Duplex with Updated
For Sale
$331,000
1053 / 1055 CAPTIVA Point, Lakeland, FL 33801
MULTI_FAMILY - LAKELAND, FL
Property Size2,278 SF
Lot Size0.36 Acres
Price / SF$145.30
Days on Market103
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
Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 1, Laundry Room, Bedroom 3
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 #655038
(863) 647-8600
Added: Apr 20
Changed: Jul 31
Last Checked: Jul 31 at 10:06PM
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.
Investment Insights
Based on property information with market context.
Duplex at 1053/1055 Captiva Point in Lakeland, FL, offered as both sides in one investment. Built in 1979, the property totals 2,278 square feet and sits on a 0.36-acre lot. Construction is brick with concrete elements, with a shingle roof and central heating plus central air. Interior features include ceiling fans, and exterior lighting is listed. Public water and public sewer are available, and electricity is available. Tenants are already in place.
The property is located for convenient access to shopping, dining, and major highways, and it is less than 10 miles from downtown Lakeland.
For buyers who want immediate occupancy, this duplex provides a straightforward ownership path, with a newer roof already completed and the remaining opportunity focused on finishing renovations and value-add work over time.
The property is located for convenient access to shopping, dining, and major highways, and it is less than 10 miles from downtown Lakeland.
For buyers who want immediate occupancy, this duplex provides a straightforward ownership path, with a newer roof already completed and the remaining opportunity focused on finishing renovations and value-add work over time.
Key Highlights
- Tenants already in place, duplex both sides offered together
- Newer roof
- PUD zoning
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 7.30%
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.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-side duplex in PUD zoning with central HVAC and public water and sewer service.
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: Tenants already in place, duplex both sides offered together; Newer roof; PUD zoning
