Duplex with In-Unit
For Sale
$455,000
1830 2ND Street NW, Winter Haven, FL 33881
Residential Income, WINTER HAVEN, FL
Property Size1,944 SF
Lot Size0.15 Acres
Price / SF$234.05
Days on Market115
Property Features for 1830 2ND Street NW
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-3
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 6, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 5, Bedroom 1, Bathroom 2
Exterior features
Sliding Doors
Appliances
Dishwasher, Disposal, Dryer, Range, Range Hood, Refrigerator, Washer
Subdivision
LARAMORE SUB
Directions
Driving Directions from I-4 Westbound (Coming from Orlando). This is the most direct route for buyers heading west from the Orlando area. Head West on I-4 toward Tampa. Take Exit 55 for US-27 South toward Haines City / Winter Haven. Keep left at the fork and merge onto US-27 South. Drive straight for approximately 13 miles. Turn Right onto FL-544 West (Lucerne Park Rd). Continue straight for about 5 miles. (Note: FL-544 will curve and become Havendale Blvd NW). Turn Left onto 2nd St NW. Drive a few blocks, and 1830 2nd St NW will be on your Right.
Standard status
Active
APN
26-28-17-548500-001023
Size
1,944 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LARAMORE SUB PB 3 PG 35 BLK A LOT 2 W 60 FT
Tax Annual Amount
5996
Legal Description
LARAMORE SUB PB 3 PG 35 BLK A LOT 2 W 60 FT
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
in-unit laundry
Building Details
Year built
2006
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
John Gomez · License #3374681
(321) 557-5652
Added: May 1
Changed: Aug 20
Last Checked: Aug 23 at 8:06AM
MLS# S5149227
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 1,944-square-foot duplex contains two three-bedroom, one-bathroom residences within a block-and-stucco building completed in 2006. Each unit includes ceramic tile flooring, central heating and central air, a kitchen with wood cabinetry, dishwasher, range, refrigerator, disposal, range hood, and breakfast bar, plus a dedicated laundry closet with washer and dryer. Sliding doors and neutral interior finishes are also provided.
The property occupies 0.15 acres in Winter Haven, Florida, with public water and public sewer service. Additional physical features include a shingle roof and R-3 zoning. Both residences share the same bedroom and bathroom configuration, providing a consistent layout across the duplex.
The property occupies 0.15 acres in Winter Haven, Florida, with public water and public sewer service. Additional physical features include a shingle roof and R-3 zoning. Both residences share the same bedroom and bathroom configuration, providing a consistent layout across the duplex.
Key Highlights
- 1,944‑square‑foot duplex with two residences
- Each unit has 3 bedrooms and 1 bathroom
- Built in 2006 on a 0.15‑acre parcel
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
$20,612
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
4.53%
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%
$412,240
$412.2K
Cap Rate 7%
$294,457
$294.5K
Cap Rate 9%
$229,022
$229.0K
Market Conditions
NOI Build-Up for 1,944 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
$31.5K $16.20/SF
− Vacancy
−$2.0K −$1.05/SF
EGI
$29.4K $15.15/SF
− OpEx
−$8.8K −$4.54/SF
NOI
$20.6K $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%
$412,240
Cap Rate 7%
$294,457
Cap Rate 9%
$229,022
Alternative Uses
Best Use
Multifamily LT 5
$294.5K
$257.7K – $343.5K
NOI $20,612 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$263.0K
$230.2K – $306.9K
NOI $18,413 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$467.2K
$408.8K – $545.0K
NOI $32,701 @ 7.0% cap · market cap 7.19%
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
559
Businesses Nearby
Explore this area
Business Placement
Demographics for 33881, FL
38,369
Population
17,948
Households
2.1
Avg Household Size
44
Median Age
18%
College-Educated
85%
High-School Grad
21.9 sq mi
ZIP Area
1,752
Density / Sq Mi
$53,867
Median Household Income
$33,941
Median Earnings
$1,153
Median Rent
$177,400
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 - Two matching three-bedroom residences offer tile flooring, equipped kitchens, and private laundry closets.
Where is this duplex located?
The property is located at 1830 2ND Street NW Winter Haven, FL.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: 1,944‑square‑foot duplex with two residences; Each unit has 3 bedrooms and 1 bathroom; Built in 2006 on a 0.15‑acre parcel
