Haines City Multifamily Investment
For Sale
$169,900
Pending
590 ALOHA Dr, Haines City, FL 33844
Multifamily property for sale in Haines City, Florida.
Property Size1,322 SF
Lot Size0.11 Acres
Days on Market312
Property Features for 590 ALOHA Dr
General Information
Standard status
Pending
Size
1,322 SF
Lot size
0.11 Acres
Property subtype
Residential
Taxes and HOA fees
Annual Taxes
$1,513
Building Details
Building Size
1,322 SF
Year Built
1978
Listing Agency:
COLDWELL BANKER REALTY
Listed By:
Don Cleveland, JR · License #445407
(863) 206-4953
Source:
Elliman
Added: Dec 3, 2025
Changed: Oct 6
Last Checked: Oct 11 at 7:51AM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
A multifamily property is available for purchase in Haines City, Florida. The property is located at 590 ALOHA Dr, Haines City, FL 33844.
Key Highlights
- Year Built: 1978
- Price: $11
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,522
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,440
$250.4K
Cap Rate 7%
$178,886
$178.9K
Cap Rate 9%
$139,133
$139.1K
Market Conditions
NOI Build-Up for 1,322 SF
Gross rent
$24.3K $18.36/SF
− Vacancy
−$1.5K −$1.14/SF
EGI
$22.8K $17.22/SF
− OpEx
−$10.2K −$7.75/SF
NOI
$12.5K $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%
$250,440
Cap Rate 7%
$178,886
Cap Rate 9%
$139,133
Alternative Uses
Best Use
Apartment 5plus
$178.9K
$156.5K – $208.7K
NOI $12,522 @ 7.0% cap · market cap 7.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$317.7K
$278.0K – $370.6K
NOI $22,238 @ 7.0% cap · market cap 13.09%
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
33
Businesses Nearby
Explore this area
Business Placement
Demographics for 33844, FL
43,329
Population
22,018
Households
2
Avg Household Size
40
Median Age
17%
College-Educated
84%
High-School Grad
97.2 sq mi
ZIP Area
446
Density / Sq Mi
$60,426
Median Household Income
$36,281
Median Earnings
$1,158
Median Rent
$212,700
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?
Apartment building - Multifamily property for sale in Haines City, Florida.
Where is this apartment building located?
The property is located at 590 ALOHA Dr Haines City, FL.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Year Built: 1978; Price: $11
