Remodeled Income Duplex in
1134-1136 GILMORE Avenue Lakeland, FL 33805
1134-1136 GILMORE Avenue, Lakeland, FL, 33805
$540,000
For Sale
$540,000
MULTI_FAMILY - LAKELAND, FL
Property Size2,275 SF
Lot Size0.16 Acres
Price / SF$237.36
Days on Market59
Property Features for 1134-1136 GILMORE Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- RB-1
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 6, Bedroom 3, Bedroom 1, Bedroom 5
- Interior features
- Open Floorplan, Primary Bedroom Main Floor, Stone Counters
- Exterior features
- Sidewalk
- Appliances
- Dishwasher, Microwave, Range
- Standard status
- Active
- APN
- 24-28-07-171000-011040
- Size
- 2,275 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- BON AIR ADD PB 1 PGS 114 & 115 BLK C LOT 4
- Tax Annual Amount
- 7364
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1988
- Building materials
- Block
- Roof type
- Shingle
Listing agency
IMPACT REALTY TAMPA BAY
(813) 321-1200
Listed by
Alex Caballero · License #3395367
(813) 495-4487
Added: May 26 Updated: Jul 20 at 8:55PM Checked: Jul 23 at 5:06AM
MLS# TB8512308
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 fully remodeled duplex at 1134–1136 Gilmore Avenue was built in 1988 and is designed for income-producing residential living. The property offers two separate units, each featuring 3 bedrooms and 2 bathrooms. Updates include refreshed interiors with updated kitchens, refreshed bathrooms, new interior paint, and upgraded flooring, along with bright, open-concept living spaces.
Each unit includes in-unit laundry and central heating and air conditioning, supporting day-to-day comfort and practical tenant functionality. The duplex sits on a lot of approximately 0.16 acres in an established neighborhood, with access to shopping, dining, parks, schools, medical facilities, and major transportation corridors. Nearby access to I-4 supports commuting between Tampa and Orlando.
Zoned RB-1, the property provides a straightforward two-unit configuration that can suit both investors and owner-occupants seeking rental income from an updated duplex.
Each unit includes in-unit laundry and central heating and air conditioning, supporting day-to-day comfort and practical tenant functionality. The duplex sits on a lot of approximately 0.16 acres in an established neighborhood, with access to shopping, dining, parks, schools, medical facilities, and major transportation corridors. Nearby access to I-4 supports commuting between Tampa and Orlando.
Zoned RB-1, the property provides a straightforward two-unit configuration that can suit both investors and owner-occupants seeking rental income from an updated duplex.
Key Highlights
- Duplex built in 1988 with approximately 2,275 total SF (1134–1136 Gilmore Ave)
- 2 units, each with 3 bedrooms and 2 bathrooms
- Renovations throughout, including updated kitchens, refreshed bathrooms, and fresh interior paint
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.9k | $16.20 |
| − Vacancy | −$2.4k | −$1.05 |
| EGI | $34.5k | $15.15 |
| − OpEx | −$10.3k | −$4.54 |
| NOI | $24.1k | $10.60 |
2,275 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$344.6K
$301.5K – $402.0K
NOI $24,122 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$307.8K
$269.4K – $359.2K
NOI $21,549 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$546.7K
$478.4K – $637.8K
NOI $38,269 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Fully remodeled duplex with two 3-bedroom, 2-bath units and in-unit laundry, built in 1988.
Where is this duplex located?
The property is located at 1134-1136 GILMORE Avenue Lakeland, FL.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Duplex built in 1988 with approximately 2,275 total SF (1134–1136 Gilmore Ave); 2 units, each with 3 bedrooms and 2 bathrooms; Renovations throughout, including updated kitchens, refreshed bathrooms, and fresh interior paint
