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$505,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 0.4 Acres
  • Updated 15 hours ago
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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.

Full Property Details for 1125 Olive St

General

  • Price: $505,000
  • Taxes: $4,640 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: TB8553595
  • Updated: 10/9/2026
  • Added to Site: 1 day(s) ago

Interior

  • Interior Features: Ninguno

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 6

Other Rooms

  • Laundry: None, Washer Hookup

Exterior

  • Exterior Features: None

Location

  • Area: 33815 - Lakeland
  • County: Polk
  • Development Name: 33815 - Lakeland
  • Subdivision: LAKE BEULAH HEIGHTS DIV 02
  • Driving Directions: sikes blvd to s central ave to right on olive. 1125 on the left.

Community

  • Community Name: 33815 - Lakeland

Heating & Cooling

  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Wall Units / Window Unit

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Public

Structural Information

  • # Buildings: 2
  • Exterior Const.: Wood Frame
  • Roof: Shingle
  • Square Feet: 2,400
  • Sq. Ft. Source: Public Records
  • Year Built: 1947

Lot Features

  • Lot Size (Acres): 0.4
  • Lot Size (Sq. Ft.): 17,362
  • Lot Size: 17362
  • Lot Dimensions: 124 x 94
  • Street/Road Desc.: Other

Financial Considerations

  • Tax Amount: $4,640.54
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • 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 Zone Info: X
  • APN: 232824112000004150
  • Property ID: 232824112000004150
  • Block/Lot/Section: D
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 1125 Olive St —

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 1125 Olive St

School District:Polk County School District
NameGradesDistance
Kathleen Senior High School
1100 Red Devil Way, Lakeland, FL 33815
9-121.9 mi
R. Bruce Wagner Elementary School
5500 Yates Road, Lakeland, FL 33811
PK-55.5 mi
Southwest Middle School, Lakeland, FL
2815 Eden Parkway, Lakeland, FL 33803
6-81.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1125 Olive St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/08/2026
Listed
$505,000
274.07%
MLS
3/18/2021
Sold
$135,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1125 Olive St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,641
—
$216,011
10%
2025
$4,641
23%
$196,374
-30%
2024
$3,769
-23%
$281,664
-46%
2023
$4,894
81%
$520,200
253%
2022
$2,710
15%
$147,539
10%
2021
$2,350
—
$134,663
24%
2021
$2,350
11%
$108,737
—
2019
$2,119
20%
$108,737
1%
2017
$1,759
—
$107,150
20%
2017
$1,759
55%
$89,411
57%
2016
$1,135
1%
$56,817
3%
2015
$1,120
4%
$55,069
—
2014
$1,080
-4%
$55,070
-3%
2013
$1,128
—
$56,499
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1125 Olive Street, Lakeland, FL 33815 (MLS# TB8553595) is a Multi-Family property with units containing 6 bedrooms and 0 full bathrooms. 1125 Olive Street is currently listed for $505,000 and was received on October 08, 2026. This property is listed by Samuel Rudolph from our St. Pete Downtown at Sundial Office.Want to learn more about 1125 Olive Street? Do you have questions about finding other Multi-Family real estate for sale in Lakeland? You can browse all Lakeland real estate or contact a Coldwell Banker agent to request more information.

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