Individually Metered Triplex

302 Garett Road Avon Park, FL 33825

Claim this Listing
For Sale
$200,000

DUPLEX - Avon Park, FL

Property size:
1,980 SF
Lot size:
1.74 Acres
Price / SF:
$101/SF
Added:
Jul 6, 2026
Days on Market:
8
Last Refresh:
Jul 13 at 2:06 am

Property Features for 302 Garett Road

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
R3
Bedrooms
5
Bathrooms
3
Rooms
Bedroom 1, Bedroom 2, Bedroom 5, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 4, Bedroom 3
Parking features
Driveway
Pets allowed
No
Exterior features
Stucco
Appliances
Refrigerator(s), Stove(s) / Range(s) Oven(s)
Standard status
Active
APN
C-27-33-28-150-0000-078A
Size
1,980 SF
Lot size
1.74 Acres

Taxes and HOA fees

Tax Year
2026
Tax Description
LACEY HILL-CONNELL UNREC SOUTH 97.02 OF WEST 795 FT OF THE NW 1/4 OF SE 1/4 LESS WEST 20 FT FULLY DESC IN OR 393-PG 857 T A NO 78A
Tax Annual Amount
7062

Utilities

Heating system
Other (Heating)
Cooling system
Wall Unit(s)

Building Details

Year built
1976
Floors in Building
1
Flooring type
Tile
Building materials
Concrete Block
Roof type
Shingle
Architectural style
Other

Listing agent C Boring III

Listing office RE/MAX REALTY PLUS 809 US 27 S, Sebring, FL

Listing date Jul 6, 2026

MLS# 326387 Listing URL

Copyright © 2026 Heartland Multiple Listing Service, Inc. 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 residential triplex includes three distinct rental units, each with a full kitchen and living room, plus appliances. The units are individually metered. Unit 302 is a two-bedroom, one-bath layout, Unit 304 is also two-bedroom, one-bath, and Unit 306 is a one-bedroom, two-bath configuration. Each unit has separate parking, and the property totals 1,980 square feet. The sale is being offered completely as-is.

The property is located at 302 Garett Road in Avon Park, Florida, in Highlands County. It is set on 1.74 acres and is zoned R3.

For investors and portfolio builders, the triplex offers a three-unit configuration on one parcel with individually metered utilities and resident parking. Because it is sold as-is and noted as needing some TLC, it may appeal to buyers looking to refresh interiors and bring the property to their operating standard.

Key Highlights

  • Residential triplex in Avon Park, Florida, built in 1976
  • Total 1,980 SF across three individually metered units
  • Unit mix: two 2BR/1BA units (302 and 304) plus one 1BR/2BA unit (306)

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 $27.3k $13.80
− Vacancy −$1.8k −$0.90
EGI $25.5k $12.90
− OpEx −$7.7k −$3.87
NOI $17.9k $9.03
1,980 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$255.5K
$223.6K – $298.1K (±1% cap)
NOI $17,884 @ 7.0% cap · market cap 8.94%
Second Best
Apartment 5plus
$237.4K
$207.7K – $277.0K (±1% cap)
NOI $16,619 @ 7.0% cap · market cap 8.31%
Theoretical Best
Office A
$411.9K
$360.4K – $480.6K (±1% cap)
NOI $28,835 @ 7.0% cap · market cap 14.42%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

FAQs

What type of property is this?
Triplex - Three individually metered rental units with separate parking and appliances, sold as-is and ready for investor rehab.
Where is this triplex located?
The property is located at 302 Garett Road Avon Park, FL.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Residential triplex in Avon Park, Florida, built in 1976; Total 1,980 SF across three individually metered units; Unit mix: two 2BR/1BA units (302 and 304) plus one 1BR/2BA unit (306)
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