Manufactured Home Triplex with
For Sale
$240,000
1549 ADAIR ROAD, Davenport, FL 33837
Three tenant-occupied one-bedroom areas include two within the main home and a detached rear living area.
Property Size1,064 SF
Price / SF$225.56
Days on Market49
Property Features for 1549 ADAIR ROAD
General Information
Standard status
Active
Size
1,064 SF
Property subtype
Triplex
Occupancy
100%
Units
Unit Mix
3 x 1BR/1BA
Multifamily Units
3
Amenities
0.27 acres
Metal
Public Sewer
Additional parcels description:, Parcel Number: 27-27-11-734500-042110, Public Survey Range: 27, Public Survey Section: 11, Annual Amount: $1,481.79, Tax Book Number: 3-60, Legal Description: FLA DEVELOPMENT CO SUB PB 3 PG 60 TO 63 LOT 21 N 190 FT OF W 75 FT OF E 130.60 FT IN SW1/4 BEING LOTS C-17 & PT OF C-18 OF UNREC SURVEY LESS RD R/W PER MB 4 PG 275-276, Lot: 21, Year: 2025
Vinyl
Gross Income: $45,900
Wall/Window Unit(s)
Electric
Inside, Outside
Listing ID: MFRS5156971, Standard Status: Active, MLS Status: Active, Property Subtype: Triplex, On market as of 2026-09-04, 1 day on market, Special Conditions: None
3 total bedrooms
Built in 1989, Living area: 1064, Living area units: Square Feet, Levels: One, Construction Materials: Vinyl Siding
Subdivision: FLA DEV CO SUB, MLS Area (Major): 33837 - Davenport, County/Parish: Polk
Completed
3 total bathrooms
Cable Available, Water Source: Public
Road Surface: Concrete
Fence, Private Yard
Ninguno
Dryer, Washer, Other equipment: Private Yard
Building Details
Year Built
1989
Buildings
2
Tenancy
Multi
Listing Agency:
EXP REALTY LLC
(407) 846-0940
Listed By:
Coach Will Fonseca · License #3293632
(407) 641-6782
Source:
Miharaandassociates
Added: Sep 4
Changed: Oct 21
Last Checked: Oct 20 at 9:49PM
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
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Investment Insights
Based on property information with market context.
This 1989 manufactured home property is configured as a triplex with three separate one-bedroom, one-bath rental areas. Two living areas are contained within the main residence, while a detached ADU at the rear provides the third unit. All three areas are currently tenant occupied, creating a multi-unit residential layout on one property.
The property is located at 1549 Adair in Davenport, Florida, with access to major roadways, shopping, employment centers, and Central Florida attractions. The location is rated 25 for bikeability and 2 for walkability, indicating that daily travel is primarily car-dependent. Showings are available by appointment, and the property is tenant occupied.
The property is located at 1549 Adair in Davenport, Florida, with access to major roadways, shopping, employment centers, and Central Florida attractions. The location is rated 25 for bikeability and 2 for walkability, indicating that daily travel is primarily car-dependent. Showings are available by appointment, and the property is tenant occupied.
Key Highlights
- Three separate one‑bedroom, one‑bath rental areas
- Two units configured within the main manufactured home
- Detached one‑bedroom, one‑bath ADU at the rear
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,281
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,620
$225.6K
Cap Rate 7%
$161,157
$161.2K
Cap Rate 9%
$125,344
$125.3K
Market Conditions
NOI Build-Up for 1,064 SF
Gross rent
$17.2K $16.20/SF
− Vacancy
−$1.1K −$1.05/SF
EGI
$16.1K $15.15/SF
− OpEx
−$4.8K −$4.54/SF
NOI
$11.3K $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%
$225,620
Cap Rate 7%
$161,157
Cap Rate 9%
$125,344
Alternative Uses
Best Use
Multifamily LT 5
$161.2K
$141.0K – $188.0K
NOI $11,281 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$144.0K
$126.0K – $168.0K
NOI $10,078 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$255.7K
$223.7K – $298.3K
NOI $17,898 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
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Business Placement
Demographics for 33837, FL
36,302
Population
19,082
Households
1.9
Avg Household Size
40
Median Age
27%
College-Educated
90%
High-School Grad
51.3 sq mi
ZIP Area
708
Density / Sq Mi
$75,861
Median Household Income
$39,246
Median Earnings
$1,739
Median Rent
$297,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three tenant-occupied one-bedroom areas include two within the main home and a detached rear living area.
Where is this triplex located?
The property is located at 1549 ADAIR ROAD Davenport, FL.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Three separate one‑bedroom, one‑bath rental areas; Two units configured within the main manufactured home; Detached one‑bedroom, one‑bath ADU at the rear
