Brick
For Sale
$605,575
201 CENTURY BOULEVARD #A, Auburndale, FL 33823
Fully occupied four-unit property with lake views and consistent two-bedroom layouts.
Property Size4,352 SF
Price / SF$139.15
Days on Market9
Property Features for 201 CENTURY BOULEVARD #A
General Information
Standard status
Active
Size
4,352 SF
Property subtype
Quadruplex
Occupancy
100%
Units
Unit Mix
4 x 2BR/1.5BA
Multifamily Units
4
Amenities
0.26 acres, Dimensions: 85x120
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 25-28-02-311520-000010, Public Survey Range: 25, Public Survey Section: 02, Annual Amount: $6,207.94, Tax Book Number: 67-26, Legal Description: LAKE HART ESTS UNIT 1 PHASE 2 PB 67 PG 26 LOT 1, Lot: 1, Year: 2025, Zoning: RG1
Gross Income: $63,000
Central Air
Central, Electric
Inside
Listing ID: MFRTB8539169, Standard Status: Active, MLS Status: Active, Property Subtype: Quadruplex, On market as of 2026-08-14, 4 days on market, Special Conditions: None
32 total bedrooms
Built in 1980, Living area: 4352, Living area units: Square Feet, Construction Materials: Block
Subdivision: LAKE HART ESTATES, MLS Area (Major): 33823 - Auburndale, County/Parish: Polk
Lake
32 total bathrooms
Street Lights
Electricity Available, Electricity Connected, Public, Water - Multiple Meters, Water Available, Water Source: Public
Block
Road Surface: Asphalt
Ceiling Fans(s), Thermostat
Other equipment: None
Building Details
Year Built
1980
Construction
solid block
Listing Agency:
BIG GUAVA REALTY
(727) 404-1015
Listed By:
Alvaro Zamora · License #3574293
Source:
Miharaandassociates
Added: Aug 14
Changed: Aug 22
Last Checked: Aug 22 at 4:28AM
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 BIG GUAVA REALTY
Investment Insights
Based on property information with market context.
This 1980-built quadplex contains 4,352 square feet across four residential units. Each unit offers two bedrooms, one full bathroom, and one half bathroom. The building features solid brick construction, and all four units are currently occupied under existing leases. Tenants pay their own utilities, supporting a straightforward operating structure.
The property is located in Auburndale’s Lake Hart Estates with views toward Lake Ariana. It is designated Flood Zone X, and new development is located next door. Showings require 48-hour advance notice and coordination because the property is fully occupied.
The property is located in Auburndale’s Lake Hart Estates with views toward Lake Ariana. It is designated Flood Zone X, and new development is located next door. Showings require 48-hour advance notice and coordination because the property is fully occupied.
Key Highlights
- Four units totaling 4,352 sq ft
- Each unit includes 2 bedrooms, 1 full bath, and 1 half bath
- Built in 1980 with solid brick construction
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
$46,144
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
7.62%
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%
$922,880
$922.9K
Cap Rate 7%
$659,200
$659.2K
Cap Rate 9%
$512,711
$512.7K
Market Conditions
NOI Build-Up for 4,352 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
$70.5K $16.20/SF
− Vacancy
−$4.6K −$1.05/SF
EGI
$65.9K $15.15/SF
− OpEx
−$19.8K −$4.54/SF
NOI
$46.1K $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%
$922,880
Cap Rate 7%
$659,200
Cap Rate 9%
$512,711
Alternative Uses
Best Use
Multifamily LT 5
$659.2K
$576.8K – $769.1K
NOI $46,144 @ 7.0% cap · market cap 7.62%
Second Best
Apartment 5plus
$588.9K
$515.3K – $687.0K
NOI $41,222 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$1.05M
$915.1K – $1.22M
NOI $73,208 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
Explore this area
Business Placement
Demographics for 33823, FL
33,733
Population
15,383
Households
2.2
Avg Household Size
42
Median Age
17%
College-Educated
86%
High-School Grad
34.9 sq mi
ZIP Area
967
Density / Sq Mi
$64,248
Median Household Income
$39,187
Median Earnings
$1,068
Median Rent
$234,300
Median Home Value
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?
Quadplex - Fully occupied four-unit property with lake views and consistent two-bedroom layouts.
Where is this quadplex located?
The property is located at 201 CENTURY BOULEVARD #A Auburndale, FL.
What is the asking price?
The asking price for this property is $605,575.
What are key features of this property?
This property features: Four units totaling 4,352 sq ft; Each unit includes 2 bedrooms, 1 full bath, and 1 half bath; Built in 1980 with solid brick construction
