Tenant-Occupied Duplex with
New
For Sale
$250,000
625 AVENUE B SW, Winter Haven, FL 33880
Residential Income, WINTER HAVEN, FL
Property Size1,240 SF
Lot Size0.15 Acres
Price / SF$201.61
Days on Market4
Property Features for 625 AVENUE B SW
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
BR
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 3, Bathroom 2, Bathroom 4, Bedroom 1, Bedroom 3
Subdivision
WINTER HAVEN
Directions
From US Highway 17, turn west onto Avenue B SW. Continue approximately 0.6 miles; the property at 625 Avenue B SW will be on your right.
Standard status
Active
APN
26-28-29-621000-055190
Size
1,240 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WINTER HAVEN DB M PG 160 TIER 5 BLK 5 LOT 19
Tax Annual Amount
2118
Legal Description
WINTER HAVEN DB M PG 160 TIER 5 BLK 5 LOT 19
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1915
Building materials
Frame
Roof type
Shingle
Listing Agency:
REAL BROKER, LLC
(855) 450-0442
Listed By:
Luis Lozano Padierna · License #3447439
(407) 649-0229
Added: Sep 16
Changed: Sep 19
Last Checked: Sep 19 at 7:06AM
MLS# O6439576
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 tenant-occupied duplex contains two residential units within approximately 1,240 square feet of total living space. The property was built in 1915 and includes a one-car garage, frame construction, a shingle roof, ductless heating, and wall or window cooling units. Public water and public sewer serve the property, with cable available.
Set on 0.15 acres in Winter Haven, the property is located near Downtown Winter Haven, shopping, restaurants, schools, medical facilities, and major roadways. Zoning is BR. The existing two-unit configuration and tenant occupancy provide a defined residential income property profile for an owner seeking a duplex asset.
Set on 0.15 acres in Winter Haven, the property is located near Downtown Winter Haven, shopping, restaurants, schools, medical facilities, and major roadways. Zoning is BR. The existing two-unit configuration and tenant occupancy provide a defined residential income property profile for an owner seeking a duplex asset.
Key Highlights
- Two tenant‑occupied residential units
- Approximately 1,240 square feet of total living space
- One‑car garage included
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
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 an existing income-producing 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 tenant‑occupied residential units; Approximately 1,240 square feet of total living space; One‑car garage included
