Four-Unit Multifamily
For Sale
$625,000
Pending
594 HATFIELD ROAD, Winter Haven, FL 33880
Fully occupied two-building property with separately metered utilities and a three-bedroom, one-bath layout in every unit.
Property Size2,030 SF
Lot Size0.42 Acres
Days on Market552
Property Features for 594 HATFIELD ROAD
General Information
Standard status
Pending
Size
2,030 SF
Lot size
0.42 Acres
Property subtype
Multi Family
Occupancy
100%
Site & Location
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
4 x 3BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,458
Building Details
Year Built
1989
Buildings
2
Listing Agency:
PMI ARRICO REALTY AND PRTP MGT
(863) 606-1094
Listed By:
Leann Bandy · License #3405636
(863) 214-8247
Source:
Exitrealty
Added: Apr 18, 2025
Changed: Oct 10
Last Checked: Oct 9 at 7:09PM
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 PMI ARRICO REALTY AND PRTP MGT
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Investment Insights
Based on property information with market context.
This fully occupied multifamily property comprises four residential units arranged across two buildings constructed in 1989. Each unit includes three bedrooms and one bathroom, providing a consistent configuration throughout the property. The buildings contain 2,030 heated square feet and 4,060 total square feet.
Electricity and water are separately metered for each unit. The property occupies a 0.42-acre corner lot at 594 Hatfield Road in Winter Haven, Florida, with access to public transportation, major roads, and nearby shopping.
Electricity and water are separately metered for each unit. The property occupies a 0.42-acre corner lot at 594 Hatfield Road in Winter Haven, Florida, with access to public transportation, major roads, and nearby shopping.
Key Highlights
- Four units, each with three bedrooms and one bathroom
- Two buildings constructed in 1989
- 2,030 heated square feet and 4,060 total square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,524
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,480
$430.5K
Cap Rate 7%
$307,486
$307.5K
Cap Rate 9%
$239,156
$239.2K
Market Conditions
NOI Build-Up for 2,030 SF
Gross rent
$32.9K $16.20/SF
− Vacancy
−$2.1K −$1.05/SF
EGI
$30.7K $15.15/SF
− OpEx
−$9.2K −$4.54/SF
NOI
$21.5K $10.60/SF
Area
Polk County, 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 Rate 5%
$430,480
Cap Rate 7%
$307,486
Cap Rate 9%
$239,156
Alternative Uses
Best Use
Multifamily LT 5
$307.5K
$269.1K – $358.7K
NOI $21,524 @ 7.0% cap · market cap 3.44%
Second Best
Apartment 5plus
$274.7K
$240.4K – $320.5K
NOI $19,228 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$487.8K
$426.9K – $569.1K
NOI $34,148 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
100%
Occupancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
Explore this area
Business Placement
Demographics for 33880, FL
42,005
Population
17,055
Households
2.5
Avg Household Size
38
Median Age
17%
College-Educated
84%
High-School Grad
32.4 sq mi
ZIP Area
1,296
Density / Sq Mi
$56,803
Median Household Income
$35,051
Median Earnings
$1,128
Median Rent
$200,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied two-building property with separately metered utilities and a three-bedroom, one-bath layout in every unit.
Where is this quadplex located?
The property is located at 594 HATFIELD ROAD Winter Haven, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Four units, each with three bedrooms and one bathroom; Two buildings constructed in 1989; 2,030 heated square feet and 4,060 total square feet
