Duplex with New
For Sale
Under Contract
$315,000
2097 AVENUE H NW, Winter Haven, FL 33881
Residential Income, WINTER HAVEN, FL
Property Size1,758 SF
Lot Size0.24 Acres
Price / SF$179.18
Days on Market53
Property Features for 2097 AVENUE H NW
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-1A
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 2
Interior features
Thermostat
Subdivision
HOWARD CANNON PARK RESUB
Directions
From I-4, take Exit 44 toward Auburndale/Winter Haven and merge onto FL-559 South. Continue south through Auburndale, then follow Main Street toward Winter Haven. Turn onto Avenue G NW, continue to 21st Street NW, then take Avenue H NW to arrive at 2097 Ave H NW, Winter Haven, FL 33881.
Standard status
Active Under Contract
APN
26-28-19-553500-002110
Size
1,758 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
RESUB OF PART OF HOWARD CANNON PARK PB 9 PG 3 BLK 2 LOTS 11 & 12
Tax Annual Amount
4086
Legal Description
RESUB OF PART OF HOWARD CANNON PARK PB 9 PG 3 BLK 2 LOTS 11 & 12
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1952
Building materials
Block
Roof type
Shingle
Listing Agency:
KELLER WILLIAMS REALTY SMART
(863) 577-1234
Listed By:
Corey Ayala · License #3592844
(618) 638-3273
Added: Jul 14
Changed: Sep 3
Last Checked: Sep 4 at 7:06PM
MLS# L4963493
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.
This duplex contains 1,758 square feet on a 0.24-acre corner lot and was built in 1952. The property has block construction, a new shingle roof, central heating, central air, public water, and public sewer. One unit is leased month to month, while the second unit is vacant. The property is zoned R-1A.
The home is located near Winter Haven’s Chain of Lakes, including Lake Howard and Lake Cannon, with access to boating, fishing, and waterfront dining. Downtown Winter Haven is approximately 8 minutes away. Inwood Elementary is about 2 minutes away, Westwood Middle is approximately 4 minutes away, and Winter Haven Senior High is around 8 minutes away.
The home is located near Winter Haven’s Chain of Lakes, including Lake Howard and Lake Cannon, with access to boating, fishing, and waterfront dining. Downtown Winter Haven is approximately 8 minutes away. Inwood Elementary is about 2 minutes away, Westwood Middle is approximately 4 minutes away, and Winter Haven Senior High is around 8 minutes away.
Key Highlights
- Duplex with 1,758 square feet on a 0.24‑acre corner lot
- New shingle roof
- One unit rented on a month‑to‑month lease; second unit vacant
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
$18,640
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
5.92%
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%
$372,800
$372.8K
Cap Rate 7%
$266,286
$266.3K
Cap Rate 9%
$207,111
$207.1K
Market Conditions
NOI Build-Up for 1,758 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
$28.5K $16.20/SF
− Vacancy
−$1.9K −$1.05/SF
EGI
$26.6K $15.15/SF
− OpEx
−$8.0K −$4.54/SF
NOI
$18.6K $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%
$372,800
Cap Rate 7%
$266,286
Cap Rate 9%
$207,111
Alternative Uses
Best Use
Multifamily LT 5
$266.3K
$233.0K – $310.7K
NOI $18,640 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$237.9K
$208.2K – $277.5K
NOI $16,652 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$422.5K
$369.7K – $492.9K
NOI $29,572 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
Explore this area
Business Placement
Demographics for 33881, FL
38,369
Population
17,948
Households
2.1
Avg Household Size
44
Median Age
18%
College-Educated
85%
High-School Grad
21.9 sq mi
ZIP Area
1,752
Density / Sq Mi
$53,867
Median Household Income
$33,941
Median Earnings
$1,153
Median Rent
$177,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Corner-lot property with one occupied unit and one vacant unit.
Where is this duplex located?
The property is located at 2097 AVENUE H NW Winter Haven, FL.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Duplex with 1,758 square feet on a 0.24‑acre corner lot; New shingle roof; One unit rented on a month‑to‑month lease; second unit vacant
