Two-Residence Duplex
For Sale
$325,000
2253 & 2249 GOLFVIEW Street, Lakeland, FL 33801
Residential Income, LAKELAND, FL
Property Size2,012 SF
Lot Size0.32 Acres
Price / SF$161.53
Days on Market155
Property Features for 2253 & 2249 GOLFVIEW Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 4, Bedroom 6, Bedroom 2
Interior features
Ninguno
Exterior features
Fence, Private Mailbox, Private Yard
Fencing
Fenced
Basement
Crawl Space
Subdivision
COUNTRY CLUB ESTATES SUB
Lot features
Oversized Lot, Paved
Directions
From I-4, take Exit 33 toward Lakeland and head south on FL-33 (Lakeland Hills Blvd). Continue onto FL-33 S, then turn left onto US-92 E. Turn right onto W Memorial Blvd, then left onto N Wabash Ave. Continue south on Wabash Ave, then turn right onto Golfview Street. The property will be on your right.
Standard status
Active
APN
24-28-16-186000-002231
Size
2,012 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COUNTRY CLUB ESTATES SUB PB 7 PG 10 BLK 2 LOT 23 N1/2
Tax Annual Amount
3156
Legal Description
COUNTRY CLUB ESTATES SUB PB 7 PG 10 BLK 2 LOT 23 N1/2
Utilities
Sewer type
Public Sewer
Heating system
Central, Ductless (Heating)
Cooling system
Central Air, Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1951
Floors in Building
1
Building materials
Frame
Roof type
Metal
Additional Structures
Outbuilding
Listing Agency:
REMAX EXPERTS · RE/MAX International
(863) 802-5262
Listed By:
Amanda Wright · License #3385585
(863) 221-5230
Added: Mar 26
Changed: Aug 19
Last Checked: Aug 27 at 4:06PM
MLS# L4960619
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 duplex property includes two separate residences positioned on one parcel. The homes provide a combined two-residence layout, with one residence configured with three bedrooms and two bathrooms and the other offering three bedrooms and one bathroom. An additional outbuilding expands the property's functional utility. The improvements include frame construction, a metal roof, public water, public sewer, central air, and a combination of central and ductless heating systems.
The parcel measures 0.32 acres and is fully fenced, with a private yard and private mailbox. Both residences are tenant-occupied, supporting an established rental setup. The property is located in Lakeland, with access to I-4 and proximity to downtown Lakeland, Lakeland Linder International Airport, shopping, dining, medical facilities, Florida Southern College, and Southeastern University. The property was built in 1951 and is zoned R-2.
The parcel measures 0.32 acres and is fully fenced, with a private yard and private mailbox. Both residences are tenant-occupied, supporting an established rental setup. The property is located in Lakeland, with access to I-4 and proximity to downtown Lakeland, Lakeland Linder International Airport, shopping, dining, medical facilities, Florida Southern College, and Southeastern University. The property was built in 1951 and is zoned R-2.
Key Highlights
- Two separate residences on one parcel
- 0.32‑acre fully fenced lot
- R‑2 zoning
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
$21,333
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
6.56%
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%
$426,660
$426.7K
Cap Rate 7%
$304,757
$304.8K
Cap Rate 9%
$237,033
$237.0K
Market Conditions
NOI Build-Up for 2,012 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
$32.6K $16.20/SF
− Vacancy
−$2.1K −$1.05/SF
EGI
$30.5K $15.15/SF
− OpEx
−$9.1K −$4.54/SF
NOI
$21.3K $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%
$426,660
Cap Rate 7%
$304,757
Cap Rate 9%
$237,033
Alternative Uses
Best Use
Multifamily LT 5
$304.8K
$266.7K – $355.6K
NOI $21,333 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$272.3K
$238.2K – $317.6K
NOI $19,058 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$483.5K
$423.1K – $564.1K
NOI $33,845 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
422
Businesses Nearby
Explore this area
Business Placement
Demographics for 33801, FL
36,798
Population
15,365
Households
2.4
Avg Household Size
34
Median Age
16%
College-Educated
84%
High-School Grad
18.9 sq mi
ZIP Area
1,947
Density / Sq Mi
$49,210
Median Household Income
$30,055
Median Earnings
$1,100
Median Rent
$138,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - R-2 zoning, separate homes, and a fully fenced parcel create a practical multi-unit residential configuration.
Where is this duplex located?
The property is located at 2253 & 2249 GOLFVIEW Street Lakeland, FL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two separate residences on one parcel; 0.32‑acre fully fenced lot; R‑2 zoning
