Two-Unit Duplex with Tile
For Sale
$390,000
1040 Austin St, Bartow, FL 33830
Both residences offer tile flooring and dedicated indoor laundry areas.
Property Size2,450 SF
Price / SF$159.18
Days on Market241
Property Features for 1040 Austin St
General Information
Standard status
Active
Size
2,450 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,712
Amenities
inside laundry
Building Details
Buildings
1
Listing Agency:
KELLER WILLIAMS REALTY SMART
(863) 577-1234
Listed By:
Casandra Vann · License #3078575
(863) 546-5446
Source:
Exprealty
Added: Feb 17
Changed: Oct 6
Last Checked: Oct 16 at 11:03AM
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 KELLER WILLIAMS REALTY SMART
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Investment Insights
Based on property information with market context.
This 2,450-square-foot duplex contains two residences, each arranged with 3 bedrooms and 2 bathrooms. Tile flooring runs throughout both units, and each residence includes an indoor laundry area, providing consistent features across the property.
The property is located in Bartow with access to shopping, dining, and major roadways. An additional duplex at 1060 W Austin is also offered for sale, creating the possibility of acquiring four units across the two properties.
The property is located in Bartow with access to shopping, dining, and major roadways. An additional duplex at 1060 W Austin is also offered for sale, creating the possibility of acquiring four units across the two properties.
Key Highlights
- 2,450‑square‑foot duplex with two residential units
- Each unit includes 3 bedrooms and 2 bathrooms
- Tile flooring throughout both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,977
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,540
$519.5K
Cap Rate 7%
$371,100
$371.1K
Cap Rate 9%
$288,633
$288.6K
Market Conditions
NOI Build-Up for 2,450 SF
Gross rent
$39.7K $16.20/SF
− Vacancy
−$2.6K −$1.05/SF
EGI
$37.1K $15.15/SF
− OpEx
−$11.1K −$4.54/SF
NOI
$26.0K $10.60/SF
Area
Polk County, 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%
$519,540
Cap Rate 7%
$371,100
Cap Rate 9%
$288,633
Alternative Uses
Best Use
Multifamily LT 5
$371.1K
$324.7K – $433.0K
NOI $25,977 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$331.5K
$290.1K – $386.8K
NOI $23,206 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$588.8K
$515.2K – $686.9K
NOI $41,213 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
Explore this area
Business Placement
Demographics for 33830, FL
29,926
Population
11,989
Households
2.5
Avg Household Size
38
Median Age
18%
College-Educated
85%
High-School Grad
120.5 sq mi
ZIP Area
248
Density / Sq Mi
$62,636
Median Household Income
$37,078
Median Earnings
$1,017
Median Rent
$207,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer tile flooring and dedicated indoor laundry areas.
Where is this duplex located?
The property is located at 1040 Austin St Bartow, FL.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 2,450‑square‑foot duplex with two residential units; Each unit includes 3 bedrooms and 2 bathrooms; Tile flooring throughout both units
