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Two-Building Multifamily Property
New
For Sale
$350,000

640 AVENUE I NW, Winter Haven, FL 33881

Multifamily asset with a two-story primary structure and a separate building containing additional apartment units.

Property Size3,753 SF
Price / SF$93.26
Days on Market7

Property Features for 640 AVENUE I NW

General Information

Standard status Active
Size 3,753 SF
Property subtype Quadruplex

Additional Details

Public Transit Yes

Amenities

0.33 acres, Landscaped
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 26-28-20-566500-004090, Public Survey Range: 26, Public Survey Section: 20, Annual Amount: $4,513, Tax Block: D, Tax Book Number: 2-51, Legal Description: VILLA PARK OR STONE & MANNS SUB PB 2 PGS 51 & 46 BLK D LOTS 9 & 10, Lot: 9, Year: 2025, Zoning: R-3
Wall/Window Unit(s)
Listing ID: MFRP4939442, Standard Status: Active, MLS Status: Active, Property Subtype: Quadruplex, On market as of 2026-07-29, 2 days on market, Special Conditions: None
4 total bedrooms
Built in 1917, Living area: 3753, Living area units: Square Feet, Levels: Two, Construction Materials: Frame
Subdivision: VILLA PARK OR STONE & MANNS, MLS Area (Major): 33881 - Winter Haven / Florence Villa, County/Parish: Polk
Fixer
2 total bathrooms
Electricity Connected, Sewer Connected, Water Connected, Water Source: Public
Crawlspace, Pillar/Post/Pier
Close Of Escrow
Allowed: Yes
Road Responsibility: Public Maintained Road, Road Surface: Paved

Building Details

Year Built 1917
Buildings 2
Listing Agency: TOWN & COUNTRY REAL ESTATE
Listed By: Lisa Deese · License #3332168
Source: Miharaandassociates
Added: Jul 29 Changed: Aug 2 Last Checked: Aug 4 at 4:32AM

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 TOWN & COUNTRY REAL ESTATE

Investment Insights

Based on property information with market context.

This multifamily property includes a two-story front residence and a detached secondary building. The primary structure was previously configured as five apartments, with three on the first floor and two upstairs. The second building contains two additional apartments. Built in 1917, the property is positioned as a renovation project with multiple potential configurations, including a restored five-unit layout or conversion of the front structure into a single large residence while retaining the two rear rentals.

The property is located near downtown Winter Haven, grocery stores, a bus terminal, medical facilities, restaurants, and shopping. Its two-building arrangement provides flexibility for a multifamily rehabilitation plan or an owner-occupancy setup with additional residential units.

Key Highlights

  • Two‑story front structure previously configured as 5 apartments
  • Separate building contains 2 additional apartments
  • Potential layouts include 5 apartments or a single residence with 2 rear rentals

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Parts Store Storage Facility Kitchen & Bath Showroom Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,568
Businesses Nearby

Demographics for 33881, FL

38,369
Population
17,948
Households
2.1
Avg Household Size
44
Median Age
18%
College-Educated
85%
High-School Grad
21.9 sq mi
ZIP Area
1,752
Density / Sq Mi
$53,867
Median Household Income
$33,941
Median Earnings
$1,153
Median Rent
$177,400
Median Home Value

Market

Properties on Market for Multifamily properties in Winter Haven

Feb
Mar
Apr
May
Jun
Jul

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Multifamily asset with a two-story primary structure and a separate building containing additional apartment units.
Where is this multifamily property located?
The property is located at 640 AVENUE I NW Winter Haven, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two‑story front structure previously configured as 5 apartments; Separate building contains 2 additional apartments; Potential layouts include 5 apartments or a single residence with 2 rear rentals
More about this property
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