Lakeland Multifamily Investment
For Sale
$115,000
203 JANET, Lakeland, FL 33809
Multifamily property for sale in Lakeland, Florida.
Property Size960 SF
Lot Size0.17 Acres
Days on Market317
Property Features for 203 JANET
General Information
Standard status
Active
Size
960 SF
Lot size
0.17 Acres
Property subtype
Residential
Taxes and HOA fees
Annual Taxes
$434
Building Details
Building Size
960 SF
Year Built
1980
Listed By:
Tiffany Steck
(937) 430-9119
Source:
Elliman
Added: Nov 28, 2025
Changed: Sep 30
Last Checked: Oct 11 at 7:47AM
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 Tiffany Steck
Investment Insights
Based on property information with market context.
A multifamily property is available for purchase in Lakeland, Florida. The property is listed for $129,000.
Key Highlights
- Year Built: 1980
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,093
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$181,860
$181.9K
Cap Rate 7%
$129,900
$129.9K
Cap Rate 9%
$101,033
$101.0K
Market Conditions
NOI Build-Up for 960 SF
Gross rent
$17.6K $18.36/SF
− Vacancy
−$1.1K −$1.14/SF
EGI
$16.5K $17.22/SF
− OpEx
−$7.4K −$7.75/SF
NOI
$9.1K $9.47/SF
Area
Lakeland, FL
Vacancy
6.20%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$181,860
Cap Rate 7%
$129,900
Cap Rate 9%
$101,033
Alternative Uses
Best Use
Apartment 5plus
$129.9K
$113.7K – $151.6K
NOI $9,093 @ 7.0% cap · market cap 7.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$230.7K
$201.9K – $269.2K
NOI $16,149 @ 7.0% cap · market cap 14.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
Explore this area
Business Placement
Demographics for 33809, FL
30,629
Population
12,647
Households
2.4
Avg Household Size
45
Median Age
27%
College-Educated
91%
High-School Grad
65.9 sq mi
ZIP Area
465
Density / Sq Mi
$67,112
Median Household Income
$40,839
Median Earnings
$1,492
Median Rent
$248,700
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property for sale in Lakeland, Florida.
Where is this apartment building located?
The property is located at 203 JANET Lakeland, FL.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: Year Built: 1980
