Lakeland Duplex Investment
For Sale
$283,900
Pending
2464 CHESTNUT WOODS DRIVE, Lakeland, FL 33815
Centrally located, fully occupied duplex in Lakeland, Florida.
Property Size1,664 SF
Days on Market343
Property Features for 2464 CHESTNUT WOODS DRIVE
General Information
Standard status
Pending
Size
1,664 SF
Property subtype
Duplex
Building Details
Building Size
1,664 SF
Year Built
1981
Listing Agency:
SUPERIOR REALTY GROUP, LLC.
Listed By:
Kenn Brutus
(305) 984-9904
Source:
Focusgroupfl.kw
Added: Nov 3, 2025
Changed: Sep 10
Last Checked: Oct 11 at 3:24AM
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 SUPERIOR REALTY GROUP, LLC.
Investment Insights
Based on property information with market context.
This property presents an investment opportunity with a conveniently located duplex in central Lakeland, near I-4. The duplex features two units, each with 2 bedrooms and 1 bath. Tile flooring is present throughout both units. Inside laundry hookups are available. The property is currently fully occupied with tenants at a competitive rental rate.
Key Highlights
- Great investment opportunity with tenants already in place
- Convenient central Lakeland location, close to I‑4
- Two units (duplex) providing dual rental income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,643
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,860
$352.9K
Cap Rate 7%
$252,043
$252.0K
Cap Rate 9%
$196,033
$196.0K
Market Conditions
NOI Build-Up for 1,664 SF
Gross rent
$27.0K $16.20/SF
− Vacancy
−$1.8K −$1.05/SF
EGI
$25.2K $15.15/SF
− OpEx
−$7.6K −$4.54/SF
NOI
$17.6K $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%
$352,860
Cap Rate 7%
$252,043
Cap Rate 9%
$196,033
Alternative Uses
Best Use
Multifamily LT 5
$252.0K
$220.5K – $294.1K
NOI $17,643 @ 7.0% cap · market cap 6.21%
Second Best
Apartment 5plus
$225.2K
$197.0K – $262.7K
NOI $15,761 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$399.9K
$349.9K – $466.5K
NOI $27,991 @ 7.0% cap · market cap 9.86%
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
341
Businesses Nearby
Explore this area
Business Placement
Demographics for 33815, FL
15,681
Population
7,646
Households
2.1
Avg Household Size
40
Median Age
11%
College-Educated
80%
High-School Grad
7.4 sq mi
ZIP Area
2,119
Density / Sq Mi
$36,445
Median Household Income
$32,637
Median Earnings
$1,078
Median Rent
$42,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Centrally located, fully occupied duplex in Lakeland, Florida.
Where is this duplex located?
The property is located at 2464 CHESTNUT WOODS DRIVE Lakeland, FL.
What is the asking price?
The asking price for this property is $283,900.
What are key features of this property?
This property features: Great investment opportunity with tenants already in place; Convenient central Lakeland location, close to I‑4; Two units (duplex) providing dual rental income
