Two-Bedroom Duplex
For Sale
$239,900
Pending
1084 MEADOWOOD POINTE Road, Lakeland, FL 33811
Residential, LAKELAND, FL
Property Size1,381 SF
Lot Size0.14 Acres
Days on Market42
Property Features for 1084 MEADOWOOD POINTE Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Dining Room
Parking features
Open, Driveway
Window features
Double Pane Windows, Blinds
Patio and Porch features
Porch
Pets allowed
Yes, Cats OK
Interior features
Living Room/Dining Room Combo
Exterior features
Lighting, Sidewalk
Appliances
Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
Subdivision
MEADOWOOD POINTE
Lot features
Cleared, In County, Landscaped, Paved
Elementary school
Medulla Elem
Middle school
Sleepy Hill Middle
High school
George Jenkins High
Directions
From S. Florida Ave go West on Pipkin Rd, North on S Dossey Rd, right to Meadowood Pointe to 1084 on your right.
Standard status
Pending
APN
23-29-11-139774-000242
Size
1,381 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MEADOWOOD POINTE PB 103 PG 2 LOT 24 E 46.5 FT
Tax Annual Amount
1196
Legal Description
MEADOWOOD POINTE PB 103 PG 2 LOT 24 E 46.5 FT
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
screened lanai
washer/dryer hookups
attic storage
Building Details
Year built
1997
Floors in Building
2
Flooring type
Tile - Ceramic, Laminate, Carpet
Building materials
Block, Stucco
Roof type
Shingle
Architectural style
Contemporary
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Russ Rhoads · License #644951
(863) 604-1570
Added: Jul 31
Changed: Sep 10
Last Checked: Sep 10 at 8:06AM
MLS# L4963641
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 1,381-square-foot duplex residence was built in 1997 and offers two bedrooms, two bathrooms, and an open living and dining arrangement. The kitchen includes updated appliances, updated lighting, a large pantry, and substantial cabinet storage. Both bedrooms feature oversized walk-in closets, while an upstairs loft adds flexible space for an office, media room, playroom, or hobby area. A single-car garage includes washer and dryer hookups, and the attic provides additional storage.
Outdoor features include a screened lanai accessed from both bedrooms, along with hurricane storm windows, custom blinds, a porch, and sidewalk access. The 0.14-acre property has public water and public sewer service, central air, electric central heating, a shingle roof, and block and stucco construction. Located in Lakeland, the property is near Lakeside Village, Publix, CVS, restaurants, recreational areas, shopping, Publix Corporate Offices, GEICO, and Lakeland Linder International Airport, with access to the Polk Parkway and I-4.
Outdoor features include a screened lanai accessed from both bedrooms, along with hurricane storm windows, custom blinds, a porch, and sidewalk access. The 0.14-acre property has public water and public sewer service, central air, electric central heating, a shingle roof, and block and stucco construction. Located in Lakeland, the property is near Lakeside Village, Publix, CVS, restaurants, recreational areas, shopping, Publix Corporate Offices, GEICO, and Lakeland Linder International Airport, with access to the Polk Parkway and I-4.
Key Highlights
- 1,381 square feet on a 0.14‑acre lot
- Two bedrooms and two bathrooms
- Upstairs loft for office, media room, playroom, or hobby use
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
$14,643
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
6.10%
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%
$292,860
$292.9K
Cap Rate 7%
$209,186
$209.2K
Cap Rate 9%
$162,700
$162.7K
Market Conditions
NOI Build-Up for 1,381 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
$22.4K $16.20/SF
− Vacancy
−$1.5K −$1.05/SF
EGI
$20.9K $15.15/SF
− OpEx
−$6.3K −$4.54/SF
NOI
$14.6K $10.60/SF
Area
Lakeland, 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%
$292,860
Cap Rate 7%
$209,186
Cap Rate 9%
$162,700
Alternative Uses
Best Use
Multifamily LT 5
$209.2K
$183.0K – $244.1K
NOI $14,643 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$186.9K
$163.5K – $218.0K
NOI $13,081 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$331.9K
$290.4K – $387.2K
NOI $23,231 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
Explore this area
Business Placement
Demographics for 33811, FL
24,249
Population
10,869
Households
2.2
Avg Household Size
41
Median Age
32%
College-Educated
91%
High-School Grad
26.9 sq mi
ZIP Area
901
Density / Sq Mi
$85,821
Median Household Income
$46,879
Median Earnings
$1,256
Median Rent
$289,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Updated appliances, flexible loft space, screened outdoor area, and attached single-car garage support comfortable everyday living.
Where is this duplex located?
The property is located at 1084 MEADOWOOD POINTE Road Lakeland, FL.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: 1,381 square feet on a 0.14‑acre lot; Two bedrooms and two bathrooms; Upstairs loft for office, media room, playroom, or hobby use
