Duplex with Two 2-Bedroom
3617 FRONTAGE ROAD N, Lakeland, FL 33810
For Sale
$264,990
Under Contract
Residential Income, LAKELAND, FL
Property Size1,352 SF
Lot Size0.23 Acres
Price / SF$195
Days on Market51
Property Features for 3617 FRONTAGE ROAD N
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Exterior features
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Building materials
Roof type
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
David Knight · License FL #3263900
(407) 453-1331
Added: Sep 23
Changed: Nov 6
Last Checked: Nov 12 at 8:06AM
MLS# O6444170
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.
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Investment Insights
Based on property information with market context.
This concrete duplex contains two independent residences, each with 2 bedrooms and 1 bathroom. The combined building area is 1,352 square feet on a 0.23-acre parcel. Both units have private entrances, and the roof was replaced in 2025.
Central heating and air conditioning serve the property. Public water and sewer are available, and cable service is available. The existing leases run through February 2027 and June 2027.
Central heating and air conditioning serve the property. Public water and sewer are available, and cable service is available. The existing leases run through February 2027 and June 2027.
Key Highlights
- Two separate 2‑bedroom, 1‑bath residences
- 1,352 square feet on a 0.23‑acre parcel
- Roof replaced in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,335
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,700
$286.7K
Cap Rate 7%
$204,786
$204.8K
Cap Rate 9%
$159,278
$159.3K
Market Conditions
NOI Build-Up for 1,352 SF
Gross rent
$21.9K $16.20/SF
− Vacancy
−$1.4K −$1.05/SF
EGI
$20.5K $15.15/SF
− OpEx
−$6.1K −$4.54/SF
NOI
$14.3K $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%
$286,700
Cap Rate 7%
$204,786
Cap Rate 9%
$159,278
Alternative Uses
Best Use
Multifamily LT 5
$204.8K
$179.2K – $238.9K
NOI $14,335 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$182.9K
$160.1K – $213.4K
NOI $12,806 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$324.9K
$284.3K – $379.1K
NOI $22,743 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
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Business Placement
Demographics for 33810, FL
52,037
Population
21,836
Households
2.4
Avg Household Size
42
Median Age
20%
College-Educated
88%
High-School Grad
64.6 sq mi
ZIP Area
806
Density / Sq Mi
$69,738
Median Household Income
$38,416
Median Earnings
$1,407
Median Rent
$245,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lakeland, FL
Properties on Market for Duplexes in Lakeland
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have separate entrances, and the roof was replaced in 2025.
Where is this duplex located?
The property is located at 3617 FRONTAGE ROAD N Lakeland, FL.
What is the asking price?
The asking price for this property is $264,990.
What are key features of this property?
This property features: Two separate 2‑bedroom, 1‑bath residences; 1,352 square feet on a 0.23‑acre parcel; Roof replaced in 2025
