Tenant-Occupied
For Sale
Under Contract
$430,000
724 W CENTRAL Avenue, Winter Haven, FL 33880
MULTI_FAMILY - WINTER HAVEN, FL
Property Size3,015 SF
Lot Size0.21 Acres
Price / SF$142.62
Days on Market334
Property Features for 724 W CENTRAL Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RP
Bedrooms
5
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 2, Bathroom 5, Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 4, Bedroom 5, Bedroom 3, Bathroom 3, Bedroom 1
Exterior features
Private Mailbox, Sidewalk
Subdivision
LAKE ADD
Directions
Turn right onto 8th street SW, Turn left, Property is on the left
Standard status
Active Under Contract
APN
26-28-29-632000-004050
Size
3,015 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LAKE ADD DB Q PG 529 BLK 4 LOTS 5 & E 20 FT OF 6
Tax Annual Amount
7880
Legal Description
LAKE ADD DB Q PG 529 BLK 4 LOTS 5 & E 20 FT OF 6
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Ductless (Heating), Central
Cooling system
Wall/Window Unit(s), Window Unit(s), Central Air
Water source
Public
Building Details
Year built
1930
Number of units
2
Building materials
Stucco, Frame, Wood Siding
Roof type
Shingle
Listing Agency:
REAL BROKER, LLC
(855) 450-0442
Listed By:
Miraya Lane, PA · License #3455140
(407) 969-5204
Added: Sep 6, 2025
Changed: Aug 4
Last Checked: Aug 5 at 4:06AM
MLS# O6342320
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 offers a compact residential layout with five bedrooms and five bathrooms. The home is set on a 0.21-acre lot with public water and public sewer. Construction includes stucco, frame, and wood siding, with a shingle roof. Heating is provided by central and ductless systems, and cooling includes central air plus window and wall unit options.
Exterior features include a private mailbox and sidewalk. The property is cable available. It is being sold as-is, with a short sale subject to lender approval. Tenants are present, and buyers should not disturb occupants.
Zoning is RP, which supports continued residential use in line with the area’s established land-use framework.
Exterior features include a private mailbox and sidewalk. The property is cable available. It is being sold as-is, with a short sale subject to lender approval. Tenants are present, and buyers should not disturb occupants.
Zoning is RP, which supports continued residential use in line with the area’s established land-use framework.
Key Highlights
- Tenant‑occupied duplex
- 0.21‑acre lot with public water and public sewer
- Built in 1930 with stucco, frame, and wood siding and a shingle roof
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 | $48.8k | $16.20 |
| − Vacancy | −$3.2k | −$1.05 |
| EGI | $45.7k | $15.15 |
| − OpEx | −$13.7k | −$4.54 |
| NOI | $32.0k | $10.60 |
3,015 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$456.7K
$399.6K – $532.8K
NOI $31,968 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$408.0K
$357.0K – $476.0K
NOI $28,558 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$724.5K
$634.0K – $845.3K
NOI $50,717 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,710
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex on a public-serviced lot with zoning RP, built in 1930 and equipped with central and ductless HVAC.
Where is this duplex located?
The property is located at 724 W CENTRAL Avenue Winter Haven, FL.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Tenant‑occupied duplex; 0.21‑acre lot with public water and public sewer; Built in 1930 with stucco, frame, and wood siding and a shingle roof
