Renovated Duplex with Private
For Sale
$279,000
907 N WABASH AVE, Lakeland, FL 33815
MULTI_FAMILY - LAKELAND, FL
Property Size1,480 SF
Lot Size0.20 Acres
Price / SF$188.51
Days on Market52
Property Features for 907 N WABASH AVE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
C-3
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 3, Bedroom 5, Bedroom 6, Dining Room, Laundry Room, Bathroom 4, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 7
Parking features
Driveway
Patio and Porch features
Porch
Interior features
Ceiling Fans(s), Living Room/Dining Room Combo, Split Bedroom, Stone Counters
Exterior features
Sidewalk
Appliances
Dryer, Microwave, Range, Refrigerator, Washer
Subdivision
ROANOKE HILLS SUB
Lot features
Near Public Transit, Sidewalk, Paved
Elementary school
Lincoln Avenue Academy
Middle school
Lawton Chiles Middle
High school
Kathleen High
Directions
Take US 92 W toward Lakeland, continue on FL-546/State Hwy 546/E Memorial Blvd for about 4 miles, turn left on Strain Blvd, right on W Parker St, right on N Wabash Ave, home will be on the right.
Standard status
Active
APN
23-28-14-079500-003120
Size
1,480 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ROANOKE HILLS SUB PB 13 PG 37 BLK C LOTS 12 & 13 LESS HIGHWAY S14/15 T28 R23
Tax Annual Amount
3324
Legal Description
ROANOKE HILLS SUB PB 13 PG 37 BLK C LOTS 12 & 13 LESS HIGHWAY S14/15 T28 R23
Utilities
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
private patio
Building Details
Year built
1930
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
ASSOCIATE REALTY
(863) 618-4000
Listed By:
Chrissi Jasso · License #3253299
(863) 618-4000
Added: Jun 15
Changed: Aug 2
Last Checked: Aug 5 at 3:06AM
MLS# P4939056
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 renovated duplex features two separate homes on one lot, with each residence offering its own private patio space. The main home includes an open floor plan with 4 bedrooms and 2 bathrooms and 1,480 square feet of living area. The second home offers an open living, dining, and kitchen layout with 3 bedrooms and 1 1/2 bathrooms. The property includes a large driveway for parking, and it is currently used as an Airbnb.
Zoned C-3, the homes are built with vinyl siding and a shingle roof and include central heating and central air. Interior features include ceiling fans, a living room/dining room combo, split-bedroom layout, and stone counters. Appliances listed include a range, microwave, refrigerator, washer, and dryer. Water is provided via public source, with a septic tank sewer system.
Additional exterior features include sidewalk presence and a porch.
Zoned C-3, the homes are built with vinyl siding and a shingle roof and include central heating and central air. Interior features include ceiling fans, a living room/dining room combo, split-bedroom layout, and stone counters. Appliances listed include a range, microwave, refrigerator, washer, and dryer. Water is provided via public source, with a septic tank sewer system.
Additional exterior features include sidewalk presence and a porch.
Key Highlights
- Fully renovated in 2022; two homes on one lot
- Main home: open floor plan with 4 bedrooms, 2 bathrooms, and 1,480 SF
- Second home: open living/dining/kitchen with 3 bedrooms and 1 1/2 baths
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 | $24.0k | $16.20 |
| − Vacancy | −$1.6k | −$1.05 |
| EGI | $22.4k | $15.15 |
| − OpEx | −$6.7k | −$4.54 |
| NOI | $15.7k | $10.60 |
1,480 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$224.2K
$196.2K – $261.5K
NOI $15,692 @ 7.0% cap · market cap 5.62%
Second Best
Apartment 5plus
$200.3K
$175.2K – $233.6K
NOI $14,018 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$355.7K
$311.2K – $414.9K
NOI $24,896 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
239
Businesses Nearby
Explore this area
Business Placement
Demographics for 33815, FL
15,681
Population
7,646
Households
2.1
Avg Household Size
40
Median Age
11%
College-Educated
80%
High-School Grad
7.4 sq mi
ZIP Area
2,119
Density / Sq Mi
$36,445
Median Household Income
$32,637
Median Earnings
$1,078
Median Rent
$42,700
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 homes on one lot in C-3 zoning, fully renovated in 2022, each with a private patio.
Where is this duplex located?
The property is located at 907 N WABASH AVE Lakeland, FL.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Fully renovated in 2022; two homes on one lot; Main home: open floor plan with 4 bedrooms, 2 bathrooms, and 1,480 SF; Second home: open living/dining/kitchen with 3 bedrooms and 1 1/2 baths
