Updated Duplex with Screened
For Sale
$210,000
Pending
1167 MEMORIAL Drive, Avon Park, FL 33825
Residential, AVON PARK, FL
Property Size1,440 SF
Lot Size0.17 Acres
Days on Market62
Property Features for 1167 MEMORIAL Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
I2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Bedroom 1, Bathroom 1, Bedroom 4, Family Room, Bedroom 2, Bathroom 2, Bedroom 3, Laundry Room
Parking features
Driveway, Open
Patio and Porch features
Patio, Porch
Pets allowed
Yes
Interior features
Ceiling Fans(s), Kitchen/Family Room Combo
Exterior features
Sidewalk
Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Subdivision
SKIPPER & LANIER
Lot features
Sidewalk
Directions
From US 27 and West College Drive, Head East to Memorial Turn right on Memorial to Property on left.
Standard status
Pending
APN
A-26-33-28-120-0000-0020
Size
1,440 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SKIPPER + LANIER SUB PB 1 PG 12 N 1/2 OF E 1/2 OF LOT 2 LESS E 10 FT RD R/W
Tax Annual Amount
2351
Legal Description
SKIPPER + LANIER SUB PB 1 PG 12 N 1/2 OF E 1/2 OF LOT 2 LESS E 10 FT RD R/W
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1985
Floors in Building
2
Flooring type
Vinyl
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
DALTON WADE INC
(888) 668-8283
Listed By:
Edna Colon
(813) 766-4876
Added: Jul 26
Changed: Sep 12
Last Checked: Sep 25 at 1:06PM
MLS# TB8526085
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 1,440-square-foot duplex was built in 1985 with concrete-block and stucco construction. The property includes two residential units with vinyl flooring, family room and kitchen combinations, laundry rooms, and screened porch areas. Kitchens feature epoxy countertops and stainless steel appliances, while ceiling fans and central air support the interior spaces. The roof was replaced in 2019, and the electrical systems were updated in 2020; AC units and ductwork have also been updated.
The 0.17-acre parcel provides open driveway parking, a sidewalk, patio and porch areas, public water, and public sewer. Additional property features include a shingle roof, electric central heating, cable availability, and appliances including ranges, refrigerators, dishwashers, microwaves, washers, and dryers. Zoning is I2.
The 0.17-acre parcel provides open driveway parking, a sidewalk, patio and porch areas, public water, and public sewer. Additional property features include a shingle roof, electric central heating, cable availability, and appliances including ranges, refrigerators, dishwashers, microwaves, washers, and dryers. Zoning is I2.
Key Highlights
- Two‑unit duplex with 1,440 square feet of property area
- Concrete‑block and stucco construction on a 0.17‑acre parcel
- Roof replacement completed in 2019
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
$13,006
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
6.19%
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%
$260,120
$260.1K
Cap Rate 7%
$185,800
$185.8K
Cap Rate 9%
$144,511
$144.5K
Market Conditions
NOI Build-Up for 1,440 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
$19.9K $13.80/SF
− Vacancy
−$1.3K −$0.90/SF
EGI
$18.6K $12.90/SF
− OpEx
−$5.6K −$3.87/SF
NOI
$13.0K $9.03/SF
Area
Highlands County, FL
Vacancy
6.50%
Lease Rate
$13.80 /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%
$260,120
Cap Rate 7%
$185,800
Cap Rate 9%
$144,511
Alternative Uses
Best Use
Multifamily LT 5
$185.8K
$162.6K – $216.8K
NOI $13,006 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$172.7K
$151.1K – $201.4K
NOI $12,086 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$299.6K
$262.1K – $349.5K
NOI $20,971 @ 7.0% cap · market cap 9.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
85
Businesses Nearby
Explore this area
Business Placement
Demographics for 33825, FL
24,943
Population
12,519
Households
2
Avg Household Size
49
Median Age
13%
College-Educated
83%
High-School Grad
112.8 sq mi
ZIP Area
221
Density / Sq Mi
$46,604
Median Household Income
$32,352
Median Earnings
$902
Median Rent
$152,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Concrete-block duplex with renovated interiors, public utilities, driveway parking, and contemporary kitchen finishes across both units.
Where is this duplex located?
The property is located at 1167 MEMORIAL Drive Avon Park, FL.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,440 square feet of property area; Concrete‑block and stucco construction on a 0.17‑acre parcel; Roof replacement completed in 2019
