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    903 Vistabula St Lakeland, FL 33801

    Sponsored
    For Sale
    $399,000

    Duplex - LAKELAND, FL

    Type:Duplex
    Property size:
    1,500 SF
    Lot size:
    0.16 Acres
    Days on Market:
    9
    Last Refresh:
    Jan 29 at 10:06 am

    Property Features for 903 Vistabula St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Zoning
    MF-12
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    APN
    24-28-19-224500-002130
    Parking features
    Assigned, Garage, Garage - Attached
    Interior features
    Ceiling Fans(s)
    Exterior features
    Courtyard, Garden, Sidewalk
    Size
    1,500 SF
    Lot size
    0.16 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1950
    Number of units
    2
    Flooring type
    Vinyl
    Building materials
    Block
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Amy Copeland

    Coldwell Banker (813) 754-3586

    Listing agent Amy Copeland (727) 781-3700 License #3513250

    Listing date Jan 21, 2026

    MLS# TB8444998 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.

    Learn more

    Property Insight Report

    Overview

    Lakeland Duplex in Historic District

    Located in the Lake Morton Historic District of Lakeland, Florida, this property features two homes on a single lot. The rear home, a 1-bedroom, 1-bath 1925 bungalow, includes a separate living room and a bonus room that could serve as a second bedroom. It features luxury vinyl flooring, wood cabinetry, and a newer roof, along with new windows. The main home, constructed in 1950, is a 2-bedroom, 1-bath block construction residence. It has been updated with newer windows, a central HVAC system, granite countertops, solid wood cabinetry, stainless steel appliances, and luxury vinyl plank flooring. The property offers flexibility for various living arrangements or investment opportunities, as both units are currently rented. The property is situated blocks from Lake Morton, the Lakeland Public Library, and the Polk Museum of Art, with downtown Lakeland minutes away. The lot size is 0.16 acres and the property size is 1500 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Dental Office Law Firm Spa & Massage Realty agency Hair Salon Nail Salon Clothing Store Daycare Center Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -81.946755
    Latitude
    28.03835

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    FAQs

    What type of property is this?
    Duplex - Two homes on one lot near downtown Lakeland. Investment opportunity.
    Where is this duplex located?
    The property is located at 903 Vistabula St Lakeland, FL.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - Two Homes on One Lot: A unique opportunity for flexible living or investment.; - Updated Main Home (1950): Features newer windows, central HVAC, granite countertops, solid wood cabinetry, stainless steel appliances, and luxury vinyl plank flooring.; - Charming 1925 Bungalow: Includes a 1-bedroom, 1-bath layout with a bonus room, luxury vinyl flooring, wood cabinetry, and a newer roof.
    (512) 470-3613
    Request Owner's contact information
    903 Vistabula St Lakeland, FL 33801
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    Lakeland, FL 33801
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    903 Vistabula St Lakeland, FL 33801
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    We can help!
    Listing Contact
    Amy Copeland
    Real Estate License ID: 3513250
    (512) 470-3613
    Learn more
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