5-Unit Apartment
For Sale
$650,000
520 S BROADWAY Avenue, Bartow, FL 33830
Commercial Sale, BARTOW, FL
Property Size3,767 SF
Lot Size0.18 Acres
Price / SF$172.55
Days on Market50
Property Features for 520 S BROADWAY Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R-3
Window features
Blinds
Basement
Crawl Space
Appliances
Refrigerator
Subdivision
BUCKS ADD
Lot features
Curb and Gutters, Historic District, City Limits, Sidewalk, Paved
Directions
From Hwy 60 and Broadway, turn (SOUTH) on Broadway and property will be on the (LEFT)
Standard status
Active
APN
25-30-08-000000-033170
Size
3,767 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG 264 FT S OF NW COR OF NW1/4 RUN E 150 FT S 73 FT W 150 FT N TO BEG
Tax Annual Amount
8249
Legal Description
BEG 264 FT S OF NW COR OF NW1/4 RUN E 150 FT S 73 FT W 150 FT N TO BEG
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Window Unit(s), Wall/Window Unit(s), Central Air
Water source
Public
Building Details
Year built
1910
Floors in Building
2
Number of units
5
Flooring type
Vinyl, Carpet
Building materials
Frame
Roof type
Shingle
Listing Agency:
CENTURY 21 MYERS REALTY · Century 21 Real Estate
(863) 875-5656
Listed By:
Michael Brenner · License #3069077
(863) 557-3300
Added: Aug 22
Changed: Oct 7
Last Checked: Oct 10 at 5:06AM
MLS# S5156077
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 1910, this 3,767-square-foot, five-unit apartment property sits on a 0.18-acre parcel and is zoned R-3. The unit mix includes three two-bedroom, one-bath apartments, one one-bedroom, one-bath apartment, and a studio with a full bath. All five units are leased. The shingle roof was replaced in 2021, HVAC work was completed in 2022, and plumbing improvements followed in 2025. Some apartments have also received kitchen, flooring, and bathroom updates.
The property is close to downtown Bartow. Public water and sewer serve the site, and electricity is available. Heating is central; cooling includes central air and window or wall units.
The property is close to downtown Bartow. Public water and sewer serve the site, and electricity is available. Heating is central; cooling includes central air and window or wall units.
Key Highlights
- Five apartments: three 2‑bedroom/1‑bath units, one 1‑bedroom/1‑bath unit, and one studio with a full bath
- 3,767 square feet on a 0.18‑acre parcel
- All five units are leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,681
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$713,620
$713.6K
Cap Rate 7%
$509,729
$509.7K
Cap Rate 9%
$396,456
$396.5K
Market Conditions
NOI Build-Up for 3,767 SF
Gross rent
$69.2K $18.36/SF
− Vacancy
−$4.3K −$1.14/SF
EGI
$64.9K $17.22/SF
− OpEx
−$29.2K −$7.75/SF
NOI
$35.7K $9.47/SF
Area
Polk County, FL
Vacancy
6.20%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$713,620
Cap Rate 7%
$509,729
Cap Rate 9%
$396,456
Alternative Uses
Best Use
Apartment 5plus
$509.7K
$446.0K – $594.7K
NOI $35,681 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$905.2K
$792.1K – $1.06M
NOI $63,367 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
849
Businesses Nearby
Explore this area
Business Placement
Demographics for 33830, FL
29,926
Population
11,989
Households
2.5
Avg Household Size
38
Median Age
18%
College-Educated
85%
High-School Grad
120.5 sq mi
ZIP Area
248
Density / Sq Mi
$62,636
Median Household Income
$37,078
Median Earnings
$1,017
Median Rent
$207,900
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
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Frequently Asked Questions
What type of property is this?
Apartment building - The fully leased property combines a varied apartment mix with documented roof, HVAC, plumbing, and interior improvements.
Where is this apartment building located?
The property is located at 520 S BROADWAY Avenue Bartow, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Five apartments: three 2‑bedroom/1‑bath units, one 1‑bedroom/1‑bath unit, and one studio with a full bath; 3,767 square feet on a 0.18‑acre parcel; All five units are leased
