Lakeland FL Multi Family for Sale

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Type:
Duplex
Sq.Ft.:
1,456
Status:
NEW LISTING
Beds:
n/a
Year built:
1982
Baths:
MLS#:
S5115583
Subdivision:
Magnolia Trails

ADDITIONAL INFORMATION

1105 & 1107 Old South Dr Current tenant pays $1550 monthly. In consideration of tenant, please do not disturb. Serious buyer can of course view occupied portion. Convenient to Polk Parkway. Living/Kitchen/Dining Area combined: 14x24. Bedrooms 12x09 and 10x10 This duplex comes with a stove, sink, and refrigerator. There is ample room in the dining area with a wonderful window to let in natural light in the dining area. The modern kitchen and tile floors with the addition of the windows open up the space and make it comforting and welcoming. The bathroom is in the hallway so guests do not have to enter the bedrooms. Give us a call today and ask about our move-in deal!! YOU GOT TO COME TO SEE IT TODAY. All information provided is not guaranteed and the agent should verify all information. Land, Site, and Tax Information.

Type:
Duplex
Sq.Ft.:
n/a
Status:
NEW LISTING
Beds:
n/a
Year built:
1940
Baths:
MLS#:
S5115597
Subdivision:
Golconda

ADDITIONAL INFORMATION

CORNER LOT BLOCK DUPLEX! TOP LOCATION! MINUTES FROM hospitals and top-rated schools and major roads. Roof 2021, both units have 2024 main electric panels. 2021 waterheaters, each unit has his own water meter, and electrical meters! HVAC unit B is brand new! Plumbing and electric were also taken care of. Both units were remodeled in 2021, with an upgraded floor in unit A installed November 2024. You will find 3 Bedrooms and 2 Bathrooms in unit A. This big unit offers a modern open floorplan with a open kitchen with georgious backsplash, granite countertops and stainless steel appliances, Dual sink vanities in main bathroom! Unit B offers 1 bed 1 bathroom apartment, also totally updated and offers a super functional layout. This property is perfect for those looking to rent out a room, or use one of the units as a "mother in-law" investors looking for a property in a great location to rent to others. Come see this prime location today by calling to schedule a private showing.

Type:
Duplex
Sq.Ft.:
1,608
Status:
NEW LISTING
Beds:
4
Year built:
1981
Baths:
2.00
MLS#:
O6257461
Subdivision:
Chestnut Hills

ADDITIONAL INFORMATION

Welcome to 2359 & 2361 Chestnut Hills Drive! A corner lot duplex with 2 units, each with two bedrooms and one bathroom. Unit features are central air, tile throughout, ceiling fans in every room, individual fenced in back yard, private parking for each unit, dishwashers and stackable washer/dryer in each. Located next to new development. With no HOA this property offers a fantastic investment property for any investor looking to expand their portfolio. Conveniently located south of i4 near the heart of Lakeland and a forty-five minute drive from Tampa or Orlando.

Type:
Duplex
Sq.Ft.:
1,680
Status:
NEW LISTING
Beds:
4
Year built:
1978
Baths:
2.00
MLS#:
L4948727
Subdivision:
Kight H O

ADDITIONAL INFORMATION

Duplex Walking Distance to Lake Hunter- This property offers a unique investment opportunity with two 2 units, each featuring: 2 Bedrooms and 1 Bathroom: NEWER ROOF! Each unit has space in kitchen for table, with refrigerator, range and dishwasher. Convenient Location: Situated in a quiet neighborhood, yet close to shopping, dining, and major highways, making commuting a breeze. Additional Features: Each unit includes central air conditioning, in-side laundry, and 4 space open-parking. Whether you’re looking to live in one unit and rent out the other, or rent both for a steady income stream, this duplex offers flexibility and potential. Don’t miss out on this fantastic opportunity!

Type:
Duplex
Sq.Ft.:
2,500
Status:
NEW LISTING
Beds:
6
Lot size:
1 Acres
Year built:
1960
Baths:
3.00
MLS#:
L4948748
Subdivision:
Not In Subdivision

ADDITIONAL INFORMATION

Welcome to this versatile rental property, offering both a spacious main home and a fully separate in-law suite—perfect for tenants seeking a flexible living arrangement with rental income potential. Situated on a generous 0.57-acre lot, this property provides ample space for privacy and outdoor enjoyment. The main home features 4 bedrooms and 2 bathroom, with tile flooring throughout for easy upkeep. It’s move-in ready with potential for future updates, offering an open floor plan and abundant natural light. The large backyard is perfect for outdoor activities, and there’s additional storage space at the rear of the property. The main kitchen includes shaker cabinets and plenty of countertop space for meal prep and cooking. The self-contained in-law suite is currently rented, providing a reliable income stream is a 2 bed 1 bath unit. It has its own kitchen, bathroom, and separate driveway access for enhanced privacy, with a fence separating it from the main home. This suite can remain rented or serve as an additional space for multi-generational living, offering privacy and independence. This property’s generous lot, quiet location, and convenient access to I-4 make it an ideal rental option for tenants seeking flexibility and potential income. Don’t miss this unique opportunity—contact me today to schedule a showing!

Type:
Triplex
Sq.Ft.:
n/a
Status:
NEW LISTING
Beds:
n/a
Year built:
1981
Baths:
MLS#:
O6256080
Subdivision:
Chestnut Woods Sub

ADDITIONAL INFORMATION

Fully Occupied Triplex. Concrete construction. Recently updated in 2023/2024. Separate water and electric meters. Professionally managed. Newer roof, updated AC, etc. Great income producing property in the heart of Lakeland. Close to major highways, Tampa, and shopping malls.

Type:
Fourplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1925
Baths:
MLS#:
L4948460
Subdivision:
Drane Park Or Hj Dranes 2nd Add Pb 1 Pg

ADDITIONAL INFORMATION

Quadplex fully rented.

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1979
Baths:
MLS#:
L4948459
Subdivision:
Sun Wood Village

ADDITIONAL INFORMATION

Duplex fully rented with long term tenants.

Type:
Fourplex
Sq.Ft.:
5,200
Status:
Active
Beds:
12
Lot size:
1 Acres
Year built:
2024
Baths:
8.00
MLS#:
L4947282

ADDITIONAL INFORMATION

Welcome to 1112, 1114, 1118 & 1120 Gay Rd. If you are ready to add to your Investment Portfolio, then look no further than these brand new, block construction duplexes! These 2024 built duplexes have 3 bedrooms and 2 full bathrooms with a total living area of 1,235 sq. ft. The kitchen has Quartz counter tops and a full kitchen appliance package. Entire unit has vinyl flooring, no carpet. Amble parking with 2 spots per unit. The expected rent for each unit is $1,900. Tenants pay their own electric and water. The units are on city water and septic. Call today!

Type:
Duplex
Sq.Ft.:
4,788
Status:
Active
Beds:
n/a
Year built:
1923
Baths:
MLS#:
O6241812
Subdivision:
Bowyers Sub

ADDITIONAL INFORMATION

This 3,763 square feet 10-bedroom 3 bathroom renovated home (new flooring, new water heaters, new electrical breakers, new bathroom cabinets, new doors, new paint, etc.) has 4,768 square feet under roof and is ideal for an investor or a home owner. It is a duplex with two separate addresses, two mailboxes, separate parking for both units, and is in a quiet neighborhood with no HOA. The home has a good rental income. Please do not disturb the tenants. Showing can be arranged. As an investor, you can earn $55,796 in gross annual rental income. The 518 N Ohio Ave. unit has 6 bedrooms and 2 bathrooms, has high ceilings and an open floor plan. The first floor has a large kitchen, extra-large living room, dining room, 2 large bedrooms, 1 bathroom, 2 open porches, and plenty of closets. The second floor has three large and one medium bedroom with 1-bathroom, large walk-in closet and attic for storage. This unit is ideal for an owner to live in and rent the other unit to pay off the mortgage. The 704 W Magnolia St. unit has a separate entrance and separate parking and mailbox and has 4 bedrooms, one bathroom, kitchen, living room, hallway, and porch.

Type:
Fourplex
Sq.Ft.:
3,139
Status:
Active
Beds:
n/a
Year built:
1926
Baths:
MLS#:
B4901715
Subdivision:
Parkhill Add

ADDITIONAL INFORMATION

Welcome to 724, 726, 728/730 Park Hill - your gateway to historical charm and modern comfort! Nestled in the heart of the historical district, this property boasts three separate buildings with a total of four distinct units, each offering its own unique allure. Let's begin with 724 Park Hill, where two spacious bedrooms await, complemented by a refreshing bath. Step onto the screened porch and savor the tranquility of the surrounding landscape. And with a generous yard, there's ample space for outdoor enjoyment. Next door at 726 Park Hill, discover another gem featuring two inviting bedrooms and a well-appointed bath complete with a separate shower and shower/tub combination. Then, journey to 728/730 Park Hill, where a single-family home has been thoughtfully divided into two separate 1-bedroom, 1-bath apartments. Whether you're seeking privacy or convenience, these units offer a cozy retreat to call your own. All units provide easy alley access, ensuring hassle-free parking and entry. Immerse yourself in the beauty of the lush tree-lined streets, just a leisurely stroll away from the serene shores of Lake Morton. And with downtown shopping, dining, parks, and bike trails within walking distance, every convenience is at your fingertips. Don't miss this opportunity to experience the historic charm at 724, 726, 728/730 Park Hill. Schedule your viewing today and make your dream of refined living a reality!

Type:
Duplex
Sq.Ft.:
1,526
Status:
Active
Beds:
n/a
Year built:
1900
Baths:
MLS#:
P4931890
Subdivision:
Lake Parker Terrace Sub

ADDITIONAL INFORMATION

One or more photo(s) has been virtually staged. Welcome to this inviting duplex located in a fantastic area, just minutes from Lakeland and convenient shopping options. This home features high ceilings and an open-concept design that creates a spacious, airy feel throughout. Perfect for both relaxation and entertaining, each unit offers comfortable living spaces filled with natural light. The layout is designed for modern living, making it easy to enjoy everyday life. Whether you’re an investor looking for a rental opportunity or a homeowner seeking a multi-generational living space, this duplex is a must-see. Don’t miss your chance to own this property in a great location—schedule a showing today!

Type:
Fourplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1962
Baths:
MLS#:
U8250359
Subdivision:
Acreage

ADDITIONAL INFORMATION

CASH COW HERE! This incredible FULLY OCCUPIED INCOME PRODUCING PROPERTY is a must-see! With a fantastic 9.98% CAP RATE and 14.15% CASH ON CASH RETURN, this asset offers a reliable source of PASSIVE INCOME for savvy investors. OFFERING MEMORANDUM AVAILABLE VIA EMAIL. FINANCING PACKAGE AVAILABLE for the new buyer. The property consists of a wonderful 3-bedroom SINGLE FAMILY HOME and an attached 3-unit TRIPLEX, providing an excellent potential for substantial revenue. The entire property has undergone a COMPLETE RENOVATION and boasts NEW KITCHENS AND BATHROOMS, a NEW ROOF and NEW SEPTIC TANK, providing ultimate peace of mind for the owner. The ample parking space available on the property is another great feature, making it easy for tenants and guests to have a convenient parking experience. If you're in search of a TURN-KEY investment opportunity, look no further than this exceptional property. Schedule a viewing today and take the first step towards making a wise investment choice!

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1925
Baths:
MLS#:
L4946108
Subdivision:
Dixieland Rev

ADDITIONAL INFORMATION

This updated duplex is ready for its next buyer to begin their real estate portfolio. This duplex includes two renovated and immaculate living spaces: one side is a 2 bedroom, 1 bathroom and the other side is a 1 bedroom, 1 bathroom home with a current established renter. This makes this property income producing on day 1. Both sides of the duplex have their own indoor laundry rooms with brand new washers and dryers that are staying with the property, stainless steel appliances, updated cabinets and tile backsplash in the kitchens, and fully renovated bathrooms. This property is truly move-in-ready. Have an investment property while you live on the 2 bedroom 1 bathroom side as your primary residence, or purchase the home as an investment and rent both sides. This home has all new windows (2024), updated electric (2024), and also an updated metal roof (2023). The house carries a current termite bond which is transferable to the new owners. Call today for a showing.

Type:
Fourplex
Sq.Ft.:
3,720
Status:
Active
Beds:
8
Year built:
1925
Baths:
4.00
MLS#:
A4615822
Subdivision:
Winfree Sub

ADDITIONAL INFORMATION

PRICE REDUCED: Rare Lake Morton investment opportunity! If you're looking to add to your investment portfolio or perhaps become a first-time investor, this established Quadplex is the perfect opportunity to own a piece of Lakeland’s history. Built in 1925, this 4 plex features 2 bedrooms and 1 bath units and approximately 930 sq/ft. Packed with charm and nostalgia, the units have original hardwood flooring, solid wood doors, french doors, and large windows that let in tons of natural light, washers and dryers in each unit, and some units have a sunroom and a skylight! Lovingly owned by the same owners for 50 years, it is time to turn the page to the next chapter and allow the next owners to create their own vision with this timeless gem. Nestled in the Lake Morton Historic District, just steps from Florida Southern College, Library, Museum, quaint restaurants, beautiful Lake Morton, and all that downtown Lakeland bringsThis property could even the next area’s Airbnb or upscale professional housing, the possibilities are endless. Properties in this desirable area rarely come on the market, so don’t delay…contact us today for more details and a private showing.

Type:
Duplex
Sq.Ft.:
1,870
Status:
Active
Beds:
3
Year built:
1950
Baths:
2.00
MLS#:
O6215447
Subdivision:
Biltmore Park Sub

ADDITIONAL INFORMATION

This nice duplex is located in the highly desirable Biltmore District located in the heart of the beautiful city of Lakeland. One unit is a 2 bedroom/1 bath, and the other unit is a 1 bedroom/1 bath. Both have a carport; one is attached and the other detached with a communal laundry room. Both units are occupied. Excellent location just blocks away from nice eateries, restaurants, schools, and Harrison Fine Arts. Close proximity to Lake Hollingsworth, downtown, parks, shopping and medical centers. This is a splendid opportunity to own an investment property with immediate cash flow with current leases on both units. Call today for a showing!!

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
2 Acres
Year built:
1973
Baths:
MLS#:
O6203342
Subdivision:
Haskell

ADDITIONAL INFORMATION

TREMENDOUS INCOME OPPORTUNITY! Located in one of the fastest growing areas of South Lakeland, this is multifamily development, consisting of 6 park owned mobile homes, and 7 single family (small) homes. The six mobile homes are part of the Florida Mobile Home Registry under Pa-pa Bears Mobile Home park. The other 7 homes are part of the same parcel - each have a separate mailing address. Current annual income of $131,580, with upside to grow to another 10% quickly. Lakeland and Polk County are among the fastest growing places in the U.S., as the City sits in the middle of Tampa and Orlando on the I-4 corridor. In the immediate area, new apartment developments have been built, and several shopping areas, including Publix, across the street. There are primary, middle and high schools very close by, and the main thoroughfare, US 98 stretches from the north side of Lakeland to the south side. The annual rental income is $131,560, and all expenses are detailed and accounted for, giving us a current cap rate of 8.26%

Type:
Duplex
Sq.Ft.:
5,227
Status:
Active
Beds:
2
Year built:
1978
Baths:
2.00
MLS#:
T3509184

ADDITIONAL INFORMATION

Seize this fantastic opportunity with a high-potential duplex, already generating income. Situated in a thriving market with rising property values and strong rental demand, this property is a smart addition to your portfolio. With reliable tenants in place, you can start earning immediately. The freedom of no HOA restrictions gives you more control over your investment. Located near major highways, shopping, and dining, this duplex is ideally positioned to attract long-term tenants. A bit of cosmetic work can significantly increase its value and appeal, maximizing your return on investment. The Lakeland area is experiencing a surge in growth and development, making this the perfect time to invest.

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
12
Year built:
1926
Baths:
12.00
MLS#:
L4935516
Subdivision:
Winfree Sub

ADDITIONAL INFORMATION

Welcome to your new multifamily apartment investment opportunity in the Lake Morton Historic District! This stunning 12 unit apartment building has been completely remodeled in the North Building and partially remodeled in the South Building. As a contributing building in the historic district, the Mediterranean Revival architecture is sure to impress. You'll love the classic charm and character of the building, which has been carefully restored to maintain its historic integrity. Inside, each unit has been fully renovated to provide modern conveniences and comfortable living. From the brand new appliances to the updated fixtures, you'll love the attention to detail throughout. The building also features an on-site laundry facility, making it easy and convenient for tenants to keep their wardrobe fresh and clean. And with a spacious courtyard, tenants will have plenty of room to enjoy the beautiful Florida weather and relax in a peaceful outdoor setting. This is a rare investment opportunity to own a beautifully restored historic building in the heart of Lakeland. Don't miss out on the chance to add this wonderful multifamily apartment to your investment portfolio!

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Andrea Conner, License #BK3437731, Xome Inc., License #1043756, [email protected], 844-400-9663, 750 State Hwy 121 Bypass, Suite 100, Lewisville, TX 75067

All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Copyright 2024, My Florida Regional MLS DBA Stellar MLS.



Lakeland Real Estate

The median home value in Lakeland, FL is $312,990. This is higher than the county median home value of $312,500. The national median home value is $338,100. The average price of homes sold in Lakeland, FL is $312,990. Approximately 45.95% of Lakeland homes are owned, compared to 38.11% rented, while 15.93% are vacant. Lakeland real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Lakeland real estate agent to arrange a tour today!

Lakeland, Florida has a population of 110,401. Lakeland is less family-centric than the surrounding county with 25.3% of the households containing married families with children. The county average for households married with children is 26.62%.

The median household income in Lakeland, Florida is $52,972. The median household income for the surrounding county is $55,099 compared to the national median of $69,021. The median age of people living in Lakeland is 40.9 years.

Lakeland Weather

The average high temperature in July is 92.2 degrees, with an average low temperature in January of 50 degrees. The average rainfall is approximately 53 inches per year, with 0 inches of snow per year.

Lakeland Real Estate Market Conditions

  • Median sales price

    $312,990
    25.4% change since last quarter
  • # Active listings

    1,213
    30-day change

Lakeland Schools and Demographics

Education near Lakeland, FL

Metric City County
High School Graduates 89.84 86.36
College Degree - 2 year 9.7 9.74
College Degree - 4 year 26.85 21.01
Graduate Degree 6.41 5.22
Expenditures per Student 10,984 10,984
Students per Teacher 17.8 17.8

Elementary Schools near Lakeland, FL

School Grades Students P/T Ratio ZIP
Achievement Academy PK - PK 157 6.5 33805
Carlton Palmore Elementary School PK - 05 528 14.7 33803
Cleveland Court Elementary School KG - 05 384 15.4 33803
Combee Elementary School PK - 05 712 14.2 33801
Crystal Lake Elementary School PK - 05 600 14.3 33801
Dixieland Elementary School PK - 05 460 14.4 33803
Dr. NE Roberts Elementary School PK - 05 661 14.1 33810
Edgar L. Padgett Elementary PK - 05 547 16.6 33809
Griffin Elementary School PK - 05 476 16.4 33810
Highland City Elementary School PK - 05 428 13.8 33846
Highlands Grove Elementary School PK - 05 731 16.6 33813
James W. Sikes Elementary School PK - 05 873 15.1 33811
Jesse Keen Elementary School PK - 05 644 13.7 33815
Kathleen Elementary School PK - 05 555 17.3 33810
Lakeland Montessori School House PK - 06 74 9.3 33805
Lincoln Avenue Academy KG - 05 584 15 33805
Magnolia Montessori Academy KG - 06 92 15.3 33803
McKeel Elementary Academy KG - 06 570 16.8 33801
Medulla Elementary School PK - 05 635 15.9 33813
North Lakeland Elementary School of Choice PK - 05 750 15.6 33805
Oscar J. Pope Elementary School PK - 05 487 11.3 33801
Philip O'Brien Elementary School PK - 05 583 13.6 33801
R. Bruce Wagner Elementary School PK - 05 817 14.1 33811
R. Clem Churchwell Elementary School PK - 05 627 16.1 33810
Rochelle School of the Arts PK - 08 824 15.3 33805
Rosabelle W. Blake Academy PK - 08 729 14.9 33815
Scott Lake Elementary School PK - 05 771 14.8 33813
Sleepy Hill Elementary School PK - 05 675 15 33810
Socrum Elementary School PK - 05 628 16.1 33810
South McKeel Academy PK - 08 1,167 16.7 33803
Southwest Elementary School PK - 05 479 14.1 33803
Valleyview Elementary School PK - 05 726 16.1 33813
Wendell Watson Elementary School PK - 05 741 15.8 33809
Winston Academy of Engineering PK - 05 448 13.2 33810

Middle Schools near Lakeland, FL

School Grades Students P/T Ratio ZIP
Crystal Lake Middle School 06 - 08 942 15.4 33801
Kathleen Middle School 06 - 08 764 18.2 33810
Lake Gibson Middle School 06 - 08 1,130 16.6 33809
Lakeland Highlands Middle School 06 - 08 1,217 18.4 33813
Lakeland Montessori Middle School 06 - 08 61 15.3 33801
Lawton Chiles Middle Academy 06 - 08 660 17.4 33801
Sleepy Hill Middle School 06 - 08 816 16.3 33810
Southwest Middle School 06 - 08 852 16.4 33803

High Schools near Lakeland, FL

School Grades Students P/T Ratio ZIP
George W. Jenkins Senior High 09 - 12 2,319 20 33813
Kathleen Senior High School 09 - 12 2,124 19.9 33815
Lake Gibson Senior High School 09 - 12 1,834 19.9 33809
Lakeland Senior High School 09 - 12 2,139 18.3 33801
Polk State Lakeland Gateway To College Charter High School 11 - 12 121 60.5 33803
Tenoroc High School 09 - 12 1,170 16.3 33801

Ungraded Schools near Lakeland, FL

School Grades Students P/T Ratio ZIP
* Maynard A. Traviss Career Center 08 - 12 243 4 33803
Bill Duncan Opportunity Center 06 - 12 169 12.1 33803
Doris A. Sanders Learning Center PK - 12 88 5.2 33801
ESE Countywide KG - 12 81 8.1 33801
McKeel Academy of Technology 06 - 12 1,166 16.2 33815
Pace Center for Girls 06 - 12 45 7.5 33815
Polk Full Time Eschool KG - 12 104 33801
Polk Virtual Franchise 06 - 12 0 33801
Polk Virtual Instruction (Course Offerings) PK - 12 0 33801
Polk Virtual Instruction Program KG - 12 43 131 33801
West Area Adult/Community School AE - AE 0 33815

Demographics near Lakeland, FL

Metric City County
Neighborhood Type Suburban
Population 110,401 713,148
Population Density 1,669 397
Median Age 40.9 40.1
People per Household 2.5 2.8
Median Household Income 52,972 55,099
Average Income per Capita 30,741 27,909