2121 S SAN GULLY ROAD #14 - 15, Lakeland, FL, 33803
About This Home
Exceptional investment opportunity — or the perfect way to own your home and have someone else help pay the mortgage! This fully rented duplex in Lakeland, Polk County is generating $3,300/month in gross rental income, delivering strong day one cash flow with room to grow. Each unit features 2 bedrooms and 2 full bathrooms, offering a spacious and desirable floor plan that attracts quality, long term tenants. The fully fenced backyard adds privacy and appeal that keeps vacancy rates low. For the savvy investor, this property delivers an estimated cap rate of approximately 6.5 at the $395,000 asking price — with upside potential as leases renew. For the owner occupant, the opportunity is equally compelling: live in one unit and let the rental income from the other significantly offset your monthly mortgage payment, a true house hack in one of Central Florida's fastest growing rental markets. Whether you're building a portfolio or simply looking for a smarter way to own, this turn key duplex checks every box. Schedule your showing today!
Getting Around
Car-Dependent
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1979
Materials
- Foundation: Other
- Roof: Other
- Construction materials: Other
Type & Style
- Home type: MultiFamily
- Property subType: Duplex,Multi Family
Interior
Appliances
- Laundry features: Other
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
Features
- Other
Heating & Cooling
- Heating features: Other
- Cooling features: Central Air
Interior Area
- Total structure area: 2,034
- Total interior livable area: 2,034 sqft
Property
Details
- Parcel number: 232825136650000070
- Zoning: PUD
- Special condition: None
Features
- Exterior features: Other
Lot
- Lot size: 0.36 Acres
Parking
- Total spaces: 2
- Parking features: Carport
- Covered spaces: 2
- Carport: Yes
- Carport spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Strong Wind
- Hurricane
- Lightning
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters in Polk County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,972 | $23,664 |
| Home Insurance * | $487 | $5,844 |
| Property Taxes | $237 | $2,844 |
| Electricity | $204 | $2,456 |
| Total | $2,900 | $34,800 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-25 | Price change | $390,000 |
| 2026-05-26 | Listed for sale | $395,000 |
View on Zillow