1125 Olive Street, Lakeland, FL 33815

Lakeland
Local realty services provided by:Better Homes and Gardens Real Estate Lifestyles Realty
1125 Olive Street,Lakeland, FL 33815
$505,000
Virtual Tour
  • 6 Beds
  • 4 Baths
  • 2,400 sq. ft.
  • Multi-family
  • Active
Listed by: samuel rudolph
Office: coldwell banker realty
MLS#:TB8553595
Source:MFRMLS

Price summary

  • Price:$505,000
  • Price per sq. ft.:$199.45

About this home

8.3% CAP RATE IN PLACE, 9.3% ON PRO FORMA: FOUR UPDATED UNITS. This turnkey fourplex delivers day one cash flow with rent upside already built into the numbers. Two separate duplexes sit on a combined 0.40-acre lot (including 3 parcels). Building one is a 1947 duplex with 1,120 sq ft, and building two is a 1954 duplex with 1,280 sq ft. All four units have been updated, so the heavy lifting is done. Current operations produce an 8.3% cap rate, and bringing rents to market per the pro forma pushes returns to a 9.3% cap rate. Add value through rent increases and efficient management, not capital projects. Four doors, two buildings, one lot, and a clear path to higher NOI. Request the rent roll and financials today.

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Home facts

  • Year built:1947
  • Subdivision & Development:LAKE BEULAH HEIGHTS DIV 02
  • Listing ID #:TB8553595
  • Added:14 day(s) ago
  • Updated:October 23, 2026 at 09:58 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:4
  • Basement Description:Crawlspace
  • Living area:2,400 sq. ft.

Heating and cooling

  • Cooling:Wall/Window Unit(s)
  • Heating:Ductless

Structure and exterior

  • Roof:Shingle
  • Year built:1947
  • Building area:2,400 sq. ft.
  • Lot area:0.4 Acres
  • Construction Materials:Frame
  • Foundation Description:Slab
  • Levels:1 Story

Utilities

  • Water:Public
  • Sewer:Public, Public Sewer

Finances and disclosures

  • Price:$505,000
  • Price per sq. ft.:$199.45
  • Tax amount:$4,641 (2025)

Features and amenities

  • Laundry features:Washer Hookup
  • Pool features:Public Pool
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