Two-Unit Duplex with Separate
New
For Sale
$339,900
1060 E STANFORD Street, Bartow, FL 33830
MULTI_FAMILY - BARTOW, FL
Property Size1,340 SF
Lot Size0.13 Acres
Price / SF$253.66
Days on Market3
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
Amenities
Separate electric meters
Building Details
Year built
1954
Building materials
Block, Frame
Roof type
Shingle
Listing Agency:
ALLSTATE REALTY SERVICES
(863) 965-0207
Listed By:
Dwight Head · License #683808
(863) 965-0207
Added: Aug 14
Last Checked: Aug 16 at 1:06PM
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 is under construction and contains two residential units, each with 2 bedrooms and 1 bath. The 1,340-square-foot property has separate electric meters for the units, block and frame construction, a shingle roof, central heating, and central air conditioning. Public water and public sewer serve the property.
The property occupies 0.13 acres at 1060 E STANFORD Street in Bartow, Florida. It is zoned R-2 and was originally built in 1954.
The property occupies 0.13 acres at 1060 E STANFORD Street in Bartow, Florida. It is zoned R-2 and was originally built in 1954.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bath per unit
- Separate electric meters for each unit
- 1,340 square feet on 0.13 acres
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
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
820
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
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 - Duplex under construction with two-bedroom units, individual electric metering, central HVAC, and public utilities.
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; Separate electric meters for each unit; 1,340 square feet on 0.13 acres
