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    Lakeland Duplex on Oversized Lot

    3221 & 3225 CRUTCHFIELD ROAD Lakeland, FL 33805

    Claim this Listing
    For Sale
    $299,900

    Duplex - LAKELAND, FL

    Type:Duplex
    Property size:
    2,515 SF
    Lot size:
    0.57 Acres
    Price / SF:
    $119/SF
    Added:
    Mar 3, 2026
    Days on Market:
    132
    Last Refresh:
    Jul 13 at 1:06 am

    Property Features for 3221 & 3225 CRUTCHFIELD ROAD

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Zoning
    R-2
    Bedrooms
    5
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Interior features
    Living Room/Dining Room Combo
    Exterior features
    Paved, Storage
    Standard status
    Active
    APN
    23-28-09-000000-022080
    Size
    2,515 SF
    Lot size
    0.57 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3458.1

    Building Details

    Year built
    1960
    Number of units
    2
    Building materials
    Frame
    Roof type
    Membrane, Shingle
    Architectural style
    Other
    Additional Structures
    Storage

    Listing agent Amanda Wright License #3385585

    Listing office REMAX EXPERTS 439 S Florida Ave Suite 201,, Lakeland, FL

    Listing date Mar 3, 2026

    MLS# L4959533 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 property presents an investment opportunity with two homes situated on a 0.57-acre lot. The main home features 3 bedrooms and 2 bathrooms, along with a bonus room suitable for use as a fourth bedroom, dining space, home office, or additional living area. The home includes hard flooring and tile. The second unit is a 2-bedroom, 1-bath guest cottage with its own kitchen and separate driveway access. Both homes are currently tenant occupied. Located near I-4 and Highway 92, the property provides access to downtown Lakeland, shopping, dining, and Central Florida destinations. The property is zoned R-2.

    Key Highlights

    • Two Homes on One Oversized Lot: Main house (3 bed, 2 bath + bonus room) and separate 2‑bed, 1‑bath guest cottage.
    • Immediate Income Potential: Both homes are currently tenant occupied.
    • Separate Driveway Access: The guest cottage has its own driveway, ensuring privacy.

    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 $40.7k $16.20
    − Vacancy −$2.6k −$1.05
    EGI $38.1k $15.15
    − OpEx −$11.4k −$4.54
    NOI $26.7k $10.60
    2,515 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $380.9K
    $333.3K – $444.4K (±1% cap)
    NOI $26,666 @ 7.0% cap · market cap 8.89%
    Second Best
    Apartment 5plus
    $340.3K
    $297.8K – $397.0K (±1% cap)
    NOI $23,822 @ 7.0% cap · market cap 7.94%
    Theoretical Best
    Office A
    $604.4K
    $528.8K – $705.1K (±1% cap)
    NOI $42,306 @ 7.0% cap · market cap 14.11%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Hair Salon Spa & Massage Center HVAC Service Electrical Service Restaurant Nail Salon Pharmacy (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Duplex - Investment opportunity: two homes on one large lot.
    Where is this duplex located?
    The property is located at 3221 & 3225 CRUTCHFIELD ROAD Lakeland, FL.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: Two Homes on One Oversized Lot: Main house (3 bed, 2 bath + bonus room) and separate 2‑bed, 1‑bath guest cottage.; Immediate Income Potential: Both homes are currently tenant occupied.; Separate Driveway Access: The guest cottage has its own driveway, ensuring privacy.
    Contact an agent
    (863) 802-5262
    We can help!
    Contact an agent
    Amanda Wright
    Amanda Wright
    Real Estate License ID: 3385585
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