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1962 Crystal Grove Dr, Lakeland, FL, 33801

$160/sqft·Crystal Grove

8 bd8 ba4,056 sqftQuadruplex
Listed by TRUDEALS REALTY CORP· Last updated · MLS# O6434625

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Est. monthly payment
$4,210/mo
Down payment (20%)
$130,000
Property taxes
$495/mo
Rate assumed
6.8% · 30 yr
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At a glance

Single family
Built 1986
0.27 acres
Lot size
4,056 sqft
Living area

About this home

Garden

1962 Crystal Grove Dr is a 1986-built home in Crystal Grove, Lakeland. Inside you'll find 8 bedrooms, 8 bathrooms, and 4,056 square feet of living space. Listed at $650,000 (about $160/sqft), 7 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

Investment Opportunity – 1962 Crystal Grove Drive **Fantastic investment opportunity!** This **4-unit multifamily building** offers an excellent opportunity for investors looking to add an income-producing property to their portfolio. Each unit features a desirable **2-bedroom, 2-bathroom layout**, providing comfortable living space and strong rental appeal. **Two of the four units are currently tenant occupied**, generating **$1,500 per month per occupied unit**, providing immediate rental income while leaving additional potential to maximize the property's overall income. The four-unit configuration offers flexibility for an investor looking to build long-term cash flow and benefit from the continued demand for rental housing. The property's location adds to its investment appeal, with convenient access to everyday shopping, restaurants, schools, parks, and major roadways. Residents can enjoy nearby outdoor recreation, including opportunities for walking, biking, fishing, boating, and exploring Florida's natural surroundings. The area also offers easy access to local entertainment, dining, and shopping, making it an attractive location for both current and future tenants. Nearby attractions and recreational destinations provide plenty of options for enjoying the Florida lifestyle. Whether you're an experienced investor or looking for your first multifamily investment, **1962 Crystal Grove Drive** presents an exciting opportunity with **four 2-bedroom, 2-bathroom units**, existing rental income, and additional potential to increase occupancy and cash flow. **Four units. Strong rental potential. Two units currently producing $1,500/month each. Don't miss this opportunity to add a versatile multifamily property to your investment portfolio!**

The essentials

Built
1986
Price / sqft
$160
On market
24 days
Annual tax
$5,943
Flood zone
X · Low risk
Lot
11,827 sqft
Type
Quadruplex

Location

1962 Crystal Grove Dr
Lakeland, FL, 33801·33801 - Lakeland
Type
Quadruplex
Year Built
1986
Lot
11,827 sqft
Cooling
Central Air
Heating
Central
Parking
-
Days on Market
24
Garden
Flood Zone X

Annual Tax (2025)

$5,943

Parcel #

24-28-28-247010-017321

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision

Crystal Grove

County

Polk

MLS Area

33801 - Lakeland

Lot Size

11,827 sqft

Date
Event
Price
9/2/2026
Price change
Source: Stellar MLS #O6434625
$650,000-3.7%
$160/sqft
8/18/2026
Listed for sale
Source: Stellar MLS #O6434625
$675,000
$166/sqft
Est. monthly payment$4,210/mo
Principal & interest$3,390
Property taxes$495
Insurance$325
Down payment20% · $130,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Offer Insights

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List price: $650,000
$645,000 – $650,000
99.5% – 100% of listTops out right at the list price
80% of listList price
79 of the last 127 home closings in 33801 landed at this number or higher (62%). The median one sat 22 days before it went under contract, and this one is on day 24 after a $25,000 cut.

Sample: 127 closed home sales in 33801 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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