Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    New Duplex with Fenced Yards Title is generated by Realmo AI

    1997 MARSHALL STREET, Bartow, FL 33830

    View on Map
    Claim this Listing
    For Sale
    $498,000

    Duplex - BARTOW, FL

    Type:Duplex
    Property size:
    2,469 SF
    Lot size:
    0.35 Acres
    Price / SF:
    $201/SF
    Added:
    Aug 1, 2025
    Days on Market:
    297
    Last Refresh:
    May 24 at 2:06 am

    Property Features for 1997 MARSHALL STREET

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Zoning
    R-2
    Bedrooms
    6
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking features
    Driveway
    Interior features
    Open Floorplan
    Exterior features
    Fence, Lighting, Private Mailbox
    Fencing
    Fenced
    Appliances
    Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
    Standard status
    Active
    APN
    25-30-09-424000-007030
    Size
    2,469 SF
    Lot size
    0.35 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    6067

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2022
    Number of units
    2
    Flooring type
    Tile, Tile - Ceramic
    Building materials
    Block, Stucco
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Nicole Annicelli
    Nicole Annicelli

    Listing agent Nicole Annicelli License #3393844

    Listing office IMPACT REALTY TAMPA BAY 3309 W Bay to Bay Blvd, Tampa, FL

    Listing date Aug 1, 2025

    MLS# TB8413355 Listing URL

    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.

    HighLights

    • 2022‑built duplex, offering modern construction
    • Two separate units, each with 3 bedrooms and 2 bathrooms
    • Each unit features its own private, fenced‑in yard
    • Separate meters for each unit
    • Open floorplan and stainless steel appliances create a desirable living space
    • Long driveways and separate entryways for each unit

    Overview

    This is a 2022-built duplex offering future rental income and potential eligibility for a special homebuyer incentive. The property features a large lot with a private backyard. The interior is open and filled with natural light, complemented by stainless steel appliances. Each unit includes 3 bedrooms and 2 bathrooms, along with its own private fenced-in yard, separate meters, long driveways, and separate entryways. One unit features tiled floors, while the other has luxury vinyl flooring. The property is located in BARTOW, FL 33830, Polk County, on a 0.35-acre lot. The property size is 2469 square feet. The zoning is R-2.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $290.9K
    NOI $26,179 @ 9.00% cap · cautious / downside scenario
    Moderate
    $374.0K
    NOI $26,179 @ 7.00% cap · market / base-case scenario
    Aggressive
    $523.6K
    NOI $26,179 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $40.0k $16.20
    − Vacancy −$2.6k −$1.05
    EGI $37.4k $15.15
    − OpEx −$11.2k −$4.54
    NOI $26.2k $10.60
    2,469 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $374.0K
    $327.2K – $436.3K (±1% cap)
    NOI $26,179 @ 7.0% cap · market cap 5.26%
    Second Best
    Apartment 5plus
    $334.1K
    $292.3K – $389.8K (±1% cap)
    NOI $23,386 @ 7.0% cap · market cap 4.70%
    Theoretical Best
    Office A
    $593.3K
    $519.2K – $692.2K (±1% cap)
    NOI $41,533 @ 7.0% cap · market cap 8.34%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bartow
    County
    Polk
    State
    Florida
    Longitude
    -81.824405
    Latitude
    27.888008

    Nearby Similar for Sale

    • $499,000
      1,325 SF

      Bartow Commercial Investment Opportunity

      Commercial property in Bartow, currently leased with income potential.
      1095 US HIGHWAY 17 S, BARTOW, FL 33830
      View Details
    • $650,000
      2,997 SF

      Historic Office Building in Bartow

      Historic office building with original features and ample parking.
      150 E DAVIDSON STREET, BARTOW, FL 33830
      View Details
    • $535,000
      2,666 SF

      New Duplex in Bartow, FL

      Modern duplex built in 2023 with income potential.
      2025 DUNBAR ST, BARTOW, FL 33830
      View Details
    • $1,850,000
      9,994 SF

      Income-Producing Multifamily Investment Opportunity

      Turnkey, 10-unit complex in Bartow, Florida, 100% occupied.
      210 S ORANGE AVENUE, BARTOW, FL 33830
      View Details
    • $599,995
      5,944 SF

      Remodeled Religious Facility with Residence

      4000 SF religious facility with 3/2 manufactured home.
      8152 CHEROKEE AVENUE, BARTOW, FL 33830
      View Details
    • $519,900
      2,150 SF

      New Bartow Duplex Investment Opportunity

      Modern duplex in Bartow, Florida, ideal for rental income.
      603 MOOSE LODGE ROAD, BARTOW, FL 33830
      View Details
    • $640,000
      4,996 SF

      Versatile Commercial Property in Bartow

      2.64 acre commercial property with two buildings in Bartow.
      5600 PACKING HOUSE ROAD, BARTOW, FL 33830
      View Details
    • $650,000
      2,997 SF

      Historic Bartow Office Building

      Historic office building in a desirable Bartow location.
      150 E DAVIDSON St, Bartow, FL 33830
      View Details
    • $410,000
      2,450 SF

      Bartow Duplex Investment Opportunity

      Duplex in Bartow, FL with 3 beds and 2 baths.
      1040 AUSTIN STREET, BARTOW, FL 33830
      View Details
    • $1,800,000
      1,248 SF

      Multi-Family Investment Opportunity in Bartow

      Portfolio of properties in growing Polk County market, near amenities.
      4385 DIETZ ROAD, BARTOW, FL 33830
      View Details
    • $525,000

      Bartow Commercial Investment Opportunity

      Commercial property in Bartow, currently leased to auto business.
      1095 US HIGHWAY 17 S, Bartow, FL 33830
      View Details
    • $234,900
      1,152 SF

      Remodeled Triplex with Income Potential

      Updated triplex with income potential near downtown Bartow, Florida.
      1550 E BAY STREET, BARTOW, FL 33830
      View Details

    FAQs

    What type of property is this?
    Duplex - 2022-built duplex featuring private fenced yards and separate meters.
    Where is this duplex located?
    The property is located at 1997 MARSHALL STREET Bartow, FL.
    What is the asking price?
    The asking price for this property is $498,000.
    What are key features of this property?
    This property features: 2022‑built duplex, offering modern construction; Two separate units, each with 3 bedrooms and 2 bathrooms; Each unit features its own private, fenced‑in yard
    (813) 833-2933
    We can help!
    Listing Contact
    Nicole Annicelli
    Nicole Annicelli
    Real Estate License ID: 3393844
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1997 MARSHALL STREET, BARTOW, FL 33830
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!