Duplex With Separate
New
For Sale
$489,000
1997 MARSHALL Street, Bartow, FL 33830
Residential Income, BARTOW, FL
Property Size2,469 SF
Lot Size0.35 Acres
Price / SF$198.06
Days on Market3
Property Features for 1997 MARSHALL Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 4, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 4, Bedroom 6, Bedroom 5
Parking features
Driveway
Patio and Porch features
Patio
Pets allowed
Dogs OK, Cats OK
Interior features
Ceiling Fans(s), Open Floorplan
Exterior features
Fence, Lighting, Private Mailbox
Fencing
Fenced
Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Subdivision
HAMILTONS ADD
Directions
From State Road, 60 E, turn right onto W Main St, 4 min (1.5 mi), turn right onto S Holland Pkwy, turn left on Washington, turn right on Marshall.
Standard status
Active
APN
25-30-09-424000-007030
Size
2,469 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HAMILTONS ADD PB 32 PG 13 BLK 7 LOTS 3 & 4
Tax Annual Amount
8182
Legal Description
HAMILTONS ADD PB 32 PG 13 BLK 7 LOTS 3 & 4
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
stainless steel appliances
private backyard
separate entrances
Building Details
Year built
2022
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
IMPACT REALTY TAMPA BAY
(813) 321-1200
Listed By:
Nicole Annicelli · License #3393844
(813) 833-2933
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 3 at 5:06AM
MLS# TB8554056
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.
Built in 2022, this two-unit property contains 2,469 square feet on a 0.35-acre lot. Each residence has an open floor plan, stainless steel appliances, and a separate entrance. The building is constructed of block and stucco, with central air conditioning and electric heat. A fenced backyard, patio, and driveway parking serve the property.
Located at 1997 Marshall Street in Bartow, the property is zoned R-2. Public water and sewer are available.
Located at 1997 Marshall Street in Bartow, the property is zoned R-2. Public water and sewer are available.
Key Highlights
- Two‑unit duplex built in 2022
- 2,469 square feet on 0.35 acres
- Both residences are currently 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
100%
Occupancy
Multi-tenant
Tenancy
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 on 0.35 acres; Both residences are currently occupied by tenants
