1247 East Parker Street

Lakeland, FL 33801

$384,900
Price
5
Beds
3
Baths
2,160 Sq. Ft.
$178 / Sq. Ft.
2,160
Sq. Ft.
$178
per Sq. Ft.

Description

This centrally located duplex is available and an excellent opportunity for investors looking for a strong cash flow or a savvy buyer looking to occupy one unit while renting out the other. With a strong occupancy history and low vacancy rate, it offers reliable cash flow potential. The property features two well-maintained units. Unit A is a spacious 3-bedroom, 2-bath with updated kitchen and bathrooms. Unit B is a 2-bedroom, 1-bath with an updated kitchen and bathroom. The building’s roof was replaced...This centrally located duplex is available and an excellent opportunity for investors looking for a strong cash flow or a savvy buyer looking to occupy one unit while renting out the other. With a strong occupancy history and low vacancy rate, it offers reliable cash flow potential. The property features two well-maintained units. Unit A is a spacious 3-bedroom, 2-bath with updated kitchen and bathrooms. Unit B is a 2-bedroom, 1-bath with an updated kitchen and bathroom. The building’s roof was replaced in 2020. All utilities are separately metered for convenience and efficiency. Whether you’re looking to expand your investment portfolio or live in one unit while generating rental income from the others, this duplex is a great option with strong rental demand in the area. Tenant occupied. Please do not disturb.

Property Details for 1247 East Parker Street

Subdivision Name
LAKE PARKER TERRACE SUB
Township
28
Waterfront
No
LISTING UPDATED: 02/07/2025 04:18 PM

Property Details for 1247 East Parker Street

StatusActive
MLS #TB8337031
Days on Market36
Taxes$2,430 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1976
Lot Size0.16 AC / 6,856 SF
CountyPolk County

Building Information for 1247 East Parker Street

Stories-Residences1Year Built1976Building Size-Lot Size0.16 AC / 6,856 SF

Property Information for 1247 East Parker Street

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Directions: From I-4 head toward Memorial Blvd. Head east on Memorial Blvd. Take a right onto N Lake Parker Ave. Take a right onto E Parker St and destination will be on your right.
  • Elementary School: Philip O’Brien Elementary
  • Middle Or Junior School: Crystal Lake Middle/Jun
  • High School: Lakeland Senior High
  • Mls Major Change Type: Price Decrease
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 1247
  • Street Direction Prefix: E
  • Street Name: Parker
  • Street Suffix: STREET
  • State: FL
  • City: LAKELAND
Parking
  • Attached Garage: No
  • Carport: No
  • Garage: No
  • Parking Features: Driveway, Ground Level, Off Street, Parking Pad
Taxes and HOA Information
  • Association Approval Required: No
  • Association: No
  • CDD: No
  • Tax Block: 2
  • Tax Book Number: 10-5
  • Tax Legal Description: LAKE PARKER TERRACE SUB PB 10 PG 5 BLK 2 LOT 12
  • Tax Lot: 12
  • Tax Year: 2023
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Parcel Number: 242817191000002120
  • Total Acreage: 0 to less than 1/4
  • Total Num Buildings: 1
  • Water Access: No
  • Water Extras: No
  • Zoning: RB-1
  • Living Area: 2160
Property and Assessments
  • Year Built Numeric: 1976
  • Flood Zone Code: X
  • Flood Zone Date: 12-22-2016
  • Flood Zone Panel: 12105C0315G
  • New Construction: No
  • Public Survey Range: 24
  • Public Survey Section: 17
  • Dock YN: No
Utilities
  • Sewer: Public Sewer
  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block
  • Exterior Features: Other
  • Foundation Details: Slab
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Shingle
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 5
  • Appliances: Cooktop, Other, Range, Range Hood, Refrigerator
  • Cooling: Central Air
  • Fireplace: No
  • Heating: Central
  • Interior Features: Living Room/Dining Room Combo, Other, Primary Bedroom Main Floor, Thermostat
  • Laundry Features: In Kitchen
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
  • Window Features: Blinds
Multi Family
Multi-Family Information
  • Annual Net Income: $30,776.00
  • Gross Income: $37,080
  • Unit Count: 2
Rental
Rental Information
  • Minimum Lease Period: 0
  • Pets Allowed: Yes

Property History for 1247 East Parker Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1247 East Parker Street

Taxable ValueLand-Additions-Total-
Tax Record2024$2,473 ($206 / month)
Home Facts
Total Finished SqFt2,160 SqFtAbove Grade Finished SqFt2,160 SqFtStories1Lot Size6,856 SqFtStyleMulti-Family Dwelling (2-4)Year Built1976Year Renovated1981ZoningRB-1CountyPOLKAPN242817191000002120

Schools near 1247 East Parker Street

This home is within Polk.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 5
Public - PK to 5
Public - PK to 8
Rating
School
Distance
Combee Academy of Design and Engineering
PublicPK to 5

Winston Academy of Engineering
PublicPK to 5

Philip O'brien Elementary School
PublicPK to 5

Rochelle School Of The Arts
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1247 East Parker Street is a multi-family home for sale in Lakeland, FL 33801. This property was listed for sale on January 17, 2025 by THE SHOP REAL ESTATE CO., it's currently listed at $384,900. It has been on the market for a total of 36 days and was last sold on February 25, 2005. This listing's school district is Polk. Nearby schools include Combee Academy of Design and Engineering, Winston Academy of Engineering and Philip O'brien Elementary School. 1247 East Parker Street is a 5-bed, 3-bath, 2,160 sqft multi-family home built in 1976.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of THE SHOP REAL ESTATE CO., Terry Connors, II

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 02/07/2025 04:18 PM