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$505,000

1125 Olive StreetLakeland, FL 33815

Listing updated: October 8, 2026 at 7:41 PM ET

Active

Listing courtesy of Coldwell Banker Realty · Samuel Rudolph · MLS #TB8553595 · Active · 727-822-9111

Beds

Baths

2,400

Sq Ft

0.4

Acres

1947

Built

◆$210/sqft

Quadruplex

Property type

1947

Year built

17,362 sqft

Lot size

$210

Price / sq ft

No HOA

HOA dues

Days on market

Flood zone

About this home

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.

Estimated monthly payment

Principal & interest$2,554

Property taxes$387

Home insurance (est.)$231

Down payment

20%

$101,000 downRate

6.5%

Term

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 history0 days on market

Status: Active
Oct 8, 2026
Listed$505,000
Oct 8, 2026
Price increased$505,000

Facts & features

Property type: Residential Income
Sub type: Quadruplex
Status: Active
Days on market: 0
Subdivision: Lake Beulah Heights Div 02
County: Polk
Year built: 1947
Living area: 2,400 sq ft
Price/sq ft: $210
Building area: 2,532 sq ft (Public Records)
Lot size: 17,362 sq ft
Lot category: 1/4 to less than 1/2
Flood zone: X (12105C0311G)
Annual taxes: $4,641 (2025)
Parcel #: 23-28-24-112000-004150
Zoning: RB-1
MLS #: TB8553595

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Interior Details

Bedrooms: 6
Interior features: Ninguno
Laundry: None, Washer Hookup

Heating & Cooling

Heating: Ductless
Cooling: Wall/Window Unit(s)

HOA & Financial

Total monthly fees: None
Total annual fees: None
CDD: No
Listing terms: Cash, Conventional, Other
Ownership: Fee Simple

Exterior & Construction

Exterior features: None
Construction materials: Frame
Roof: Shingle
Foundation: Crawlspace, Slab
Road surface: Other

Utilities

Sewer: Public Sewer
Water source: Public
Utilities: Public

Listing Details

Listing date: 2026-09-30
On market date: 2026-10-08
Original list price: $505,000
Occupant type: Tenant
MLS area: 33815 - Lakeland
Listing AOR: Suncoast Tampa
Status changed: 2026-10-08
Tax legal description: LAKE BEULAH HEIGHTS DIVISION NO 2 PB 6 PG 36 BLK D LOTS 15 & 16 LAKE BEULAH HEIGHTS DIVISION NO 2 PB 6 PG 36 BLK D LOT 14

Flood risk

Minimal riskFEMA Zone XPanel 12105C0311G

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

sikes blvd to s central ave to right on olive. 1125 on the left.

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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 8, 2026 at 7:41 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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