Duplex with Tenant-Occupied
For Sale
Under Contract
$345,000
3520 AVENUE V NW, Winter Haven, FL 33881
MULTI_FAMILY - WINTER HAVEN, FL
Property Size2,249 SF
Lot Size0.36 Acres
Price / SF$153.40
Days on Market53
Property Features for 3520 AVENUE V NW
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-1
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 2, Bathroom 3, Bedroom 5
Subdivision
INWOOD
Directions
From I-4 W, take Exit 48 and merge onto County Road 557. Turn right onto Shinn Boulevard, then turn left onto Jersey Road/E Valley Pike. Continue and bear slightly right onto Lake Boulevard. Turn left onto Avenue V NW.
Standard status
Active Under Contract
APN
25-28-13-342500-010890
Size
2,249 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
INWOOD UNIT 4 PB 9 PG 35A 35B S13/24 T28 R25 LOTS 1089 & 1090
Tax Annual Amount
5404
Legal Description
INWOOD UNIT 4 PB 9 PG 35A 35B S13/24 T28 R25 LOTS 1089 & 1090
Utilities
Utilities
Electricity Available
Sewer type
Septic Tank
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1951
Flooring type
Tile, Wood
Building materials
Block
Roof type
Shingle
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Tyler Gibson LLC · License #3454664
(877) 366-2213
Added: Jun 10
Changed: Jul 31
Last Checked: Aug 1 at 9:06AM
MLS# O6413105
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.
Investment Insights
Based on property information with market context.
This tenant-occupied duplex includes two separate rental units, totaling 2,249 sq ft of heated space across two buildings. The front unit is a 3-bedroom, 2-bath layout, and the rear unit offers a 2-bedroom, 1-bath configuration. The rear unit also includes its own fenced backyard. Both units are tenant occupied.
Set on a 0.36-acre lot (approximately 15,794 sq ft), the property was previously refurbished and includes new roofs. Building materials are block construction, and the interiors feature tile and wood flooring. Mechanical and utility elements include central air, electric heat, public water, and a septic tank.
Additional conveniences include washer/dryer plumbing for both units. The property is in Winter Haven’s established Inwood area, with access to downtown shopping, entertainment, schools, medical facilities, major highways, and a nearby lake public park, jogging trail, and playground. No HOA is noted.
Set on a 0.36-acre lot (approximately 15,794 sq ft), the property was previously refurbished and includes new roofs. Building materials are block construction, and the interiors feature tile and wood flooring. Mechanical and utility elements include central air, electric heat, public water, and a septic tank.
Additional conveniences include washer/dryer plumbing for both units. The property is in Winter Haven’s established Inwood area, with access to downtown shopping, entertainment, schools, medical facilities, major highways, and a nearby lake public park, jogging trail, and playground. No HOA is noted.
Key Highlights
- Two tenant‑occupied rental units with 2,249 sq ft of heated space across two buildings
- Front unit: 3‑bedroom, 2‑bath; rear unit: 2‑bedroom, 1‑bath with fenced backyard
- 0.36‑acre lot (approximately 15,794 sq ft)
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.4k | $16.20 |
| − Vacancy | −$2.4k | −$1.05 |
| EGI | $34.1k | $15.15 |
| − OpEx | −$10.2k | −$4.54 |
| NOI | $23.8k | $10.60 |
2,249 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$340.7K
$298.1K – $397.4K
NOI $23,846 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$304.3K
$266.3K – $355.0K
NOI $21,302 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$540.5K
$472.9K – $630.5K
NOI $37,832 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
526
Businesses Nearby
Explore this area
Business Placement
Demographics for 33881, FL
38,369
Population
17,948
Households
2.1
Avg Household Size
44
Median Age
18%
College-Educated
85%
High-School Grad
21.9 sq mi
ZIP Area
1,752
Density / Sq Mi
$53,867
Median Household Income
$33,941
Median Earnings
$1,153
Median Rent
$177,400
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?
Duplex - R-1 duplex on a 0.36-acre lot with central air, electric heat, and two tenant-occupied rental units.
Where is this duplex located?
The property is located at 3520 AVENUE V NW Winter Haven, FL.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Two tenant‑occupied rental units with 2,249 sq ft of heated space across two buildings; Front unit: 3‑bedroom, 2‑bath; rear unit: 2‑bedroom, 1‑bath with fenced backyard; 0.36‑acre lot (approximately 15,794 sq ft)
