Four-Unit Multifamily
For Sale
$435,000
275 7TH St SW, Winter Haven, FL 33880
Fully leased residential income property with individual kitchens, appliances, and on-site parking near Downtown Winter Haven.
Property Size2,160 SF
Days on Market79
Property Features for 275 7TH St SW
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Investment
Occupancy
100%
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,830
Building Details
Building Size
2,160 SF
Year Built
1961
Units
4
Listing Agency:
MAZELG REALTY
(765) 434-1802
Listed By:
Mary Sorrell · License #3392213
(765) 434-1802
Source:
Elliman
Added: Jun 14
Changed: Aug 30
Last Checked: Aug 30 at 10:39PM
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 MAZELG REALTY
Investment Insights
Based on property information with market context.
Built in 1961, this four-unit residential income property contains four separate one-bedroom, one-bath units. Each unit includes a kitchen and appliances, while the property provides on-site parking and operates without an HOA or CDD fees. All four units are currently leased, and tenants handle their own utilities; lawn maintenance remains the owner’s responsibility.
The property is located at 275 7TH St SW in Winter Haven, with access to Downtown Winter Haven, restaurants, shopping, medical facilities, parks, entertainment, and major roadways within minutes. The surrounding neighborhood is established, and the property offers a simple configuration for continued operation as a multifamily rental asset.
The property is located at 275 7TH St SW in Winter Haven, with access to Downtown Winter Haven, restaurants, shopping, medical facilities, parks, entertainment, and major roadways within minutes. The surrounding neighborhood is established, and the property offers a simple configuration for continued operation as a multifamily rental asset.
Key Highlights
- Four 1‑bedroom, 1‑bath units, each with a kitchen and appliances
- All four units are currently leased
- Built in 1961
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
$22,902
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
5.26%
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%
$458,040
$458.0K
Cap Rate 7%
$327,171
$327.2K
Cap Rate 9%
$254,467
$254.5K
Market Conditions
NOI Build-Up for 2,160 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
$35.0K $16.20/SF
− Vacancy
−$2.3K −$1.05/SF
EGI
$32.7K $15.15/SF
− OpEx
−$9.8K −$4.54/SF
NOI
$22.9K $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%
$458,040
Cap Rate 7%
$327,171
Cap Rate 9%
$254,467
Alternative Uses
Best Use
Multifamily LT 5
$327.2K
$286.3K – $381.7K
NOI $22,902 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$292.3K
$255.7K – $341.0K
NOI $20,459 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$519.1K
$454.2K – $605.6K
NOI $36,335 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,312
Businesses Nearby
Explore this area
Business Placement
Demographics for 33880, FL
42,005
Population
17,055
Households
2.5
Avg Household Size
38
Median Age
17%
College-Educated
84%
High-School Grad
32.4 sq mi
ZIP Area
1,296
Density / Sq Mi
$56,803
Median Household Income
$35,051
Median Earnings
$1,128
Median Rent
$200,900
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?
Quadplex - Fully leased residential income property with individual kitchens, appliances, and on-site parking near Downtown Winter Haven.
Where is this quadplex located?
The property is located at 275 7TH St SW Winter Haven, FL.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Four 1‑bedroom, 1‑bath units, each with a kitchen and appliances; All four units are currently leased; Built in 1961
