Renovated Income
621 HOLLINGSWORTH Road Lakeland, FL 33801
621 HOLLINGSWORTH Road, Lakeland, FL, 33801
$399,000
For Sale
$399,000
MULTI_FAMILY - LAKELAND, FL
Property Size1,546 SF
Lot Size0.23 Acres
Price / SF$258.09
Days on Market23
Property Features for 621 HOLLINGSWORTH Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- RB-1
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 3
- Interior features
- Primary Bedroom Main Floor, Stone Counters, Thermostat
- Exterior features
- Private Mailbox, Sidewalk
- Standard status
- Active
- APN
- 24-28-19-218000-003050
- Size
- 1,546 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- BILTMORE PARK SUB PB 8 PG 41 BLK 3 LOTS 5 & S 6 FT OF 4
- Tax Annual Amount
- 2591
Utilities
- Utilities
- Cable Available
- Sewer type
- Private Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1952
- Building materials
- Block
- Roof type
- Shingle
Listing agency
LA ROSA REALTY PRESTIGE
(863) 940-4850
Listed by
Alvaro Jarquin Bernard · License #3304920
(863) 640-2772
Added: Jun 30 Updated: Jul 20 at 9:53PM Checked: Jul 22 at 9:06AM
MLS# L4963189
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 fully renovated income-producing duplex includes two separate units, each offering 2 bedrooms and 1 bathroom. The interior and exterior have been refreshed with new paint, and both units feature brand-new flooring and remodeled bathrooms with new tile and updated vanities. Kitchens have been modernized with granite countertops, new cabinetry, and stainless steel appliances.
Improvements also include a brand-new roof, and each unit has a dedicated laundry room. The property is listed in RB-1 zoning.
Set on a small lot, the duplex totals 1,546 square feet, providing two turnkey residential units designed for straightforward rental use.
Improvements also include a brand-new roof, and each unit has a dedicated laundry room. The property is listed in RB-1 zoning.
Set on a small lot, the duplex totals 1,546 square feet, providing two turnkey residential units designed for straightforward rental use.
Key Highlights
- Fully renovated income‑producing duplex built in 1952 with two separate units
- Each unit offers 2 bedrooms, 1 bathroom, with a dedicated laundry room
- Updated kitchens with granite (stone) counters, new cabinetry, and stainless steel appliances
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.0k | $16.20 |
| − Vacancy | −$1.6k | −$1.05 |
| EGI | $23.4k | $15.15 |
| − OpEx | −$7.0k | −$4.54 |
| NOI | $16.4k | $10.60 |
1,546 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$234.2K
$204.9K – $273.2K
NOI $16,392 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$209.2K
$183.1K – $244.1K
NOI $14,644 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$371.5K
$325.1K – $433.4K
NOI $26,006 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Turnkey duplex with two renovated units, each with 2 bedrooms, 1 bathroom, updated kitchens, and in-unit laundry rooms.
Where is this duplex located?
The property is located at 621 HOLLINGSWORTH Road Lakeland, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Fully renovated income‑producing duplex built in 1952 with two separate units; Each unit offers 2 bedrooms, 1 bathroom, with a dedicated laundry room; Updated kitchens with granite (stone) counters, new cabinetry, and stainless steel appliances
