Renovated Duplex with
For Sale
$468,000
Pending
207 E PALMETTO STREET, Davenport, FL 33837
Two-unit property with separate water and electric service, updated systems, and no HOA.
Property Size2,240 SF
Lot Size0.41 Acres
Days on Market503
Property Features for 207 E PALMETTO STREET
General Information
Standard status
Pending
Size
2,240 SF
Lot size
0.41 Acres
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,802
Amenities
air-conditioned laundry room
basement
Building Details
Year Built
1948
Buildings
1
Listing Agency:
REAL BROKER, LLC
(855) 450-0442
Listed By:
Liz Wilson · License #3187689
(863) 557-6135
Source:
Exitrealty
Added: May 27, 2025
Changed: Oct 1
Last Checked: Oct 1 at 9:08AM
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 REAL BROKER, LLC
Investment Insights
Based on property information with market context.
This renovated duplex offers 2,240 square feet across two separately serviced units. Unit A includes three bedrooms and two full bathrooms, while Unit B provides two bedrooms and one full bathroom. The property also includes an air-conditioned laundry room and a basement that can support office, gym, workshop, or storage use. Updated flooring, paint, kitchens, bathrooms, electrical systems, plumbing, air-conditioning systems, water heaters, and roofs contribute to the property’s current condition.
Set on a .41-acre lot at 207 E Palmetto Street in Davenport, the property is located near historic Downtown Davenport and provides access to I-4, shopping, schools, and parks. The duplex has no HOA and was built in 1948.
Set on a .41-acre lot at 207 E Palmetto Street in Davenport, the property is located near historic Downtown Davenport and provides access to I-4, shopping, schools, and parks. The duplex has no HOA and was built in 1948.
Key Highlights
- 2,240‑square‑foot duplex on a .41‑acre lot
- Unit A: 3 bedrooms and 2 full bathrooms
- Unit B: 2 bedrooms and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,750
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,000
$475.0K
Cap Rate 7%
$339,286
$339.3K
Cap Rate 9%
$263,889
$263.9K
Market Conditions
NOI Build-Up for 2,240 SF
Gross rent
$36.3K $16.20/SF
− Vacancy
−$2.4K −$1.05/SF
EGI
$33.9K $15.15/SF
− OpEx
−$10.2K −$4.54/SF
NOI
$23.8K $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 Rate 5%
$475,000
Cap Rate 7%
$339,286
Cap Rate 9%
$263,889
Alternative Uses
Best Use
Multifamily LT 5
$339.3K
$296.9K – $395.8K
NOI $23,750 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$303.1K
$265.2K – $353.6K
NOI $21,217 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$538.3K
$471.0K – $628.0K
NOI $37,680 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
Explore this area
Business Placement
Demographics for 33837, FL
36,302
Population
19,082
Households
1.9
Avg Household Size
40
Median Age
27%
College-Educated
90%
High-School Grad
51.3 sq mi
ZIP Area
708
Density / Sq Mi
$75,861
Median Household Income
$39,246
Median Earnings
$1,739
Median Rent
$297,700
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?
Duplex - Two-unit property with separate water and electric service, updated systems, and no HOA.
Where is this duplex located?
The property is located at 207 E PALMETTO STREET Davenport, FL.
What is the asking price?
The asking price for this property is $468,000.
What are key features of this property?
This property features: 2,240‑square‑foot duplex on a .41‑acre lot; Unit A: 3 bedrooms and 2 full bathrooms; Unit B: 2 bedrooms and 1 full bathroom
