1201 BUDDWOOD Rd, Lakeland, FL 33801
Updated quadruplex in Lakeland with income and growth potential.
- Added:
- Apr 24, 2026
- Days on Market:
- 53
- Last Refresh:
- Apr 24 at 3:54 pm
Property Features for 1201 BUDDWOOD Rd
General Information
- Standard status
- Active
- Size
- 3,364 SF
- Lot size
- 0.38 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1976
Listing agent Tyler Gibson LLC (407) 590-9858
Listing office (407) 590-9858
Listing date Apr 24, 2026
Source Elliman
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 Tyler Gibson LLC
HighLights
- Quadruplex investment property with immediate income from three occupied units.
- Updated in 2021, offering a blend of established structure and modern appeal.
- Value‑add potential through lease adjustments, interior improvements, and stabilization of the vacant unit.
- Located in an established Lakeland area with convenient access to Highway 98, shopping, and employment centers.
- Functional layout with private entrances, natural light, and efficient living spaces in each unit.
- Large 0.38 acre lot (16,679 sq ft) providing ample space and potential.
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.5k | $16.20 |
| − Vacancy | −$3.5k | −$1.05 |
| EGI | $51.0k | $15.15 |
| − OpEx | −$15.3k | −$4.54 |
| NOI | $35.7k | $10.60 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lakeland
- County
- Polk
- State
- Florida
- Longitude
- -81.9400709
- Latitude
- 28.053043