Half-Duplex with Fenced
New
For Sale
$150,000
5519 YALE STREET, Lakeland, FL 33810
North Lakeland half-duplex with an attached garage, private yard, and updated interior features.
Property Size978 SF
Price / SF$153.37
Days on Market5
Property Features for 5519 YALE STREET
General Information
Standard status
Active
Size
978 SF
Total Parking Spaces
1
Property subtype
Half Duplex
Property Condition
Severity
Minor
Evidence
minor repairs
Additional Details
Highway Access
Yes
Multifamily Units
1
Amenities
upgraded flooring
energy-efficient windows
sliding glass door
fully fenced backyard
0.11 acres
Shingle
Septic Tank
Additional parcels description:, Parcel Number: 23-27-23-008000-000633, Public Survey Range: 23, Public Survey Section: 23, Annual Amount: $2,249.08, Tax Book Number: 14-39, Legal Description: GIBSONIA UNIT NO 1 PG 14 PG 39 LOT 63 S 47.50 FT OF S1/2, Lot: 63, Year: 2025
Laminate, Tile
1 space
Central Air
Central, Electric
Electric Dryer Hookup, In Garage, Washer Hookup
Listing ID: MFRL4964221, Standard Status: Active, MLS Status: Active, Property Subtype: Half Duplex, On market as of 2026-08-12, 2 days on market, Special Conditions: None
2 total bedrooms
Built in 2006, Living area: 978, Living area units: Square Feet, Building faces West, 1 storey, Levels: One, Construction Materials: Block, Stucco
Subdivision: GIBSONIA, MLS Area (Major): 33810 - Lakeland, County/Parish: Polk
Fixer
2 total bathrooms, 2 full bathrooms
Electricity Available, Water Source: Public
Slab
Road Surface: Paved
Private Yard, Rain Gutters, Sliding Doors
Ceiling Fans(s), Living Room/Dining Room Combo, Thermostat
Dishwasher, Dryer, Range, Refrigerator, Washer, Other equipment: Private Yard
Building Details
Year Built
2006
Listing Agency:
REAL ASSET REALTY
(863) 272-9885
Listed By:
Austin McKenzie · License #3489660
Source:
Miharaandassociates
Added: Aug 12
Changed: Aug 16
Last Checked: Aug 16 at 6:17AM
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 REAL ASSET REALTY
Investment Insights
Based on property information with market context.
This North Lakeland half-duplex includes 978 SF of living space, an attached one-car garage, and a fully enclosed backyard without HOA restrictions. Interior improvements include upgraded flooring and energy-efficient windows. A sliding glass door connects the dining area with the rear yard. The property was built in 2006 and requires some minor repairs.
Shopping, dining, schools, and Walmart are nearby, with access to US-98 and I-4 providing connections through the surrounding area. The layout and existing features support residential income use or future owner occupancy, as described for the property.
Shopping, dining, schools, and Walmart are nearby, with access to US-98 and I-4 providing connections through the surrounding area. The layout and existing features support residential income use or future owner occupancy, as described for the property.
Key Highlights
- 978 SF half‑duplex built in 2006
- Attached 1‑car garage
- Fully fenced backyard with no HOA
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,264
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$185,280
$185.3K
Cap Rate 7%
$132,343
$132.3K
Cap Rate 9%
$102,933
$102.9K
Market Conditions
NOI Build-Up for 978 SF
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.
Gross rent
$18.0K $18.36/SF
− Vacancy
−$1.1K −$1.14/SF
EGI
$16.8K $17.22/SF
− OpEx
−$7.6K −$7.75/SF
NOI
$9.3K $9.47/SF
Area
Lakeland, 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$185,280
Cap Rate 7%
$132,343
Cap Rate 9%
$102,933
Alternative Uses
Best Use
Apartment 5plus
$132.3K
$115.8K – $154.4K
NOI $9,264 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$235.0K
$205.7K – $274.2K
NOI $16,452 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
550
Businesses Nearby
Explore this area
Business Placement
Demographics for 33810, FL
52,037
Population
21,836
Households
2.4
Avg Household Size
42
Median Age
20%
College-Educated
88%
High-School Grad
64.6 sq mi
ZIP Area
806
Density / Sq Mi
$69,738
Median Household Income
$38,416
Median Earnings
$1,407
Median Rent
$245,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - North Lakeland half-duplex with an attached garage, private yard, and updated interior features.
Where is this multifamily property located?
The property is located at 5519 YALE STREET Lakeland, FL.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 978 SF half‑duplex built in 2006; Attached 1‑car garage; Fully fenced backyard with no HOA
