Two-Unit Concrete
For Sale
$549,999
1111 / 1113 JEWEL AVE, Lakeland, FL 33805
The newly built property has no HOA and offers a two-story configuration.
Property Size3,778 SF
Price / SF$145.58
Days on Market64
Property Features for 1111 / 1113 JEWEL AVE
General Information
Standard status
Active
Size
3,778 SF
Property subtype
Duplex
Site & Location
Neighborhood
Gladys Leggett
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$367
Building Details
Building Size
3,778 SF
Year Built
2026
Buildings
1
Stories
2
Construction
concrete block
Listing Agency:
HARPER REALTY FL, LLC
Listed By:
Greg McSwain · License #3242009
(863) 687-8020
Source:
Cbaquaterrarealty
Added: Aug 27
Changed: Oct 26
Last Checked: Oct 26 at 3:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HARPER REALTY FL, LLC
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Investment Insights
Based on property information with market context.
This 3,778 SF duplex in Lakeland contains two units across two stories. Concrete block construction and a 2026 build date are reported for the property, which is described as newly completed. The units have kitchens and bedrooms, with layouts intended for separate household use.
Shopping, dining, schools, and medical facilities are nearby, with access to major commuter routes. The property has no HOA.
Shopping, dining, schools, and medical facilities are nearby, with access to major commuter routes. The property has no HOA.
Key Highlights
- Two‑unit duplex with 3,778 SF
- Two‑story concrete block construction
- Built in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,058
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$801,160
$801.2K
Cap Rate 7%
$572,257
$572.3K
Cap Rate 9%
$445,089
$445.1K
Market Conditions
NOI Build-Up for 3,778 SF
Gross rent
$61.2K $16.20/SF
− Vacancy
−$4.0K −$1.05/SF
EGI
$57.2K $15.15/SF
− OpEx
−$17.2K −$4.54/SF
NOI
$40.1K $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%
$801,160
Cap Rate 7%
$572,257
Cap Rate 9%
$445,089
Alternative Uses
Best Use
Multifamily LT 5
$572.3K
$500.7K – $667.6K
NOI $40,058 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$511.2K
$447.3K – $596.4K
NOI $35,785 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$907.9K
$794.4K – $1.06M
NOI $63,552 @ 7.0% cap · market cap 11.55%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
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Business Placement
Demographics for 33805, FL
26,954
Population
11,908
Households
2.3
Avg Household Size
36
Median Age
17%
College-Educated
82%
High-School Grad
26.0 sq mi
ZIP Area
1,037
Density / Sq Mi
$55,565
Median Household Income
$35,077
Median Earnings
$1,179
Median Rent
$173,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The newly built property has no HOA and offers a two-story configuration.
Where is this duplex located?
The property is located at 1111 / 1113 JEWEL AVE Lakeland, FL.
What is the asking price?
The asking price for this property is $549,999.
What are key features of this property?
This property features: Two‑unit duplex with 3,778 SF; Two‑story concrete block construction; Built in 2026
