Two-Unit Duplex with Block
New
For Sale
$300,000
613 PLATEAU Avenue, Lakeland, FL 33815
Residential Income, LAKELAND, FL
Property Size1,096 SF
Lot Size0.17 Acres
Price / SF$273.72
Days on Market2
Property Features for 613 PLATEAU Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RB-2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1
Interior features
Primary Bedroom Main Floor
Subdivision
PLATEAU BEAUTIFUL
Directions
Drive west on West Main St. Enter the roundabout and take the 2nd exit onto West Main St. Right to Olive St. Left to Plateau Ave. Property is on the right.
Standard status
Active
APN
23-28-23-105500-004191
Size
1,096 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PLATEAU BEAUTIFUL PB 7 PG 7 BLK 4 PART OF LOTS 1 & 19 & 20 DESC AS: COMM NE COR OF SAID BLK 4 RUN S 01 DEG 03' 38"W ALONG W R/W LINE OF PLATEAU AVE 124 FT TO POB CONT S 01 DEG 03' 38"W ALONG W R/W LINE 70.50 FT N 89 DEG 17' 37"W 113.78 FT N00 DEG 29' 45"E 57.50 FT S89 DEG 17' 36"E ALONG N BNDRY OF LOT 19 48.65 FT TO NE COR OF LOT 19 RUN N 00 DEG 42' 24"E ALONG W BNDRY OF LOT 1 13 FT S 89 DEG 17' 36"E 65.78 FT TO POB
Tax Annual Amount
2596
Legal Description
PLATEAU BEAUTIFUL PB 7 PG 7 BLK 4 PART OF LOTS 1 & 19 & 20 DESC AS: COMM NE COR OF SAID BLK 4 RUN S 01 DEG 03' 38"W ALONG W R/W LINE OF PLATEAU AVE 124 FT TO POB CONT S 01 DEG 03' 38"W ALONG W R/W LINE 70.50 FT N 89 DEG 17' 37"W 113.78 FT N00 DEG 29' 45"E 57.50 FT S89 DEG 17' 36"E ALONG N BNDRY OF LOT 19 48.65 FT TO NE COR OF LOT 19 RUN N 00 DEG 42' 24"E ALONG W BNDRY OF LOT 1 13 FT S 89 DEG 17' 36"E 65.78 FT TO POB
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Water source
Public
Amenities
mini-split air conditioning
laundry hookups
refrigerators
ranges
Building Details
Year built
1951
Building materials
Block
Listing Agency:
BEYCOME OF FLORIDA LLC
(804) 656-5007
Listed By:
Steven Koleno · License #3469487
(844) 239-2663
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 6 at 6:06AM
MLS# O6447492
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.
This duplex contains two separate residences on one parcel, with concrete-block construction and RB-2 zoning. Each home has two bedrooms and one bathroom, along with mini-split air conditioning and laundry hookups. Refrigerators and ranges are included, and the interiors have been updated. Exterior painting has also been completed.
One residence is occupied; the other is vacant. The property is on a 7,401-square-foot parcel, approximately 0.17 acres. Both residences are included in the sale.
One residence is occupied; the other is vacant. The property is on a 7,401-square-foot parcel, approximately 0.17 acres. Both residences are included in the sale.
Key Highlights
- Two separate residences on one parcel
- Each unit has 2 bedrooms and 1 bathroom
- 7,401‑square‑foot parcel; 0.17 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,621
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,420
$232.4K
Cap Rate 7%
$166,014
$166.0K
Cap Rate 9%
$129,122
$129.1K
Market Conditions
NOI Build-Up for 1,096 SF
Gross rent
$17.8K $16.20/SF
− Vacancy
−$1.2K −$1.05/SF
EGI
$16.6K $15.15/SF
− OpEx
−$5.0K −$4.54/SF
NOI
$11.6K $10.60/SF
Area
Lakeland, 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%
$232,420
Cap Rate 7%
$166,014
Cap Rate 9%
$129,122
Alternative Uses
Best Use
Multifamily LT 5
$166.0K
$145.3K – $193.7K
NOI $11,621 @ 7.0% cap · market cap 3.87%
Second Best
Apartment 5plus
$148.3K
$129.8K – $173.0K
NOI $10,381 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$263.4K
$230.5K – $307.3K
NOI $18,436 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
Explore this area
Business Placement
Demographics for 33815, FL
15,681
Population
7,646
Households
2.1
Avg Household Size
40
Median Age
11%
College-Educated
80%
High-School Grad
7.4 sq mi
ZIP Area
2,119
Density / Sq Mi
$36,445
Median Household Income
$32,637
Median Earnings
$1,078
Median Rent
$42,700
Median Home Value
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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 - Each residence has two bedrooms, one bathroom, mini-split air conditioning, and laundry hookups.
Where is this duplex located?
The property is located at 613 PLATEAU Avenue Lakeland, FL.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two separate residences on one parcel; Each unit has 2 bedrooms and 1 bathroom; 7,401‑square‑foot parcel; 0.17 acres
