2929 Nine Iron Drive, Lakeland, FL 33801
Local realty services provided by:Better Homes and Gardens Real Estate Synergy
Listed by: derek mcgehee
Office: all county polk property manag
MLS#:L4963478
Source:MFRMLS
Price summary
- Price:$499,000
- Price per sq. ft.:$128.61
About this home
Don't miss this exceptional investment opportunity featuring two duplexes on one lot, offering four units with immediate cash flow. Located at 2929 Nine Iron Drive and 2934 Eight Iron Drive in Lakeland, this rare multifamily property includes three occupied units and one vacant unit, providing immediate rental income while offering flexibility to lease the vacant unit at current market rates or occupy it yourself.
Each unit features 2 bedrooms, 1 full bathroom, and washer/dryer hookups for added tenant convenience. Both duplexes received new roofs in 2019, helping reduce future maintenance costs.
Ideally situated in a central Lakeland location, the property offers easy access to shopping, dining, schools, major roadways, and everyday conveniences, making it highly desirable for tenants and supporting strong long-term rental demand.
Whether you're looking to expand your investment portfolio or acquire a well-positioned multifamily asset, opportunities like this are rare. With established rental income, additional upside through the vacant unit, and a prime location, this is an investment you won't want to miss....
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Home facts
- Year built:1983
- Subdivision & Development:NOT IN A SUBDIVISION
- Listing ID #:L4963478
- Added:90 day(s) ago
- Updated:October 12, 2026 at 01:41 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Bedroom Description:Primary Bedroom Main Floor
- Living area:3,400 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1983
- Building area:3,400 sq. ft.
- Lot area:0.35 Acres
- Construction Materials:Concrete
- Exterior Features:Lighting
- Foundation Description:Slab
- Levels:1 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public, Public Sewer, Sewer Connected
Finances and disclosures
- Price:$499,000
- Price per sq. ft.:$128.61
- Tax amount:$5,442 (2025)
Features and amenities
- Laundry features:Electric Dryer Hookup, Laundry Closet, Washer Hookup
- Amenities:Primary Bedroom Main Floor, Thermostat
- Pool features:Public Pool
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