Furnished Duplex with Detached
For Sale
$329,900
113 AVENUE C SE, Winter Haven, FL 33880
Two updated residences offer flexible income and multigenerational living near downtown Winter Haven.
Property Size1,392 SF
Days on Market64
Property Features for 113 AVENUE C SE
General Information
Standard status
Active
Size
1,392 SF
Property subtype
Residential Income
Zoning
R-3
Lease Term
Twelve Months
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Furnished
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$2,262
Building Details
Building Size
1,392 SF
Year Built
1950
Buildings
2
Stories
1
Listing Agency:
LPT REALTY, LLC
(646) 673-3900
Listed By:
Nomar Rosa
(646) 673-3900
Source:
Mbifloridarealty
Added: Jun 29
Changed: Aug 30
Last Checked: Aug 30 at 5:45PM
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 LPT REALTY, LLC
Investment Insights
Based on property information with market context.
This furnished duplex property combines a 3-bedroom, 1-bath main residence with a detached 1-bedroom, 1-bath in-law suite. The primary home is currently operated as an Airbnb, while the separate rear unit has its own entrance, address, and alley access. Both spaces have been updated, with roof and air-conditioning replacements completed within the last 3 years. Original hardwood flooring adds character to the main home, while the suite features wood-look tile. Built in 1950, the property includes 1,392 square feet and has been well maintained.
Located at 113 Avenue C SE in Winter Haven, the property is within a short walk of downtown restaurants, breweries, coffee shops, farmers markets, and community events. LEGOLAND Florida Resort is approximately 10 minutes away, with Walt Disney World, Orlando International Airport, and Tampa International Airport also accessible by car.
Located at 113 Avenue C SE in Winter Haven, the property is within a short walk of downtown restaurants, breweries, coffee shops, farmers markets, and community events. LEGOLAND Florida Resort is approximately 10 minutes away, with Walt Disney World, Orlando International Airport, and Tampa International Airport also accessible by car.
Key Highlights
- 3‑bedroom, 1‑bath main residence paired with a detached 1‑bedroom, 1‑bath suite
- Main home currently operates as an Airbnb; rear unit is separately rented
- Detached suite includes a private entrance, separate address, and alley access
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
$14,759
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
4.47%
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%
$295,180
$295.2K
Cap Rate 7%
$210,843
$210.8K
Cap Rate 9%
$163,989
$164.0K
Market Conditions
NOI Build-Up for 1,392 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
$22.6K $16.20/SF
− Vacancy
−$1.5K −$1.05/SF
EGI
$21.1K $15.15/SF
− OpEx
−$6.3K −$4.54/SF
NOI
$14.8K $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%
$295,180
Cap Rate 7%
$210,843
Cap Rate 9%
$163,989
Alternative Uses
Best Use
Multifamily LT 5
$210.8K
$184.5K – $246.0K
NOI $14,759 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$188.4K
$164.8K – $219.8K
NOI $13,185 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$334.5K
$292.7K – $390.3K
NOI $23,416 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,756
Businesses Nearby
Explore this area
Business Placement
Demographics for 33880, FL
42,005
Population
17,055
Households
2.5
Avg Household Size
38
Median Age
17%
College-Educated
84%
High-School Grad
32.4 sq mi
ZIP Area
1,296
Density / Sq Mi
$56,803
Median Household Income
$35,051
Median Earnings
$1,128
Median Rent
$200,900
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 - Two updated residences offer flexible income and multigenerational living near downtown Winter Haven.
Where is this duplex located?
The property is located at 113 AVENUE C SE Winter Haven, FL.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: 3‑bedroom, 1‑bath main residence paired with a detached 1‑bedroom, 1‑bath suite; Main home currently operates as an Airbnb; rear unit is separately rented; Detached suite includes a private entrance, separate address, and alley access
