Income-Producing Quadplex Near
201 ARIANA STREET Lakeland, FL 33803
201 ARIANA STREET, Lakeland, FL, 33803
$599,900
Pending
For Sale
$599,900
Pending
Quadruplex - LAKELAND, FL
Property Size2,624 SF
Lot Size0.14 Acres
Days on Market103
Property Features for 201 ARIANA STREET
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- RA-4
- Bedrooms
- 4
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
- Interior features
- Ceiling Fans(s)
- Exterior features
- Balcony, French Doors, Sidewalk
- Standard status
- Pending
- APN
- 23-28-24-117500-045180
- Size
- 2,624 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4103.61
Utilities
- Heating system
- Ductless (Heating)
- Cooling system
- Multi Units, Wall/Window Unit(s), Window Unit(s)
Building Details
- Year built
- 1925
- Number of units
- 4
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
FLAT FEE MLS REALTY
(813) 642-6030
10853 Boyette Road, Tampa, FL
Listed by
Stephen Hachey · License #3389117
(813) 642-6030
Added: Apr 7 Checked: Jul 18 at 4:06 pm
MLS# TB8493723
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.
Investment Insights
Based on property information with market context.
This fully occupied, income-producing quadplex is located in Lakeland, Florida. The property is positioned within walking distance of Florida Southern College. Each of the four units features a 1-bedroom, 1-bath layout of approximately 650 square feet. All units include private screened porches. The units rent at $1200 per month. The property is situated in a central location with proximity to downtown Lakeland, dining, shopping, and major roadways. The property is located on a lot of 0.14 acres. The property size is 2624 square feet. The zoning is RA-4. This property presents a value-add opportunity for investors looking to maximize returns. There is potential to increase rents over time or make cosmetic upgrades to further enhance income and equity. It benefits from consistent tenant demand and long-term appreciation potential.
Key Highlights
- Fully occupied quadplex providing immediate and stable cash flow.
- Walking distance to Florida Southern College, ensuring consistently high tenant demand.
- Each unit features a private screened porch, a desirable amenity for tenants.
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 | $42.5k | $16.20 |
| − Vacancy | −$2.8k | −$1.05 |
| EGI | $39.7k | $15.15 |
| − OpEx | −$11.9k | −$4.54 |
| NOI | $27.8k | $10.60 |
2,624 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$397.5K
$347.8K – $463.7K
NOI $27,822 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$355.1K
$310.7K – $414.2K
NOI $24,854 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$630.6K
$551.8K – $735.7K
NOI $44,140 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Ariana Apartments
Apartment Building
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fully occupied Lakeland quadplex near Florida Southern College.
Where is this quadplex located?
The property is located at 201 ARIANA STREET Lakeland, FL.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Fully occupied quadplex providing immediate and stable cash flow.; Walking distance to Florida Southern College, ensuring consistently high tenant demand.; Each unit features a private screened porch, a desirable amenity for tenants.
