281 & 283 LEELON ROAD Lakeland, FL 33809
- Added:
- Mar 4, 2026
- Days on Market:
- 28
- Last Refresh:
- Apr 1 at 5:06 am
Property Features for 281 & 283 LEELON ROAD
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R-2
- Bedrooms
- 4
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
- Parking features
- Driveway
- Pets allowed
- Cats OK, Dogs OK
- Interior features
- Thermostat
- Exterior features
- Fence, Private Yard, Storage
- Fencing
- Fenced
- Appliances
- Dishwasher, Range, Refrigerator, Washer
- Standard status
- Pending
- APN
- 24-27-19-161330-000030
- Size
- 1,842 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- TaxYear
- 2025
- TaxAnnualAmount
- 3709.92
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1981
- Number of units
- 2
- Building materials
- Block
- Roof type
- Shingle
- Architectural style
- Other
- Additional Structures
- Storage
Listing agent Cat Calvosa License #3630429 (703) 399-0785
Listing office KELLER WILLIAMS REALTY SMART 218 E. Pine Street, Lakeland, FL (863) 577-1234
Listing date Mar 4, 2026
MLS# L4959798
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.
Overview
Lakeland Duplex Investment Opportunity
Located in the Lake Gibson area of Lakeland, this income-producing duplex was built in 1981. The solid block property features two separate 2-bedroom, 1-bath units, totaling 1,842 square feet of living space. Situated on a 0.25-acre lot in unincorporated Polk County, the property is conveniently located near shopping, dining, and major commuter routes. Each unit is separately metered, with tenants responsible for their own utilities. The property generates $2,550 per month ($30,600 annually) in rental income. The current rents are $1,265 and $1,285 per month. Existing leases run through December 2026 and January 2027. The property produces an estimated Net Operating Income of approximately $21,600 annually, representing an estimated cap rate near 6.9% at the current list price. New windows and front doors were installed in April 2024, and a third nail for wind mitigation was added in June 2023. Unit 281 features a renovated kitchen with updated counters (2019) and new LVP bathroom flooring (2024). Unit 283 includes a newer dishwasher (2019) and a replaced AC unit in 2020. The property presents a strong opportunity for investors seeking current income with long-term upside.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Lakeland
- County
- Polk
- State
- Florida
- Longitude
- -81.951116
- Latitude
- 28.120699
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Income-producing duplex near Lake Gibson with long-term upside potential.
Where is this duplex located?
The property is located at 281 & 283 LEELON ROAD Lakeland, FL.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: Income‑producing duplex generating $2,550/month ($30,600/year) with an estimated 6.9% cap rate.; No HOA and tenants pay their own utilities, reducing operating costs.; Solid block construction with recent improvements including new windows/front doors (2024) and wind mitigation (2023).
