Two-Unit Residential Income
501 AVENUE G SE Winter Haven, FL 33880
501 AVENUE G SE, Winter Haven, FL, 33880
$319,900
For Sale
$319,900
MULTI_FAMILY - WINTER HAVEN, FL
Property Size1,816 SF
Lot Size0.24 Acres
Price / SF$176.16
Days on Market23
Property Features for 501 AVENUE G SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R-1B
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 3, Dining Room
- Patio and Porch features
- Porch
- Pets allowed
- Dogs OK, Number Limit, Size Limit, Cats OK
- Interior features
- Ceiling Fans(s), Living Room/Dining Room Combo
- Exterior features
- Courtyard, Sidewalk
- Fireplace
- 1
- Appliances
- Range, Refrigerator
- Standard status
- Active
- APN
- 26-28-28-610700-000090
- Size
- 1,816 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- FANNING SUBDIVISION PB 35 PG 16 LOT 9
- Tax Annual Amount
- 3610
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central, Ductless (Heating)
- Cooling system
- Attic Fan, Central Air
- Water source
- Public
Building Details
- Year built
- 1955
- Floors in Building
- 1
- Flooring type
- Tile - Ceramic, Laminate
- Building materials
- Block
- Roof type
- Shingle
Listing agency
LPT REALTY, LLC
(877) 366-2213
Listed by
Nomar Rosa · License #3375671
(646) 673-3900
Added: Jun 29 Updated: Jul 21 at 2:52PM Checked: Jul 21 at 7:06PM
MLS# O6420791
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.
This residential income property is legally classified as a single-family home but is currently configured as two separate living units. The front unit includes 3 bedrooms, 1 bathroom, a private carport, a laundry room, a separate entrance, and a private backyard. The rear unit offers 1 bedroom, 1 bathroom, a private entrance, and a private backyard, and it is currently rented for over $1,200 per month. The rear unit has been upgraded with a new mini-split A/C system.
Per the provided zoning, the property is in an R-1B district, and it is serviced by one water meter and two separate electrical meters. The rear unit received 2023 updates including new flooring and interior paint, along with installation of the new mini-split A/C; the exterior also received fresh paint and updated kitchen countertops are noted. Located in Winter Haven, the property is described as being minutes from downtown Winter Haven and the Chain of Lakes, with access to US-27 and I-4, plus convenient reach to Orlando International Airport and major Central Florida destinations.
The front unit is described as having an estimated rental value of $1,650–$1,750 per month, supporting an indicated projected combined rental income of approximately $2,850–$3,000+ per month.
Per the provided zoning, the property is in an R-1B district, and it is serviced by one water meter and two separate electrical meters. The rear unit received 2023 updates including new flooring and interior paint, along with installation of the new mini-split A/C; the exterior also received fresh paint and updated kitchen countertops are noted. Located in Winter Haven, the property is described as being minutes from downtown Winter Haven and the Chain of Lakes, with access to US-27 and I-4, plus convenient reach to Orlando International Airport and major Central Florida destinations.
The front unit is described as having an estimated rental value of $1,650–$1,750 per month, supporting an indicated projected combined rental income of approximately $2,850–$3,000+ per month.
Key Highlights
- Legally classified as a single‑family home configured as 2 separate living units for house hacking or multi‑generational living
- Front unit: 3 bedrooms, 1 bathroom with private carport, laundry room, separate entrance, and private backyard
- Rear unit: 1 bedroom, 1 bathroom with private entrance and private backyard; currently rented for over $1,200/month
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.4k | $16.20 |
| − Vacancy | −$1.9k | −$1.05 |
| EGI | $27.5k | $15.15 |
| − OpEx | −$8.3k | −$4.54 |
| NOI | $19.3k | $10.60 |
1,816 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$275.1K
$240.7K – $320.9K
NOI $19,255 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$245.7K
$215.0K – $286.7K
NOI $17,201 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$436.4K
$381.9K – $509.1K
NOI $30,548 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Property is configured as two separate units with a private carport for the front unit and a mini-split A/C in the rear unit.
Where is this duplex located?
The property is located at 501 AVENUE G SE Winter Haven, FL.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Legally classified as a single‑family home configured as 2 separate living units for house hacking or multi‑generational living; Front unit: 3 bedrooms, 1 bathroom with private carport, laundry room, separate entrance, and private backyard; Rear unit: 1 bedroom, 1 bathroom with private entrance and private backyard; currently rented for over $1,200/month
