Renovated Quadruplex with Corner
For Sale
$595,000
Pending
1102 ROSELLE Ave, Lakeland, FL 33805
Renovated 2026 quadruplex on an oversized corner parcel, with three units leased and shared laundry layouts.
Property Size3,948 SF
Days on Market56
Property Features for 1102 ROSELLE Ave
General Information
Standard status
Pending
Size
3,948 SF
Property subtype
Investment
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$7,766
Building Details
Building Size
3,948 SF
Year Built
1973
Year Renovated
2026
Listing Agency:
(321) 271-7239
Listed By:
Jean Cidel · License #3309136
(321) 271-7239
Source:
Elliman
Added: Jun 19
Changed: Aug 8
Last Checked: Jul 23 at 5:11AM
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 Jean Cidel
Investment Insights
Based on property information with market context.
This renovated quadruplex offers a consistent open floorplan layout across all four units, each including a dedicated laundry room. Recent improvements include brand-new roofs, newly renovated kitchens, new water heaters, and re-piped plumbing completed in 2026. Electrical upgrades were also handled in 2024 with replacement of all four electrical panels. In addition, three of the four HVAC systems were replaced in 2024. The property sits on one oversized corner parcel.
Three of the four units are currently on 12-month leases, supporting an income-oriented setup. The fourth unit is vacant and is being used for showing arrangements. The location is described as minutes from downtown, shopping centers, schools, medical centers, and major highways.
The layout and renovation scope can suit an owner-occupant who wants to live in one unit while leasing the remaining three, or a buyer seeking a four-unit residential income property. With updates to major systems and a uniform unit design, this is positioned for straightforward leasing and day-to-day operations. Interested parties should confirm lease details and showing availability directly with the listing agent.
Three of the four units are currently on 12-month leases, supporting an income-oriented setup. The fourth unit is vacant and is being used for showing arrangements. The location is described as minutes from downtown, shopping centers, schools, medical centers, and major highways.
The layout and renovation scope can suit an owner-occupant who wants to live in one unit while leasing the remaining three, or a buyer seeking a four-unit residential income property. With updates to major systems and a uniform unit design, this is positioned for straightforward leasing and day-to-day operations. Interested parties should confirm lease details and showing availability directly with the listing agent.
Key Highlights
- Renovated 1973 quadplex on an oversized corner parcel with shared open floorplan layouts across all units
- Renovated in 2026 with brand‑new roof, kitchens, water heaters, and re‑piped plumbing
- Electrical panels replaced in 2024 (all 4 units)
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
$41,860
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
7.04%
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%
$837,200
$837.2K
Cap Rate 7%
$598,000
$598.0K
Cap Rate 9%
$465,111
$465.1K
Market Conditions
NOI Build-Up for 3,948 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
$64.0K $16.20/SF
− Vacancy
−$4.2K −$1.05/SF
EGI
$59.8K $15.15/SF
− OpEx
−$17.9K −$4.54/SF
NOI
$41.9K $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 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%
$837,200
Cap Rate 7%
$598,000
Cap Rate 9%
$465,111
Alternative Uses
Best Use
Multifamily LT 5
$598.0K
$523.3K – $697.7K
NOI $41,860 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$534.2K
$467.4K – $623.3K
NOI $37,395 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$948.7K
$830.2K – $1.11M
NOI $66,412 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
356
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Renovated 2026 quadruplex on an oversized corner parcel, with three units leased and shared laundry layouts.
Where is this quadplex located?
The property is located at 1102 ROSELLE Ave Lakeland, FL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Renovated 1973 quadplex on an oversized corner parcel with shared open floorplan layouts across all units; Renovated in 2026 with brand‑new roof, kitchens, water heaters, and re‑piped plumbing; Electrical panels replaced in 2024 (all 4 units)
