Duplex With Existing
For Sale
$331,000
1053 / 1055 CAPTIVA Point, Lakeland, FL 33801
Residential Income, LAKELAND, FL
Property Size2,278 SF
Lot Size0.36 Acres
Price / SF$145.30
Days on Market180
Property Features for 1053 / 1055 CAPTIVA Point
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
PUD
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 2, Bathroom 2, Bathroom 4, Bedroom 1, Laundry Room, Bathroom 1
Pets allowed
Yes
Interior features
Ceiling Fans(s)
Exterior features
Lighting
Subdivision
SECRET COVE SUB
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, turn onto Captiva Point; the property is on the left.
Standard status
Active
APN
24-28-22-000000-021013
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 235.91 FT FOR POB RUN W 263.01 FT N 60 FT E 263.01 FT S 60 FT TO POB BEING LOT 61
Tax Annual Amount
4201
Legal Description
BEG SE COR NE1/4 OF SE1/4 RUN W 976.1 FT N 235.91 FT FOR POB RUN W 263.01 FT N 60 FT E 263.01 FT S 60 FT TO POB BEING LOT 61
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1979
Floors in Building
1
Number of units
2
Building materials
Brick, Concrete
Roof type
Shingle
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Brian Stephens · License #296027
(863) 647-8600
Added: Apr 20
Changed: Oct 16
Last Checked: Oct 16 at 9:06PM
MLS# L4961119
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 duplex contains 2,278 square feet on a 0.36-acre parcel, with both sides occupied by existing tenants. The property was built in 1979 and includes central heating, central air, ceiling fans, lighting, brick and concrete construction, and a shingle roof. A newer roof is among the recent improvements, while additional renovations remain available.
The property is located in Lakeland, Florida, with access to shopping, dining, and major highways. Downtown Lakeland is less than 10 miles away. The site is zoned PUD and is served by public water, public sewer, and available electricity.
The property is located in Lakeland, Florida, with access to shopping, dining, and major highways. Downtown Lakeland is less than 10 miles away. The site is zoned PUD and is served by public water, public sewer, and available electricity.
Key Highlights
- 2,278‑square‑foot duplex on 0.36 acres
- Both sides currently have tenants in place
- Newer shingle roof among recent improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,153
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,060
$483.1K
Cap Rate 7%
$345,043
$345.0K
Cap Rate 9%
$268,367
$268.4K
Market Conditions
NOI Build-Up for 2,278 SF
Gross rent
$36.9K $16.20/SF
− Vacancy
−$2.4K −$1.05/SF
EGI
$34.5K $15.15/SF
− OpEx
−$10.4K −$4.54/SF
NOI
$24.2K $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%
$483,060
Cap Rate 7%
$345,043
Cap Rate 9%
$268,367
Alternative Uses
Best Use
Multifamily LT 5
$345.0K
$301.9K – $402.6K
NOI $24,153 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$308.2K
$269.7K – $359.6K
NOI $21,577 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$547.4K
$479.0K – $638.7K
NOI $38,320 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
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
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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 units are occupied and served by central heating, central air, public water, and public sewer.
Where is this duplex located?
The property is located at 1053 / 1055 CAPTIVA Point Lakeland, FL.
What is the asking price?
The asking price for this property is $331,000.
What are key features of this property?
This property features: 2,278‑square‑foot duplex on 0.36 acres; Both sides currently have tenants in place; Newer shingle roof among recent improvements
