Three-Unit Triplex with Separate
For Sale
Under Contract
$200,000
302 Garrett Road E, Avon Park, FL 33825
Residential, Single Story, Avon Park, FL
Property Size1,980 SF
Lot Size1.74 Acres
Price / SF$101.01
Days on Market103
Property Features for 302 Garrett Road E
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R3
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3
Parking features
Driveway
Pets allowed
No
Exterior features
Stucco
Appliances
Refrigerator(s), Stove(s) / Range(s) Oven(s)
Directions
From US Hwy 27 and Hammock Rd, travel north on US Hwy 27 to right on W Hal McRae Blvd, right on S Lake Blvd, left on Garrett Rd, and property will be on the left.
Standard status
Active Under Contract
APN
C-27-33-28-150-0000-078A
Size
1,980 SF
Lot size
1.74 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
LACEY HILL-CONNELL UNREC SOUTH 97.02 OF WEST 795 FT OF THE NW 1/4 OF SE 1/4 LESS WEST 20 FT FULLY DESC IN OR 393-PG 857 T A NO 78A
Tax Annual Amount
7062
Legal Description
LACEY HILL-CONNELL UNREC SOUTH 97.02 OF WEST 795 FT OF THE NW 1/4 OF SE 1/4 LESS WEST 20 FT FULLY DESC IN OR 393-PG 857 T A NO 78A
Utilities
Heating system
Other (Heating)
Cooling system
Wall Unit(s)
Building Details
Year built
1976
Floors in Building
1
Flooring type
Tile
Building materials
Concrete Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX REALTY PLUS · RE/MAX International
(863) 385-0077
Listed By:
C Boring III
(863) 381-1298
Added: Jul 6
Changed: Sep 13
Last Checked: Oct 16 at 1:06AM
MLS# 326387
Copyright © 2026 Heartland Multiple Listing Service, Inc. 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 three-unit residential property at 302 Garrett Road E in Avon Park includes 1,980 square feet arranged as two two-bedroom, one-bath units and one one-bedroom, one-bath unit. Each residence has a full kitchen, living room, appliances, and separate driveway parking. Individual electric metering serves the units, while tile flooring, stucco exteriors, concrete block construction, shingle roofing, and wall-unit cooling are among the existing improvements. The property was built in 1976 and is offered as-is with work needed.
The 1.74-acre parcel is zoned R3 and positioned in Highlands County. Existing features include refrigerators, stove/range ovens, tile flooring, driveway parking, and separate residential accommodations within the triplex configuration.
The 1.74-acre parcel is zoned R3 and positioned in Highlands County. Existing features include refrigerators, stove/range ovens, tile flooring, driveway parking, and separate residential accommodations within the triplex configuration.
Key Highlights
- Three rental units totaling 1,980 square feet
- Unit mix includes two 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit
- Each unit is individually metered and includes a full kitchen and living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,884
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,680
$357.7K
Cap Rate 7%
$255,486
$255.5K
Cap Rate 9%
$198,711
$198.7K
Market Conditions
NOI Build-Up for 1,980 SF
Gross rent
$27.3K $13.80/SF
− Vacancy
−$1.8K −$0.90/SF
EGI
$25.5K $12.90/SF
− OpEx
−$7.7K −$3.87/SF
NOI
$17.9K $9.03/SF
Area
Highlands County, FL
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,680
Cap Rate 7%
$255,486
Cap Rate 9%
$198,711
Alternative Uses
Best Use
Multifamily LT 5
$255.5K
$223.6K – $298.1K
NOI $17,884 @ 7.0% cap · market cap 8.94%
Second Best
Apartment 5plus
$237.4K
$207.7K – $277.0K
NOI $16,619 @ 7.0% cap · market cap 8.31%
Theoretical Best
Office A
$411.9K
$360.4K – $480.6K
NOI $28,835 @ 7.0% cap · market cap 14.42%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
Explore this area
Business Placement
Demographics for 33825, FL
24,943
Population
12,519
Households
2
Avg Household Size
49
Median Age
13%
College-Educated
83%
High-School Grad
112.8 sq mi
ZIP Area
221
Density / Sq Mi
$46,604
Median Household Income
$32,352
Median Earnings
$902
Median Rent
$152,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Individually metered rental units include full kitchens, appliances, and distinct living spaces.
Where is this triplex located?
The property is located at 302 Garrett Road E Avon Park, FL.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Three rental units totaling 1,980 square feet; Unit mix includes two 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit; Each unit is individually metered and includes a full kitchen and living room
