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For sale
    • Price cut: $20K (10/14)
    $409,000

    640 E GRAPEFRUIT AVENUE, LAKE ALFRED, FL 33850

    4beds
    4baths
    1,800sqft
    : 
    $2,869/mo
    Get pre-qualified
    Duplex, Multi Family
    Built in 2023
    -- sqft lot
    $-- Zestimate®
    $227/sqft
    $-- HOA

    What's special

    Fresh paintModern turn-key duplexPrivate fully fenced yardDurable low-maintenance flooringUpgraded stainless steel appliances
    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!
    47 days
    132
    8

    Zillow last checked:

    Listing updated:

    Listed by:

    Sharon Bokor 813-708-2266,

    BOKORS CORNER REALTY LLC 813-708-2266

    Source: Stellar MLS,MLS#: R4911803MLS LogoOriginating MLS: Other

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
      • Laundry: Electric Dryer Hookup, In Kitchen, Laundry Closet
      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)
      • Flooring: Laminate, Tile
      • Windows: Window Treatments
      • Has fireplace: No
      Interior area
      • Total structure area: 1,836
      • Total interior livable area: 1,800 sqft
      Video & virtual tour

      Property

      Features
      • Levels: One
      • Stories: 1
      • Exterior features: Private Mailbox, Sidewalk
      • Fencing: Fenced
      Lot
      • Size: 7,248 Square Feet
      • Dimensions: 50 x 145
      Details
      • Parcel number: 262728493500001130
      • Zoning: R-2
      • Special conditions: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Duplex, Multi Family
      Materials
      • Block
      • Foundation: Slab
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 2023

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected

      Community & HOA

      Community
      • Security: Fire Alarm
      • Pet fee: $0 monthly
      • Subdivision: HIGHLAND SUB
      HOA
      • Has HOA: No
      Location
      • Region: Lake Alfred

      Financial & listing details

      • Price per square foot: $227/sqft
      • Tax assessed value: $312,120
      • Annual tax amount: $5,987
      • Date on market: 9/8/2026
      • Cumulative days on market: 48 days
      • Listing terms: Cash,Conventional,FHA,Private Financing Available,Special Funding,VA Loan
      • Ownership: Fee Simple
      • Lease term: >6 Months <12
      • Total actual rent: 3100
      • Tenant pays: Electricity
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        10/14/2026Price change$409,000-4.7%$227/sqft
        Source: Stellar MLS #R4911803 Report a problem
        10/9/2026Price change$429,000-2.3%$238/sqft
        Source: Stellar MLS #R4911803 Report a problem
        9/8/2026Listed for sale$439,000-2.4%$244/sqft
        Source: Stellar MLS #R4911803 Report a problem
        8/4/2026Listing removed$449,999$250/sqft
        Source: BeachesMLS #B26046275 Report a problem
        6/28/2026Price change$449,999+0.2%$250/sqft
        Source: BeachesMLS #B26046275 Report a problem
        6/6/2026Price change$449,000-0.2%$249/sqft
        Source: Stellar MLS #O6390664 Report a problem
        6/5/2026Price change$449,999-2%$250/sqft
        Source: My State MLS #11642456 Report a problem
        5/15/2026Price change$459,000-2.5%$255/sqft
        Source: Stellar MLS #O6390664 Report a problem
        2/5/2026Listed for sale$471,000-3%$262/sqft
        Source: My State MLS #11642456 Report a problem
        12/1/2025Listing removed$1,500$1/sqft
        Source: Zillow Rentals Report a problem
        9/17/2025Price change$1,500-6.3%$1/sqft
        Source: Zillow Rentals Report a problem
        9/15/2025Price change$1,600+6.7%$1/sqft
        Source: Zillow Rentals Report a problem
        8/27/2025Price change$1,500-3.2%$1/sqft
        Source: Zillow Rentals Report a problem
        8/24/2025Price change$1,550-3.1%$1/sqft
        Source: Zillow Rentals Report a problem
        7/17/2025Price change$1,600-1.5%$1/sqft
        Source: Zillow Rentals Report a problem
        6/27/2025Price change$1,625-1.5%$1/sqft
        Source: Zillow Rentals Report a problem
        6/25/2025Listed for rent$1,650$1/sqft
        Source: Zillow Rentals Report a problem
        9/30/2024Listing removed$485,599$270/sqft
        Source: Stellar MLS #O6225084 Report a problem
        9/30/2024Price change$485,599-2.9%$270/sqft
        Source: Stellar MLS #O6225084 Report a problem
        7/19/2024Listed for sale$500,000+17.6%$278/sqft
        Source: Stellar MLS #O6225084 Report a problem
        8/1/2023Sold$425,000$236/sqft
        Source: Public Record Report a problem
        6/28/2023Pending sale$425,000$236/sqft
        Source: Stellar MLS #L4936023 Report a problem
        5/23/2023Price change$425,000-5.6%$236/sqft
        Source: Stellar MLS #L4936023 Report a problem
        3/19/2023Listed for sale$450,000+1700%$250/sqft
        Source: Stellar MLS #L4936023 Report a problem
        2/7/2022Sold$25,000$14/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,987 +9.3%$312,120 +9.5%
        2024$5,480 +2059.9%$285,120 +2093.2%
        2023$254 +16.3%$13,000 +18.2%
        2022$218 +5.8%$11,000 +10%
        2021$206 +5.8%$10,000 +6.4%
        2020$195 -2%$9,400
        2019$199 $9,400 +4.4%
        2018$199 +3.6%$9,000 +4.7%
        2017$192 +2.2%$8,600
        2016$188 +3.1%$8,600 +4.9%
        2015$182 +12.7%$8,200 +9.6%
        2014$162 +4%$7,480 +10%
        2013$156 +0.2%$6,800
        2012$155 -3.7%$6,800 -5.6%
        2011$161 -4.6%$7,200 -5.3%
        2010$169 -18.6%$7,600 -15.6%
        2009$208 -21.2%$9,000 -25%
        2008$264 $12,000
        2007-- --
        2006$214 --
        2005-- --
        2004$192 +0.8%--
        2003$190 -1.7%$7,950
        2002$193 $7,950
        2001$193 $7,950
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 33850

        Getting around

        10 / 100
        Car-Dependent

        Nearby schools

        GreatSchools rating

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