1125 Olive Street Lakeland, FL 33815
Listing Courtesy of: MLS LogoSTELLAR as distributed by MLS GRID / Listed By: Samuel Rudolph, Coldwell Banker Realty - Contact:  727-822-9111

  1125 Olive Street Lakeland, FL 33815

Active (28 Days)
$505,000 (USD)
6
BED
4
BATH
2,400
SQFT
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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.

MLS #:
TB8553595
Taxes
$4,641(2025)
Lot Size
0.4 acres
Type
Multifamily
Year Built
1947
County
Polk County

Listed By

Samuel Rudolph, Coldwell Banker Realty, Contact: 727-822-9111
Source
STELLAR
Last checked Nov 5 2026 at 3:37 PM GMT+0000
Bathroom Details
Interior Features
  • Ninguno
Subdivision
  • Lake Beulah Heights Div 02
Property Features
  • Foundation: Slab
  • Foundation: Crawlspace
Heating and Cooling
  • Ductless
  • Wall/Window Unit(s)
Exterior Features
  • Frame
  • Roof: Shingle
Utility Information
  • Utilities: Public, Water Source: Public
  • Sewer: Public Sewer
Living Area
  • 2,400 sqft
Additional Information: St. Pete Downtown At Sundial | 727-822-9111
Location
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Disclaimer: Listings Courtesy of “My Florida Regional MLS DBA Stellar MLS © 2026. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any other purpose other than to identify properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. Last Updated: 11/5/26 07:37
Based on information submitted to the MLS GRID as of 11/5/2026 15:37. All data is obtained from various sources and may not have been verified by 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.
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The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service, and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification. Affiliated real estate agents are independent contractor sales associates, not employees. ©2026 Coldwell Banker. All Rights Reserved. Coldwell Banker and the Coldwell Banker logos are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are owned by a subsidiary of Realogy Brokerage Group LLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.