Renovated Duplex with Private
907 N WABASH AVE Lakeland, FL 33815
For Sale
$279,000
MULTI_FAMILY - LAKELAND, FL
Property Size1,480 SF
Lot Size0.20 Acres
Price / SF$188.51
Days on Market46
Property Features for 907 N WABASH AVE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
C-3
Bedrooms
7
Bathrooms
4
Rooms
Bathroom 2, Bedroom 2, Dining Room, Bedroom 5, Bedroom 7, Bathroom 1, Laundry Room, Bathroom 3, Bathroom 4, Bedroom 4, Bedroom 6, Bedroom 1, Bedroom 3
Parking features
Driveway
Patio and Porch features
Porch
Interior features
Ceiling Fans(s), Living Room/Dining Room Combo, Split Bedroom, Stone Counters
Exterior features
Sidewalk
Appliances
Dryer, Microwave, Range, Refrigerator, Washer
Standard status
Active
APN
23-28-14-079500-003120
Size
1,480 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ROANOKE HILLS SUB PB 13 PG 37 BLK C LOTS 12 & 13 LESS HIGHWAY S14/15 T28 R23
Tax Annual Amount
3324
Utilities
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1930
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
ASSOCIATE REALTY
(863) 618-4000
Listed By:
Chrissi Jasso · License #3253299
(863) 618-4000
Added: Jun 15
Changed: Jul 28
Last Checked: Jul 30 at 1:06AM
MLS# P4939056
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 for-sale duplex property consists of two separate homes on one lot, both reported fully renovated in 2022. The main home offers an open floor plan with 4 bedrooms and 2 bathrooms, along with a private patio. The second home includes an open living, dining, and kitchen area with 3 bedrooms and 1 1/2 baths, also featuring its own private patio space.
The property includes a large, expansive driveway that provides room for parking. The current use is identified as an Airbnb.
Zoned C-3, the site is listed as a 0.2-acre lot in Lakeland, FL. The listing identifies the overall property size as 1,480 square feet.
The property includes a large, expansive driveway that provides room for parking. The current use is identified as an Airbnb.
Zoned C-3, the site is listed as a 0.2-acre lot in Lakeland, FL. The listing identifies the overall property size as 1,480 square feet.
Key Highlights
- Two homes on one lot, currently used as an Airbnb
- Main home offers 1,480 SF with 4 bedrooms and 2 bathrooms
- Second home features 3 bedrooms and 1.5 bathrooms, with open living/dining/kitchen space
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 | $24.0k | $16.20 |
| − Vacancy | −$1.6k | −$1.05 |
| EGI | $22.4k | $15.15 |
| − OpEx | −$6.7k | −$4.54 |
| NOI | $15.7k | $10.60 |
1,480 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$224.2K
$196.2K – $261.5K
NOI $15,692 @ 7.0% cap · market cap 5.62%
Second Best
Apartment 5plus
$200.3K
$175.2K – $233.6K
NOI $14,018 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$355.7K
$311.2K – $414.9K
NOI $24,896 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two fully renovated homes on one lot, each with its own private patio and dedicated driveway parking space.
Where is this duplex located?
The property is located at 907 N WABASH AVE Lakeland, FL.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Two homes on one lot, currently used as an Airbnb; Main home offers 1,480 SF with 4 bedrooms and 2 bathrooms; Second home features 3 bedrooms and 1.5 bathrooms, with open living/dining/kitchen space
