New Listing
$439,000
 $2,357 est/mo Sourced by Back At You

650 E Grapefruit Ave,LAKE ALFRED, FL 33850

LAKE ALFRED, FL 33850

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Description

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.

Details

MLS #R4911947
Listing TypeFor Sale
Sub-TypeFor-sale
StatusActive
Year2023
Days On Site1
Listing Provided ByBOKORS CORNER REALTY LLC | Sharon Bokor

Features

Bed(s)4
Bath(s)4
SQ Feet1,800
Story(s)1
ZoningR-2
Acreage0.17

Taxes

Property5987

Area Information

StateFL
CountyPolk
CityLAKE ALFRED
Zip Code33850
Area33850 Lake Alfred
Community NameHIGHLAND SUB
Listing VS Median (in HIGHLAND SUB)
Price:
$439,000
low | high
Med:
$439,000
50% of Average
sqft:
1,800
low | high
Med:
1,800
50% of Average
$ / sqft:
$244
low | high
Med:
$244
50% of Average
On site:
1
low | high
Med:
1.5
66.666666666667% of Average
Sourced by Back At You

Market Activity 33850

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 Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of September 10, 2026 at 12:25:06 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

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Learn More About This Property

StateFL
CountyPolk
CityLAKE ALFRED
Zip Code33850
Area33850 Lake Alfred
Community NameHIGHLAND SUB
Listing VS Median (in HIGHLAND SUB)
Price:
$439,000
low | high
Med:
$439,000
50% of Average
sqft:
1,800
low | high
Med:
1,800
50% of Average
$ / sqft:
$244
low | high
Med:
$244
50% of Average
On site:
1
low | high
Med:
1.5
66.666666666667% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $329K - $548K
sqft: 1,000 - 2,000
Nearby Listings Property ImageNearby Listings Details
640 E GRAPEFRUIT AVE Property Photo 1
$439,000
640 E Grapefruit Ave
Lake Alfred, FL 33850
Listing Updated: September 9, 2026 at 7:14:28 PM PDT