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$449,000 Just Listed

  • For Sale
  • Active
  • Duplex
  • 6 Beds
  • 4 Total Baths
  • 2,050 Sq. Ft.
  • Updated 4 days ago
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Cash-flowing duplex investment in South Lakeland with separate utilities, strong rental demand, and immediate upside. Located at 704-706 W Alamo Drive, this turnkey multi-family property offers a rare opportunity to own an income-producing asset in a rapidly appreciating area. Each unit features private entrances, updated interiors, and durable luxury vinyl plank flooring throughout. One unit is vacant and move-in ready - perfect for house hacking or an owner-occupant. The second unit is tenant-occupied on a month-to-month lease, providing flexibility for investors. Bonus features include an enclosed garage, covered carport, off-street parking, and a large yard with outbuilding/workshop potential. No HOA. Flood zone X. This property is ideal whether you're building a rental portfolio, looking for low-maintenance cash flow, or seeking future redevelopment potential close to downtown Lakeland, shopping, dining, and major roadways. Income-producing properties like this are rare in today's market.

Full Property Details for 704 W Alamo Dr

General

  • Price: $449,000
  • Taxes: $4,183 (2025)
  • Status: Active
  • Type: Duplex
  • Source: MidFloridaRegionalMLS
  • MLS ID: TB8463540
  • Updated: 1/13/2026
  • Added to Site: 5 day(s) ago

Interior

  • Interior Features: Ceiling Fan(s), Skylight(s)
  • Appliances: Dishwasher, Electric Water Heater, Refrigerator
  • Furnishings: Unfurnished
  • Flooring: Ceramic Tile

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 6

Other Rooms

  • Laundry: Inside, Laundry Closet

Additional Information

  • Security/Safety: Smoke Detector(s)

Exterior

  • Exterior Features: Storage

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Carports: Yes
  • Carport: 1
  • Carport Spaces: 1
  • Covered Spaces: 3
  • Parking Features: Boat, Garage Door Opener, Garage Faces Rear, Off Street, Workshop in Garage

Location

  • Area: 33813 - Lakeland
  • County: Polk
  • Development Name: 33813 - Lakeland
  • Subdivision: ALAMO VILLAS
  • Driving Directions: Head south on FL-37 S ? 0.1 mi Turn right onto W Alamo Dr ? Destination will be on the left

Community

  • Community Name: 33813 - Lakeland

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Septic Tank
  • Water: Public
  • Utility Description: BB/HS Internet Available, Electricity Available, Electricity Connected

Structural Information

  • # Buildings: 1
  • Exterior Const.: Block
  • Roof: Metal
  • Windows: Blinds
  • Square Feet: 2,050
  • Sq. Ft. Source: Public Records
  • Year Built: 1977

Additional Structures

  • Other Structures: Finished RV Port, Storage, Workshop

Lot Features

  • Lot Size (Acres): 0.34
  • Lot Size (Sq. Ft.): 14,749
  • Lot Size: 14749
  • Frontage: Street Paved
  • Street/Road Desc.: Paved

Financial Considerations

  • Tax Amount: $4,183.67
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: N 190 FT OF E 90 FT OF W1/2 OF NE1/4 OF NW1/4 LESS N 25 FT FOR RD R/W BEING LOT 19 OF UNRE ALAMO VILLAS
  • Flood Zone Info: X
  • APN: 232912000000031090
  • Property ID: 232912000000031090
  • Block/Lot/Section: E

Listed by Flat Fee Mls Realty

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— 704 W Alamo Dr —

  • Flat Fee Mls Realty

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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 704 W Alamo Dr

School District:Polk County School District
NameGradesDistance
Southwest Elementary School
2650 Southwest Avenue, Lakeland, FL 33803
PK-52.2 mi
Southwest Middle School, Lakeland, FL
2815 Eden Parkway, Lakeland, FL 33803
6-82.2 mi
George W. Jenkins Senior High School
6000 Lakeland Highlands Road, Lakeland, FL 33813
9-123.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 704 W Alamo Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/13/2026
Listed
$449,000
131.2%
MLS
3/09/2021
Sold
$194,207
—
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 704 W Alamo Dr

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,601
14%
$187,776
8%
2023
$3,165
6%
$173,955
7%
2022
$2,980
48%
$162,295
85%
2021
$2,018
—
$87,621
-4%
2021
$2,018
1%
$91,055
-2%
2017
$1,993
—
$93,065
4%
2017
$1,993
7%
$89,521
8%
2016
$1,865
4%
$82,575
8%
2015
$1,797
-14%
$76,293
-19%
2019
$2,092
19%
$94,268
24%
2014
$1,755
-1%
$76,047
1%
2013
$1,775
—
$75,556
—
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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Listed by Flat Fee Mls Realty

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704 W Alamo Drive, Lakeland, FL 33813 (MLS# TB8463540) is a Duplex property with 6 bedrooms and 0 full bathrooms. 704 W Alamo Drive is currently listed for $449,000 and was received on January 13, 2026. Want to learn more about 704 W Alamo Drive? Do you have questions about finding other Duplex 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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