Duplex with Central
For Sale
$389,000
LAKELAND, FL 33801, Lakeland, FL 33801
Residential, LAKELAND, FL
Property Size2,592 SF
Lot Size0.25 Acres
Price / SF$150.08
Days on Market22
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
C-1
Bedrooms
8
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 5, Bathroom 2, Bedroom 7, Family Room, Bedroom 6, Bathroom 1, Bedroom 8, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 3, Bathroom 4, Bedroom 2
Interior features
Ceiling Fans(s)
Appliances
Refrigerator
Subdivision
SHORE ACRES
Standard status
Active
Size
2,592 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3913
Utilities
Utilities
Cable Available
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1949
Floors in Building
1
Roof type
Shingle
Listing Agency:
KELLER WILLIAMS RLTY NEW TAMPA · Keller Williams Realty
(813) 994-4422
Listed By:
De'Janique Wilson
(678) 478-6959
Added: Sep 17
Changed: Oct 8
Last Checked: Oct 8 at 7:06PM
MLS# TB8550735
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 Lakeland duplex contains 2,592 square feet with eight bedrooms and a 0.25-acre lot. Built in 1949, the property has central heating and central air conditioning, ceiling fans, and a shingle roof. A refrigerator is included, and the water source is public; cable service is available.
Tenants are in place. The property is located in Lakeland, Florida, and carries C-1 zoning.
Tenants are in place. The property is located in Lakeland, Florida, and carries C-1 zoning.
Key Highlights
- Eight‑bedroom duplex with tenants in place
- 2,592 square feet on a 0.25‑acre lot
- C‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,483
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,660
$549.7K
Cap Rate 7%
$392,614
$392.6K
Cap Rate 9%
$305,367
$305.4K
Market Conditions
NOI Build-Up for 2,592 SF
Gross rent
$42.0K $16.20/SF
− Vacancy
−$2.7K −$1.05/SF
EGI
$39.3K $15.15/SF
− OpEx
−$11.8K −$4.54/SF
NOI
$27.5K $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%
$549,660
Cap Rate 7%
$392,614
Cap Rate 9%
$305,367
Alternative Uses
Best Use
Multifamily LT 5
$392.6K
$343.5K – $458.1K
NOI $27,483 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$350.7K
$306.9K – $409.2K
NOI $24,551 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$622.9K
$545.0K – $726.7K
NOI $43,602 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
263
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - The property has tenants in place and is zoned C-1.
Where is this duplex located?
The property is located at Lakeland, FL.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Eight‑bedroom duplex with tenants in place; 2,592 square feet on a 0.25‑acre lot; C‑1 zoning
