$
Active
1125 OLIVE ST
Lakeland, Polk, FL, 33815
$505,000
$210/sqft
6Beds
4Baths
2,400Sq Ft
1947Built
30Days on Market
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.
Facts & Features
MLS ID#MFRTB8553595
Price$505,000
StatusActive
Bedrooms6
Bathrooms4
Full BathsN/A
Half BathsN/A
Square Footage2,400 sqft
Acres0.4000
Year Built1947
TypeResidential Income
SubtypeQuadruplex
StyleN/A
Community Information
Address1125 OLIVE ST
SubdivisionLake Beulah Heights Div 02
CityLakeland
CountyPolk
StateFL
Zip Code33815
Senior CommunityNo
Amenities
AmenitiesN/A
ParkingN/A
ViewNo
WaterfrontNo
PoolNo
Interior
Interior FeaturesNinguno
HeatingDuctless
CoolingWall/Window Unit(s)
FlooringN/A
FireplaceN/A
StoriesN/A
AppliancesN/A
Exterior
Exterior FeaturesNone
ConstructionFrame
FoundationSlab, Crawlspace
RoofShingle
FencingN/A
Lot FeaturesN/A
School Information
ElementaryN/A
MiddleN/A
HighN/A
Additional Information
Date ListedOctober 8, 2026
Days on Market30
ZoningRB-1
Direction FacesN/A
New ConstructionNo
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This calculator provides estimates for informational purposes only and is not a loan offer, pre-approval, or commitment to lend. Actual rates, payments, and loan terms vary by lender and are subject to credit approval, income/asset verification, and market conditions. Property tax and homeowners insurance shown are estimates and may differ. PMI applies when the down payment is under 20%. For an official Loan Estimate, contact a licensed mortgage lender. COLDWELL BANKER REALTY is a licensed real estate brokerage, not a mortgage lender. Equal Housing Opportunity.
30 days on market
Listed by: Samuel Rudolph · 727-426-0746—COLDWELL BANKER REALTY · 727-822-9111
Updated from Real Estate Market Data
MLS/IDX data last updated: November 14, 2026 7:13 AM . 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
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