
$650,000
1962 Crystal Grove Drive
Lakeland, FL 33801
Listing updated: September 2, 2026 at 6:05 PM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Investment Opportunity – 1962 Crystal Grove Drive **Fantastic investment opportunity!** This **4-unit multifamily building** offers an excellent opportunity for investors looking to add an income-producing property to their portfolio. Each unit features a desirable **2-bedroom, 2-bathroom layout**, providing comfortable living space and strong rental appeal. **Two of the four units are currently tenant occupied**, generating **$1,500 per month per occupied unit**, providing immediate rental income while leaving additional potential to maximize the property's overall income. The four-unit configuration offers flexibility for an investor looking to build long-term cash flow and benefit from the continued demand for rental housing. The property's location adds to its investment appeal, with convenient access to everyday shopping, restaurants, schools, parks, and major roadways. Residents can enjoy nearby outdoor recreation, including opportunities for walking, biking, fishing, boating, and exploring Florida's natural surroundings. The area also offers easy access to local entertainment, dining, and shopping, making it an attractive location for both current and future tenants. Nearby attractions and recreational destinations provide plenty of options for enjoying the Florida lifestyle. Whether you're an experienced investor or looking for your first multifamily investment, **1962 Crystal Grove Drive** presents an exciting opportunity with **four 2-bedroom, 2-bathroom units**, existing rental income, and additional potential to increase occupancy and cash flow. **Four units. Strong rental potential. Two units currently producing $1,500/month each. Don't miss this opportunity to add a versatile multifamily property to your investment portfolio!**
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 history7 days on market
- Status: ActiveSep 2, 2026
- Listed$675,000Aug 18, 2026
- Price reduced$650,000
Facts & features
- Property type
- Residential Income
- Sub type
- Quadruplex
- Status
- Active
- Days on market
- 7
- Cumulative DOM
- 103
- Subdivision
- Crystal Grove
- County
- Polk
- Year built
- 1986
- Living area
- 4,056 sq ft
- Price/sq ft
- $160
- Lot size
- 11,827 sq ft
- Lot category
- 1/4 to less than 1/2
- Flood zone
- X (12105C0320G)
- Annual taxes
- $5,943 (2025)
- Parcel #
- 24-28-28-247010-017321
- Zoning
- PUD
- MLS #
- O6434625
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Interior Details
- Bedrooms
- 8
- Interior features
- Other
- Laundry
- Laundry Room
- Stories / Levels
- One
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Min lease term
- 1-7 Days
- Listing terms
- Cash, Conventional
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
- Additional lease restrictions
- n/a
- Approval process
- n/a
Exterior & Construction
- Exterior features
- Garden
- Construction materials
- Concrete
- Roof
- Shingle
- Foundation
- Block
- Road surface
- Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Cable Available, Electricity Connected, Sewer Connected, Water Connected
Listing Details
- Listing date
- 2026-08-18
- On market date
- 2026-08-18
- Original list price
- $675,000
- MLS area
- 33801 - Lakeland
- Listing AOR
- Orlando Regional
- Status changed
- 2026-09-02
- Tax legal description
- CRYSTAL GROVE PB 72 PG 33 LOT Q-32 LESS 1.25 FT
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
From I-4: Take Exit 33 for Socrum Loop Road / FL-33 and head south on FL-33/Socrum Loop Road toward Lakeland. Continue approximately 3–4 miles, then turn left onto Crystal Grove Drive. Follow Crystal Grove Drive to 1962 Crystal Grove Drive; the property will be on your side of the street.
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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 September 2, 2026 at 6:05 PM 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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