Duplex with Central
For Sale
$455,000
1830 2ND Street NW, Winter Haven, FL 33881
MULTI_FAMILY - WINTER HAVEN, FL
Property Size1,944 SF
Lot Size0.15 Acres
Price / SF$234.05
Days on Market102
Property Features for 1830 2ND Street NW
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-3
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 6, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 3, Bedroom 4
Exterior features
Sliding Doors
Appliances
Dishwasher, Disposal, Dryer, Range, Range Hood, Refrigerator, Washer
Subdivision
LARAMORE SUB
Directions
Driving Directions from I-4 Westbound (Coming from Orlando). This is the most direct route for buyers heading west from the Orlando area. Head West on I-4 toward Tampa. Take Exit 55 for US-27 South toward Haines City / Winter Haven. Keep left at the fork and merge onto US-27 South. Drive straight for approximately 13 miles. Turn Right onto FL-544 West (Lucerne Park Rd). Continue straight for about 5 miles. (Note: FL-544 will curve and become Havendale Blvd NW). Turn Left onto 2nd St NW. Drive a few blocks, and 1830 2nd St NW will be on your Right.
Standard status
Active
APN
26-28-17-548500-001023
Size
1,944 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LARAMORE SUB PB 3 PG 35 BLK A LOT 2 W 60 FT
Tax Annual Amount
5996
Legal Description
LARAMORE SUB PB 3 PG 35 BLK A LOT 2 W 60 FT
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2006
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
John Gomez · License #3374681
(321) 557-5652
Added: May 1
Changed: Aug 1
Last Checked: Aug 10 at 1:06PM
MLS# S5149227
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.
Welcome to 1830 2nd Street NW in Winter Haven: a well-maintained duplex built in 2006 and sited on a 0.15-acre lot. The property offers two mirror-image units, each featuring a three-bedroom, one-bath layout. Interior finishes include ceramic tile flooring in main living areas and kitchens, along with neutral paint for an easy, low-maintenance feel.
Each unit includes central heating and central air, plus in-unit laundry with a dedicated laundry closet and stackable washer and dryer. Kitchens are equipped with wood cabinetry, counter space, white appliances including dishwashers, and a breakfast bar/passthrough overlooking the spacious family room. Additional included appliances and fixtures list dishwasher, disposal, range, range hood, refrigerator, and washer/dryer. Exterior features include sliding doors, and the duplex is constructed with block and stucco under a shingle roof. Water source is public, and sewer is public sewer.
Zoned R-3, this duplex is positioned for investors or house-hackers seeking a two-unit residential income setup with straightforward, repeatable unit layouts.
Each unit includes central heating and central air, plus in-unit laundry with a dedicated laundry closet and stackable washer and dryer. Kitchens are equipped with wood cabinetry, counter space, white appliances including dishwashers, and a breakfast bar/passthrough overlooking the spacious family room. Additional included appliances and fixtures list dishwasher, disposal, range, range hood, refrigerator, and washer/dryer. Exterior features include sliding doors, and the duplex is constructed with block and stucco under a shingle roof. Water source is public, and sewer is public sewer.
Zoned R-3, this duplex is positioned for investors or house-hackers seeking a two-unit residential income setup with straightforward, repeatable unit layouts.
Key Highlights
- 0.15‑acre lot with a 1,944 SF duplex built in 2006
- Two mirror‑image units, each with three bedrooms and one bathroom
- Central heating and central air in both units
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
$20,612
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
4.53%
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%
$412,240
$412.2K
Cap Rate 7%
$294,457
$294.5K
Cap Rate 9%
$229,022
$229.0K
Market Conditions
NOI Build-Up for 1,944 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
$31.5K $16.20/SF
− Vacancy
−$2.0K −$1.05/SF
EGI
$29.4K $15.15/SF
− OpEx
−$8.8K −$4.54/SF
NOI
$20.6K $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%
$412,240
Cap Rate 7%
$294,457
Cap Rate 9%
$229,022
Alternative Uses
Best Use
Multifamily LT 5
$294.5K
$257.7K – $343.5K
NOI $20,612 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$263.0K
$230.2K – $306.9K
NOI $18,413 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$467.2K
$408.8K – $545.0K
NOI $32,701 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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?
Duplex - Well-maintained duplex with two 3-bedroom, 1-bath units, central air, and public water and sewer.
Where is this duplex located?
The property is located at 1830 2ND Street NW Winter Haven, FL.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: 0.15‑acre lot with a 1,944 SF duplex built in 2006; Two mirror‑image units, each with three bedrooms and one bathroom; Central heating and central air in both units
