Renovated Duplex Near
For Sale
Under Contract
$269,995
585 S 3RD Avenue, Bartow, FL 33830
Residential Income, BARTOW, FL
Property Size1,080 SF
Lot Size0.19 Acres
Price / SF$249
Days on Market52
Property Features for 585 S 3RD Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 1
Window features
Blinds
Interior features
Stone Counters, Thermostat, Window Treatments
Exterior features
Fence
Fencing
Fenced
Subdivision
SOUTH FLORIDA RR ADD
Directions
Turn W on Wabush. Turn left on 3rd ave. to property on the right.
Standard status
Active Under Contract
APN
25-30-08-414500-081060
Size
1,080 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SOUTH FLORIDA RR ADD PB 1 PG 27 TIER 8 BLK 1 LOT 6
Tax Annual Amount
4606
Legal Description
SOUTH FLORIDA RR ADD PB 1 PG 27 TIER 8 BLK 1 LOT 6
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1956
Floors in Building
1
Building materials
Block
Roof type
Shingle
Listing Agency:
KELLER WILLIAMS TAMPA CENTRAL · Keller Williams Realty
(813) 865-0700
Listed By:
Elif Fitts · License #3314907
(813) 944-9600
Added: Aug 26
Changed: Sep 28
Last Checked: Oct 16 at 6:06PM
MLS# TB8542880
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.
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Investment Insights
Based on property information with market context.
This 1956 block duplex contains two separate 2-bedroom, 1-bath units within approximately 1,080 square feet. Updates include modern flooring, cabinetry, bathroom vanities, HVAC systems, window treatments, and a newer shingle roof. The property also offers stone counters, central air, a heat pump, fencing, convenient parking, public water, and public sewer.
Set on approximately 0.19 acres, or 8,433 square feet, the property is located in Bartow near the historic Main Street and downtown district. Restaurants, shopping, entertainment, community events, and historic character are described as minutes away. R-2 zoning supports the property’s residential configuration, while the two-unit layout provides an owner-occupant option or separate rental use.
Set on approximately 0.19 acres, or 8,433 square feet, the property is located in Bartow near the historic Main Street and downtown district. Restaurants, shopping, entertainment, community events, and historic character are described as minutes away. R-2 zoning supports the property’s residential configuration, while the two-unit layout provides an owner-occupant option or separate rental use.
Key Highlights
- Two separate 2‑bedroom, 1‑bath residential units
- Approximately 1,080 square feet on a 0.19‑acre lot
- Renovated interiors with updated flooring, cabinetry, and bathroom vanities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,451
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,020
$229.0K
Cap Rate 7%
$163,586
$163.6K
Cap Rate 9%
$127,233
$127.2K
Market Conditions
NOI Build-Up for 1,080 SF
Gross rent
$17.5K $16.20/SF
− Vacancy
−$1.1K −$1.05/SF
EGI
$16.4K $15.15/SF
− OpEx
−$4.9K −$4.54/SF
NOI
$11.5K $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%
$229,020
Cap Rate 7%
$163,586
Cap Rate 9%
$127,233
Alternative Uses
Best Use
Multifamily LT 5
$163.6K
$143.1K – $190.9K
NOI $11,451 @ 7.0% cap · market cap 4.24%
Second Best
Apartment 5plus
$146.1K
$127.9K – $170.5K
NOI $10,230 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$259.5K
$227.1K – $302.8K
NOI $18,167 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
923
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two updated residential units provide separate living spaces with flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 585 S 3RD Avenue Bartow, FL.
What is the asking price?
The asking price for this property is $269,995.
What are key features of this property?
This property features: Two separate 2‑bedroom, 1‑bath residential units; Approximately 1,080 square feet on a 0.19‑acre lot; Renovated interiors with updated flooring, cabinetry, and bathroom vanities
