1125 Olive St, photo 1
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Overview

6 bd4 ba2,400 sqftQuadruplex
TypeQuadruplex
HOANone listed
Built1947
Lot17,362 sqft
Living area2,400 sqft
Price / sqft$210

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About this home

Ninguno

1125 Olive St is a 1947-built home in Lake Beulah Heights DIV 02, Lakeland. Inside you'll find 6 bedrooms, 4 bathrooms, and 2,400 square feet of living space. Listed at $505,000 (about $210/sqft), 11 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

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.

The essentials

Built
1947
Price / sqft
$210
On market
11 days
Annual tax
$4,641
Flood zone
X · Low risk
Lot
17,362 sqft
Type
Quadruplex

At a glance

Single family
Built 1947
0.40 acres
Lot size
2,400 sqft
Living area

Payment

Est. monthly payment
$3,273/mo
Down payment (20%)
$101,000
Property taxes
$387/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Quadruplex
Year Built
1947
Lot
17,362 sqft
Cooling
Wall/Window Unit(s)
Heating
Ductless
Parking
-
Days on Market
11
Ninguno
Flood Zone X
Annual Tax (2025)
$4,641
Parcel #
23-28-24-112000-004150

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
Lake Beulah Heights DIV 02
County
Polk
MLS Area
33815 - Lakeland
Lot Size
17,362 sqft

Price history

Date
Event
Price
9/30/2026
Listed for sale
Source: Stellar MLS #TB8553595
$505,000
$210/sqft

Neighborhood

1125 Olive St
Lakeland, FL, 33815 · 33815 - Lakeland

Market insights

Offer Insights

Choose an offer strength

List price: $505,000
$500,000 – $505,000
99.5% – 100% of listTops out right at the list price
80% of listList price
28 of the last 52 home closings in 33815 landed at this number or higher (54%). The median one sat 39 days before it went under contract, and this one is on day 11.

Sample: 52 closed home sales in 33815 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$3,273/mo
Principal & interest$2,634
Property taxes$387
Insurance$253
Down payment20% · $101,000
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.

Quick answers.

Price

$505,000

$210 per sq ft

Beds and baths

6 beds, 4 baths

Size

2,400 sq ft

Time on market

11 days

Year built

1947

Monthly payment

About $3,273/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $4,641 annual tax bill, insurance.

Flood zone

Zone X

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Offer

What should I offer?

Have another question?

Brokered byCOLDWELL BANKER REALTYListing agent: Samuel RudolphListing data from Stellar MLS, MLS# TB8553595.

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