1925 Duplex with Tankless Water
For Sale
$435,000
833/835 JOHNSON Avenue, Lakeland, FL 33801
MULTI_FAMILY - LAKELAND, FL
Property Size1,764 SF
Lot Size0.16 Acres
Price / SF$246.60
Days on Market65
Property Features for 833/835 JOHNSON Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RA-4
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 1, Bathroom 3, Dining Room, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 4
Parking features
Driveway, Oversize, Open
Patio and Porch features
Porch
Pets allowed
Yes
Interior features
Ceiling Fans(s), Living Room/Dining Room Combo, Solid Wood Cabinets, Stone Counters, Walk-In Closet(s)
Exterior features
Awning(s), Fence, Lighting, Sidewalk
Fencing
Fenced
Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Tankless Water Heater, Washer
Subdivision
JOHNSONS T H SUB
Lot features
Historic District, City Limits, Landscaped, Level, Near Public Transit, Sidewalk, Street Brick, Street One Way
Elementary school
Philip O'Brien Elementary
Middle school
Crystal Lake Middle/Jun
High school
Lakeland Senior High
Directions
East or West to Frank Lloyd Wright Way, North on Johnson Ave, 833/835 will be on your left. One-way Street.
Standard status
Active
APN
24-28-19-236500-002040
Size
1,764 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
JOHNSONS T H SUB PB 4 PG 55 BLK B LOT 4
Tax Annual Amount
2829
Legal Description
JOHNSONS T H SUB PB 4 PG 55 BLK B LOT 4
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Building Details
Year built
1925
Floors in Building
2
Flooring type
Tile - Ceramic
Building materials
Frame, Wood Siding
Roof type
Shingle
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Russ Rhoads · License #644951
(863) 604-1570
Added: Jun 2
Changed: Aug 1
Last Checked: Aug 5 at 3:06AM
MLS# L4962243
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 1925 duplex at 833/835 Johnson Avenue offers two separate homes with much of the original charm plus updates for modern living. Each side is approximately 882 square feet and features two bedrooms, two bathrooms, separate living areas, updated kitchens with stone counters and stainless steel appliance packages, and ceramic tile flooring throughout. Both units have tankless hot water heaters and separate utility meters. Practical indoor features include ceiling fans, living room/dining room combo layouts, and walk-in closet elements. Recent improvements include new A/C systems for both units, and updated dishwashers and refrigeration in Unit 835.
The property sits on a 0.16-acre lot in RA-4 zoning, served by public sewer, with central electric heating and central air conditioning. Exterior amenities include a fenced yard, sidewalks, and a porch. Outdoor spaces feature a brick driveway on one side, a brick walkway on the other, and a spacious rear brick terrace with room for seating, entertaining, or open parking, plus a small storage shed and an irrigation system. Unit 833 is currently leased through 8/31/2026, and the main house roof will be replaced by the seller before closing with an acceptable offer.
The property sits on a 0.16-acre lot in RA-4 zoning, served by public sewer, with central electric heating and central air conditioning. Exterior amenities include a fenced yard, sidewalks, and a porch. Outdoor spaces feature a brick driveway on one side, a brick walkway on the other, and a spacious rear brick terrace with room for seating, entertaining, or open parking, plus a small storage shed and an irrigation system. Unit 833 is currently leased through 8/31/2026, and the main house roof will be replaced by the seller before closing with an acceptable offer.
Key Highlights
- Unit 833 is leased through 8/31/2026
- Total size is approximately 1,764 SF, about 882 SF per side
- Both units have tankless hot water heaters and separate utility meters
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 | $28.6k | $16.20 |
| − Vacancy | −$1.9k | −$1.05 |
| EGI | $26.7k | $15.15 |
| − OpEx | −$8.0k | −$4.54 |
| NOI | $18.7k | $10.60 |
1,764 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$267.2K
$233.8K – $311.7K
NOI $18,704 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$238.7K
$208.9K – $278.5K
NOI $16,708 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$423.9K
$370.9K – $494.6K
NOI $29,673 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,436
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 - Duplex built in 1925 with separate utility meters and tankless hot water, offering leased and owner-occupant flexibility.
Where is this duplex located?
The property is located at 833/835 JOHNSON Avenue Lakeland, FL.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Unit 833 is leased through 8/31/2026; Total size is approximately 1,764 SF, about 882 SF per side; Both units have tankless hot water heaters and separate utility meters
