517 OAK STREET
Auburndale, FL, 33823 $ 319,900
Bedrooms3 Baths2.0 Sq 950 Monthly Estimate*
$ 2,020
for $319,900 with 3 bedrooms and 2 full baths. This 950 square foot apartment was built in 1930 on a lot size of 0.19.
AUBURNDALE INVESTMENT OPPORTUNITY • TWO SEPARATE RESIDENCES • $2,900/MONTH CURRENT GROSS RENTAL INCOME • APPROX. $80,000 IN IMPROVEMENTS • ALSO AVAILABLE FOR LEASE • SELLER MOTIVATED! Welcome to 517 Oak St, Auburndale, FL 33823, an income-producing property featuring two separate residences/living spaces and established rental income. The 4-bedroom, 3-bath residence is currently leased at $1,500/month, and the 2-bedroom, 2-bath residence is currently leased at $1,400/month, generating combined current gross rental income of $2,900/month ($34,800 annually). The owner reports approximately $80,000 in renovations and improvements, creating an attractive opportunity for investors seeking a property with existing rental income and multiple living spaces. Sale is subject to applicable existing lease terms. ADDITIONAL LEASE OPTION: Property is also offered for lease at $2,900/month, subject to existing leases, availability, lease terms, application requirements, and approval. Ask for complete lease and occupancy details. Conveniently located in Auburndale, Florida, with access to I-4, Lakeland, Winter Haven, Orlando, and Tampa, along with shopping, dining, schools, medical facilities, employment centers, and other Central Florida amenities. ALTERNATIVE HOMEOWNERSHIP OPTION: A separate bank-funded lease-to-own/homeownership program may also be available through a third-party provider for qualified applicants. Depending on program guidelines, alternative income documentation may be available, which may include recent bank statements rather than relying solely on traditional tax-return documentation. Program availability, income documentation, credit standards, required funds, occupancy requirements, property eligibility, terms, and final approval are determined solely by the participating third-party provider. This is not seller financing, and approval is not guaranteed. Ask for complete program details and qualification requirements. SELLER MOTIVATED! Property and lease information available upon request. Buyer and buyer's agent are encouraged to independently verify property use/classification, zoning, measurements, rental income, existing lease information, occupancy, program eligibility, and all other information deemed important. INVEST • LEASE • OR EXPLORE AN ALTERNATIVE PATH TO HOMEOWNERSHIP — SCHEDULE YOUR SHOWING TODAY!
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FeaturesGeneralSewer Public Sewer
Heating Central Electric
Cooling Central Air
Utilities BB/HS Internet Available Cable Available Electricity Available
Roof Shingle
Appliances Cooktop Microwave Range Refrigerator
Zoning R-3
Construction Materials Stucco Wood Frame
Year Built 1930
Levels One
Property Subtype 1/2 Duplex
Tax Year 2025
Ownership Fee Simple
County Polk
New Construction false
Property Type Residential
Subdivision Name AUBURNDALE HEIGHTS
Facing Direction East
Garage Y/N false
Total Rooms 3
Full Baths 2
Status Active
Directions 6th ST NW (Hwy 17 N) left on Havendale Blvd (544) to Magnolia. Make left on Oak house on left.
City AUBURNDALE
Senior Community Y/N false
MLS Area 33823 - Auburndale
Lot Size Units Square Feet
Lot Size Square Feet 8111
Carport Spaces 4
Carport Y/N true
Listing Terms Cash Conventional Lease Purchase Private Financing Available VA Loan
Land Lease Y/N false
Tax Annual Amount 3322.4
Home Warranty Y/N false
Additional Parcels Y/N false
Lease Considered Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6422400
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot 14
Legal Description AUBURNDALE HGTS PB 2 PG 13 BLK 17 LOT 14
Minimum Lease 1-7 Days
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
In Law Suite YN false
DockY/N false
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InteriorInterior Amenities Ceiling Fan(s)
Flooring Luxury Vinyl
Furnished Y/N Unfurnished
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Half Baths 0
Laundry Features None
Total Bedrooms 3
Total Baths 2
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ExteriorExterior Amenities None
Water Source Public
Lot Size Area 8111
Foundation Details Slab
Building Area Total 950
Lot Dimensions 57 x 143
Lot Size Acres 0.19
Road Surface Type Asphalt
Private Pool false
Waterfront Y/N false
Covered Spaces 4
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* Excluded FeaturesList Bymerlyesgrobuyandsell@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,020
- Monthly Property Taxes
- $277
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyAbout Auburndale, FL 16,044 Population
25% Since 2002
$ 47,558 Median Income
40.42 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/18/2026 | $319,900 | -10.89% | Price Down |
| 7/24/2026 | $359,000 | -2.71% | Price Down |
| 7/23/2026 | $369,000 | -5.36% | Price Down |
| 7/5/2026 | $389,900 | | Listed Price |