Single-Story Triplex and Duplex
1647 Goodyear Avenue Lakeland, FL 33801
For Sale
Contact for pricing
Portfolio sale of 10 single-story buildings with triplex and duplex units, all with central HVAC and washer/dryer hookups.
Property Size22,542 SF
Price / SF$181.88
Days on Market89
Property Features for 1647 Goodyear Avenue
General Information
- Standard status
- Active
- Size
- 22,542 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1984
Listing Agency:
Colliers - Tampa, Florida
(813) 470-4330
Listed By:
Luis Baez · License #FL BK3038581
Source:
Crexi
Added: Apr 27
Changed: Jul 23
Last Checked: Jul 23 at 1:48PM
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 Colliers - Tampa, Florida
Investment Insights
Based on property information with market context.
Goodyear is a portfolio sale featuring 10 contiguous parcels in Lakeland, Florida within Polk County, combining for 1.78 acres. The property includes eight triplexes and two duplexes, with nine one-bedroom/one-bath units averaging 550 square feet and nineteen two-bedroom/two-bath units averaging 926 square feet. All ten buildings were built between 1984 and 1993 with concrete block construction and pitched shingle roofs.
Each unit is equipped with central HVAC and washer/dryer hookups, and the electric service is individually metered. Residents are billed a flat fee of $65 per unit per month for water, sewer, and trash.
Per the offering details, the buildings are positioned for straightforward day-to-day residential operations, with residents described as being less than 3 miles from major employers, entertainment centers, shops, restaurants, medical centers, academic institutions, and amusement parks. The property is also noted as being in proximity to major roadways for access throughout Lakeland and central Florida.
Each unit is equipped with central HVAC and washer/dryer hookups, and the electric service is individually metered. Residents are billed a flat fee of $65 per unit per month for water, sewer, and trash.
Per the offering details, the buildings are positioned for straightforward day-to-day residential operations, with residents described as being less than 3 miles from major employers, entertainment centers, shops, restaurants, medical centers, academic institutions, and amusement parks. The property is also noted as being in proximity to major roadways for access throughout Lakeland and central Florida.
Key Highlights
- Portfolio sale in Lakeland, FL: 10 contiguous parcels totaling 1.78 acres with 28 units
- 10 single‑story concrete block buildings with pitched shingle roofs, built between 1984–1993
- Unit mix includes 8 triplexes and 2 duplexes: 9 one‑bed/one‑bath averaging 550 SF and 19 two‑bed/two‑bath averaging 926 SF
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 | $365.2k | $16.20 |
| − Vacancy | −$23.7k | −$1.05 |
| EGI | $341.4k | $15.15 |
| − OpEx | −$102.4k | −$4.54 |
| NOI | $239.0k | $10.60 |
22,542 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$3.41M
$2.99M – $3.98M
NOI $239,011 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$3.05M
$2.67M – $3.56M
NOI $213,516 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$5.42M
$4.74M – $6.32M
NOI $379,193 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Portfolio sale of 10 single-story buildings with triplex and duplex units, all with central HVAC and washer/dryer hookups.
Where is this triplex located?
The property is located at 1647 Goodyear Avenue Lakeland, FL.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: Portfolio sale in Lakeland, FL: 10 contiguous parcels totaling 1.78 acres with 28 units; 10 single‑story concrete block buildings with pitched shingle roofs, built between 1984–1993; Unit mix includes 8 triplexes and 2 duplexes: 9 one‑bed/one‑bath averaging 550 SF and 19 two‑bed/two‑bath averaging 926 SF
