Historic Lakeland Duplex For
748 / 750 WINFREE AVENUE, Lakeland, FL 33801
New
Duplex - LAKELAND, FL
Type:Duplex
Property size:
2,224 SFLot size:
0.08 AcresPrice / SF:
$184/SF- Added:
- May 29, 2026
- Days on Market:
- 2
- Last Refresh:
- May 30 at 1:06 pm
Property Features for 748 / 750 WINFREE AVENUE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- RA-4
- Bedrooms
- 4
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
- Pets allowed
- Yes
- Interior features
- Ceiling Fans(s), High Ceilings, Solid Wood Cabinets, Walk-in Closet(s)
- Exterior features
- Level, Courtyard, Fence, Lighting, Private Mailbox, Sidewalk
- Fencing
- Fenced
- Appliances
- Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 24-28-19-215500-001101
- Size
- 2,224 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2943.88
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1925
- Number of units
- 2
- Flooring type
- Tile, Tile - Ceramic, Wood
- Building materials
- Frame, Wood Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Russ Rhoads License #644951 (863) 604-1570
Listing office EXP REALTY LLC 10752 Deerwood Park Blvd., Suite 100, Jacksonville, FL (888) 883-8509
Listing date May 29, 2026
MLS# L4962244
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.
HighLights
- Desirable Lake Morton Historic District location, close to lakes, downtown, FSC, museums, library, shops, and restaurants.
- Duplex offers income potential with one unit currently leased until 9/30/2026.
- Historic charm with modern updates, including tankless hot water heaters, updated kitchens with granite countertops and stainless steel appliances.
- Each unit has private entrances and separate utility meters.
- Unit 748 features a spacious, air‑conditioned enclosed sunporch and updated kitchen.
- Off‑street parking on a spacious brick terrace.
Overview
Located in the desirable Lake Morton Historic District, this two-story duplex was originally built in 1925. The property offers approximately 2,224 total square feet of living area, with approximately 1,112 heated square feet per unit. Each residence has private side-front and rear entrances, separate utility and water meters, and tankless hot water heaters. Unit 748 features a 9x21 enclosed sunporch with A/C and terracotta-style tile flooring. Formal living and dining rooms showcase wood flooring. The updated kitchen includes white wood cabinetry, granite countertops, stainless steel appliances, and a stackable washer and dryer within a utility/mudroom. This unit offers 2 bedrooms and 1 bathroom, including a bedroom with a walk-in closet. A brick terrace provides off-street parking. Unit 750, located on the second floor, is currently leased, lease ends 9/30/2026. The property is near Lake Morton, Lake Mirror, Lake Hollingsworth, Florida Southern College, downtown Lakeland, The Ashley Gibson Barnett Museum of Art, Lakeland Public Library, coffee shops, restaurants, and shopping. The zoning is RA-4. This duplex offers flexibility and timeless appeal for multigenerational living, or as an investment property.
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 | $36.0k | $16.20 |
| − Vacancy | −$2.3k | −$1.05 |
| EGI | $33.7k | $15.15 |
| − OpEx | −$10.1k | −$4.54 |
| NOI | $23.6k | $10.60 |
2,224 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$336.9K
$294.8K – $393.0K
NOI $23,581 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$300.9K
$263.3K – $351.1K
NOI $21,066 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$534.4K
$467.6K – $623.5K
NOI $37,411 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Lakeland
- County
- Polk
- State
- Florida
- Longitude
- -81.946356
- Latitude
- 28.035199
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Charming 1925 duplex in Lakeland's historic district.
Where is this duplex located?
The property is located at 748 / 750 WINFREE AVENUE Lakeland, FL.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Desirable Lake Morton Historic District location, close to lakes, downtown, FSC, museums, library, shops, and restaurants.; Duplex offers income potential with one unit currently leased until 9/30/2026.; Historic charm with modern updates, including tankless hot water heaters, updated kitchens with granite countertops and stainless steel appliances.
