Concrete Block Duplex with Updated
For Sale
$250,000
1167 MEMORIAL Drive, Avon Park, FL 33825
MULTI_FAMILY - AVON PARK, FL
Property Size1,440 SF
Lot Size0.17 Acres
Price / SF$173.61
Days on Market17
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
Family Room, Bedroom 3, Laundry Room, Laundry Room, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 1
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
Active
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
Amenities
screened porches
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: Aug 8
Last Checked: Aug 11 at 9:06PM
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 concrete block duplex on a 0.17-acre lot is built with block and stucco and features central heat and central air. The roof was replaced in 2019, electrical systems were updated in 2020, and the property has fully updated AC units and ductwork. Interior updates include vinyl plank flooring throughout both units, ceiling fans, and contemporary kitchens with epoxy countertops and stainless steel appliances. Updated exterior screened porches, along with driveway and open parking, support an easy, low-maintenance tenant experience.
The property offers public utilities including public water and public sewer, with cable available. Rooms include bedrooms, bathrooms, family room space, and dedicated laundry room space. The home is positioned within zoning I2.
With a 1,440 SF property size and modernized key building systems, this duplex is set up for occupants while keeping near-term capital planning straightforward.
The property offers public utilities including public water and public sewer, with cable available. Rooms include bedrooms, bathrooms, family room space, and dedicated laundry room space. The home is positioned within zoning I2.
With a 1,440 SF property size and modernized key building systems, this duplex is set up for occupants while keeping near-term capital planning straightforward.
Key Highlights
- 0.17‑acre duplex lot with 1,440 SF of living space
- Roof replaced in 2019
- Electrical systems updated in 2020
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
5.20%
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 5.20%
Second Best
Apartment 5plus
$172.7K
$151.1K – $201.4K
NOI $12,086 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$299.6K
$262.1K – $349.5K
NOI $20,971 @ 7.0% cap · market cap 8.39%
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
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
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 - Concrete block duplex zoned I2 with central air, public water and sewer, and updated interior finishes.
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 $250,000.
What are key features of this property?
This property features: 0.17‑acre duplex lot with 1,440 SF of living space; Roof replaced in 2019; Electrical systems updated in 2020
