Triplex-Style Home with Two Unfinished
For Sale
$234,900
1550 E BAY Street, Bartow, FL 33830
MULTI_FAMILY - BARTOW, FL
Property Size1,152 SF
Lot Size0.18 Acres
Price / SF$203.91
Days on Market166
Property Features for 1550 E BAY Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R-2
Bedrooms
3
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 3, Bathroom 1, Bathroom 4, Bathroom 6, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 5, Bedroom 3
Interior features
Open Floorplan
Exterior features
Sidewalk
Appliances
Dryer, Microwave, Range, Refrigerator, Washer
Subdivision
SOUTH FLORIDA RR ADD
Lot features
Corner Lot, City Limits, Paved
Directions
Head east on E State Rd 60, Turn right onto W Main St, Turn right onto S Holland Pkwy, Turn left onto E Bay St, Destination will be on the left.
Standard status
Active
APN
25-30-08-414500-024080
Size
1,152 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SOUTH FLORIDA RR ADD PB 1 PG 27 TIER 2 BLK 4 LOT 8
Tax Annual Amount
2580
Legal Description
SOUTH FLORIDA RR ADD PB 1 PG 27 TIER 2 BLK 4 LOT 8
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1973
Floors in Building
1
Number of units
3
Flooring type
Laminate
Building materials
Frame
Roof type
Shingle
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Gaby Murillo · License #3117513
(863) 668-1914
Added: Feb 15
Changed: Jul 31
Last Checked: Jul 31 at 6:06PM
MLS# L4959432
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Remodeled triplex-style residential income property on a 0.18-acre lot, built in 1973 and totaling 1,152 square feet. The main house is a three-bedroom, two-bath residence with an open floorplan, updated kitchen with modern cabinets and new appliances, updated bathrooms, fresh interior paint, and new laminate flooring throughout. Improvements include new windows and doors, updated electrical, a new A/C system, and a central heating and central air setup. The property also includes a frame exterior, shingle roof, and sidewalk.
Utilities include public water and public sewer. Appliances on site include a range, refrigerator, microwave, washer, and dryer. The location is about 10 minutes from downtown Bartow.
In addition to the main home, the property offers future potential for two studio units, each with a private entrance. The studios are not completed, providing room for a buyer to finish the interior build-out; buyer is to verify zoning and permitted use.
Utilities include public water and public sewer. Appliances on site include a range, refrigerator, microwave, washer, and dryer. The location is about 10 minutes from downtown Bartow.
In addition to the main home, the property offers future potential for two studio units, each with a private entrance. The studios are not completed, providing room for a buyer to finish the interior build-out; buyer is to verify zoning and permitted use.
Key Highlights
- 0.18‑acre lot with 1,152 SF remodeled main home
- R‑2 zoning with public water and public sewer
- Main house updated three‑bedroom, two‑bath layout with open floorplan
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.7k | $16.20 |
| − Vacancy | −$1.2k | −$1.05 |
| EGI | $17.4k | $15.15 |
| − OpEx | −$5.2k | −$4.54 |
| NOI | $12.2k | $10.60 |
1,152 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$174.5K
$152.7K – $203.6K
NOI $12,215 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$155.9K
$136.4K – $181.9K
NOI $10,912 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$276.8K
$242.2K – $323.0K
NOI $19,378 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
441
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - R-2 zoned three-bedroom, two-bath remodeled home with public water and sewer and future two-studio income potential.
Where is this triplex located?
The property is located at 1550 E BAY Street Bartow, FL.
What is the asking price?
The asking price for this property is $234,900.
What are key features of this property?
This property features: 0.18‑acre lot with 1,152 SF remodeled main home; R‑2 zoning with public water and public sewer; Main house updated three‑bedroom, two‑bath layout with open floorplan
