Duplex with Private
For Sale
$264,990
3617 Frontage Rd N, Lakeland, FL 33815
Two private entrances, separate yard areas, and central air serve this Lakeland residential property.
Property Size1,352 SF
Price / SF$195
Days on Market29
Property Features for 3617 Frontage Rd N
General Information
Standard status
Active
Size
1,352 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$2,456
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
David Knight · License #3263900
(407) 453-1331
Source:
Exprealty
Added: Sep 23
Changed: Oct 19
Last Checked: Oct 20 at 9:49PM
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 EXP REALTY LLC
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Investment Insights
Based on property information with market context.
Built in 1980, this duplex contains 1,352 square feet and features central air. Each residence has a private entrance and private yard, providing distinct access and outdoor space for the two units.
The property is located at 3617 and 3619 Frontage Road North in Lakeland, Florida.
The property is located at 3617 and 3619 Frontage Road North in Lakeland, Florida.
Key Highlights
- 1,352‑square‑foot duplex
- Built in 1980
- Private entrance and yard for each residence
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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Property Analytics
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Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
Explore this area
Business Placement
Demographics for 33815, FL
15,681
Population
7,646
Households
2.1
Avg Household Size
40
Median Age
11%
College-Educated
80%
High-School Grad
7.4 sq mi
ZIP Area
2,119
Density / Sq Mi
$36,445
Median Household Income
$32,637
Median Earnings
$1,078
Median Rent
$42,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two private entrances, separate yard areas, and central air serve this Lakeland residential property.
Where is this duplex located?
The property is located at 3617 Frontage Rd 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: 1,352‑square‑foot duplex; Built in 1980; Private entrance and yard for each residence
