Four-Unit Duplex
New
For Sale
$565,000
905 S ORANGE, Bartow, FL 33830
Two duplex buildings offer spacious two-bedroom layouts, individual laundry rooms, equipped kitchens, and separate electric metering.
Property Size3,484 SF
Days on Market6
Property Features for 905 S ORANGE
General Information
Standard status
Active
Size
3,484 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$5,340
Building Details
Building Size
3,484 SF
Year Built
1974
Units
4
Listing Agency:
JULIE MATTHEWS GROUP LLC
Listed By:
Julie Matthews · License #525519
(863) 528-0037
Source:
Elliman
Added: Sep 14
Last Checked: Sep 18 at 8:12AM
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 JULIE MATTHEWS GROUP LLC
Investment Insights
Based on property information with market context.
This multifamily property at 905 S Orange in Bartow, Florida, includes two duplex buildings with four total units. Each residence is configured with two bedrooms and one bathroom, along with living and dining areas connected to an equipped kitchen. Individual laundry rooms serve every unit, and finishes include tile bathroom floors, tub-and-shower combinations, wood laminate, carpet, or vinyl flooring depending on the residence.
The property sits on a large 1/3+ acre lot with parking for residents and guests. Four electric meters allow each tenant to handle individual electric service, while each building has its own water meter. The roofs on both buildings are approximately 5 years old. Two units are vacant, one has a month-to-month tenant with at least 6 or 7 years of occupancy, and the remaining occupied unit is subject to a 1-year lease.
The property sits on a large 1/3+ acre lot with parking for residents and guests. Four electric meters allow each tenant to handle individual electric service, while each building has its own water meter. The roofs on both buildings are approximately 5 years old. Two units are vacant, one has a month-to-month tenant with at least 6 or 7 years of occupancy, and the remaining occupied unit is subject to a 1-year lease.
Key Highlights
- Four units across 2 duplex buildings
- Each unit includes 2BR/1BA, a private laundry room, and an equipped kitchen
- Large 1/3+ acre lot with resident and guest parking
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
$36,941
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
6.54%
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%
$738,820
$738.8K
Cap Rate 7%
$527,729
$527.7K
Cap Rate 9%
$410,456
$410.5K
Market Conditions
NOI Build-Up for 3,484 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
$56.4K $16.20/SF
− Vacancy
−$3.7K −$1.05/SF
EGI
$52.8K $15.15/SF
− OpEx
−$15.8K −$4.54/SF
NOI
$36.9K $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 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%
$738,820
Cap Rate 7%
$527,729
Cap Rate 9%
$410,456
Alternative Uses
Best Use
Multifamily LT 5
$527.7K
$461.8K – $615.7K
NOI $36,941 @ 7.0% cap · market cap 6.54%
Second Best
Apartment 5plus
$471.4K
$412.5K – $550.0K
NOI $33,000 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$837.2K
$732.6K – $976.8K
NOI $58,606 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
Explore this area
Business Placement
Demographics for 33830, FL
29,926
Population
11,989
Households
2.5
Avg Household Size
38
Median Age
18%
College-Educated
85%
High-School Grad
120.5 sq mi
ZIP Area
248
Density / Sq Mi
$62,636
Median Household Income
$37,078
Median Earnings
$1,017
Median Rent
$207,900
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 duplex buildings offer spacious two-bedroom layouts, individual laundry rooms, equipped kitchens, and separate electric metering.
Where is this duplex located?
The property is located at 905 S ORANGE Bartow, FL.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Four units across 2 duplex buildings; Each unit includes 2BR/1BA, a private laundry room, and an equipped kitchen; Large 1/3+ acre lot with resident and guest parking
