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 640 E Grapefruit Ave (Parcel: 26-27-28-493500-00130) for a target 6.24% portfolio cap rate. Multiple financing options available—schedule your private tour today! Disclaimer: Photos depict the vacant unit. Floor plans, interior finishes, and color schemes may vary slightly by unit.
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 640 E Grapefruit Ave (Parcel: 26-27-28-493500-00130) for a target 6.24% portfolio cap rate. Multiple financing options available—schedule your private tour today! Disclaimer: Photos depict the vacant unit. Floor plans, interior finishes, and color schemes may vary slightly by unit.
Property Details
Price:
$409,000
MLS #:
R4911947
Status:
Active
Beds:
4
Baths:
4
Type:
Multi Family
Subtype:
Duplex
Subdivision:
HIGHLAND SUB
Neighborhood:
33850lakealfred
Listed Date:
Sep 9, 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, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Cooling
Central Air
Flooring
Laminate, Tile
Heating
Central
Interior Features
Ceiling Fan(s), Crown Molding, Primary Bedroom Main Floor, Walk-In Closet(s), Window Treatments
Laundry Features
Electric Dryer Hookup, In Kitchen, Laundry Closet, Washer Hookup
Levels
One
Exterior
Construction Materials
Block
Exterior Features
Fenced, Sidewalk
Roof
Shingle
Security Features
Smoke Detector(s)
Window Features
Blinds
Financial
Tax Year
2025
Taxes
$5,987
Map
Community
- Address650 E GRAPEFRUIT AVENUE LAKE ALFRED FL
- SubdivisionHIGHLAND SUB
- CityLAKE ALFRED
- CountyPolk
- Zip Code33850
Subdivisions in LAKE ALFRED
- ADAM WILLIAM SUB
- BUENA VISTA DEV
- CHAR-MIL
- CHAR-MIL SUB
- CODDINGTON
- CODINGTON LAKE ALFRED
- CODINGTON REP LAKE ALFRED
- COOPER ADD
- ECHO HEIGHTS FIRST ADD
- ECHO HEIGHTS SUB LAKE ALFRED TR 5
- ECHO TERRACE REP
- EDEN HILLS
- EDEN HILLS PH 2
- FANNING SHORES SUB
- GROVE LAKE ESTATES
- GUM LAKE 40’S
- GUM LAKE PRESERVE
- GUM LAKE PRESERVE PHASE 2
- HAINESPORT
- HIGHLAND SUB
- ILAKEE OAKS
- LAKE ALFRED ESTATES
- LAKE CUMMINGS ESTATE
- LAKE CUMMINGS ESTATES
- LAKE GUM ESTATES
- LAKE MARIANA ACRES
- LAKES TR 04
- LAKES TR 5
- LAKES TR 6
- LANCASTER SHORES SUB
- LUMBEE OAKS
- MAGNOLIA RDG
- MAGNOLIA RIDGE
- MAGNOLIA RIDGE / MAGNOLIA RDG
- NEW ARMENIA REV MAP
- RIGGINS H S SUB
- ROCHELLE TERRACE REP
- ROWSE ADD
- SERDJENIAN A K SUB
- SILVERLAKE PH 1
- SILVERLAKE PHASE 2
- SPRINGS AT LAKE ALFRED
- THE LAKES
- TODHUNTER ESTATES
- TWIN LAKE SUB
- WATER RIDGE
- WATER RIDGE SUB
- WATER RIDGE SUBDIVISION
- WATERS EDGE AT THE LAKE PB 168 PGS 1-2
- WATERS EDGE/THE LAKES
Market Summary
Current real estate data for Multi Family in LAKE ALFRED as of Oct 23, 2026
3
Multi Family Listed
61
Avg DOM
198
Avg $ / SqFt
$366,000
Avg List Price
Property Summary
- Located in the HIGHLAND SUB subdivision, 650 E GRAPEFRUIT AVENUE LAKE ALFRED FL is a Multi Family for sale in LAKE ALFRED, FL, 33850. It is listed for $409,000 To schedule a showing of MLS#r4911947 at 650 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. 650 E GRAPEFRUIT AVENUE
LAKE ALFRED, FL