2-Unit
For Sale
$439,900
425 PEARL Street, Lake Hamilton, FL 33851
Residential Income, LAKE HAMILTON, FL
Property Size2,215 SF
Lot Size0.23 Acres
Price / SF$198.60
Days on Market8
Property Features for 425 PEARL Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
R-2
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Dining Room, Bathroom 2, Bathroom 4, Bedroom 3, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 2
Parking features
Driveway
Patio and Porch features
Porch
Interior features
Living Room/Dining Room Combo, Open Floorplan, Stone Counters, Thermostat
Exterior features
Private Mailbox, Rain Gutters, Sidewalk, Smart Irrigation, Sprinkler Metered
Appliances
Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
Subdivision
MILLER J T SUB
Elementary school
Alta Vista Elem
Middle school
Boone Middle
High school
Haines City Senior High
Directions
From US Highway 27,Turn left onto County Rd 546 E/Kokomo Rd, Turn left onto Rose St, Turn left onto Pearl St the duplex is on the left.
Standard status
Active
APN
27-28-09-822000-021000
Size
2,215 SF
Lot size
0.23 Acres
Additional Details
Individually Metered Utilities
water, electricity
Taxes and HOA fees
Tax Year
2025
Tax Description
MILLER J T SUB PB 4 PG 87 BLK B LOTS 10 & 11
Tax Annual Amount
722
Legal Description
MILLER J T SUB PB 4 PG 87 BLK B LOTS 10 & 11
Utilities
Utilities
Water Available
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2026
Flooring type
Tile
Building materials
Block, Concrete, Stucco
Roof type
Shingle
Listing Agency:
LA ROSA REALTY LLC
(321) 939-3748
Listed By:
Fatima Pereira De Araque
(407) 861-0800
Added: Oct 22
Changed: Oct 28
Last Checked: Oct 29 at 2:06AM
MLS# O6451995
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 duplex contains two independent residences, each arranged with two bedrooms, two full bathrooms, and an open living and dining area. Each home has a private entry, covered porch, laundry closet, and concrete driveway. Interior finishes include tile flooring and kitchens with granite counters and stainless steel appliances. The property is under construction and includes 2,215 square feet of heated living area, with 2,263 square feet under roof, on a 0.23-acre lot.
Separate water and electric meters are installed for the two residences. The property is zoned R-2 and has access to US Highway 27, with Davenport, Haines City, and Winter Haven among the nearby communities identified.
Separate water and electric meters are installed for the two residences. The property is zoned R-2 and has access to US Highway 27, with Davenport, Haines City, and Winter Haven among the nearby communities identified.
Key Highlights
- Two separate residences, each with 2 bedrooms and 2 full bathrooms
- 2,215 square feet of heated living area and 2,263 square feet under roof
- 0.23‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,485
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,700
$469.7K
Cap Rate 7%
$335,500
$335.5K
Cap Rate 9%
$260,944
$260.9K
Market Conditions
NOI Build-Up for 2,215 SF
Gross rent
$35.9K $16.20/SF
− Vacancy
−$2.3K −$1.05/SF
EGI
$33.6K $15.15/SF
− OpEx
−$10.1K −$4.54/SF
NOI
$23.5K $10.60/SF
Area
Polk County, 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%
$469,700
Cap Rate 7%
$335,500
Cap Rate 9%
$260,944
Alternative Uses
Best Use
Multifamily LT 5
$335.5K
$293.6K – $391.4K
NOI $23,485 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$299.7K
$262.3K – $349.7K
NOI $20,980 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$532.3K
$465.8K – $621.0K
NOI $37,260 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
48
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
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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 - Separate water and electric meters serve each residence.
Where is this duplex located?
The property is located at 425 PEARL Street Lake Hamilton, FL.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: Two separate residences, each with 2 bedrooms and 2 full bathrooms; 2,215 square feet of heated living area and 2,263 square feet under roof; 0.23‑acre lot
