Duplex with Central
For Sale
$303,900
1047 / 1049 CAPTIVA Point, Lakeland, FL 33801
MULTI_FAMILY - LAKELAND, FL
Property Size2,278 SF
Lot Size0.36 Acres
Price / SF$133.41
Days on Market106
Property Features for 1047 / 1049 CAPTIVA Point
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RES
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 3
Pets allowed
Yes
Exterior features
Lighting
Appliances
Range
Subdivision
SECRET COVE SUB
View
Lake
Elementary school
Clarence Boswell Elem
Middle school
Crystal Lake Middle/Jun
High school
Tenoroc Senior
Directions
From Highway 92 (Memorial Blvd): Head south on Reynolds Road. Turn right (west) onto Ned Engle Boulevard near the Food Mart. Turn right onto Pirates Way. Turn left onto Buccaneer Drive, proceed onto Captiva Point, the property is on the left.
Standard status
Active
APN
24-28-22-000000-021096
Size
2,278 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG SE COR NE1/4 OF SE1/4 RUN W 976.1 FT N 295.91 FT FOR POB RUN W 263.01 FT N 60 FT E 263.01 FT S 60 FT TO POB BEING LOT 62 OF UNRE SECRET COVE
Tax Annual Amount
4007
Legal Description
BEG SE COR NE1/4 OF SE1/4 RUN W 976.1 FT N 295.91 FT FOR POB RUN W 263.01 FT N 60 FT E 263.01 FT S 60 FT TO POB BEING LOT 62 OF UNRE SECRET COVE
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1979
Number of units
2
Building materials
Block, Concrete
Roof type
Shingle
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Brian Stephens · License #655038
(863) 647-8600
Added: Apr 17
Changed: Jul 31
Last Checked: Jul 31 at 10:06PM
MLS# L4961126
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 vacant duplex, offered as 1047/1049 Captiva Point, is a full rehab opportunity with both sides ready for renovation. The property is built with block and concrete construction and includes central heating and central air. Interior features include multiple bedrooms and bathrooms, along with a range in the unit.
The lot size is 0.36 acres, with a total property size of 2,278 square feet. Public water and public sewer are available, and cable is available for service. The roof is shingle, and the property was built in 1979. Exterior features include lighting.
With the structure already in place and utilities available, this duplex is positioned for an investor or contractor-led renovation plan to reintroduce the asset to the rental market or support a resale after improvements.
The lot size is 0.36 acres, with a total property size of 2,278 square feet. Public water and public sewer are available, and cable is available for service. The roof is shingle, and the property was built in 1979. Exterior features include lighting.
With the structure already in place and utilities available, this duplex is positioned for an investor or contractor-led renovation plan to reintroduce the asset to the rental market or support a resale after improvements.
Key Highlights
- Duplex ready for full renovation, vacant on both sides
- 0.36‑acre lot with 2,278 SF total area
- Built in 1979 with block and concrete construction
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 | $36.9k | $16.20 |
| − Vacancy | −$2.4k | −$1.05 |
| EGI | $34.5k | $15.15 |
| − OpEx | −$10.4k | −$4.54 |
| NOI | $24.2k | $10.60 |
2,278 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$345.0K
$301.9K – $402.6K
NOI $24,153 @ 7.0% cap · market cap 7.95%
Second Best
Apartment 5plus
$308.2K
$269.7K – $359.6K
NOI $21,577 @ 7.0% cap · market cap 7.10%
Theoretical Best
Office A
$547.4K
$479.0K – $638.7K
NOI $38,320 @ 7.0% cap · market cap 12.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
87
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 - Vacant duplex ready for full renovation, featuring central air, public utilities, and block construction.
Where is this duplex located?
The property is located at 1047 / 1049 CAPTIVA Point Lakeland, FL.
What is the asking price?
The asking price for this property is $303,900.
What are key features of this property?
This property features: Duplex ready for full renovation, vacant on both sides; 0.36‑acre lot with 2,278 SF total area; Built in 1979 with block and concrete construction
