Renovated Quadplex in Winter
230 6th St NE, Winter Haven, FL 33881
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Recently renovated quadplex with value-add potential in Winter Haven, FL.
Type:Multifamily
Property size:
2,400 SFPrice / SF:
$166/SF- Added:
- Jan 24, 2026
- Days on Market:
- 112
- Last Refresh:
- Mar 16 at 1:39 pm
Property Features for 230 6th St NE
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1925
Listing agent Lance Cobb License #SL3483253
Listing office SVN | Commercial Advisory Group Sarasota (941) 387-1200
Listing date Jan 24, 2026
Source Crexi
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 SVN | Commercial Advisory Group Sarasota
HighLights
- Significantly reduced price of $399,000 for immediate action.
- Recently renovated in 2023 with new appliances, windows, doors, bathroom renovations, and a new roof.
- New lift station installed in June 2023.
- Straightforward lease‑up opportunity with only minor cosmetic paint refreshes needed.
- Located in Winter Haven, the 'Chain of Lakes' city, near Lake Elbert, Lake Martha, and Rotary Park.
- Strategic location between Tampa and Orlando, offering strong rental fundamentals and population growth.
Overview
This recently renovated quadplex is located in Winter Haven, Florida, known as the “Chain of Lakes” city. The property features four studio units, each approximately 600 square feet, totaling 2400 square feet. Renovations completed in 2023 include new appliances, windows, and doors, bathroom renovations, and a new roof. Individual window A/C units are installed in each unit. A new lift station (sewer waste collection system) was installed in June 2023. One unit is currently occupied. The vacant units require minor cosmetic paint refreshes. Located just north of E Central Ave, the property is situated in a quiet, nature-oriented setting with Lake Elbert, Lake Martha, and Rotary Park within walking distance. Tenants have access to walking paths, shaded picnic areas, open green space, and recreational amenities. Winter Haven is positioned between Tampa and Orlando.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$282.7K
NOI $25,447 @ 9.00% cap · cautious / downside scenario
Moderate
$363.5K
NOI $25,447 @ 7.00% cap · market / base-case scenario
Aggressive
$508.9K
NOI $25,447 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.9k | $16.20 |
| − Vacancy | −$2.5k | −$1.05 |
| EGI | $36.4k | $15.15 |
| − OpEx | −$10.9k | −$4.54 |
| NOI | $25.4k | $10.60 |
2,400 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$363.5K
$318.1K – $424.1K
NOI $25,447 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$324.8K
$284.2K – $378.9K
NOI $22,733 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$576.7K
$504.7K – $672.9K
NOI $40,372 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Winter Haven
- County
- Polk
- State
- Florida
- Longitude
- -81.7184025
- Latitude
- 28.0236573
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Recently renovated quadplex with value-add potential in Winter Haven, FL.
Where is this quadplex located?
The property is located at 230 6th St NE Winter Haven, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Significantly reduced price of $399,000 for immediate action.; Recently renovated in 2023 with **new appliances, windows, doors, bathroom renovations, and a new roof.**; New lift station installed in June 2023.
