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Mulberry Triplex Investment Opportunity

1001 NE 1ST St, Mulberry, FL 33860

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For Sale

$429,900

Income-producing triplex with renovated units and recent capital improvements.

Type:Investment

Property size:

2,652 SF

Lot size:

0.30 Acres

Price / SF:

$162/SF

HighLights

Income‑producing legal triplex featuring two 2/1 units and one 3/1 unit for immediate cash flow.
Recent capital improvements include a new roof and new siding, reducing maintenance.
Renovated kitchens and updated flooring throughout all units, a turnkey investment.
Separate water and electric meters for each unit simplifying utility management.
Located on a desirable corner lot in historic Mulberry neighborhood for potential appreciation.
Convenient access to Highway 60, Bartow, and Lakeland.

We can help!

Listing Contact

Andrea Orue Araya

Learn more

For Sale

$429,900

Income-producing triplex with renovated units and recent capital improvements.

Type:Investment

Property size:

2,652 SF

Lot size:

0.30 Acres

Price / SF:

$162/SF

Added:: Apr 24, 2026
Days on Market:: 52
Last Refresh:: Apr 24 at 7:57 pm

Property Features for 1001 NE 1ST St

General Information

Standard status: Active
Size: 2,652 SF
Lot size: 0.30 Acres
Property subtype: Investment

Building Details

Year Built: 1912

We can help!

Listing Contact

Andrea Orue Araya

Listing agent Andrea Orue Araya License #3480295

Listing office EZ Choice Realty

Listing date Apr 24, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of EZ Choice Realty

HighLights

Income‑producing legal triplex featuring two 2/1 units and one 3/1 unit for immediate cash flow.
Recent capital improvements include a new roof and new siding, reducing maintenance.
Renovated kitchens and updated flooring throughout all units, a turnkey investment.
Separate water and electric meters for each unit simplifying utility management.
Located on a desirable corner lot in historic Mulberry neighborhood for potential appreciation.
Convenient access to Highway 60, Bartow, and Lakeland.

Overview

This legal triplex presents an investment opportunity with potential for cash flow and long-term appreciation. Located off Highway 60, it provides access to Bartow and Lakeland. Situated on a corner lot in a historic Mulberry neighborhood, the property includes 2,652 square feet of living space on a 13,068 square foot lot. The unit mix features two 2-bedroom, 1-bath units and one 3-bedroom, 1-bath unit. Each unit has separate water and electric meters, renovated kitchens, and updated flooring. Capital improvements include a new roof and new siding. There are no HOA restrictions, allowing flexibility for buy-and-hold, rental income, or future value-add strategies. The property is located near major roadways, employment centers, and growing Central Florida markets.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$43.0k	$16.20
− Vacancy	−$2.8k	−$1.05
EGI	$40.2k	$15.15
− OpEx	−$12.1k	−$4.54
NOI	$28.1k	$10.60

2,652 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$401.7K

$351.5K – $468.7K (±1% cap)

NOI $28,119 @ 7.0% cap · market cap 6.54%

Second Best

Apartment 5plus

$358.9K

$314.0K – $418.7K (±1% cap)

NOI $25,120 @ 7.0% cap · market cap 5.84%

Theoretical Best

Office A

$637.3K

$557.6K – $743.5K (±1% cap)

NOI $44,611 @ 7.0% cap · market cap 10.38%

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

Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Mulberry
County: Polk
State: Florida
Longitude: -81.9652515
Latitude: 27.8954423

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For sale
Triplexes
FL
Mulberry
33860
1001 NE 1ST St

What type of property is this?

Triplex - Income-producing triplex with renovated units and recent capital improvements.

Where is this triplex located?

The property is located at 1001 NE 1ST St Mulberry, FL.

What is the asking price?

The asking price for this property is $429,900.

What are key features of this property?

This property features: Income‑producing legal triplex featuring two 2/1 units and one 3/1 unit for immediate cash flow.; Recent capital improvements include a new roof and new siding, reducing maintenance.; Renovated kitchens and updated flooring throughout all units, a turnkey investment.