Tenant-Occupied Duplex with
New
For Sale
$250,000
625 AVENUE B SW, Winter Haven, FL 33880
Two residential units offer a compact rental configuration with public water and sewer service.
Property Size1,240 SF
Price / SF$201.61
Days on Market5
Property Features for 625 AVENUE B SW
General Information
Standard status
Active
Size
1,240 SF
Total Parking Spaces
1
Property subtype
Half Duplex
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1915
Listing Agency:
REAL BROKER, LLC
(855) 450-0442
Listed By:
Luis Lozano Padierna · License #3447439
(407) 559-8822
Source:
Dennisrealty
Added: Sep 3
Changed: Sep 7
Last Checked: Sep 7 at 2:38PM
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 REAL BROKER, LLC
Investment Insights
Based on property information with market context.
This tenant-occupied duplex contains two residential units, each arranged with one bedroom and one full bathroom. The property provides approximately 1,240 square feet of total living area, along with a one-car garage. Built in 1915, the building is connected to public water and sewer systems.
Located at 625 Avenue B SW in Winter Haven, the property is near Downtown Winter Haven, shopping, restaurants, schools, medical facilities, and major roadways. Its two-unit layout and existing occupancy provide a clearly defined residential income-property format.
Located at 625 Avenue B SW in Winter Haven, the property is near Downtown Winter Haven, shopping, restaurants, schools, medical facilities, and major roadways. Its two-unit layout and existing occupancy provide a clearly defined residential income-property format.
Key Highlights
- Two‑unit duplex with one bedroom and one full bathroom per unit
- Approximately 1,240 square feet of total living space
- Tenant occupied
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,148
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$262,960
$263.0K
Cap Rate 7%
$187,829
$187.8K
Cap Rate 9%
$146,089
$146.1K
Market Conditions
NOI Build-Up for 1,240 SF
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.
Gross rent
$20.1K $16.20/SF
− Vacancy
−$1.3K −$1.05/SF
EGI
$18.8K $15.15/SF
− OpEx
−$5.6K −$4.54/SF
NOI
$13.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$262,960
Cap Rate 7%
$187,829
Cap Rate 9%
$146,089
Alternative Uses
Best Use
Multifamily LT 5
$187.8K
$164.4K – $219.1K
NOI $13,148 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$167.8K
$146.8K – $195.8K
NOI $11,745 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$298.0K
$260.7K – $347.7K
NOI $20,859 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,398
Businesses Nearby
Explore this area
Business Placement
Demographics for 33880, FL
42,005
Population
17,055
Households
2.5
Avg Household Size
38
Median Age
17%
College-Educated
84%
High-School Grad
32.4 sq mi
ZIP Area
1,296
Density / Sq Mi
$56,803
Median Household Income
$35,051
Median Earnings
$1,128
Median Rent
$200,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer a compact rental configuration with public water and sewer service.
Where is this duplex located?
The property is located at 625 AVENUE B SW Winter Haven, FL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑unit duplex with one bedroom and one full bathroom per unit; Approximately 1,240 square feet of total living space; Tenant occupied
