Duplex with Detached In-Law
For Sale
$324,900
113 AVENUE C SE, Winter Haven, FL 33880
Residential Income, WINTER HAVEN, FL
Property Size1,392 SF
Lot Size0.13 Acres
Price / SF$233.41
Days on Market69
Property Features for 113 AVENUE C SE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-3
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bathroom 1
Patio and Porch features
Porch
Interior features
Ceiling Fans(s)
Exterior features
Fence, Private Entrance, Sidewalk
Fencing
Fenced
Appliances
Range, Refrigerator
Subdivision
HAVEN TERRACE
Elementary school
John Snively Elem
Middle school
Denison Middle
High school
Winter Haven Senior
Directions
Left on 1st street to Ave C and on the corner
Standard status
Active
APN
26-28-28-607000-002160
Size
1,392 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HAVEN TERRACE PB 13 PG 26 BLK 2 LOT 16
Tax Annual Amount
2262
Legal Description
HAVEN TERRACE PB 13 PG 26 BLK 2 LOT 16
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1950
Floors in Building
1
Flooring type
Wood, Vinyl
Building materials
Frame
Roof type
Shingle
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Nomar Rosa · License #3375671
(646) 673-3900
Added: Jun 29
Changed: Sep 4
Last Checked: Sep 5 at 2:06PM
MLS# O6420854
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 R-3 property combines a 3-bedroom, 1-bath main residence with a detached 1-bedroom, 1-bath in-law suite on one parcel. The rear unit has its own entrance, separate address, and alley access, while both dwellings are furnished and updated. Original hardwood flooring remains in the front home, and the suite includes wood-look tile. The property also offers a porch, fencing, public water, public sewer, central heating, and central air. Roofs and air-conditioning systems were replaced within the last 3-5 years.
Built in 1950, the property is located at 113 Avenue C SE in Winter Haven, with the detached suite addressed at 258 1st St S. Downtown Winter Haven is within a short walk, providing access to restaurants, breweries, coffee shops, farmers markets, and community events. LEGOLAND Florida Resort is approximately 10 minutes away, while Walt Disney World, Orlando International Airport, and Tampa International Airport are approximately 45-60 minutes, 50-60 minutes, and about 1 hour away, respectively.
Built in 1950, the property is located at 113 Avenue C SE in Winter Haven, with the detached suite addressed at 258 1st St S. Downtown Winter Haven is within a short walk, providing access to restaurants, breweries, coffee shops, farmers markets, and community events. LEGOLAND Florida Resort is approximately 10 minutes away, while Walt Disney World, Orlando International Airport, and Tampa International Airport are approximately 45-60 minutes, 50-60 minutes, and about 1 hour away, respectively.
Key Highlights
- Two dwellings on a single 0.13‑acre parcel
- 3‑bedroom, 1‑bath main home plus detached 1‑bedroom, 1‑bath suite
- 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
4.54%
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 4.54%
Second Best
Apartment 5plus
$188.4K
$164.8K – $219.8K
NOI $13,185 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$334.5K
$292.7K – $390.3K
NOI $23,416 @ 7.0% cap · market cap 7.21%
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
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 - Furnished two-dwelling property with separate access, updated systems, and flexible residential income potential.
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 $324,900.
What are key features of this property?
This property features: Two dwellings on a single 0.13‑acre parcel; 3‑bedroom, 1‑bath main home plus detached 1‑bedroom, 1‑bath suite; Detached suite includes a private entrance, separate address, and alley access
