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$550,000 Just Listed
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Property Description
Quadruplex investment opportunity at 1201 Buddwood Rd in Lakeland offering approximately 3,364 square feet of total living area across four units on a 16,679 square foot lot (0.38 acres). Built in 1976 and updated in 2021, the property features a functional layout with three of the four units currently occupied, providing immediate income with additional upside potential. Each unit offers a practical floor plan with private entrances, natural light, and efficient living spaces designed for tenant use. The configuration supports consistent occupancy and straightforward management, making it suitable for both experienced and entry level investors. Opportunity exists to increase revenue through lease adjustments, interior improvements, or stabilization of the remaining unit. The property is located in an established Lakeland area with convenient access to Highway 98 and surrounding roadways, providing connectivity to employment centers, shopping, dining, and everyday services. The location supports steady rental demand and long term tenant retention. This asset presents a strong foundation for cash flow with value add potential. Suitable for investors seeking to expand a portfolio or acquire a multi unit property with in place income, operational stability, and future growth opportunity. Note: This cannot be a child-care facility.
Full Property Details
Full Property Details for 1201 Buddwood Rd
General
- Price: $550,000
- Taxes: $3,777 (2025)
- Status: Active
- Type: Multi-Family
- Source: MidFloridaRegionalMLS
- MLS ID: O6399970
- Updated: 4/17/2026
- Added to Site: 2 day(s) ago
Interior
- Interior Features: Eating Space In Kitchen
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 8
Other Rooms
- Laundry: Inside
Exterior
- Exterior Features: Other
Parking
- Parking Features: Parking Pad
Location
- Area: 33801 - Lakeland
- County: Polk
- Development Name: 33801 - Lakeland
- Subdivision: GOLCONDA
- Driving Directions: From Highway 98, turn onto Lake Parker Avenue. Continue to Parker Street East and turn right, then take an immediate left onto Golconda Road. Follow to Fortner Road and turn left, then make a right onto Buddwood Drive. The duplexes are located on the curve to your right. There is no sign on the property. Please do not disturb the tenants.
Community
- Community Name: 33801 - Lakeland
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable TV Available, Electricity Connected, Public
Structural Information
- # Buildings: 2
- Exterior Const.: Block, Brick
- Roof: Shingle
- Square Feet: 3,364
- Sq. Ft. Source: Public Records
- Year Built: 1976
Lot Features
- Lot Size (Acres): 0.38
- Lot Size (Sq. Ft.): 16,679
- Lot Size: 16679
- Lot Dimensions: 65 x 130
- Street/Road Desc.: Paved
Financial Considerations
- Tax Amount: $3,777.38
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: GOLCONDA PB 8 PG 34 BLK 4 LOTS 24 & 25
- Flood Zone Info: X
- APN: 242817193500004240
- Property ID: 242817193500004240
- Block/Lot/Section: 4
Listed by Lpt Realty, Llc
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Schools
Schools serving 1201 Buddwood Rd
School District:Polk County School District
| Name | Grades | Distance |
|---|---|---|
Valleyview Elementary School 2900 State Rd 540a E, Lakeland, FL 33813 | PK-5 | 7.1 mi |
Crystal Lake Middle School 2410 North Crystal Lake Drive, Lakeland, FL 33801 | 6-8 | 2.3 mi |
Lakeland Senior High School 726 Hollingsworth Road, Lakeland, FL 33801 | 9-12 | 1.3 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 1201 Buddwood Rd
Date
Details
Price
Change
Source
4/17/2026
Listed
$550,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1201 Buddwood Rd
1201 Buddwood Road, Lakeland, FL 33801 (MLS# O6399970) is a Multi-Family property with units containing 8 bedrooms and 0 full bathrooms. 1201 Buddwood Road is currently listed for $550,000 and was received on April 17, 2026. Want to learn more about 1201 Buddwood Road? 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.

