Two-Residence Duplex
315 DORSETT AVENUE A & B, Lake Wales, FL 33853
For Sale
$400,000
Each home has a private entrance, full kitchen, separate utility meters, and washer/dryer hookups.
Property Size1,755 SF
Price / SF$227.92
Days on Market10
Property Features for 315 DORSETT AVENUE A & B
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Asking Price
Amenities
0.15 acres, Sidewalk
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 27-30-02-899000-008100, Public Survey Range: 27, Public Survey Section: 02, Annual Amount: $267, Tax Block: 8, Tax Book Number: 24-21, Legal Description: THULBERRYS SECOND SUB PB 24 PG 21 BLK 8 LOT 10, Lot: 10, Year: 2025, Zoning: IND
Luxury Vinyl
Central Air
Central
Electric Dryer Hookup, Inside, Laundry Closet, Washer Hookup
Listing ID: MFRP4940337, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-11-02, 1 day on market, Special Conditions: None
Driveway, Off Street, On Street, Oversized, Parking Pad
5 total bedrooms
Built in 2026, Living area: 1755, Living area units: Square Feet, Construction Materials: Stucco
Subdivision: THULBERRYS SECOND SUB, MLS Area (Major): 33853 - Lake Wales South, County/Parish: Polk
Completed
3 total bathrooms
Sidewalks
BB/HS Internet Available, Cable Available, Electricity Connected, Emergency Power, Fiber Optics, Sewer Connected, Water Connected, Water Source: Public
Slab
Allowed: Cats OK, Dogs OK, Yes
Road Surface: Paved
Patio/Porch Features: Covered, Front Porch, Patio, Private Entrance, Rain Gutters, Sidewalk
Ceiling Fans(s), Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Stone Counters, Tray Ceiling(s), Walk-In Closet(s)
Dishwasher, Microwave, Range, Refrigerator, Other equipment: Private Entrance
Building Details
Year Built
Buildings
Listing Agency:
FLORIDA REALTY MARKETPLACE
(863) 877-1915
Listed By:
Jenn Manzella · License FL #3383985
(863) 866-0335
Source:
Miharaandassociates
Added: Nov 2
Changed: Nov 10
Last Checked: Nov 10 at 7:52AM
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 FLORIDA REALTY MARKETPLACE
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two separate single-family homes share one lot, with a combined 1,755 square feet of living area. The 2026-built property includes a three-bedroom, two-bath residence and a two-bedroom, one-bath residence. Each home has a full kitchen, private entrance, separate water and electric meters, and washer/dryer hookups. There is no HOA.
The property is minutes from State Road 60 and US-27, as well as Walmart Supercenter, AdventHealth Lake Wales, Lake Wales Plaza, and local dining including Lake Wales Family Restaurant.
The property is minutes from State Road 60 and US-27, as well as Walmart Supercenter, AdventHealth Lake Wales, Lake Wales Plaza, and local dining including Lake Wales Family Restaurant.
Key Highlights
- Two residences on one lot, totaling 1,755 square feet
- One home has 3 bedrooms and 2 bathrooms; the other has 2 bedrooms and 1 bathroom
- Built in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,674
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,480
$373.5K
Cap Rate 7%
$266,771
$266.8K
Cap Rate 9%
$207,489
$207.5K
Market Conditions
NOI Build-Up for 1,755 SF
Gross rent
$28.4K $16.20/SF
− Vacancy
−$1.8K −$1.00/SF
EGI
$26.7K $15.20/SF
− OpEx
−$8.0K −$4.56/SF
NOI
$18.7K $10.64/SF
Area
Polk County, FL
Vacancy
6.17%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,480
Cap Rate 7%
$266,771
Cap Rate 9%
$207,489
Alternative Uses
Best Use
Multifamily LT 5
$266.8K
$233.4K – $311.2K
NOI $18,674 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$246.0K
$215.3K – $287.0K
NOI $17,220 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$448.1K
$392.1K – $522.8K
NOI $31,369 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
507
Businesses Nearby
Explore this area
Business Placement
Demographics for 33853, FL
12,404
Population
5,483
Households
2.3
Avg Household Size
38
Median Age
19%
College-Educated
85%
High-School Grad
8.7 sq mi
ZIP Area
1,426
Density / Sq Mi
$40,938
Median Household Income
$35,470
Median Earnings
$965
Median Rent
$198,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Polk County, FL
Properties on Market for Duplexes in Polk County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each home has a private entrance, full kitchen, separate utility meters, and washer/dryer hookups.
Where is this duplex located?
The property is located at 315 DORSETT AVENUE A & B Lake Wales, FL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two residences on one lot, totaling 1,755 square feet; One home has 3 bedrooms and 2 bathrooms; the other has 2 bedrooms and 1 bathroom; Built in 2026
