Detached-Building
For Sale
$499,999
Pending
1604 2nd Street Northwest, Winter Haven, FL 33881
Four residential units provide two bedrooms, one full bath, and individually metered water and electric service.
Property Size2,800 SF
Days on Market44
Property Features for 1604 2nd Street Northwest
General Information
Standard status
Pending
Size
2,800 SF
Property subtype
Residential Income / Quadruplex
Zoning
XX
Taxes and HOA fees
Annual Taxes
$5,034
Amenities
Mini-Split Unit(s), Wall/Window Unit(s)
Electric
Ceramic Tile
No
Range, Refrigerator
8
Outside
Ceiling Fan(s)
Square Feet
Public Records
Shingle
One
Brick/Mortar
Brick
Building Details
Year Built
1963
Buildings
2
Tenancy
Multi
Listing Agency:
SPANN & ASSOCIATES REAL ESTATE
(863) 617-5236
Listed By:
Kal Scarvers · License #3312196
(863) 617-5236
Source:
Compass
Added: Jun 23
Changed: Aug 3
Last Checked: Aug 4 at 11:34AM
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 SPANN & ASSOCIATES REAL ESTATE
Investment Insights
Based on property information with market context.
This quadplex contains 4 residential units arranged across two separate detached buildings on a lot exceeding 1/4 acre. Each unit offers 2 bedrooms and 1 full bath, with a combined property size of 2,800 square feet. Interior features include ceramic tile, ceiling fans, electric service, and a range and refrigerator in each unit. Cooling is provided through mini-split and wall/window units.
Built in 1963, the property is located at 1604 2nd Street Northwest in Winter Haven, Florida. Shopping, schools, and major transit are identified in the surrounding area. Separate water and electric meters allow each utility account to be paid directly by the applicable tenant.
Built in 1963, the property is located at 1604 2nd Street Northwest in Winter Haven, Florida. Shopping, schools, and major transit are identified in the surrounding area. Separate water and electric meters allow each utility account to be paid directly by the applicable tenant.
Key Highlights
- 4‑unit quadplex with 2 bedrooms and 1 full bath per unit
- Two separate detached buildings on over a 1/4‑acre lot
- 2,800 square feet of total property size
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 | $45.4k | $16.20 |
| − Vacancy | −$2.9k | −$1.05 |
| EGI | $42.4k | $15.15 |
| − OpEx | −$12.7k | −$4.54 |
| NOI | $29.7k | $10.60 |
2,800 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$424.1K
$371.1K – $494.8K
NOI $29,688 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$378.9K
$331.5K – $442.0K
NOI $26,521 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$672.9K
$588.8K – $785.0K
NOI $47,100 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
639
Businesses Nearby
Explore this area
Business Placement
Demographics for 33881, FL
38,369
Population
17,948
Households
2.1
Avg Household Size
44
Median Age
18%
College-Educated
85%
High-School Grad
21.9 sq mi
ZIP Area
1,752
Density / Sq Mi
$53,867
Median Household Income
$33,941
Median Earnings
$1,153
Median Rent
$177,400
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?
Quadplex - Four residential units provide two bedrooms, one full bath, and individually metered water and electric service.
Where is this quadplex located?
The property is located at 1604 2nd Street Northwest Winter Haven, FL.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: 4‑unit quadplex with 2 bedrooms and 1 full bath per unit; Two separate detached buildings on over a 1/4‑acre lot; 2,800 square feet of total property size
