Two-Story
For Sale
$829,900
1031 E LIME Street, Lakeland, FL 33801
MULTI_FAMILY - LAKELAND, FL
Property Size3,617 SF
Lot Size0.24 Acres
Price / SF$229.44
Days on Market82
Property Features for 1031 E LIME Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
RB-1
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 4, Bathroom 2, Bathroom 5, Bedroom 5, Bathroom 4, Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 6, Family Room, Bedroom 3, Bedroom 1, Bathroom 6
Parking features
Driveway, Open
Patio and Porch features
Porch
Pets allowed
Yes
Interior features
Cathedral Ceiling(s), Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Kitchen/Family Room Combo, Open Floorplan, PrimaryBedroom Upstairs, Solid Wood Cabinets, Stone Counters, Walk-In Closet(s)
Exterior features
Lighting
Appliances
Dishwasher, Gas Water Heater, Microwave, Range, Refrigerator, Tankless Water Heater
Subdivision
BILTMORE PARK SUB
Lot features
City Limits, Landscaped, Level, Near Public Transit, Sidewalk, Paved
Elementary school
Philip O'Brien Elementary
Middle school
Sleepy Hill Middle
High school
Lakeland Senior High
Directions
North or South on Bartow Rd (98S) to West on Lime Street, 1031 will be on your left.
Standard status
Active
APN
24-28-19-218000-001030
Size
3,617 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BILTMORE PARK SUB PB 8 PG 41 BLK 1 LOT 3
Tax Annual Amount
562
Legal Description
BILTMORE PARK SUB PB 8 PG 41 BLK 1 LOT 3
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2026
Number of units
2
Flooring type
Vinyl
Building materials
HardiPlank Type, Frame, Wood Siding
Roof type
Shingle
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Brian Stephens · License #655038
(863) 647-8600
Added: May 11
Changed: Jul 31
Last Checked: Jul 31 at 6:06PM
MLS# L4961736
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.
Under construction two-story duplex on a 0.24-acre lot in RB-1 zoning, built in 2026 with HardiPlank type and wood siding exterior materials. The property includes two residential units with open two-story layouts designed for everyday living and entertaining. Each side offers approximately 1,808 heated square feet, with a downstairs great room and dining area featuring soaring 10-foot ceilings. Kitchens include large center islands, stainless steel appliance packages, quartz countertops, abundant cabinetry, walk-in pantries, and convenient access to the inside laundry room. A downstairs powder bath and a covered lanai add additional comfort.
Upstairs, all bedrooms are privately located, including owner’s suites with walk-in closets, double-sink vanities with quartz countertops, private water closets, and walk-in showers. Additional interior details include cathedral ceilings, ceiling fans, and vinyl flooring. Appliances include a dishwasher, microwave, range, refrigerator, tankless water heater, and gas water heater. Heating is electric (central) with central air conditioning.
Public water and public sewer serve the duplex, with driveway and open parking and a shingle roof.
Upstairs, all bedrooms are privately located, including owner’s suites with walk-in closets, double-sink vanities with quartz countertops, private water closets, and walk-in showers. Additional interior details include cathedral ceilings, ceiling fans, and vinyl flooring. Appliances include a dishwasher, microwave, range, refrigerator, tankless water heater, and gas water heater. Heating is electric (central) with central air conditioning.
Public water and public sewer serve the duplex, with driveway and open parking and a shingle roof.
Key Highlights
- Under construction two‑story duplex built in 2026
- RB‑1 zoning on a 0.24‑acre lot
- Each unit offers approx 1,808 heated SF with downstairs great room and dining
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 | $58.6k | $16.20 |
| − Vacancy | −$3.8k | −$1.05 |
| EGI | $54.8k | $15.15 |
| − OpEx | −$16.4k | −$4.54 |
| NOI | $38.4k | $10.60 |
3,617 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$547.9K
$479.4K – $639.2K
NOI $38,351 @ 7.0% cap · market cap 4.62%
Second Best
Apartment 5plus
$489.4K
$428.3K – $571.0K
NOI $34,260 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$869.2K
$760.6K – $1.01M
NOI $60,844 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,569
Businesses Nearby
Explore this area
Business Placement
Demographics for 33801, FL
36,798
Population
15,365
Households
2.4
Avg Household Size
34
Median Age
16%
College-Educated
84%
High-School Grad
18.9 sq mi
ZIP Area
1,947
Density / Sq Mi
$49,210
Median Household Income
$30,055
Median Earnings
$1,100
Median Rent
$138,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex under construction in RB-1 zoning with public utilities, central HVAC, and a covered lanai for low-maintenance living.
Where is this duplex located?
The property is located at 1031 E LIME Street Lakeland, FL.
What is the asking price?
The asking price for this property is $829,900.
What are key features of this property?
This property features: Under construction two‑story duplex built in 2026; RB‑1 zoning on a 0.24‑acre lot; Each unit offers approx 1,808 heated SF with downstairs great room and dining
