Prime investment opportunity in Lake Alfred! Built in 2023, this modern, turn-key duplex delivers instant cash flow with tenants already in place. Sitting on a ~0.17-acre lot with a private, fully fenced yard and NO HOA, this property offers ultimate flexibility for hands-off landlords or house-hackers looking to live in one side and offset their mortgage.
Both units boast a functional, open-concept 2-bedroom, 2-bathroom layout finished with fresh paint, durable low-maintenance flooring, and upgraded stainless steel appliances. Positioned right in the heart of town, residents enjoy fast access to US-17/92 and I-4 for effortless commutes to Orlando or Tampa, along with close proximity to local lakes, the Chain of Lakes Trail, and a planned Publix-anchored development.
Portfolio Opportunity: Motivated seller! Can be acquired individually or bundled with the matching, 1,800 sq ft duplex right next door at 650 E Grapefruit Ave (Parcel:26-27-28-493500-001141) for a target 6.24% portfolio cap rate. Multiple financing options available—schedule your private tour today!
Both units boast a functional, open-concept 2-bedroom, 2-bathroom layout finished with fresh paint, durable low-maintenance flooring, and upgraded stainless steel appliances. Positioned right in the heart of town, residents enjoy fast access to US-17/92 and I-4 for effortless commutes to Orlando or Tampa, along with close proximity to local lakes, the Chain of Lakes Trail, and a planned Publix-anchored development.
Portfolio Opportunity: Motivated seller! Can be acquired individually or bundled with the matching, 1,800 sq ft duplex right next door at 650 E Grapefruit Ave (Parcel:26-27-28-493500-001141) for a target 6.24% portfolio cap rate. Multiple financing options available—schedule your private tour today!
Property Details
Price:
$439,000
MLS #:
R4911803
Status:
Active
Beds:
4
Baths:
4
Type:
Multi Family
Subtype:
Duplex
Subdivision:
HIGHLAND SUB
Neighborhood:
33850lakealfred
Listed Date:
Sep 8, 2026
Finished Sq Ft:
1,800
Total Sq Ft:
1,836
Lot Size:
7,248 sqft / 0.17 acres (approx)
Year Built:
2023
See this Listing
Schools
Interior
Appliances
Dishwasher, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer
Cooling
Central Air
Flooring
Laminate, Tile
Heating
Central
Interior Features
Ceiling Fan(s), Crown Molding, Eating Space In Kitchen, High Ceilings, Kitchen/Family Room Combo, Open Floorplan, Primary Bedroom Main Floor, Thermostat, Walk-In Closet(s), Window Treatments
Laundry Features
Electric Dryer Hookup, In Kitchen, Laundry Closet
Levels
One
Exterior
Construction Materials
Block
Exterior Features
Fenced, Private Mailbox, Sidewalk
Roof
Shingle
Security Features
Fire Alarm
Window Features
Blinds, Drapes, Shades, Window Treatments
Financial
Tax Year
2025
Taxes
$5,987
Map
Community
- Address640 E GRAPEFRUIT AVENUE LAKE ALFRED FL
- SubdivisionHIGHLAND SUB
- CityLAKE ALFRED
- CountyPolk
- Zip Code33850
Subdivisions in LAKE ALFRED
- ADAM WILLIAM SUB
- BERNARD ESTATES
- BUENA VISTA DEV
- CAMP MONSON
- CODINGTON LAKE ALFRED
- CODINGTON REP LAKE ALFRED
- COOPER ADD
- ECHO HEIGHTS FIRST ADD
- ECHO HEIGHTS SUB LAKE ALFRED TR 5
- ECHO TERRACE PB 23 PG 16
- ECHO TERRACE REP
- EDEN HILLS
- EDEN HILLS PH 2
- EDEN HILLS PH 2B
- EDEN HILLS PHASE 2
- EDEN HILLS PHASE 2 PB 194 PG 24-41 LOT 308
- FANNING SHORES SUB
- GARRETT SUB
- GUM LAKE
- GUM LAKE 40’S
- GUM LAKE 50’S
- GUM LAKE PRESERVE
- GUM LAKE PRESERVE PHASE 2 PB 210 PGS 07-11 LOT 150
- HAINESPORT
- HIGHLAND SUB
- LAKE ALFRED ESTATES
- LAKE ALFRED PINES
- LAKE ALFRED REP
- LAKE CUMMINGS ESTATES
- LAKE GUM ESTATES
- LAKE GUM ESTATES TR 25
- LAKE MARIANA ACRES
- LAKE MARIANA SHORES
- LAKES TR 02
- LAKES TR 5
- LANCASTER SHORES SUB
- MAGNOLIA RDG
- NEW ARMENIA REV MAP
- RIGGINS H S SUB
- ROCHELLE TERRACE
- ROWSE ADD
- SILVERLAKE PH 1
- SILVERLAKE PHASE 1
- SILVERLAKE PHASE 2
- SLIVER LAKE
- SPRINGS AT LAKE ALFRED
- THE LAKES
- TODHUNTER ESTATES
- TRACT 5 THE LAKES PB 179 PGS 39-40 LOT 7
- TWIN LAKE SUB
- WATER RIDGE
- WATER RIDGE SUB
- WATER RIDGE SUBDIVISION
Market Summary
Current real estate data for Multi Family in LAKE ALFRED as of Sep 16, 2026
3
Multi Family Listed
24
Avg DOM
209
Avg $ / SqFt
$386,000
Avg List Price
Property Summary
- Located in the HIGHLAND SUB subdivision, 640 E GRAPEFRUIT AVENUE LAKE ALFRED FL is a Multi Family for sale in LAKE ALFRED, FL, 33850. It is listed for $439,000 To schedule a showing of MLS#r4911803 at 640 E GRAPEFRUIT AVENUE in LAKE ALFRED, FL, contact your CENTURY 21 Carioti agent at 2392986550.
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Courtesy of BOKORS CORNER REALTY LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Orlando/Tampa – FL. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Orlando/Tampa – FL. All rights reserved. 640 E GRAPEFRUIT AVENUE
LAKE ALFRED, FL