Tenant-Occupied
For Sale
$430,000
724 W CENTRAL Avenue, Winter Haven, FL 33880
Residential Income, WINTER HAVEN, FL
Property Size3,015 SF
Lot Size0.21 Acres
Price / SF$142.62
Days on Market379
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 3, Bedroom 4, Bedroom 2, Bathroom 3, Bedroom 5, Bathroom 1, Bedroom 1, Bathroom 4, Bathroom 2, Bathroom 5
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
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
Window Unit(s), Wall/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: Sep 12
Last Checked: Sep 19 at 12:06PM
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 contains 3,015 square feet on a 0.21-acre parcel and dates to 1930. The property has stucco, frame, and wood siding elements, a shingle roof, and a private mailbox. Heating is provided by ductless and central systems, while cooling includes central air and window or wall units.
The property is served by public water and public sewer, with cable availability noted. RP zoning applies to the site, and a sidewalk is among the exterior features. The sale is offered as-is with no repairs, and the transaction is subject to lender approval. Tenant access is restricted during marketing.
The property is served by public water and public sewer, with cable availability noted. RP zoning applies to the site, and a sidewalk is among the exterior features. The sale is offered as-is with no repairs, and the transaction is subject to lender approval. Tenant access is restricted during marketing.
Key Highlights
- 3,015‑square‑foot duplex on a 0.21‑acre lot
- Tenant‑occupied property offered in as‑is condition
- RP zoning designation
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
$31,968
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
7.43%
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%
$639,360
$639.4K
Cap Rate 7%
$456,686
$456.7K
Cap Rate 9%
$355,200
$355.2K
Market Conditions
NOI Build-Up for 3,015 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
$48.8K $16.20/SF
− Vacancy
−$3.2K −$1.05/SF
EGI
$45.7K $15.15/SF
− OpEx
−$13.7K −$4.54/SF
NOI
$32.0K $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%
$639,360
Cap Rate 7%
$456,686
Cap Rate 9%
$355,200
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
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Open Analytics
Current Use
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-unit residential property with public utilities, mixed cooling systems, and a sidewalk along the property.
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: 3,015‑square‑foot duplex on a 0.21‑acre lot; Tenant‑occupied property offered in as‑is condition; RP zoning designation
