Triplex Property with Stucco
New
For Sale
$389,900
875 S Lake Shore Way, Lake Alfred, FL 33850
MULTI_FAMILY - Other - Lake Alfred, FL
Property Size1,609 SF
Lot Size0.33 Acres
Price / SF$242.32
Days on Market5
Property Features for 875 S Lake Shore Way
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Rooms
Bedroom 1, Laundry Room, Bedroom 6, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
Subdivision
33850 - Lake Alfred
High school district
000000
Directions
Driving Directions from I-4 (Closest Interstate) From Interstate 4 (I-4) - Exit 48 (CR 557 / Lake Alfred): Take Exit 48 toward Lake Alfred / CR 557. Head south on CR 557 for approximately 2.5 miles. Turn left onto US Highway 17/92 (S Lake Shore Way). Continue for approximately 0.3 miles. 875 S Lake Shore Way will be on your right.
Standard status
Active
APN
26-28-05-525000-002090
Size
1,609 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4043
Utilities
Sewer type
Septic Tank
Water source
Public
Building Details
Year built
1945
Building materials
Stucco
Architectural style
Other
Listing Agency:
La Rosa Realty Llc
(321) 939-3748
Listed By:
Christopher Rivera Alamo · License #3484310
(321) 939-3748
Added: Jul 27
Changed: Jul 31
Last Checked: Jul 31 at 4:06PM
MLS# 11906561
Copyright © 2026 My State 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.
Triplex property featuring three grandfathered rental units within a stucco exterior building. The property sits on a 0.33-acre lot and includes 1,609 square feet of space. Built in 1945, the home is served by public water and a septic tank.
Interior rooms listed include multiple bedrooms and a laundry room, supporting a residential layout designed for rental use. The property address is 875 S Lake Shore Way, Lake Alfred, FL 33850, in Polk County.
For investors, this is a simple, income-producing triplex format with three separate rental units under grandfathered status, served by public water and septic.
Interior rooms listed include multiple bedrooms and a laundry room, supporting a residential layout designed for rental use. The property address is 875 S Lake Shore Way, Lake Alfred, FL 33850, in Polk County.
For investors, this is a simple, income-producing triplex format with three separate rental units under grandfathered status, served by public water and septic.
Key Highlights
- Three‑unit triplex with three grandfathered rental units
- 0.33‑acre lot and 1,609 SF building
- Stucco construction
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 | $26.1k | $16.20 |
| − Vacancy | −$1.7k | −$1.05 |
| EGI | $24.4k | $15.15 |
| − OpEx | −$7.3k | −$4.54 |
| NOI | $17.1k | $10.60 |
1,609 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$243.7K
$213.3K – $284.3K
NOI $17,060 @ 7.0% cap · market cap 4.38%
Second Best
Apartment 5plus
$217.7K
$190.5K – $254.0K
NOI $15,240 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$386.7K
$338.3K – $451.1K
NOI $27,066 @ 7.0% cap · market cap 6.94%
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
241
Businesses Nearby
Explore this area
Business Placement
Demographics for 33850, FL
9,119
Population
4,947
Households
1.8
Avg Household Size
45
Median Age
24%
College-Educated
89%
High-School Grad
16.8 sq mi
ZIP Area
543
Density / Sq Mi
$53,877
Median Household Income
$36,563
Median Earnings
$1,072
Median Rent
$215,700
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?
Triplex - Three-unit triplex with public water and septic service, stucco exterior, and a 1945 build date.
Where is this triplex located?
The property is located at 875 S Lake Shore Way Lake Alfred, FL.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Three‑unit triplex with three grandfathered rental units; 0.33‑acre lot and 1,609 SF building; Stucco construction
