$429,000
640 Grapefruit AvenueLake Alfred, FL 33850
Listing updated: October 9, 2026 at 11:00 AM ET
Listing courtesy of Bokors Corner Realty Llc · Sharon Bokor · MLS #R4911803 · Active · 813-708-2266Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Prime investment opportunity in Lake Alfred! Built in 2023, this modern, turn-key duplex delivers instant cash flow with tenants already in place. Sitting on a ~0.17-acre lot with a private, fully fenced yard and NO HOA, this property offers ultimate flexibility for hands-off landlords or house-hackers looking to live in one side and offset their mortgage. Both units boast a functional, open-concept 2-bedroom, 2-bathroom layout finished with fresh paint, durable low-maintenance flooring, and upgraded stainless steel appliances. Positioned right in the heart of town, residents enjoy fast access to US-17/92 and I-4 for effortless commutes to Orlando or Tampa, along with close proximity to local lakes, the Chain of Lakes Trail, and a planned Publix-anchored development. Portfolio Opportunity: Motivated seller! Can be acquired individually or bundled with the matching, 1,800 sq ft duplex right next door at 650 E Grapefruit Ave (Parcel:26-27-28-493500-001141) for a target 6.24% portfolio cap rate. Multiple financing options available—schedule your private tour today!
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history31 days on market
- Status: ActiveSep 8, 2026
- Listed$439,000Sep 8, 2026
- Price reduced$429,000
Facts & features
- Property type
- Residential Income
- Sub type
- Duplex
- Status
- Active
- Days on market
- 31
- Subdivision
- Highland Sub
- County
- Polk
- Year built
- 2023
- Living area
- 1,800 sq ft
- Price/sq ft
- $238
- Building area
- 1,836 sq ft (Public Records)
- Lot size
- 7,248 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- X (12105C0355G)
- Annual taxes
- $5,987 (2025)
- Parcel #
- 26-27-28-493500-001130
- Zoning
- R-2
- MLS #
- R4911803
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Interior Details
- Bedrooms
- 4
- Flooring
- Laminate, Tile
- Appliances
- Dishwasher, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer
- Interior features
- Ceiling Fans(s), Crown Molding, Eat-in Kitchen, High Ceilings, Kitchen/Family Room Combo, Open Floorplan, Primary Bedroom Main Floor, Thermostat, Walk-In Closet(s), Window Treatments
- Laundry
- Electric Dryer Hookup, In Kitchen, Laundry Closet
- Stories / Levels
- One
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air
HOA & Financial
- Total monthly fees
- None
- Total annual fees
- None
- CDD
- No
- Listing terms
- Cash, Conventional, FHA, Private Financing Available, Special Funding, VA Loan
- Ownership
- Fee Simple
Exterior & Construction
- Exterior features
- Fence, Private Mailbox, Sidewalk
- Construction materials
- Block
- Roof
- Shingle
- Foundation
- Slab
- Road surface
- Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
Listing Details
- Listing date
- 2026-09-03
- On market date
- 2026-09-08
- Original list price
- $439,000
- Occupant type
- Tenant
- MLS area
- 33850 - Lake Alfred
- Listing AOR
- Other
- Status changed
- 2026-09-08
- Tax legal description
- HIGHLAND SUB PB 4 PG 2 BLK A LOT 13
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
Lakeland east toward Auburndale/Lake Alfred using Hwy 92e. Connect on US 17/92to E Main St. Left N 3rd st right to Grapefruit Ave. Continue to 640 E Grapefruit Ave Lake Alfred FL
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of October 9, 2026 at 11:00 AM ET. 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.
All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.
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