.
Located in Fort Meade, the property includes sidewalk access and is positioned near shopping, amenities, and major roadways. Each unit includes a range and refrigerator, while the compact 0.28-acre site supports the duplex configuration and individual living arrangements.
Located in Fort Meade, the property includes sidewalk access and is positioned near shopping, amenities, and major roadways. Each unit includes a range and refrigerator, while the compact 0.28-acre site supports the duplex configuration and individual living arrangements.
Key Highlights
- Two‑unit duplex with one bedroom and one bathroom per unit
- 1,088 square feet on a 0.28‑acre lot
- Updated flooring and neutral interior tones in both units
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
$11,536
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
5.13%
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%
$230,720
$230.7K
Cap Rate 7%
$164,800
$164.8K
Cap Rate 9%
$128,178
$128.2K
Market Conditions
NOI Build-Up for 1,088 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
$17.6K $16.20/SF
− Vacancy
−$1.1K −$1.05/SF
EGI
$16.5K $15.15/SF
− OpEx
−$4.9K −$4.54/SF
NOI
$11.5K $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%
$230,720
Cap Rate 7%
$164,800
Cap Rate 9%
$128,178
Alternative Uses
Best Use
Multifamily LT 5
$164.8K
$144.2K – $192.3K
NOI $11,536 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$147.2K
$128.8K – $171.8K
NOI $10,305 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$261.5K
$228.8K – $305.0K
NOI $18,302 @ 7.0% cap · market cap 8.13%
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
270
Businesses Nearby
Explore this area
Business Placement
Demographics for 33841, FL
7,439
Population
3,776
Households
2
Avg Household Size
40
Median Age
9%
College-Educated
77%
High-School Grad
168.4 sq mi
ZIP Area
44
Density / Sq Mi
$39,608
Median Household Income
$35,374
Median Earnings
$860
Median Rent
$138,700
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 - Income-producing duplex with efficient layouts, private entrances, and separate living spaces in Fort Meade.
Where is this duplex located?
The property is located at 108 E BROADWAY Street Fort Meade, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑unit duplex with one bedroom and one bathroom per unit; 1,088 square feet on a 0.28‑acre lot; Updated flooring and neutral interior tones in both units
