Under-Construction
For Sale
$339,900
1060 E STANFORD Street, Bartow, FL 33830
Residential Income, BARTOW, FL
Property Size1,340 SF
Lot Size0.13 Acres
Price / SF$253.66
Days on Market51
Property Features for 1060 E STANFORD Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
R-2
Subdivision
MANNS G W SUB
Directions
From Main St, turn on onto LB Brown Ave, left on E Parker St, right on S 3rd Ave, left on E Stanford St
Standard status
Active
APN
25-30-05-383000-001100
Size
1,340 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MANNS G W SUB PB 3 PG 17 BLK 1 LOT 10
Tax Annual Amount
2530
Legal Description
MANNS G W SUB PB 3 PG 17 BLK 1 LOT 10
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1954
Building materials
Block, Frame
Roof type
Shingle
Listing Agency:
ALLSTATE REALTY SERVICES
Listed By:
Dwight Head · License #683808
(863) 965-0207
Added: Aug 14
Changed: Sep 12
Last Checked: Oct 3 at 5:06AM
MLS# P4939596
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 duplex contains two residential units, each arranged with two bedrooms and one bathroom. The 1,340-square-foot property is listed as under construction and includes block and frame construction, shingle roofing, central heating, electric heat, and central air conditioning. Separate electric meters serve the units.
The property occupies 0.13 acres in Bartow, Florida, with public water and public sewer service. It is identified as R-2 zoning and carries a 1954 year-built designation. The configuration provides a straightforward two-unit residential income format with individually metered electrical service.
The property occupies 0.13 acres in Bartow, Florida, with public water and public sewer service. It is identified as R-2 zoning and carries a 1954 year-built designation. The configuration provides a straightforward two-unit residential income format with individually metered electrical service.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bath per unit
- 1,340 square feet on a 0.13‑acre lot
- Separate electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,208
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$284,160
$284.2K
Cap Rate 7%
$202,971
$203.0K
Cap Rate 9%
$157,867
$157.9K
Market Conditions
NOI Build-Up for 1,340 SF
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.
Gross rent
$21.7K $16.20/SF
− Vacancy
−$1.4K −$1.05/SF
EGI
$20.3K $15.15/SF
− OpEx
−$6.1K −$4.54/SF
NOI
$14.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$284,160
Cap Rate 7%
$202,971
Cap Rate 9%
$157,867
Alternative Uses
Best Use
Multifamily LT 5
$203.0K
$177.6K – $236.8K
NOI $14,208 @ 7.0% cap · market cap 4.18%
Second Best
Apartment 5plus
$181.3K
$158.7K – $211.5K
NOI $12,692 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$322.0K
$281.8K – $375.7K
NOI $22,541 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
777
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature separate electric metering and central air conditioning.
Where is this duplex located?
The property is located at 1060 E STANFORD Street Bartow, FL.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bath per unit; 1,340 square feet on a 0.13‑acre lot; Separate electric meters for each unit
