Legal Triplex with Three Electric
For Sale
$345,000
605 S JACKSON Avenue, Bartow, FL 33830
MULTI_FAMILY - BARTOW, FL
Property Size3,018 SF
Lot Size0.42 Acres
Price / SF$114.31
Days on Market52
Property Features for 605 S JACKSON Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
5
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 1, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 4, Bathroom 5, Bathroom 4, Bedroom 2, Bedroom 3
Interior features
Built-in Features, Ceiling Fans(s)
Exterior features
Fence, Private Entrance
Fencing
Fenced
Subdivision
NOT IN SUBDIVISION
Directions
From US98S/Bartow Rd continue onto N Broadway Ave. Turn left onto E Davidson St5. Turn Right on Jackson. Home is on the corner of Jackson and Lemon. Parking is on lemon. Can park under the oak tree or along the street.
Standard status
Active
APN
25-30-08-000000-033050
Size
3,018 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG 482 FT S & 30 FT W OF NE COR OF NW1/4 OF NW1/4 RUN S 92 FT W 200 FT N 92 FT E 200 FT TO POB
Tax Annual Amount
3266
Legal Description
BEG 482 FT S & 30 FT W OF NE COR OF NW1/4 OF NW1/4 RUN S 92 FT W 200 FT N 92 FT E 200 FT TO POB
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Wood
Building materials
Frame
Roof type
Metal, Membrane
Listing Agency:
IMPACT REALTY TAMPA BAY
(813) 321-1200
Listed By:
Michele Roling · License #3446832
(727) 999-0068
Added: Jun 23
Changed: Aug 7
Last Checked: Aug 13 at 7:06AM
MLS# TB8517821
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.
Legal triplex offering flexible living arrangements and separate unit access. The property is currently being used as a single-family residence with an upstairs apartment, plus an additional studio with a full bathroom and a private entrance. The upper-level unit includes two bedrooms, one bathroom, its own kitchen, and two separate entrances. The main living area features three bedrooms and three bathrooms, with built-in features and ceiling fans. An additional studio and bathroom setup is currently used as a home salon, with potential for uses such as an office, guest suite, or studio space.
Three separate electric meters are already in place, adding flexibility for future use. The home is on a fenced, nearly 0.42-acre lot with room for outdoor space and future improvements. Construction is frame, with ductless heating and window/wall unit cooling, wood flooring, and a roof described as membrane and metal.
Utilities include public water and public sewer, with cable available. Built in 1900, the property is located a few blocks from Historic Downtown Bartow, providing convenient access to local restaurants, shopping, events, government offices, and major Polk County employers.
Three separate electric meters are already in place, adding flexibility for future use. The home is on a fenced, nearly 0.42-acre lot with room for outdoor space and future improvements. Construction is frame, with ductless heating and window/wall unit cooling, wood flooring, and a roof described as membrane and metal.
Utilities include public water and public sewer, with cable available. Built in 1900, the property is located a few blocks from Historic Downtown Bartow, providing convenient access to local restaurants, shopping, events, government offices, and major Polk County employers.
Key Highlights
- Legal triplex currently set up with upstairs apartment plus an additional studio with private entrance
- Three separate electric meters already in place for flexible future use
- Upper‑level two‑bedroom, one‑bath apartment with its own kitchen and two separate entrances
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
$28,586
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
8.29%
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%
$571,720
$571.7K
Cap Rate 7%
$408,371
$408.4K
Cap Rate 9%
$317,622
$317.6K
Market Conditions
NOI Build-Up for 3,018 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
$55.4K $18.36/SF
− Vacancy
−$3.4K −$1.14/SF
EGI
$52.0K $17.22/SF
− OpEx
−$23.4K −$7.75/SF
NOI
$28.6K $9.47/SF
Area
Polk County, FL
Vacancy
6.20%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
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%
$571,720
Cap Rate 7%
$408,371
Cap Rate 9%
$317,622
Alternative Uses
Best Use
Multifamily LT 5
$457.1K
$400.0K – $533.3K
NOI $32,000 @ 7.0% cap · market cap 9.28%
Second Best
Apartment 5plus
$408.4K
$357.3K – $476.4K
NOI $28,586 @ 7.0% cap · market cap 8.29%
Theoretical Best
Office A
$725.3K
$634.6K – $846.1K
NOI $50,768 @ 7.0% cap · market cap 14.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
904
Businesses Nearby
Explore this area
Business Placement
Demographics for 33830, FL
29,926
Population
11,989
Households
2.5
Avg Household Size
38
Median Age
18%
College-Educated
85%
High-School Grad
120.5 sq mi
ZIP Area
248
Density / Sq Mi
$62,636
Median Household Income
$37,078
Median Earnings
$1,017
Median Rent
$207,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Legal triplex on a fenced 0.42-acre lot with an upstairs apartment and separate entrances plus three separate electric meters.
Where is this triplex located?
The property is located at 605 S JACKSON Avenue Bartow, FL.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Legal triplex currently set up with upstairs apartment plus an additional studio with private entrance; Three separate electric meters already in place for flexible future use; Upper‑level two‑bedroom, one‑bath apartment with its own kitchen and two separate entrances
