Renovated Two-Unit
For Sale
$530,000
1134-1136 GILMORE AVE, Lakeland, FL 33805
Each residence has three bedrooms, two bathrooms, laundry space, and central heating and air conditioning.
Property Size2,275 SF
Price / SF$232.97
Days on Market157
Property Features for 1134-1136 GILMORE AVE
General Information
Standard status
Active
Size
2,275 SF
Property subtype
Duplex
Site & Location
Neighborhood
John Cox
Highway Access
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,364
Building Details
Building Size
2,275 SF
Year Built
1988
Listing Agency:
IMPACT REALTY TAMPA BAY
Listed By:
Alex Caballero · License #3395367
(813) 321-1200
Source:
Cbaquaterrarealty
Added: May 26
Changed: Oct 27
Last Checked: Oct 27 at 4:06AM
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 IMPACT REALTY TAMPA BAY
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Lakeland duplex contains two residences with a combined area of approximately 2,275 square feet. Each unit has three bedrooms and two bathrooms, along with in-unit laundry space and central heating and air conditioning. Renovations include updated kitchens and bathrooms, new flooring, fresh interior paint, and contemporary finishes. The property was built in 1988.
The address is in Lakeland, with nearby access to I-4. Shopping, dining, parks, schools, and medical facilities are also identified in the surrounding area.
The address is in Lakeland, with nearby access to I-4. Shopping, dining, parks, schools, and medical facilities are also identified in the surrounding area.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- Approximately 2,275 total square feet
- Built in 1988
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,122
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,440
$482.4K
Cap Rate 7%
$344,600
$344.6K
Cap Rate 9%
$268,022
$268.0K
Market Conditions
NOI Build-Up for 2,275 SF
Gross rent
$36.9K $16.20/SF
− Vacancy
−$2.4K −$1.05/SF
EGI
$34.5K $15.15/SF
− OpEx
−$10.3K −$4.54/SF
NOI
$24.1K $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%
$482,440
Cap Rate 7%
$344,600
Cap Rate 9%
$268,022
Alternative Uses
Best Use
Multifamily LT 5
$344.6K
$301.5K – $402.0K
NOI $24,122 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$307.8K
$269.4K – $359.2K
NOI $21,549 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$546.7K
$478.4K – $637.8K
NOI $38,269 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,672
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, two bathrooms, laundry space, and central heating and air conditioning.
Where is this duplex located?
The property is located at 1134-1136 GILMORE AVE Lakeland, FL.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; Approximately 2,275 total square feet; Built in 1988
