Two-Duplex Residential
New
For Sale
$565,000
905 S Orange Avenue, Bartow, FL 33830
Four residential units offer individual laundry rooms, equipped kitchens, and separate electric metering across two duplex buildings.
Property Size3,484 SF
Price / SF$162.17
Days on Market2
Property Features for 905 S Orange Avenue
General Information
Standard status
Active
Size
3,484 SF
Property subtype
Multi-Family
Building Details
Year Built
1974
Listing Agency:
JULIE MATTHEWS GROUP LLC
Listed By:
Kennedy Matthews · License #255003686
(863) 207-4722
Source:
Endlesssummerlivingfl
Added: Sep 14
Last Checked: Sep 14 at 2:20PM
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 JULIE MATTHEWS GROUP LLC
Investment Insights
Based on property information with market context.
Built in 1974, this 3,484-square-foot residential property comprises two duplex buildings with four total units. Each unit includes 2 bedrooms, 1 bathroom, a living and dining area, a kitchen with appliances and cabinet storage, and a private laundry room. Bathroom finishes include tile floors and tub-and-shower combinations, while flooring varies between wood laminate, carpet, tile, and vinyl. Washers and dryers are included in most units.
The property sits on a 1/3+ acre lot at 905 S Orange Avenue in Bartow, Florida, with on-site parking for residents and guests. Four electric meters allow each tenant to handle individual electric service, and the buildings have separate water meters. Two units are vacant, one is occupied month to month, and the remaining unit is under a 1-year lease. Both roofs are approximately 5 years old.
The property sits on a 1/3+ acre lot at 905 S Orange Avenue in Bartow, Florida, with on-site parking for residents and guests. Four electric meters allow each tenant to handle individual electric service, and the buildings have separate water meters. Two units are vacant, one is occupied month to month, and the remaining unit is under a 1-year lease. Both roofs are approximately 5 years old.
Key Highlights
- Four units arranged as two duplex buildings
- Each unit has 2 bedrooms, 1 bathroom, and a private laundry room
- 3,484 SF property on a 1/3+ acre lot
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
$36,941
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
6.54%
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%
$738,820
$738.8K
Cap Rate 7%
$527,729
$527.7K
Cap Rate 9%
$410,456
$410.5K
Market Conditions
NOI Build-Up for 3,484 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
$56.4K $16.20/SF
− Vacancy
−$3.7K −$1.05/SF
EGI
$52.8K $15.15/SF
− OpEx
−$15.8K −$4.54/SF
NOI
$36.9K $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%
$738,820
Cap Rate 7%
$527,729
Cap Rate 9%
$410,456
Alternative Uses
Best Use
Multifamily LT 5
$527.7K
$461.8K – $615.7K
NOI $36,941 @ 7.0% cap · market cap 6.54%
Second Best
Apartment 5plus
$471.4K
$412.5K – $550.0K
NOI $33,000 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$837.2K
$732.6K – $976.8K
NOI $58,606 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
721
Businesses Nearby
Explore this area
Business Placement
Demographics for 33830, FL
29,926
Population
11,989
Households
2.5
Avg Household Size
38
Median Age
18%
College-Educated
85%
High-School Grad
120.5 sq mi
ZIP Area
248
Density / Sq Mi
$62,636
Median Household Income
$37,078
Median Earnings
$1,017
Median Rent
$207,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Four residential units offer individual laundry rooms, equipped kitchens, and separate electric metering across two duplex buildings.
Where is this duplex located?
The property is located at 905 S Orange Avenue Bartow, FL.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Four units arranged as two duplex buildings; Each unit has 2 bedrooms, 1 bathroom, and a private laundry room; 3,484 SF property on a 1/3+ acre lot
