4602 SANDY LANE Lakeland, FL $ 324,900
4602 SANDY LANE
$ 324,900
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4602 SANDY LANE

Lakeland, FL, 33813
$ 324,900
Bedrooms4 Baths4.0 Sq 2,055

Monthly Estimate*

$ 2,000

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Multi-Family Home for sale in Lakeland, FL

for $324,900 with 4 bedrooms and 4 full baths. This 2,055 square foot home was built in 1978 on a lot size of 0.25.

Well-maintained full duplex on a corner lot with dual addresses in South Lakeland. Welcome to 4604 Sandy Ln / 816 W Alamo Dr—an income-producing property that combines long-term stability with future upside. Each unit features 2 bedrooms and 1.5 baths, private entrances, and a large shared driveway. The Alamo unit was refreshed in Summer 2024 with new kitchen cabinetry, granite countertops, updated bathroom with tile surround, new vanities, and new flooring—clean, modern, and rent-ready. The Sandy unit has been well maintained with all major systems updated, making this a low-maintenance asset overall. Key major systems have been fully updated and documented, offering buyers true peace of mind from day one. Recent 4-Point-worthy improvements include: roof and windows replaced in 2018; HVAC systems updated in 2020 and 2025; water heaters replaced in 2024 and 2026; a full replumb completed January 2026; and an electrical system brought to current safety standards (GFCIs, grounding, and breaker corrections). Both long-term tenants pay their own utilities and are currently rented at $1,190 per side (under market). Leases expire in May 2026, creating a clear path for future rent adjustments or repositioning. Market rents in the area support approximately $1,450–$1,600 per side (buyer to verify), offering immediate upside potential. Conveniently located near shopping, schools, parks, Polk Parkway, and I-4, this is a duplex that performs today and improves over time—ideal for an investor seeking stable income with upside or a house-hacker looking to offset living expenses while building equity. NOTE: Tenant-occupied; 24 hours’ notice required for showings.

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Multi-Family Active

Price

$ 324,900

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 2,931

Style

Duplex

Lot Size

0.25

Year Built

1978

Town/City

Lakeland

County/Region

Polk

MLS | Web ID

L4958645

Features
General
Sewer Septic Tank
Heating Central Electric
Cooling Central Air
Utilities BB/HS Internet Available Cable Connected Electricity Connected Water Connected
Roof Shingle
Appliances Dishwasher Microwave Range Refrigerator
Zoning R-2
Patio/Porch Features None
Security Features Smoke Detector(s)
Construction Materials Block
Pets Allowed Yes
Year Built 1978
Tenant Pays Electricity Sewer Trash Collection Water
View Trees/Woods
Levels One
Property Subtype Duplex
Tax Year 2024
Ownership Fee Simple
Gross Income 28560
County Polk
New Construction false
Property Type Residential Income
Subdivision Name ALAMO ESTATES
Garage Y/N false
Status Active
Directions From I-4: Take Exit 32 (FL-98 / Lakeland) and head south on FL-98 (Memorial Blvd). Turn right onto W Alamo Dr and continue west. The property will be on the right at the corner of W Alamo Dr and Sandy Ln. From Polk Parkway: Take the S Florida Ave exit and head north on S Florida Ave. Turn left onto W Alamo Dr and continue west. The property will be on the left at the corner of W Alamo Dr and Sandy Ln. From Downtown Lakeland: Head south on S Florida Ave then turn left onto W Alamo Dr. Continue west; the property is located at the corner of W Alamo Dr and Sandy Ln. *Driveway entrance is on Alamo Dr.
High School George Jenkins High
City LAKELAND
Senior Community Y/N false
Number Of Units Total 2
MLS Area 33813 - Lakeland
Lot Size Units Square Feet
Lot Size Square Feet 10746
Carport Y/N false
Listing Terms Cash Conventional FHA VA Loan
Elementary School Southwest Elem
Property Attached Y/N true
Land Lease Y/N false
Tax Annual Amount 2931
Middle/Junior High School Southwest Middle School
Property Condition Completed
Ok to Lease 12 Months
Additional Parcels Y/N false
Lease Considered Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/L4958645
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot 1
Total Actual Rent 2380
Legal Description COMM NE COR NW1/4 OF NW1/4 RUN S 20 FT W 232.75 FT FOR POB RUN S 116.26 FT W 92.68 FT N 116.14 FT E 92.35 FT TO POB BEING PARCEL C LOT 1 OF UNRE ALAMO ESTS
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
DockY/N false
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Interior
Interior Amenities Living Room/Dining Room Combo Thermostat Walk-In Closet(s)
Flooring Ceramic Tile Luxury Vinyl
Furnished Y/N Unfurnished
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Inside
Total Bedrooms 4
Total Baths 4
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Exterior
Exterior Amenities Private Mailbox
Parking Features Driveway
Lot Features Corner Lot
Water Source Public
Lot Size Area 10746
Foundation Details Slab
Number of Buildings 1
Building Area Total 2223
Lot Size Acres 0.25
Road Surface Type Asphalt
Private Pool false
Waterfront Y/N false
Number of Separate Water Meters 2
Number of Separate Electric Meters 2
Number of Lots 1
Road Responsibility Public Maintained Road
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* Excluded Features
List By
Keller Williams Realty Smart

Broker

catcalvosa@kw.com

Email

Affordability Calculator

$2,245
Per Month
89%
11%
0%
Monthly Principal & Interest
$2,000
Monthly Property Taxes
$244
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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.
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Nearby
0 Elementary School
0 Middle School
George Jenkins High High School High School
Pricing History
DatePricePrice ChangeDescription
2/4/2026$324,900 Listed Price

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4602 SANDY LANE, Lakeland, FL, 33813 is a Multi-Family Home for sale at $324,900 with 2,055 sqft and a lot size of 0.25. 4602 SANDY LANE has 4 bedrooms, 4.0 baths, and was built in 1978. The property's zip code is 33813 which is in Lakeland, FL