Duplex-Style Residential Income
315 DORSETT Avenue Lake Wales, FL 33853
For Sale
$380,000
Pending
MULTI_FAMILY - LAKE WALES, FL
Property Size1,672 SF
Lot Size0.15 Acres
Days on Market314
Property Features for 315 DORSETT Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Property condition
- Under Construction
- Zoning
- IND
- Bedrooms
- 7
- Bathrooms
- 7
- Rooms
- Bathroom 2, Bathroom 7, Bedroom 4, Bathroom 4, Bathroom 6, Bathroom 5, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 5, Bedroom 7, Bedroom 1, Bedroom 3, Bedroom 6
- Interior features
- Ceiling Fans(s), Open Floorplan
- Exterior features
- Balcony
- Standard status
- Pending
- APN
- 27-30-02-899000-008100
- Size
- 1,672 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- THULBERRYS SECOND SUB PB 24 PG 21 BLK 8 LOT 10
- Tax Annual Amount
- 2000
Utilities
- Utilities
- Cable Available
- Sewer type
- Private Sewer
- Heating system
- Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2025
- Number of units
- 2
- Building materials
- Block
- Roof type
- Shingle
Listing Agency:
BEYCOME OF FLORIDA LLC
(804) 656-5007
Listed By:
Steven Koleno · License #0779766
(804) 656-5007
Added: Sep 17, 2025
Changed: Jul 24
Last Checked: Jul 27 at 12:06AM
MLS# O6344998
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 pre-construction residential income property is planned as two attached homes on a single lot. One residence is a spacious 3-bedroom, 2-bath single-family home, paired with a back 2-bedroom, 1-bath accessory dwelling unit designed to generate rental income. The layout also includes an outdoor patio area.
The property is located at 315 Dorsett Avenue in Lake Wales, Florida (33853), within Polk County. Estimated completion for the buildings is January 2026. The property is identified with zoning described as IND.
The lot size is listed at 0.15 acres, and the planned property size is 1,672 square feet.
The property is located at 315 Dorsett Avenue in Lake Wales, Florida (33853), within Polk County. Estimated completion for the buildings is January 2026. The property is identified with zoning described as IND.
The lot size is listed at 0.15 acres, and the planned property size is 1,672 square feet.
Key Highlights
- Under construction, year built 2025, with estimated completion by January 2026
- Block construction with central air cooling and natural gas heating
- Open floorplan with ceiling fans(s)
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 | $27.1k | $16.20 |
| − Vacancy | −$1.8k | −$1.05 |
| EGI | $25.3k | $15.15 |
| − OpEx | −$7.6k | −$4.54 |
| NOI | $17.7k | $10.60 |
1,672 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$253.3K
$221.6K – $295.5K
NOI $17,728 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$226.2K
$198.0K – $264.0K
NOI $15,837 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$401.8K
$351.6K – $468.8K
NOI $28,126 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Pre-construction two-home build featuring a 3-bedroom main house and a 2-bedroom accessory dwelling unit.
Where is this duplex located?
The property is located at 315 DORSETT Avenue Lake Wales, FL.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Under construction, year built 2025, with estimated completion by January 2026; Block construction with central air cooling and natural gas heating; Open floorplan with ceiling fans(s)
