Updated 4-Unit
New
For Sale
$725,000
1835-1841 CRYSTAL GROVE Drive, Lakeland, FL 33801
Residential Income, LAKELAND, FL
Property Size4,056 SF
Lot Size0.25 Acres
Price / SF$178.75
Days on Market4
Property Features for 1835-1841 CRYSTAL GROVE Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
PUD
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 4, Dining Room, Bedroom 5, Bathroom 2, Bathroom 8, Bathroom 3, Bedroom 6, Bathroom 6, Bathroom 7, Bedroom 2, Bedroom 8, Bedroom 3, Bathroom 5, Bathroom 4, Bathroom 1, Bedroom 1, Bedroom 7
Interior features
Ceiling Fans(s), Living Room/Dining Room Combo, Thermostat
Exterior features
Sidewalk
Appliances
Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Range, Range Hood, Refrigerator, Washer
Subdivision
CRYSTAL GROVE
Lot features
City Limits
Directions
Use gps navigation to 1837 Crystal Grove Drive, Lakeland, FL 33801, and you'll see unit 1837 and 1839 in the front. Unit 1835 and 1841 are in the back.
Standard status
Active
APN
24-28-28-247010-017290
Size
4,056 SF
Lot size
0.25 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Description
CRYSTAL GROVE PB 72 PG 33 LOT Q-29
Tax Annual Amount
8360
Legal Description
CRYSTAL GROVE PB 72 PG 33 LOT Q-29
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central, Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1986
Floors in Building
1
Number of units
4
Flooring type
Tile
Building materials
Concrete
Roof type
Shingle
Buildings
1
Listing Agency:
HOMECOIN.COM
Listed By:
Jonathan Minerick
(888) 400-2513
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 5 at 12:06AM
MLS# TB8563357
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1986 quadplex contains four two-bedroom, two-bathroom residences, totaling 4,056 square feet on approximately 0.25 acres. Two of the units are furnished. Renovations include refreshed kitchens, bathrooms, and interiors throughout; about half of the windows have been replaced, along with three front doors. New siding was installed at the front, and the exterior has been repainted. The roof and all four water heaters were replaced in 2023. Air-conditioning work includes a system replacement in 2023, an existing system dating to 2022, and component updates in 2024 and 2025.
The property has on-site parking and PUD zoning. Public water and sewer are available, and electricity is available. Interior finishes include tile flooring; the building is constructed of concrete and has a shingle roof.
The property has on-site parking and PUD zoning. Public water and sewer are available, and electricity is available. Interior finishes include tile flooring; the building is constructed of concrete and has a shingle roof.
Key Highlights
- Four residences, each with 2 bedrooms and 2 bathrooms
- 4,056 square feet on approximately 0.25 acres
- PUD zoning and on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,005
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,100
$860.1K
Cap Rate 7%
$614,357
$614.4K
Cap Rate 9%
$477,833
$477.8K
Market Conditions
NOI Build-Up for 4,056 SF
Gross rent
$65.7K $16.20/SF
− Vacancy
−$4.3K −$1.05/SF
EGI
$61.4K $15.15/SF
− OpEx
−$18.4K −$4.54/SF
NOI
$43.0K $10.60/SF
Area
Lakeland, 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%
$860,100
Cap Rate 7%
$614,357
Cap Rate 9%
$477,833
Alternative Uses
Best Use
Multifamily LT 5
$614.4K
$537.6K – $716.8K
NOI $43,005 @ 7.0% cap · market cap 5.93%
Second Best
Apartment 5plus
$548.8K
$480.2K – $640.3K
NOI $38,418 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$974.7K
$852.9K – $1.14M
NOI $68,228 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
895
Businesses Nearby
Explore this area
Business Placement
Demographics for 33801, FL
36,798
Population
15,365
Households
2.4
Avg Household Size
34
Median Age
16%
College-Educated
84%
High-School Grad
18.9 sq mi
ZIP Area
1,947
Density / Sq Mi
$49,210
Median Household Income
$30,055
Median Earnings
$1,100
Median Rent
$138,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence offers two bedrooms and two bathrooms, with improvements completed across all four units.
Where is this quadplex located?
The property is located at 1835-1841 CRYSTAL GROVE Drive Lakeland, FL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Four residences, each with 2 bedrooms and 2 bathrooms; 4,056 square feet on approximately 0.25 acres; PUD zoning and on‑site parking
