Updated Two-Unit
New
For Sale
$349,990
5661 STRUTHERS COURT, Winter Haven, FL 33884
One residence is leased, while the second is vacant and ready for occupancy or a new tenant.
Property Size1,560 SF
Price / SF$224.35
Days on Market6
Property Features for 5661 STRUTHERS COURT
General Information
Standard status
Active
Size
1,560 SF
Property subtype
Duplex
Building Details
Year Built
1984
Listing Agency:
FLATFEE.COM
(954) 965-3990
Listed By:
Cliff Glansen · License #0707077
(877) 575-5505
Source:
Endlesssummerrealty
Added: Oct 1
Changed: Oct 6
Last Checked: Oct 5 at 5:49PM
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 FLATFEE.COM
Investment Insights
Based on property information with market context.
This 1984 duplex contains two 2-bedroom, 1-bath units across 1,560 square feet. Both feature open kitchens, living areas, and generously sized bedrooms. The property is in working and living condition, with a 2025 roof and air-conditioning systems installed in 2025 and 2017.
Set on approximately 0.22 acres in Winter Haven, the duplex has one occupied unit and one vacant unit. The vacant side can accommodate an owner or a tenant, while both units can be operated as rentals.
Set on approximately 0.22 acres in Winter Haven, the duplex has one occupied unit and one vacant unit. The vacant side can accommodate an owner or a tenant, while both units can be operated as rentals.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,560 square feet on approximately 0.22 acres
- One unit rented; the other is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,541
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,820
$330.8K
Cap Rate 7%
$236,300
$236.3K
Cap Rate 9%
$183,789
$183.8K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$25.3K $16.20/SF
− Vacancy
−$1.6K −$1.05/SF
EGI
$23.6K $15.15/SF
− OpEx
−$7.1K −$4.54/SF
NOI
$16.5K $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%
$330,820
Cap Rate 7%
$236,300
Cap Rate 9%
$183,789
Alternative Uses
Best Use
Multifamily LT 5
$236.3K
$206.8K – $275.7K
NOI $16,541 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$211.1K
$184.7K – $246.3K
NOI $14,776 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$374.9K
$328.0K – $437.4K
NOI $26,242 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
Explore this area
Business Placement
Demographics for 33884, FL
34,772
Population
15,876
Households
2.2
Avg Household Size
48
Median Age
29%
College-Educated
92%
High-School Grad
24.9 sq mi
ZIP Area
1,396
Density / Sq Mi
$70,516
Median Household Income
$41,660
Median Earnings
$1,523
Median Rent
$269,400
Median Home Value
Check the figures for this property
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?
Duplex - One residence is leased, while the second is vacant and ready for occupancy or a new tenant.
Where is this duplex located?
The property is located at 5661 STRUTHERS COURT Winter Haven, FL.
What is the asking price?
The asking price for this property is $349,990.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,560 square feet on approximately 0.22 acres; One unit rented; the other is vacant
