Two-Home Duplex
512 Bayberry Drive Lake Park, FL 33403
512 Bayberry Drive, Lake Park, FL, 33403
Contact for pricing
Two completely separate residences on one lot, both renovated in 2023, with multiple parking options and an RV hook-up.
Property Size2,694 SF
Price / SF$278.03
AddedNov 6, 2025
Days on Market251
Last RefreshJul 15 at 12:16 pm
Property Features for 512 Bayberry Drive
General Information
- Standard status
- Active
- Size
- 2,694 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1958
Listing office Charles & Charles Realty LLC
Listing date Nov 6, 2025
Source Crexi
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 Charles & Charles Realty LLC
Investment Insights
Based on property information with market context.
This property is a special duplex-style setup with two completely separate homes on the same lot. Both the front and rear residences were newly renovated in 2023 and include two-year-old roofs, new attic insulation, impact windows and doors, laminate flooring throughout, and tiled bathrooms. Each home also features updated kitchens with quartz counters and stainless steel appliances, remodeled bathrooms, newer AC systems, and newer water heaters. The front house is a 2/2 with a large bonus room, carport, and laundry room. The rear house is a 2/1 with a bonus room and a laundry room, and it is positioned for privacy because it cannot be seen from the street.
Parking and access are well supported. There is a carport, driveway, gravel area, and a second driveway that together provide multiple parking spaces. An RV hook-up is also included; however, the listing notes that the RV does not convey.
With separate living spaces under one roofline of ownership, this configuration can suit tenants seeking long-term rentals, or operators interested in short-term rental flexibility. The combination of privacy in the rear unit and the shared-lot layout with dedicated parking areas can help streamline how the two homes are operated while keeping them functionally independent.
Parking and access are well supported. There is a carport, driveway, gravel area, and a second driveway that together provide multiple parking spaces. An RV hook-up is also included; however, the listing notes that the RV does not convey.
With separate living spaces under one roofline of ownership, this configuration can suit tenants seeking long-term rentals, or operators interested in short-term rental flexibility. The combination of privacy in the rear unit and the shared-lot layout with dedicated parking areas can help streamline how the two homes are operated while keeping them functionally independent.
Key Highlights
- Two completely separate residences on one lot, built in 1958
- Both homes renovated in 2023 with 2‑year‑old roofs, new attic insulation, and impact windows and doors
- Each home features updated interiors, including kitchens with quartz counters and stainless steel appliances, plus remodeled bathrooms
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 | $67.9k | $25.20 |
| − Vacancy | −$3.7k | −$1.39 |
| EGI | $64.2k | $23.81 |
| − OpEx | −$19.2k | −$7.14 |
| NOI | $44.9k | $16.67 |
2,694 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$641.5K
$561.4K – $748.5K
NOI $44,908 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$591.9K
$517.9K – $690.5K
NOI $41,432 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,809 @ 7.0% cap · market cap 17.73%
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 - Two completely separate residences on one lot, both renovated in 2023, with multiple parking options and an RV hook-up.
Where is this duplex located?
The property is located at 512 Bayberry Drive Lake Park, FL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Two completely separate residences on one lot, built in 1958; Both homes renovated in 2023 with 2‑year‑old roofs, new attic insulation, and impact windows and doors; Each home features updated interiors, including kitchens with quartz counters and stainless steel appliances, plus remodeled bathrooms
