Duplex with Central
101 LAKE HUNTER Drive, Lakeland, FL 33803
For Sale
$175,000
Residential, LAKELAND, FL
Property Size903 SF
Lot Size0.02 Acres
Price / SF$193.80
Days on Market109
Property Features for 101 LAKE HUNTER Drive
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Pets allowed
Interior features
Exterior features
Appliances
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Listing Agency:
KELLER WILLIAMS REALTY
(863) 577-1234
Listed By:
Daryl Ash, II · License FL #3283301
(863) 934-1548
Added: Jul 27
Changed: Nov 10
Last Checked: Nov 12 at 7:06AM
MLS# L4963905
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.
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Investment Insights
Based on property information with market context.
This 1980 duplex at 101 Lake Hunter Drive includes units 11 and 12 within the Lake Hunter Villas community. The property measures 903 square feet on a 0.02-acre lot and features stucco construction, a shingle roof, central heating, central air, stone counters, tile and carpet flooring, and lighting and sidewalk improvements. Appliances include a range and refrigerator.
Public water and public sewer serve the property, with cable available. The setting provides access to the Lake Hunter area and is minutes from downtown Lakeland dining, shopping, and local attractions. The neighboring unit, identified as MLS #L4963875, is also available for purchase.
Public water and public sewer serve the property, with cable available. The setting provides access to the Lake Hunter area and is minutes from downtown Lakeland dining, shopping, and local attractions. The neighboring unit, identified as MLS #L4963875, is also available for purchase.
Key Highlights
- Duplex comprising units 11 and 12 at 101 Lake Hunter Drive
- 903 square feet on a 0.02‑acre lot
- MF‑12 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,574
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$191,480
$191.5K
Cap Rate 7%
$136,771
$136.8K
Cap Rate 9%
$106,378
$106.4K
Market Conditions
NOI Build-Up for 903 SF
Gross rent
$14.6K $16.20/SF
− Vacancy
−$951 −$1.05/SF
EGI
$13.7K $15.15/SF
− OpEx
−$4.1K −$4.54/SF
NOI
$9.6K $10.60/SF
Area
Lakeland, FL
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$191,480
Cap Rate 7%
$136,771
Cap Rate 9%
$106,378
Alternative Uses
Best Use
Multifamily LT 5
$136.8K
$119.7K – $159.6K
NOI $9,574 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$122.2K
$106.9K – $142.6K
NOI $8,553 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$217.0K
$189.9K – $253.2K
NOI $15,190 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
667
Businesses Nearby
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Business Placement
Demographics for 33803, FL
29,082
Population
15,086
Households
1.9
Avg Household Size
42
Median Age
34%
College-Educated
94%
High-School Grad
16.6 sq mi
ZIP Area
1,752
Density / Sq Mi
$63,180
Median Household Income
$40,358
Median Earnings
$1,337
Median Rent
$236,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lakeland, FL
Properties on Market for Duplexes in Lakeland
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex in MF-12 zoning with tile and carpet flooring, public utilities, and a location near downtown Lakeland.
Where is this duplex located?
The property is located at 101 LAKE HUNTER Drive Lakeland, FL.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Duplex comprising units 11 and 12 at 101 Lake Hunter Drive; 903 square feet on a 0.02‑acre lot; MF‑12 zoning
