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- Description
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$505,000
Monthly Est:$2,514
6 Beds
4 Baths
2,400sqft
1125 Olive St, Lakeland, FL 33815
$505,000
$2,514/moEst:
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Quadruplex
Built in 1947
$-- HOA
17,362 sqft lot
$210/sq.ft
Description
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.
- Houzeo last checked: 0 minutes ago
- Listing updated: October 9, 2026 at 4:23 am
- Listing Provided by: Samuel Rudolph (727) 426-0746 | COLDWELL BANKER REALTY (727) 822-9111
- Source: Stellar MLS-FL | MLS#: TB8553595
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1947
HOA Fees
-
Finished Area
2,400 sqft
Lot Size
17,362 sqft lot
Basement Area
- sqft
MLS Name
Stellar MLS
MLS Number
TB8553595
MLS Status
Active
Days on Market
1
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 4
Interior
Interior Features
Ninguno
Exterior Features
None
Cooling
Wall/window Unit(s)
Heating
Ductless
Sewer
Public Sewer
Construction
Year Built
Year Built: 1947
Home type
Quadruplex
Foundation Details
Crawlspace, Slab
Construction Materials
Frame
Roof
Shingle
Utilities & Energy
Utilities
Public
Water Source
Public
Laundry Features
None, Washer Hookup
Other Features
Tenant Pays
Electricity
Subdivision Name
Lake Beulah Heights Div 02
Price History
| Date | Event | Price |
|---|---|---|
10/08/2026 Source: | Listed for Sale | $505,000 +43813.04% $210/sqft |
08/25/2026 Source: | Sold | $1,150 $0/sqft |
08/14/2026 Source: | Pending | $1,150 $0/sqft |
05/04/2026 Source: | Listed for Sale | $1,150 -98.84% $0/sqft |
04/30/2021 Source: | Price Increased | $99,000 +102.04% $41/sqft |
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Getting Around 1125 Olive St
Bike Score®
Bikeable
50/100
Walk Score®
Car-Dependent
43/100
Data provided by Redfin
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Based on information from Stellar MLS® through Oct 09, 2026, 06:15AM as submitted to and distributed by MLS GRID. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any, and as amended from time to time. © 2026 Stellar MLS. All Rights Reserved.
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