Duplex with Screened
New
For Sale
$329,000
733-735 LONGFELLOW BOULEVARD, Lakeland, FL 33801
Two separate residences offer central air, private bedrooms, and outdoor space at each unit.
Property Size1,760 SF
Price / SF$186.93
Days on Market7
Property Features for 733-735 LONGFELLOW BOULEVARD
General Information
Standard status
Active
Size
1,760 SF
Property subtype
Half Duplex
Building Details
Year Built
1978
Listing Agency:
LA ROSA REALTY LLC
(321) 939-3748
Listed By:
Marlana Alvarez · License #3356177
(864) 321-2865
Source:
Dennisrealty
Added: Oct 5
Changed: Oct 11
Last Checked: Oct 11 at 8:23AM
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 LA ROSA REALTY LLC
Investment Insights
Based on property information with market context.
This 1978 duplex contains two separate residences, each with two bedrooms, one bathroom, a kitchen, dining area, and living space. Central air serves both units, and each has a screened rear porch overlooking the backyard. The property occupies 0.19 acres and has no HOA.
One residence is operating as an Airbnb, while the other is occupied by a month-to-month tenant who would like to remain. Southeastern University is just steps away. The two-unit configuration supports separate occupancy, with outdoor space attached to each residence.
One residence is operating as an Airbnb, while the other is occupied by a month-to-month tenant who would like to remain. Southeastern University is just steps away. The two-unit configuration supports separate occupancy, with outdoor space attached to each residence.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- Built in 1978 on 0.19 acres
- Central air in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,661
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,220
$373.2K
Cap Rate 7%
$266,586
$266.6K
Cap Rate 9%
$207,344
$207.3K
Market Conditions
NOI Build-Up for 1,760 SF
Gross rent
$28.5K $16.20/SF
− Vacancy
−$1.9K −$1.05/SF
EGI
$26.7K $15.15/SF
− OpEx
−$8.0K −$4.54/SF
NOI
$18.7K $10.60/SF
Area
Lakeland, 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 Rate 5%
$373,220
Cap Rate 7%
$266,586
Cap Rate 9%
$207,344
Alternative Uses
Best Use
Multifamily LT 5
$266.6K
$233.3K – $311.0K
NOI $18,661 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$238.2K
$208.4K – $277.9K
NOI $16,671 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$422.9K
$370.1K – $493.4K
NOI $29,606 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
Explore this area
Business Placement
Demographics for 33801, FL
36,798
Population
15,365
Households
2.4
Avg Household Size
34
Median Age
16%
College-Educated
84%
High-School Grad
18.9 sq mi
ZIP Area
1,947
Density / Sq Mi
$49,210
Median Household Income
$30,055
Median Earnings
$1,100
Median Rent
$138,700
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 separate residences offer central air, private bedrooms, and outdoor space at each unit.
Where is this duplex located?
The property is located at 733-735 LONGFELLOW BOULEVARD Lakeland, FL.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; Built in 1978 on 0.19 acres; Central air in both units
