Duplex with Private
For Sale
$264,990
3617 FRONTAGE ROAD N, Lakeland, FL 33810
Residential Income, LAKELAND, FL
Property Size1,352 SF
Lot Size0.23 Acres
Price / SF$195
Days on Market14
Property Features for 3617 FRONTAGE ROAD N
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 2
Interior features
Ninguno
Exterior features
Private Entrance, Private Mailbox, Private Yard
Subdivision
NOT IN A SUBDIVISION
Directions
From N Galloway Rd, turn onto N Frontage Rd. Continue on N Frontage Rd to 3617/3619 Frontage Rd N. Property will be on your right.
Standard status
Active
APN
232816-000000-034270
Size
1,352 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COMM SW COR NE1/4 OF SW1/4 OF NW1/4 RUN E 266.17 FT N 20 DEG 30 MIN 53 SEC E ALONG R/W 316.05 FT NELY ALONG CURVE ON R/W 46.6 FT FOR POB RUN N 49
Tax Annual Amount
2457
Legal Description
COMM SW COR NE1/4 OF SW1/4 OF NW1/4 RUN E 266.17 FT N 20 DEG 30 MIN 53 SEC E ALONG R/W 316.05 FT NELY ALONG CURVE ON R/W 46.6 FT FOR POB RUN N 49
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1980
Building materials
Concrete
Roof type
Shingle
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
David Knight · License #3263900
(407) 453-1331
Added: Sep 23
Changed: Oct 6
Last Checked: Oct 6 at 7:06PM
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.
Investment Insights
Based on property information with market context.
Built in 1980, this concrete duplex contains two separate units, each arranged with two bedrooms and one bathroom. The combined building area is 1,352 square feet on a 0.23-acre parcel. Each unit has a private entrance, and the property includes a private yard and private mailbox.
The roof was replaced in 2025. Central heating and central air conditioning serve the building, with public water and sewer available. Cable service is also available.
The roof was replaced in 2025. Central heating and central air conditioning serve the building, with public water and sewer available. Cable service is also available.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,352 square feet of building area 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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
Explore this area
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
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer a separate 2-bedroom, 1-bath layout, with central heating and air conditioning.
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 units, each with 2 bedrooms and 1 bathroom; 1,352 square feet of building area on a 0.23‑acre parcel; Roof replaced in 2025
