Duplex with Separate
New
For Sale
$489,000
1997 MARSHALL STREET, Bartow, FL 33830
Both residences are tenant-occupied and feature open layouts with stainless steel appliances.
Property Size2,469 SF
Price / SF$198.06
Days on Market4
Property Features for 1997 MARSHALL STREET
General Information
Standard status
Active
Size
2,469 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Amenities
stainless steel appliances
private backyard
separate entrances
0.35 acres
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 25-30-09-424000-007030, Public Survey Range: 25, Public Survey Section: 09, Annual Amount: $8,182, Tax Block: 7, Tax Book Number: 32-13, Legal Description: HAMILTONS ADD PB 32 PG 13 BLK 7 LOTS 3 & 4, Lot: 3, Year: 2025, Zoning: R-2
Ceramic Tile
Central Air
Central, Electric
Inside, Laundry Closet
Listing ID: MFRTB8554056, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-10-01, 1 day on market, Special Conditions: None
Driveway
6 total bedrooms
Built in 2022, Living area: 2469, Living area units: Square Feet, Levels: One, Construction Materials: Block, Stucco
Subdivision: HAMILTONS ADD, MLS Area (Major): 33830 - Bartow, County/Parish: Polk
Completed
4 total bathrooms
Cable Available, Electricity Connected, Water Connected, Water Source: Public
Slab
Close Of Escrow
Allowed: Cats OK, Dogs OK
Electricity, Sewer, Trash Collection, Water
Road Surface: Paved
Patio/Porch Features: Covered, Patio, Fence, Lighting, Private Mailbox
Ceiling Fans(s), Open Floorplan
Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Building Details
Year Built
2022
Buildings
1
Listing Agency:
IMPACT REALTY TAMPA BAY
(813) 321-1200
Listed By:
Nicole Annicelli · License #3393844
(813) 833-2933
Source:
Miharaandassociates
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 3 at 2:19AM
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 IMPACT REALTY TAMPA BAY
Investment Insights
Based on property information with market context.
Completed in 2022, this 2,469-square-foot duplex contains two tenant-occupied units. Each residence has an open floor plan, stainless steel appliances, and natural light. Separate entrances provide access to each unit, and the property includes a private backyard and long driveways with ample parking.
Key Highlights
- Two‑unit duplex built in 2022
- 2,469 square feet
- Both units are occupied by tenants
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
$26,179
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
5.35%
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%
$523,580
$523.6K
Cap Rate 7%
$373,986
$374.0K
Cap Rate 9%
$290,878
$290.9K
Market Conditions
NOI Build-Up for 2,469 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
$40.0K $16.20/SF
− Vacancy
−$2.6K −$1.05/SF
EGI
$37.4K $15.15/SF
− OpEx
−$11.2K −$4.54/SF
NOI
$26.2K $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%
$523,580
Cap Rate 7%
$373,986
Cap Rate 9%
$290,878
Alternative Uses
Best Use
Multifamily LT 5
$374.0K
$327.2K – $436.3K
NOI $26,179 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$334.1K
$292.3K – $389.8K
NOI $23,386 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$593.3K
$519.2K – $692.2K
NOI $41,533 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
369
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
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are tenant-occupied and feature open layouts with stainless steel appliances.
Where is this duplex located?
The property is located at 1997 MARSHALL STREET Bartow, FL.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2022; 2,469 square feet; Both units are occupied by tenants
