Duplex With Fenced
For Sale
$283,800
Pending
1113 ROSELLE AVENUE, Lakeland, FL 33805
Two-unit rental property with dedicated parking and one unit undergoing renovation.
Property Size1,416 SF
Days on Market579
Property Features for 1113 ROSELLE AVENUE
General Information
Standard status
Pending
Size
1,416 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,051
Amenities
fenced backyard
Building Details
Year Built
1973
Listing Agency:
EXP REALTY LLC
(727) 677-8037
Listed By:
Gina McWilliams · License #3433255
(727) 677-8037
Source:
Exitrealty
Added: Jan 30, 2025
Changed: Aug 31
Last Checked: Aug 31 at 1:51PM
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
This 1,416-square-foot duplex, built in 1973, includes a two-bedroom, one-bath configuration, a fenced backyard, and designated parking serving each unit. One side is being remodeled to provide refreshed living space, while the other is leased through October 2025.
Located at 1113 Roselle Avenue in Lakeland, Florida, the property also has planned exterior improvements consisting of gray paint and new outdoor lighting. The layout combines existing rental occupancy with a unit in renovation, creating a two-unit residential income property with separate parking and outdoor space.
Located at 1113 Roselle Avenue in Lakeland, Florida, the property also has planned exterior improvements consisting of gray paint and new outdoor lighting. The layout combines existing rental occupancy with a unit in renovation, creating a two-unit residential income property with separate parking and outdoor space.
Key Highlights
- 1,416 SF duplex built in 1973
- Two‑bedroom, one‑bath configuration
- Fenced backyard included
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
$15,014
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
5.29%
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%
$300,280
$300.3K
Cap Rate 7%
$214,486
$214.5K
Cap Rate 9%
$166,822
$166.8K
Market Conditions
NOI Build-Up for 1,416 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
$22.9K $16.20/SF
− Vacancy
−$1.5K −$1.05/SF
EGI
$21.4K $15.15/SF
− OpEx
−$6.4K −$4.54/SF
NOI
$15.0K $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%
$300,280
Cap Rate 7%
$214,486
Cap Rate 9%
$166,822
Alternative Uses
Best Use
Multifamily LT 5
$214.5K
$187.7K – $250.2K
NOI $15,014 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$191.6K
$167.7K – $223.5K
NOI $13,412 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$340.3K
$297.7K – $397.0K
NOI $23,819 @ 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
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?
Duplex - Two-unit rental property with dedicated parking and one unit undergoing renovation.
Where is this duplex located?
The property is located at 1113 ROSELLE AVENUE Lakeland, FL.
What is the asking price?
The asking price for this property is $283,800.
What are key features of this property?
This property features: 1,416 SF duplex built in 1973; Two‑bedroom, one‑bath configuration; Fenced backyard included
