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    Lakeland Quadruplex Investment Opportunity Title is generated by Realmo AI

    1201 BUDDWOOD Rd, Lakeland, FL 33801

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    For Sale
    $550,000

    Updated quadruplex in Lakeland with income and growth potential.

    Type:Investment
    Property size:
    3,364 SF
    Lot size:
    0.38 Acres
    Price / SF:
    $163/SF
    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

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    Listing Contact
    Tyler Gibson LLC

    Listing agent Tyler Gibson LLC

    Listing office

    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

    Located at 1201 Buddwood Rd in Lakeland, this quadruplex presents an investment opportunity with approximately 3,364 square feet of total living area. The property, built in 1976 and updated in 2021, sits on a 16,679 square foot lot (0.38 acres). It features four units, three of which are currently occupied, offering immediate income with potential for increased revenue. Each unit has a practical floor plan, private entrances, natural light, and efficient living spaces. The configuration is designed to support consistent occupancy and straightforward management, making it suitable for both experienced and entry-level investors. Opportunities exist to increase revenue through lease adjustments, interior improvements, or stabilization of the remaining unit. The property is located in an established area of Lakeland with convenient access to Highway 98 and surrounding roadways, providing connectivity to employment centers, shopping, dining, and everyday services. The location supports steady rental demand and long-term tenant retention. This asset provides a strong foundation for cash flow with value-add potential and is suitable for investors seeking to expand a portfolio or acquire a multi-unit property with in-place income, operational stability, and future growth opportunity. Note that this property cannot be used as a child-care facility.

    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
    3,364 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $509.5K
    $445.9K – $594.5K (±1% cap)
    NOI $35,668 @ 7.0% cap · market cap 6.49%
    Second Best
    Apartment 5plus
    $455.2K
    $398.3K – $531.1K (±1% cap)
    NOI $31,864 @ 7.0% cap · market cap 5.79%
    Theoretical Best
    Office A
    $808.4K
    $707.4K – $943.1K (±1% cap)
    NOI $56,588 @ 7.0% cap · market cap 10.29%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -81.9400709
    Latitude
    28.053043

    FAQs

    What type of property is this?
    Quadplex - Updated quadruplex in Lakeland with income and growth potential.
    Where is this quadplex located?
    The property is located at 1201 BUDDWOOD Rd Lakeland, FL.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: 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.
    More about this property
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