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Looking to invest in Lakeland Multifamily? Here are all of the Lakeland Investment Properties available currently. 

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Lakeland Income Properties

1533 E Elm Road, Lakeland
$299,900
5 Beds ⋅ 3 Baths ⋅ Shore Acres SubDv. ⋅ 33801 Zip Code
LOCATION! CHARACTER! SPACE! 4/2+ Vintage Single Family (1,444sf 1st floor & 513sf 2nd floor) with a 1/1 Guest House (513sf) that’s within walking distance to Downtown Lakeland, a park with playground & both Lake Bonney and Lake Parker. This home offers rental options such as owner-occupied with income, two different tenants, or a very rare single family with guest house multigenerational rental. The main home has a charming covered front porch, large windows, and hardwood floors in the living room, dining room and first floor bedrooms. The kitchen has an original built in for storage and has been partially updated including LVP flooring and updated appliances. The Primary En Suite is located to the rear of the home and features a primary bath with Freestanding Soaking Tub. Bathroom 2 is located off the living room in the hall between Bedrooms 2 and 3. Laundry hookups are located in the mudroom. The mudroom has the side entrance to the home and makes bringing in groceries easy as its next to the kitchen. There is a finished 2nd Floor, the perfect Flex Space for a large 4th bedroom, home office, media room, crafting space or home gym. The 2nd floor has had new LVP and windows installed along with new carpet on the stairs. The Guest House has a spacious functional layout with vaulted ceiling, bathroom with with walk in shower, kitchenette with 220 hookup for range and and new siding and roof. Over the last 3 years the Sellers have been restoring this home but relocation provides a new owner with the opportunity to finish the interior to their own taste & style and to build equity. Recent improvements include new roofs on both buildings in 2024, Termite Tenting and a transferable Termite Bond. Extensive repairs include: Exterior Wood Siding, Floor Leveling, Floor Joists, & Pillar supports. Repairs to the first floor hardwood floors. Professional Exterior and Interior Paint Replaced front porch decking. Window replacement in the primary bath. The home has zoned heating and cooling with a combination of mini-splits and window ACs. The chimney has been capped and the fireplace converted to electric use. The home is currently livable but ready for your updates on your own schedule. Sold AS-IS. All dimensions are estimated and to be be verified by the Buyer.

1533 E Elm Road, Lakeland

118 S Waterloo Avenue, Lakeland
$535,000
Nichols & Waring Or Ozone Park SubDv. ⋅ 33801 Zip Code
RARE OPPORTUNITY IN THE HEART OF DOWNTOWN LAKELAND! Historic charm meets investment potential in this distinctive 1917 duplex offering approximately 2,412 square feet PER PUBLIC RECORS, multi-family zoning, and NO HOA! Whether you're looking to expand your investment portfolio or live in one unit while renting out the other, this property offers exceptional versatility in a sought-after downtown location. Built with cedar wood framing, this charming property features two separate living units. The first-floor unit offers 2 bedrooms, 1 bathroom, beautiful real wood flooring, a kitchen with granite countertops, and a flexible bonus space with a washer and dryer, ideal for a family room, home office, or hobby area. The second-floor unit features 1 bedroom, 1 bathroom, and an additional multipurpose room, offering flexibility to suit a variety of needs. The upstairs unit also has its own gas and electric meters. Step outside and discover one of this property's standout features: a spacious covered deck designed for outdoor living and entertaining! The outdoor kitchen features a farmhouse-style sink, cabinetry, a built-in grill, and a wine cooler, with the grill and wine cooler INCLUDED IN THE SALE! Whether hosting weekend gatherings or simply enjoying a quiet Florida evening, this inviting outdoor space is sure to impress. The front yard showcases distinctive landscaping with decorative stone and a variety of succulents, creating beautiful curb appeal with minimal lawn maintenance. Additional highlights include a NEW ROOF installed in April 2025 and a first-floor water heater approximately 6 years old. And let's talk about LOCATION! Just a short walk from scenic Lake Mirror, the beautiful 1.2-acre Hollis Garden, The Joinery artisan food hall, and Downtown Lakeland's vibrant selection of restaurants, shops, and entertainment. Enjoy the convenience of having some of the city's most popular destinations right outside your door! BOTH UNITS WILL BE DELIVERED VACANT AT CLOSING, allowing the next owner the flexibility to move in, lease the units, or explore other permitted uses. With NO HOA, historic character, and an unbeatable downtown location, this is a unique opportunity you won't want to miss! Schedule your private showing today. Buyer and buyer's agent to verify square footage, measurements, zoning, and intended uses.

118 S Waterloo Avenue, Lakeland

822 & 830 Shirley Ann Trail, Lakeland
$673,500
8 Beds ⋅ 8 Baths ⋅ Lake Gibson Villas SubDv. ⋅ 33809 Zip Code
EXCELLENT INVESTMENT OPPORTUNITY IN GROWING NORTH LAKELAND! Don't miss this opportunity to acquire TWO well-maintained, income-producing concrete block duplexes at 822/824 and 830/832 Shirley Ann Trail, Lakeland, FL 33809! Together, these properties offer FOUR spacious 2-bedroom, 2-bathroom rental units, all currently occupied, generating $5,245 in monthly rental income and $62,940 in annual gross rental income! At a combined asking price of $699,800, this represents an attractive 9.0% GROSS ANNUAL RENTAL YIELD based on current rents, before operating expenses! Current monthly rents are $1,400, $1,400, $1,295, and $1,150, offering investors established income from day one. The duplex at 822/824 features a newer 2025 architectural shingle roof, fresh interior and exterior paint, and durable tile flooring throughout. The adjoining duplex at 830/832 will have a NEW ROOF installed prior to closing, providing additional value and peace of mind! Conveniently located in desirable North Lakeland, just minutes from I-4 with easy access to Tampa and Orlando, these properties are also close to US Highway 98 North, Walmart, shopping, restaurants, public transportation, and major employment centers. Lakeland continues to attract residents and businesses thanks to its strategic Central Florida location, expanding employment opportunities, and ongoing economic development, making it an attractive market for real estate investors. With established rental income, a history of long-term tenant renewals, and significant recent improvements, this is an excellent opportunity to expand your investment portfolio! IMPORTANT: BOTH DUPLEXES ARE BEING SOLD TOGETHER AS A FOUR-UNIT INVESTMENT PACKAGE. SELLER WILL NOT SELL THE PROPERTIES INDIVIDUALLY. Whether you're an experienced investor looking to expand your portfolio or seeking your next income-producing property, this opportunity deserves your attention! CALL TODAY for additional information, rental details, and an opportunity to make these FOUR income-producing units yours!

822 & 830 Shirley Ann Trail, Lakeland

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