Tenant-Occupied
423 MAIN Street, Lake Hamilton, FL 33851
For Sale
New
$348,000
Residential Income, LAKE HAMILTON, FL
Property Size2,352 SF
Lot Size0.23 Acres
Price / SF$147.96
Days on Market4
Property Features for 423 MAIN Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Window features
Patio and Porch features
Pets allowed
Interior features
Exterior features
Basement
Appliances
Subdivision
Lot features
View
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
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
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Additional Structures
Buildings
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Perry Kemp · License FL #3241757
(863) 289-9238
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 7:06AM
MLS# P4940409
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 2,352-square-foot triplex contains three tenant-occupied residential units. The building dates to 1926 and sits on a 0.23-acre parcel zoned R-1A. Interior features include a kitchen and family room combination, while exterior amenities include a balcony, storage, a porch, and a patio.
The property is in Lake Hamilton, with access to Hwy 27 and I-4, as well as routes to Disney and Legoland. Public water and septic service are in place, and off-street parking is available.
The property is in Lake Hamilton, with access to Hwy 27 and I-4, as well as routes to Disney and Legoland. Public water and septic service are in place, and off-street parking is available.
Key Highlights
- All three units are tenant‑occupied and rented
- 2,352 square feet of building area on a 0.23‑acre parcel
- R‑1A zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,026
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,520
$500.5K
Cap Rate 7%
$357,514
$357.5K
Cap Rate 9%
$278,067
$278.1K
Market Conditions
NOI Build-Up for 2,352 SF
Gross rent
$38.1K $16.20/SF
− Vacancy
−$2.4K −$1.00/SF
EGI
$35.8K $15.20/SF
− OpEx
−$10.7K −$4.56/SF
NOI
$25.0K $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%
$500,520
Cap Rate 7%
$357,514
Cap Rate 9%
$278,067
Alternative Uses
Best Use
Multifamily LT 5
$357.5K
$312.8K – $417.1K
NOI $25,026 @ 7.0% cap · market cap 7.19%
Second Best
Apartment 5plus
$329.7K
$288.5K – $384.6K
NOI $23,078 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$600.6K
$525.5K – $700.7K
NOI $42,039 @ 7.0% cap · market cap 12.08%
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
3
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
Explore this area
Business Placement
Demographics for 33851, FL
991
Population
361
Households
2.7
Avg Household Size
39
Median Age
13%
College-Educated
77%
High-School Grad
1.3 sq mi
ZIP Area
762
Density / Sq Mi
$77,557
Median Household Income
$43,021
Median Earnings
$175,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Polk County, FL
Properties on Market for Triplexes in Polk County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - The three residential units are currently rented and occupied.
Where is this triplex located?
The property is located at 423 MAIN Street Lake Hamilton, FL.
What is the asking price?
The asking price for this property is $348,000.
What are key features of this property?
This property features: All three units are tenant‑occupied and rented; 2,352 square feet of building area on a 0.23‑acre parcel; R‑1A zoning
