4-Unit Duplex
New
For Sale
$550,000
2006 W HICKORY STREET, Lakeland, FL 33815
Two buildings offer updated two-bedroom layouts, laundry hookups, and a mix of vacant and rent-scheduled units.
Property Size3,079 SF
Price / SF$178.63
Days on Market5
Property Features for 2006 W HICKORY STREET
General Information
Standard status
Active
Size
3,079 SF
Property subtype
Quadruplex
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Amenities
0.44 acres
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 23-28-23-105500-004010, Public Survey Range: 23, Public Survey Section: 23, Annual Amount: $5,748, Tax Block: 4, Tax Book Number: 7-7, Legal Description: PLATEAU BEAUTIFUL PB 7 PG 7 BLK 4 PART OF LOTS 1 & 2 & 3 DESC AS: BEG NE COR OF SAID BLK 4 RUN S 01 DEG 03' 38"W ALONG W R/W LINE OF PLATEAU AVE 124 FT N 89 DEG 17' 36"W 65.78 FT S00 DEG 42' 24'W 13 FT TO SW COR OF LOT 1 RUN N 89 DEG 17' 36"W ALONG S BNDRY OF LOTS 2 & 3 78.65 FT N00DEG 29' 45"E 137 FT TO PT ON S R/W OF HICKORY ST S 89 DEG 17' 34"E ALONG R/W LINE 145.70 FT TO POB, Lot: 1, Year: 2025, Zoning: RB-2
Mini-Split Unit(s), Wall/Window Unit(s)
Central, Electric
Inside, Outside, Washer Hookup
Listing ID: MFRO6447651, Standard Status: Active, MLS Status: Active, Property Subtype: Quadruplex, On market as of 2026-10-06, 1 day on market, Special Conditions: None
8 total bedrooms
Built in 1951, Living area: 3079, Living area units: Square Feet, Construction Materials: Block
Subdivision: PLATEAU BEAUTIFUL, MLS Area (Major): 33815 - Lakeland, County/Parish: Polk
4 total bathrooms
Electricity Connected, Public, Sewer Connected, Water Connected, Water Source: Public
Slab
Close Of Escrow
Road Surface: Asphalt, Paved
Primary Bedroom Main Floor
Building Details
Year Built
1951
Buildings
2
Listing Agency:
BEYCOME OF FLORIDA LLC
(804) 656-5007
Listed By:
Steven Koleno · License #3469487
(844) 239-2663
Source:
Miharaandassociates
Added: Oct 6
Changed: Oct 7
Last Checked: Oct 7 at 2:14PM
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 BEYCOME OF FLORIDA LLC
Investment Insights
Based on property information with market context.
Set on one parcel, this four-unit property comprises two duplex buildings with 3,079 SF of property area. Each apartment has two bedrooms and one bathroom. Interior improvements include renovated finishes in select units, with quartz countertops, retiled showers, tile flooring, and new flooring and paint. Air conditioning is provided by mini-split or window units, and all four apartments have laundry hookups. Washer and dryer machines are excluded.
Two units are vacant and two have scheduled rent. The buildings have new roofs, and the driveways have been replaced. Hurricane windows are installed in two apartments. Built in 1951, the property offers a four-unit configuration across two separate buildings.
Two units are vacant and two have scheduled rent. The buildings have new roofs, and the driveways have been replaced. Hurricane windows are installed in two apartments. Built in 1951, the property offers a four-unit configuration across two separate buildings.
Key Highlights
- Four units across two duplex buildings on one parcel
- 3,079 SF of property area
- Two bedrooms and one bathroom in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,646
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$652,920
$652.9K
Cap Rate 7%
$466,371
$466.4K
Cap Rate 9%
$362,733
$362.7K
Market Conditions
NOI Build-Up for 3,079 SF
Gross rent
$49.9K $16.20/SF
− Vacancy
−$3.2K −$1.05/SF
EGI
$46.6K $15.15/SF
− OpEx
−$14.0K −$4.54/SF
NOI
$32.6K $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%
$652,920
Cap Rate 7%
$466,371
Cap Rate 9%
$362,733
Alternative Uses
Best Use
Multifamily LT 5
$466.4K
$408.1K – $544.1K
NOI $32,646 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$416.6K
$364.6K – $486.1K
NOI $29,164 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$739.9K
$647.4K – $863.2K
NOI $51,794 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
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Business Placement
Demographics for 33815, FL
15,681
Population
7,646
Households
2.1
Avg Household Size
40
Median Age
11%
College-Educated
80%
High-School Grad
7.4 sq mi
ZIP Area
2,119
Density / Sq Mi
$36,445
Median Household Income
$32,637
Median Earnings
$1,078
Median Rent
$42,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Two buildings offer updated two-bedroom layouts, laundry hookups, and a mix of vacant and rent-scheduled units.
Where is this quadplex located?
The property is located at 2006 W HICKORY STREET Lakeland, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Four units across two duplex buildings on one parcel; 3,079 SF of property area; Two bedrooms and one bathroom in each unit
