Updated
2434 CYPRESS Lane, Lakeland, FL 33801
For Sale
New
$309,900
Residential Income, LAKELAND, FL
Property Size1,677 SF
Lot Size0.16 Acres
Price / SF$184.79
Days on Market1
Property Features for 2434 CYPRESS Lane
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Exterior features
Fencing
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Building materials
Roof type
Listing Agency:
HARPER REALTY FL, LLC
(863) 687-8020
Listed By:
Curtis Yopp · License #3166066
(863) 661-2732
Added: Nov 7
Last Checked: Nov 7 at 10:06PM
MLS# L4966337
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.
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Investment Insights
Based on property information with market context.
This 1,677-square-foot duplex contains two units, each with two bedrooms and one bathroom. Interior updates include kitchens and appliances, tile floors, replacement bathroom vanities, and fresh paint. The building has block construction, central heating and air conditioning, ceiling fans, and a shingle roof that is 2 years old. Built in 1973, the property also includes a fenced outdoor area and occupies a 0.16-acre corner lot.
Zoned R-2, the property is at 2434 Cypress Lane in Lakeland. Public water service and a septic system serve the site; cable is available.
Zoned R-2, the property is at 2434 Cypress Lane in Lakeland. Public water service and a septic system serve the site; cable is available.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,677 square feet on a 0.16‑acre corner lot
- Updated kitchens and appliances, tile flooring, new bathroom vanities, and fresh paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,781
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,620
$355.6K
Cap Rate 7%
$254,014
$254.0K
Cap Rate 9%
$197,567
$197.6K
Market Conditions
NOI Build-Up for 1,677 SF
Gross rent
$27.2K $16.20/SF
− Vacancy
−$1.8K −$1.05/SF
EGI
$25.4K $15.15/SF
− OpEx
−$7.6K −$4.54/SF
NOI
$17.8K $10.60/SF
Area
Lakeland, 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%
$355,620
Cap Rate 7%
$254,014
Cap Rate 9%
$197,567
Alternative Uses
Best Use
Multifamily LT 5
$254.0K
$222.3K – $296.4K
NOI $17,781 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$226.9K
$198.6K – $264.7K
NOI $15,884 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$403.0K
$352.6K – $470.2K
NOI $28,210 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
655
Businesses Nearby
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Business Placement
Demographics for 33801, FL
36,798
Population
15,365
Households
2.4
Avg Household Size
34
Median Age
16%
College-Educated
84%
High-School Grad
18.9 sq mi
ZIP Area
1,947
Density / Sq Mi
$49,210
Median Household Income
$30,055
Median Earnings
$1,100
Median Rent
$138,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lakeland, FL
Properties on Market for Duplexes in Lakeland
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer flexible occupancy, with central heating and air conditioning in place.
Where is this duplex located?
The property is located at 2434 CYPRESS Lane Lakeland, FL.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,677 square feet on a 0.16‑acre corner lot; Updated kitchens and appliances, tile flooring, new bathroom vanities, and fresh paint
