Lakeland FL Multi-Family Real Estate, Homes for Sale

101 Lake Hunter Drive Unit 15 & 16, Lakeland

4 Beds ⋅ 2 Baths ⋅ Lake Hunter Villas SubDv. ⋅ 33803 Zip Code

Income Producing Duplex in the Heart of Lakeland Whether you’re an investor adding to your portfolio or a first time buyer ready to live on one side and rent the other, this move-in-ready duplex checks every box. Located just minutes from vibrant downtown Lakeland, the property offers 4 bedrooms and 2 bathrooms in total, with 2 bedrooms and 1 bathroom on each side. The heavy lifting is already done, with a new roof (2022), newer flooring, and fresh paint throughout. Both units come fully equipped and each has 2 assigned parking spaces. Lakeland’s continued growth and proximity to major employment corridors make this a smart long-term hold, with strong rental demand in one of Central Florida’s fastest-growing markets. Properties like this are hard to find at this price point. Don’t let this one slip away. Schedule your showing today! (More pictures coming soon)

101 Lake Hunter Drive Unit 15 & 16, Lakeland

$369,900

7 Beds ⋅ 6 Baths ⋅ Edgewood Park Sub SubDv. ⋅ 33815 Zip Code

FANTASTIC INCOME PRODUCING OPPORTUNITY!!! This Property has 3 mobile homes sitting on 1.58 acres with a pond in the back. 1st Mobile home is a 3/2 with 1152sq ft with an inground pool built in 1970. 2nd Mobile Home is a 2/2 with 720 sq ft built in 1973. 3rd Mobile Home is a 2/2 with 980 sq ft built 1991. Also, possibility to parcel property to add another home for income. This property is located conveniently in Lakeland with easy access to shopping, dining, and major roadways. All homes need TLC and then will be ready for new renters. Awesome opportunity to begin your investment portfolio! ***Cash Only***

840 & 846 Nashville 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

$625,000

6 Beds ⋅ 6 Baths ⋅ Crystal Grove SubDv. ⋅ 33801 Zip Code

Under contract-accepting backup offers. **Fantastic Multifamily Investment Opportunity in Lakeland!** Discover the potential at 1887 Crystal Grove Drive, a three-unit multifamily property located in the established Crystal Grove neighborhood of Lakeland. Featuring four individual 2-bedroom, 2-bathroom units, this property offers an attractive opportunity for investors looking to expand their rental portfolio or explore long-term income potential. The property offers approximately 3,896 square feet of building area, with a practical unit configuration designed to appeal to a variety of renters. Convenient features include central air conditioning, city water, and public sewer. Whether you are an experienced investor or looking for your next multifamily acquisition, this property presents an opportunity to own an income-producing asset in a growing Central Florida market. Enjoy convenient access to Lakeland's shopping, dining, and recreational destinations. Nearby attractions include **Lake Mirror and its scenic waterfront promenade, Hollis Garden, Lake Morton, and Munn Park in downtown Lakeland**. For outdoor enthusiasts, Bonnet Springs Park offers walking trails, gardens, playgrounds, and open green spaces. The area also provides access to local restaurants, entertainment, and everyday conveniences. Conveniently located in Lakeland, between Tampa and Orlando, this multifamily property offers the potential to benefit from the area's established rental market and Central Florida location. **Four units, eight bedrooms in total, and an opportunity to build your investment portfolio—bring your vision and explore the possibilities at Crystal Grove!**

1887 Crystal Grove Drive, 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

$320,000

4 Beds ⋅ 2 Baths ⋅ Sunset Terrace Sub 7 Pg45 SubDv. ⋅ 33815 Zip Code

NEW ROOF, NEW EXTERIOR PAINT, TWO NEW CENTRAL AIR CONDITIONING SYSTEMS AND NEWLY REMODELED INTERIORS MAKES THIS A GOOD ADDITION TO ONE PORTFOLIO OR LIVE IN ONE SIDE AND RENT OUT THE OTHER. AS A TURNKEY INVESTMENT, YOU CAN CASH FLOW IMMEDIATELY. THE 1334 UNIT WAS RECENTLY RENOVATED WITH NEW CABINETS. EACH UNIT HAS A DEDICATED LAUNDRY AREA JUST OFF THE KITCHEN. THE BEDROOMS ARE LARGE. THE NEW ROOF IS A TAMCO TITAN SHINGLES RATED AT 160 MPH. RENTS RANGE FROM $ 1000 TO $ 1200 PER MONTH. ALL INTERESTED PARTIES SHOULD NOTE THAT THE LISTING BROKER HAS A SIGNIFICANT FINANCIAL INTEREST IN THIS PROPERTY.

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

$289,900

4 Beds ⋅ 2 Baths ⋅ Chestnut Woods Sub SubDv. ⋅ 33815 Zip Code

Great investment opportunity in Lakeland! This duplex features two separate units, each offering 2 bedrooms and 1 full bathroom. Both units are included in the sale, providing an opportunity for rental income or owner occupancy. Conveniently located in Lakeland, with easy access to local shopping, dining, and major roadways. Contact your real estate professional for additional information and showing availability.

2461 Chestnut Woods Drive, Lakeland

$505,000

6 Beds ⋅ 4 Baths ⋅ Lake Beulah Heights Div 02 SubDv. ⋅ 33815 Zip Code

8.3% CAP RATE IN PLACE, 9.3% ON PRO FORMA: FOUR UPDATED UNITS. This turnkey fourplex delivers day one cash flow with rent upside already built into the numbers. Two separate duplexes sit on a combined 0.40-acre lot (including 3 parcels). Building one is a 1947 duplex with 1,120 sq ft, and building two is a 1954 duplex with 1,280 sq ft. All four units have been updated, so the heavy lifting is done. Current operations produce an 8.3% cap rate, and bringing rents to market per the pro forma pushes returns to a 9.3% cap rate. Add value through rent increases and efficient management, not capital projects. Four doors, two buildings, one lot, and a clear path to higher NOI. Request the rent roll and financials today.

1125 Olive Street, Lakeland

$329,000

Sevilla On Lake SubDv. ⋅ 33801 Zip Code

Under contract-accepting backup offers. Investment opportunity in the heart of Lakeland! Welcome to 733–735 Longfellow Blvd, a versatile duplex offering multiple possibilities for an investor, house hacker, or owner looking to offset their housing costs with rental income. With two separate living spaces each furnished with 2 bedrooms, one bathroom, this property offers flexibility for both short- and longer-term rental strategies. One side is currently operating as an Airbnb with a current average monthly income of $2,200-$2,700, while the second unit is occupied by a month-to-month tenant currently paying $2,100 monthly who would like to stay. Enjoy the benefit of an existing income stream with room to customize your investment strategy moving forward. Inside, both units have comfortable living areas, functional kitchens, private bedrooms and plenty of natural light, colorful accent walls, dedicated dining areas and individually styled living spaces. Each side has access to outdoor living space, including screened rear porches overlooking the backyard. Additional features include central air, 0.19 acres, and no HOA, and just steps from Southeastern University! Conveniently located in Lakeland, this is a compelling opportunity for anyone looking for a property that can provide income from day one while still offering flexibility for future use. Live in one side and rent the other, continue operating the property as an investment, or build your own rental strategy around two separate units. Two units. Multiple income possibilities. One smart Lakeland investment.

733-735 Longfellow Boulevard, Lakeland

$550,000

8 Beds ⋅ 4 Baths ⋅ Plateau Beautiful SubDv. ⋅ 33815 Zip Code

ATTENTION INVESTORS OR FIRST TIME BUYERS - Four turn-key rental units across two duplex buildings on one parcel, with zero deferred maintenance, brand-new roofs and new driveways. Each unit features 2 bedrooms, 1 bathroom and updated interiors. Live in a vacant unit and collect rent from the occupied units, or rent them all. With rental income already in place and vacant units ready to lease, it’s a straightforward way to start investing or add to your portfolio. 2006 W Hickory St: 2 bedrooms / 1 bathroom. Fully renovated interior. Shaker cabinets and quartz countertops. Retiled shower. New flooring and paint. Mini-split AC. Laundry hookups. Scheduled rent - $1,500/month. 2008 W Hickory St: 2 bedrooms / 1 bathroom. Updated interior. Window-unit AC. Laundry hookups. Currently vacant. 601 Plateau Ave: 2 bedrooms / 1 bathroom. Updated interior. Hurricane windows. Window-unit AC. Laundry hookups. Currently vacant. 603 Plateau Ave: 2 bedrooms / 1 bathroom. Large bedrooms. Fully renovated interior. Quartz countertops. Retiled shower and tile flooring. Hurricane windows. Mini-split AC. Laundry hookups. Scheduled rent - $1,400/month. Washer and dryer machines are excluded. All three available parcels are adjacent. Purchase individually, mix and match any two, or buy the complete 8-unit portfolio. The neighboring parcels each contain a duplex.

2006 W Hickory Street, Lakeland

$347,000

4 Beds ⋅ 2 Baths ⋅ Plateau Beautiful SubDv. ⋅ 33815 Zip Code

ATTENTION INVESTORS OR FIRST TIME BUYERS - Fully renovated, turn-key duplex with zero deferred maintenance, a brand-new roof and new driveways. Both units feature 2 bedrooms, 1 bathroom and concrete-block construction, with extensive interior and system upgrades. Live in the vacant unit and collect rent from the occupied unit, or rent both. With rental income already in place and a vacant unit ready to lease, it’s a straightforward way to start investing or add to your portfolio. 617 Plateau Ave: 2 bedrooms / 1 bathroom. Full electrical rewire. Full plumbing repipe. New drywall. Granite countertops and shaker cabinets. Tiled shower and tile flooring. Hurricane windows. Mini-split AC. Laundry hookups. Scheduled rent - $1,375/month. 619 Plateau Ave: 2 bedrooms / 1 bathroom. Full electrical rewire. Full plumbing repipe. New drywall. Granite countertops and shaker cabinets. Tiled shower and tile flooring. Hurricane windows. Mini-split AC. Laundry hookups. Currently vacant. All three available parcels are adjacent. Purchase individually, mix and match any two, or buy the complete 8-unit portfolio. The neighboring parcels include another duplex and four units across two duplex buildings.

617 Plateau Avenue, Lakeland

$297,000

4 Beds ⋅ 2 Baths ⋅ Plateau Beautiful SubDv. ⋅ 33815 Zip Code

ATTENTION INVESTORS OR FIRST TIME BUYERS - Turn-key duplex with zero deferred maintenance, a brand-new roof and new driveways. Both units feature 2 bedrooms, 1 bathroom, updated interiors and concrete-block construction. Live in the vacant unit and collect rent from the occupied unit, or rent both. With rental income already in place and a vacant unit ready to lease, it’s a straightforward way to start investing or add to your portfolio. 613 Plateau Ave: 2 bedrooms / 1 bathroom. Granite countertops and shaker cabinets. Tiled shower. Mini-split AC. Laundry hookups. Refrigerator and range included. Scheduled rent - $1,295/month. 615 Plateau Ave: 2 bedrooms / 1 bathroom. Granite countertops and shaker cabinets. Tiled shower. Mini-split AC. Laundry hookups. Refrigerator and range included. Currently vacant. All three available parcels are adjacent. Purchase individually, mix and match any two, or buy the complete 8-unit portfolio. The neighboring parcels include another duplex and four units across two duplex buildings.

613 Plateau Avenue, Lakeland

$499,000

Mortons Add SubDv. ⋅ 33801 Zip Code

Fully leased four-unit investment opportunity near Downtown Lakeland! Located at 902-904 E Lime Street, this income-producing property features four residential units, each offering 1 bedroom, 1 bathroom, a kitchen, and living area. Two units are located within the main residence, with two additional units situated in the detached rear building, creating a unique multifamily configuration with separation between the structures. All four units are currently leased and generate approximately $4,450 per month in gross rental income. The owner currently pays utilities, averaging approximately $634 per month, providing prospective investors with established income and operating history from day one. The property has also demonstrated a strong history of occupancy; prior marketing materials report that it maintained full occupancy for more than a decade. Situated in the Downtown Lakeland area, the property offers convenient access to shopping, dining, employment centers, major roadways, and the amenities of Lakeland’s urban core. With 100% current occupancy, $53,400 in annual gross rental income based on current rents, and four self-contained living units, this is an opportunity to acquire an established multifamily property in a central Lakeland location. Please do not disturb tenants. Showings by appointment only. Buyer to verify all measurements, unit information, leases, income, expenses, zoning, and property details.

902 E Lime Street, Lakeland

$264,990

4 Beds ⋅ 2 Baths ⋅ 33810 Zip Code

Under contract-accepting backup offers. Investment opportunity in Lakeland! This duplex features two separate 2-bedroom, 1-bath units being sold together as one property. Unit 3617 currently rents for $1,100 month and Unit 3619 currently rents for $1,200 month, providing a combined current rental income of $2,300 month. The property also features a ROOF REPLACED in 2025. Conveniently located with access to shopping, dining, and major roadways, this property offers an opportunity to add an income-producing duplex to your rental portfolio. CURRENT LEASES END IN FEB 2027 AND JUNE 2027 .Schedule your showing today!

3617 Frontage Road North, Lakeland

$470,000

Sevilla On Lake SubDv. ⋅ 33801 Zip Code

Amazing investment opportunity within minutes of Southeastern University. You must see this 6 bedroom, 3 bathroom waterfront Duplex overlooking Lake Bonny. Both units have recently been remodeled. One unit is 4 bedroom, 2 bathroom and the other unit is 2 bedroom, 1 bathroom. The property boasts tile floors, granite countertops, a large storage shed, a new roof in 2022, new septic and drainfield in 2022, and a new AC in 2025. The duplex sits on a large lot with a shady back yard and beautiful water views. Don't miss out on this opportunity.

2035 Shakespeare Street, Lakeland

735 & 737 Zella Lane Unit 735/737, Lakeland

$369,900

5 Beds ⋅ 4 Baths ⋅ Seven Acres Sub SubDv. ⋅ 33813 Zip Code

PRICE IMPROVEMENT! ~Incredible Opportunity! Well-Maintained South Lakeland Duplex Offered for Sale~ Live in one side and rent out the other, or rent out both sides! The first unit is a 3-bedroom, 1.5 bath and the second unit is a 2-bedroom, 1.5 bath. Both units feature beautiful landscaping, spacious rooms, inside utility closets with washer/dryer hook-ups, screened patios and backyard areas. The larger unit has been updated. Per the sellers, the roof is about 2 years old, the windows were updated/replaced within the last five years, and the septic system was replaced last year. The location of this property makes it an extremely viable rental property, as it is convenient to public transportation, Florida Avenue, Harden Blvd, Polk Parkway, shopping, dining, medical and educational facilities. This is a rare opportunity due to its condition, location and income producing abilities.

735 & 737 Zella Lane Unit 735/737, Lakeland

$400,000

4 Beds ⋅ 4 Baths ⋅ Crystal Grove SubDv. ⋅ 33801 Zip Code

**Fantastic Investment Opportunity in Lakeland!** This well-positioned duplex at **1882 Crystal Grove Dr** offers two spacious **2-bedroom, 2-bathroom units**, providing an excellent opportunity for investors looking to add an income-producing property to their portfolio. Both sides are currently **tenant occupied**, offering immediate rental income and an established tenant base. Situated on an impressive **1-acre lot**, the property provides plenty of land and privacy while still being conveniently located near the amenities and attractions of Lakeland. A **small storage shed** provides additional space for tools, equipment, or tenant storage. The property has also been **replumbed**, adding peace of mind for the new owner. Lakeland is a growing Central Florida community known for its beautiful lakes, outdoor recreation, shopping, dining, and convenient access to both Tampa and Orlando. Nearby activities include **Hollis Garden, Lake Mirror, Lake Morton, Munn Park, Polk Museum of Art, Circle B Bar Reserve, and Lakeside Village**, along with numerous restaurants, shops, golf courses, parks, and recreational opportunities. Whether you're an experienced investor or looking to begin building your rental portfolio, **1882 Crystal Grove Dr offers the desirable combination of two income-producing units, a large 1-acre lot, and a convenient Lakeland location.**

1882 Crystal Grove Drive, Lakeland

$549,999

6 Beds ⋅ 6 Baths ⋅ Weswego Sub SubDv. ⋅ 33805 Zip Code

Modern New Construction Duplex in the heart of Lakeland offering an excellent opportunity for investors or owner-occupants alike. This two story concrete block construction property features two spacious units with thoughtfully designed layouts, modern finishes, and low-maintenance living. Each unit offers generous living space, well-appointed kitchens, comfortable bedrooms, and contemporary styling throughout. Built with durability and efficiency in mind, this newly completed property provides peace of mind for years to come. Conveniently located near shopping, dining, schools, medical facilities, and major commuter routes with easy access to Tampa and Orlando. Ideal for long-term rental income, multigenerational living, or living in one side while renting the other. No HOA. Schedule your private showing today.

1111 / 1113 Jewel Avenue, Lakeland

$350,000

4 Beds ⋅ 2 Baths ⋅ Goodyear P D Sub SubDv. ⋅ 33809 Zip Code

This 2 bed 1 bath duplex is in the ideal location right off of I-4. The property encompasses 2 units with identical layouts, updated kitchens, and in unit laundry. There is an office with closet space that can be utilized as a 3rd bedroom or office. Live in one side and rent the other or rent both sides for extra income.

4710 Fernery Lane, Lakeland

$299,900

6 Beds ⋅ 4 Baths ⋅ Skyview Estates SubDv. ⋅ 33801 Zip Code

Great investment opportunity at 1216 Fairway Drive in Lakeland! This well-maintained duplex offers two spacious 3-bedroom, 2-bathroom units, each featuring a desirable split-bedroom floorplan designed for privacy and comfortable living. Both units are currently occupied and secured by 12-month leases, providing immediate rental income and stability for the next owner. The property generates $28,890 in annual rental income, making it an excellent addition to an investment portfolio. Unit 1216 had new AC and Water Heater installed in 2025. Located in Lakeland with convenient access to local shopping, dining, schools, employment centers, and major roadways. Whether you're looking to expand your rental portfolio or seeking a property with established tenants and income from day one, this duplex is worth a look.

1216 Fairway Drive, Lakeland

$650,000

8 Beds ⋅ 8 Baths ⋅ Crystal Grove SubDv. ⋅ 33801 Zip Code

Under contract-accepting backup offers. Investment Opportunity – 1962 Crystal Grove Drive **Fantastic investment opportunity!** This **4-unit multifamily building** offers an excellent opportunity for investors looking to add an income-producing property to their portfolio. Each unit features a desirable **2-bedroom, 2-bathroom layout**, providing comfortable living space and strong rental appeal. **Two of the four units are currently tenant occupied**, generating **$1,500 per month per occupied unit**, providing immediate rental income while leaving additional potential to maximize the property's overall income. The four-unit configuration offers flexibility for an investor looking to build long-term cash flow and benefit from the continued demand for rental housing. The property's location adds to its investment appeal, with convenient access to everyday shopping, restaurants, schools, parks, and major roadways. Residents can enjoy nearby outdoor recreation, including opportunities for walking, biking, fishing, boating, and exploring Florida's natural surroundings. The area also offers easy access to local entertainment, dining, and shopping, making it an attractive location for both current and future tenants. Nearby attractions and recreational destinations provide plenty of options for enjoying the Florida lifestyle. Whether you're an experienced investor or looking for your first multifamily investment, **1962 Crystal Grove Drive** presents an exciting opportunity with **four 2-bedroom, 2-bathroom units**, existing rental income, and additional potential to increase occupancy and cash flow. **Four units. Strong rental potential. Two units currently producing $1,500/month each. Don't miss this opportunity to add a versatile multifamily property to your investment portfolio!**

1962 Crystal Grove Drive, Lakeland

$670,000

16 Beds ⋅ 16 Baths ⋅ Scotts Lakeland Heights SubDv. ⋅ 33803 Zip Code

GREAT INCOME-PRODUCING INVESTMENT OPPORTUNITY IN THE HEART OF LAKELAND! Located at 901 Pennsylvania Ave, this well-positioned fourplex offers investors the opportunity to own a multi-family property in the highly desirable Lake Morton Historic District. The property consists of 4 spacious 1-bedroom, 1-bath units, each approximately 900 square feet, offering a highly rentable layout and strong long-term income potential. ALL UNITS RENTED $4650/Month The property maintains much of its original Florida character, including original hardwood floors, solid wood doors, and charming architectural details rarely found in newer construction. Units also feature additional touches such as washer/dryer accommodations, sunrooms adding to their appeal and rental potential. LOCATION IS A MAJOR HIGHLIGHT. The property is conveniently situated near Florida Southern College, Lake Morton, Downtown Lakeland, the public library, museums, restaurants, shopping, entertainment, and major roadways. Its central location provides excellent access to many of Lakeland's most desirable destinations while placing tenants close to employment, education, recreation, and everyday conveniences. Whether you're looking to expand an existing rental portfolio, enter the multifamily investment market, or acquire a long-term income-producing asset, 901 Pennsylvania Ave offers an excellent combination of location, character, multiple rental units, and future income potential. 4 units. 1 property. Multiple income streams. A great opportunity to invest in one of Lakeland's established neighborhoods.

901 Pennsylvania Avenue, Lakeland

$695,000

33815 Zip Code

Fully leased 6-unit multifamily in the heart of Lakeland — six 1BD/1BA units at approximately 496 sq ft each, all occupied and producing from day one. Every unit has its own electric meter and central A/C, keeping tenants self-sufficient and owner expenses lean. Solid concrete construction means durability and low maintenance year after year. City water with private septic. Steps from the best of downtown: Lake Mirror, Hollis Garden, Bonnet Springs Park, the Polk Theatre, and Florida Southern College. True turnkey cash flow in one of Central Florida's fastest-growing markets — the kind of asset that rarely comes available.

214 N Chestnut Road Unit 6, Lakeland

$850,000

8 Beds ⋅ 4 Baths ⋅ Van Deusen & Shannons SubDv. ⋅ 33803 Zip Code

Must-see historic Lakeland quadruplex in the sought-after South Lake Morton Historic District. This rare 1920s income-producing property blends timeless architectural character with thoughtful modern updates, offering an exceptional opportunity in one of Lakeland’s most desirable locations. Ideally situated near Lake Hollingsworth, this fully rented quadruplex provides steady rental income and strong long-term appeal. A brand-new roof was installed in March 2026, adding valuable peace of mind for the next owner. Each of the four units features two bedrooms and one bathroom, offering comfortable living spaces with abundant natural light, practical storage, and a welcoming atmosphere tenants will appreciate. Thoughtful updates include renovated kitchens with contemporary appliances, fresh interior paint, newer carpeting, individual refrigerators, ranges, water heaters, and air conditioning systems. All utilities are separately metered for efficient management and transparency. While updated for modern convenience, the property preserves its original charm with classic wall casing, crown molding, built-ins, and period details that reflect the character of Lakeland’s historic neighborhoods. Residents enjoy desirable amenities including separate washer and dryer hookups located outside the living areas, assigned covered carport parking, and private outdoor decks for each unit—perfect for relaxing or entertaining. The location further enhances the property’s appeal, placing residents just blocks from beloved local destinations such as Cob & Pen, Concord Coffee, The Peach House, Patio 850, and the scenic Lake Hollingsworth area. With its combination of historic character, modern updates, private outdoor spaces, covered parking, and a prime central Lakeland location, this quadruplex stands out as a compelling investment property. Opportunities like this are rare in the South Lake Morton Historic District. Don’t miss your chance to own a distinctive piece of Lakeland history with income potential and lasting appeal.

211 E Park Street, Lakeland

$600,000

8 Beds ⋅ 8 Baths ⋅ Crystal Grove SubDv. ⋅ 33801 Zip Code

Great property for Income in Lakeland. Property has four apartment. Roof is from 2025. New paint interior and exterior in 2025. Call before is gone.

1648 Crystal Park Circle, Lakeland

$479,000

6 Beds ⋅ 3 Baths ⋅ Biltmore Park Sub SubDv. ⋅ 33801 Zip Code

Discover the perfect opportunity to live, invest, or generate rental income with this unique property featuring two beautifully remodeled homes and a 29' x 22' detached concrete block storage building on one lot. Whether you choose to live in one home and rent the other, or maximize your returns by leasing both, this property offers incredible flexibility. The larger residence features 4 bedrooms, 2 bathrooms, and 1,679 square feet of living space. Inside, you'll find a spacious living room, separate family room, inside laundry, and a stunning new kitchen complete with new cabinetry, countertops, and appliances. Luxury vinyl plank flooring flows throughout the home, complemented by fresh interior paint and new ceiling fans. The second home offers 2 bedrooms, 1 bathroom, and includes a single-car garage with an adjoining storage/laundry room featuring washer and dryer hookups. Like the main home, it has been completely remodeled with luxury vinyl plank flooring, fresh paint, new ceiling fans, and a beautifully updated kitchen with new cabinets, countertops, and appliances. Adding even more value is the detached 29' x 22' concrete block storage building, complete with electricity and a half bath—ideal for a workshop, hobby space, business storage, or additional flex space. Conveniently located in the heart of Lakeland, this property is just a short walk to both Lake Hollingsworth and Lake Morton, offering easy access to scenic walking trails, parks, and all the charm of central Lakeland. Don't miss this rare opportunity to own a move-in-ready, income-producing property in one of Lakeland's most desirable locations!

542 & 540 S Clayton Avenue, Lakeland

$499,000

8 Beds ⋅ 4 Baths ⋅ 33801 Zip Code

Don't miss this exceptional investment opportunity featuring two duplexes on one lot, offering four units with immediate cash flow. Located at 2929 Nine Iron Drive and 2934 Eight Iron Drive in Lakeland, this rare multifamily property includes three occupied units and one vacant unit, providing immediate rental income while offering flexibility to lease the vacant unit at current market rates or occupy it yourself. Each unit features 2 bedrooms, 1 full bathroom, and washer/dryer hookups for added tenant convenience. Both duplexes received new roofs in 2019, helping reduce future maintenance costs. Ideally situated in a central Lakeland location, the property offers easy access to shopping, dining, schools, major roadways, and everyday conveniences, making it highly desirable for tenants and supporting strong long-term rental demand. Whether you're looking to expand your investment portfolio or acquire a well-positioned multifamily asset, opportunities like this are rare. With established rental income, additional upside through the vacant unit, and a prime location, this is an investment you won't want to miss.

2929 Nine Iron Drive, Lakeland

$599,990

9 Beds ⋅ 5 Baths ⋅ Unincorporated SubDv. ⋅ 33810 Zip Code

Great investment opportunity in Lakeland! This fully occupied, income-producing four unit property features a 3 bedroom 2 bath main home and three 2 bedroom 1 bath apartments ideal for generating consistent rental income or on site living in main home and rent the others. Property provides convenient access to shopping, dining, major roadways. A new roof installed in 2024 adds peace of mind and reduces near-term maintenance costs. Whether you're a seasoned investor or just getting started, this multi-unit property offers strong income potential in a growing market. Don’t miss your chance to secure!

2220 N Galloway Road, Lakeland

$334,990

7 Beds ⋅ 5 Baths ⋅ Patterson & Cox Sub SubDv. ⋅ 33815 Zip Code

Don’t miss this exceptional redevelopment and income-producing opportunity in the rapidly growing Lakeland market. Situated on a single parcel, this property consists of three total residential units across two separate buildings: * One duplex with separate electric meters for each unit. * One detached single-family home. Included with the sale are professionally completed Mechanical, Electrical, and Plumbing (MEP) plans, providing a significant head start for redevelopment and substantially reducing the time and expense required before construction. Proposed Redevelopment Plans * Detached Single-Family Home: Reconfigured into a modern 3-bedroom, 2-bathroom residence. * Duplex: Complete redesign into two expansive 5-bedroom, 3-bathroom units, creating a total of 13 bedrooms and 8 bathrooms across the property. The proposed layouts maximize rental potential while incorporating modern floor plans, updated building systems, and efficient use of space. Whether your strategy is traditional multifamily rentals, co-living, workforce housing, or another high-income rental model, this property offers exceptional flexibility. Located just minutes from downtown Lakeland with convenient access to Interstate 4, the property benefits from strong rental demand while offering easy access to both Tampa and Orlando.

115 Emma Street, Lakeland

$330,000

4 Beds ⋅ 4 Baths ⋅ Crystal Lake Estates SubDv. ⋅ 33801 Zip Code

Two townhouse-style homes included! Attached duplex-style townhome investment opportunity in Lakeland, made up of 1106 and 1108 Country Club Ln being marketed and sold together but on separate lots (and utility meters)! The front porch is covered and a large utility closet near the front door stores water heater, hvac, and space for more! Each side is a 2 bedroom / 2 bath with massive master bedrooms, cozy living rooms, and a spacious layout overall. Each unit has lake views out the back and separate yards with sliding doors leading to decks out the kitchen. Laundry hookups are located upstairs. 1106 Currently tenant occupied through 10/31/2026 and 1108 through 01/31/2027. Total monthly rents currently are $2,840/month with room for growth.

1106-1108 Country Club Lane, Lakeland

$199,900

7 Beds ⋅ 4 Baths ⋅ Roanoke Hills Sub SubDv. ⋅ 33815 Zip Code

Cash Only. Exceptional Investment Opportunity! Two homes on one lot! Fully renovated in 2022. The main home boasts 1480 square feet of comfortable living space featuring an open floor plan with 4 bedrooms and 2 bathrooms. The second home provides 3 bedrooms and 1 1/2 baths and an open living, dining, and kitchen space. Each home enjoys its own private patio space, perfect for relaxing or entertaining. A large, expansive driveway ensures there is plenty of room for parking. Currently used as an Airbnb. Don't miss out on this unique property, call us today.

907 N Wabash Ave, Lakeland

$799,000

33810 Zip Code

Rare 8.70-acre investment and development opportunity in North Lakeland. This unique multi-family property currently includes 3 mobile homes, each with its own electric meter, plus 5 additional home sites already equipped with separate electric service + 2 wells. Whether you're seeking rental income, a multi-generational family compound, or future development potential, this property offers exceptional flexibility. With NO HOA or Deed Restrictions, the property features open pasture areas, a storage shed, ample parking, and plenty of space for RVs, boats, equipment, or livestock. Existing zoning and land use may support a variety of residential, multifamily, or commercial possibilities, subject to county approval and buyer verification. Conveniently located with quick access to I-4, Lakeland, Tampa, Orlando, shopping, dining, healthcare, and major employment centers. The existing mobile homes are in need of substantial renovation or replacement. Private financing or cash offers only. Sold As-Is with the right to inspect.

3146 Mount Tabor Road, Lakeland

2121 S San Gully Road Unit 14 - 15, Lakeland

$390,000

4 Beds ⋅ 4 Baths ⋅ Sun Wood Village SubDv. ⋅ 33803 Zip Code

Exceptional investment opportunity — or the perfect way to own your home and have someone else help pay the mortgage! This fully rented duplex in Lakeland, Polk County is generating $3,300/month in gross rental income, delivering strong day one cash flow with room to grow. Each unit features 2 bedrooms and 2 full bathrooms, offering a spacious and desirable floor plan that attracts quality, long term tenants. The fully fenced backyard adds privacy and appeal that keeps vacancy rates low. For the savvy investor, this property delivers an estimated cap rate of approximately 6.5 at the $395,000 asking price — with upside potential as leases renew. For the owner occupant, the opportunity is equally compelling: live in one unit and let the rental income from the other significantly offset your monthly mortgage payment, a true house hack in one of Central Florida's fastest growing rental markets. Whether you're building a portfolio or simply looking for a smarter way to own, this turn key duplex checks every box. Schedule your showing today!

2121 S San Gully Road Unit 14 - 15, Lakeland

$530,000

6 Beds ⋅ 4 Baths ⋅ Bon Air Add SubDv. ⋅ 33805 Zip Code

Positioned in the heart of rapidly growing Lakeland, this fully remodeled income-producing duplex at 1134-1136 Gilmore Ave presents an exceptional opportunity for both seasoned investors and owner-occupants looking to offset living expenses with strong rental income potential. Built in 1988 and offering approximately 2,275 total square feet, this multi-family property features two spacious units, each thoughtfully designed with 3 bedrooms and 2 bathrooms — a highly desirable layout rarely found in duplex inventory throughout the area. Recent renovations throughout the property create a modern and attractive living environment with updated kitchens, refreshed bathrooms, stylish finishes, fresh interior paint, upgraded flooring, and bright open-concept living spaces that appeal to today’s tenants and buyers alike. Both units have functional floor plans with abundant natural light, comfortable bedroom sizes, in-unit laundry space, central heating and air conditioning, and private living areas designed for long-term tenant satisfaction and minimal maintenance concerns. Situated on a generous lot in an established neighborhood, the property benefits from convenient access to shopping, dining, parks, schools, medical facilities, and major transportation corridors including nearby access to I-4, making commuting to both Tampa and Orlando easily accessible. The property’s strong rental appeal, modern upgrades, and desirable unit mix make it an ideal addition to any investment portfolio while also providing flexibility for house hacking or multigenerational living. With continued growth throughout the Lakeland market and increasing demand for quality rental housing, this duplex offers immediate cash flow potential along with long-term appreciation upside. Whether you are seeking a stable performing asset, a low-maintenance multifamily investment, or a move-in-ready property with excellent income potential, this beautifully updated duplex checks all the boxes. Opportunities like this are becoming increasingly difficult to find in Central Florida — don’t miss your chance to own a fully renovated duplex with strong tenant appeal in one of Polk County’s fastest growing markets

1134-1136 Gilmore Avenue, Lakeland

$725,000

6 Beds ⋅ 6 Baths ⋅ Biltmore Park Sub SubDv. ⋅ 33801 Zip Code

Brand New Hulbert Homes Duplex – Live in One, Rent the Other! Exceptional opportunity to own a newly constructed Hulbert Homes duplex offering quality craftsmanship, modern design, and outstanding income-producing potential in a highly desirable in-town Lakeland location. Whether you are looking to offset your mortgage with rental income or expand your investment portfolio, this property offers flexibility, functionality, and long-term value. Each spacious two-story unit offers approximately 1,808 heated square feet with thoughtfully designed layouts and stylish finishes throughout. While each side features a slightly different floorplan, both offer an open and inviting design perfect for everyday living and entertaining. The first floor showcases a spacious great room and dining area with soaring 10-foot ceilings, creating a light, bright, and open feel. The kitchens are designed with both style and function in mind, featuring large center islands, stainless steel appliance packages, quartz countertops, abundant cabinetry, walk-in pantries, and convenient access to the inside laundry room. A downstairs powder bath and covered lanai add additional comfort and convenience. All bedrooms are privately located upstairs, including spacious owner’s suites featuring walk-in closets, double sink vanities with quartz countertops, private water closets, and walk-in showers. Hulbert Homes’ signature quality craftsmanship and attention to detail are evident throughout both residences. Enjoy the peace of mind and energy efficiency that comes with new construction, along with low-maintenance living and excellent rental potential. Live in one side while generating income from the other, or lease both units for maximum return. Ideally located near Downtown Lakeland, residents can enjoy easy access to local lakes, parks, recreational areas, shopping, dining, and everything Lakeland has to offer. Conveniently located near Florida Southern College and Southeastern University, with quick access throughout

1031 E Lime Street, Lakeland

$324,900

4 Beds ⋅ 4 Baths ⋅ Secret Cove Sub SubDv. ⋅ 33801 Zip Code

Investment Opportunity with Immediate Income Potential! Duplex property (both sides) conveniently located with easy access to shopping, dining, and major highways, and less than 10 miles from downtown Lakeland. Situated in a high-demand rental area with tenants already in place, this property offers a seamless transition for its new owner with instant income potential. Recent improvements include a newer roof, and the property presents a great opportunity for an investor looking to complete renovations and add value over time.

1053 / 1055 Captiva Point, Lakeland

$275,000

4 Beds ⋅ 4 Baths ⋅ Secret Cove Sub SubDv. ⋅ 33801 Zip Code

Lake View Investor Special – Full Rehab Opportunity! Duplex property (both sides) ready for renovation and priced accordingly. This is a true value-add opportunity for investors looking to bring a property back to life and maximize rental income or resale potential. Property is vacant and will require a full renovation, making it ideal for experienced investors or contractors seeking their next project. Strong rental demand in the area supports long-term income potential once improvements are completed. Conveniently located near shopping, dining, and major roadways, with easy access to downtown Lakeland. Bring your vision and unlock the potential this property has to offer.

1047 / 1049 Captiva Point, Lakeland

$325,000

6 Beds ⋅ 3 Baths ⋅ Country Club Estates Sub SubDv. ⋅ 33801 Zip Code

Turnkey multi-unit investment with $2,800+ monthly income—two homes on one lot in a prime Lakeland location. Welcome to 2249 & 2253 Golfview Street, a rare income-producing property in Lakeland featuring two separate residences on one spacious, fully fenced lot. This is an ideal opportunity for investors seeking strong cash flow, long-term tenant stability, and a prime Central Florida location. The first residence at 2249 Golfview Street is a well-maintained 3-bedroom, 2-bath mobile home offering approximately 1,224 square feet of living space, complete with updated flooring throughout. The second residence at 2253 Golfview Street is a 3-bedroom, 1-bath wood frame home with approximately 858 square feet, along with an additional outbuilding that provides excellent potential for storage, workshop use, or flex space. Both units are currently tenant-occupied with long-term renters in place, providing immediate and consistent rental income. Combined rental income is approximately $2,830 per month, making this property well-suited for investors utilizing DSCR (Debt Service Coverage Ratio) financing or those looking to expand their rental portfolio with a stabilized, income-generating asset. The dual-residence layout offers diversified income streams and helps reduce vacancy risk. The large fenced-in lot adds significant value, offering privacy, flexibility, and functional outdoor space for tenants. With two separate homes on one parcel, this property presents a unique opportunity for multi-unit investment in one of Central Florida’s fastest-growing areas. Ideally located in Lakeland, this property offers convenient access to I-4, making commuting to Tampa and Orlando seamless. It is just minutes from downtown Lakeland, Lakeland Linder International Airport, shopping, dining, medical facilities, and local colleges including Florida Southern College and Southeastern University. Whether you are searching for a Lakeland investment property, duplex-style rental, multi-unit income property, or a high-performing addition to your Central Florida real estate portfolio, this opportunity delivers immediate cash flow with long-term upside potential.

2253 & 2249 Golfview Street, Lakeland

$365,000

4 Beds ⋅ 4 Baths ⋅ Ward R A Sub SubDv. ⋅ 33815 Zip Code

Excellent investment opportunity in the heart of Lakeland! This income-producing quadraplex at 602 Emma St features four separate 1-bedroom, 1-bathroom units, ideal for generating consistent rental income or expanding your portfolio. 1 unit is currently vacant, offering flexibility for an owner occupant situation. Each unit offers a functional layout, appealing to a wide range of tenants. Situated in a central Lakeland location, the property provides convenient access to shopping, dining, major roadways, and local amenities, making it attractive for long-term renters. A newer roof installed in 2021 adds peace of mind and reduces near-term maintenance costs. Whether you're a seasoned investor or just getting started, this multi-unit property offers strong income potential in a growing market. Don’t miss your chance to secure a solid asset in a prime location!

602 Emma Street, Lakeland

$299,900

5 Beds ⋅ 3 Baths ⋅ 33805 Zip Code

One or more photo(s) has been virtually staged. Amazing investment opportunity on an oversized 0.57-acre lot featuring two homes on one property, both currently tenant occupied and offering immediate income potential. The main home offers 3 bedrooms, 2 bathrooms plus a large bonus room that can easily serve as a fourth bedroom, dining space, home office, or additional living area. The home features hard flooring and tile, providing easy maintenance and durability. The spacious layout allows for plenty of natural light, while the large yard offers ample space for outdoor enjoyment. Located behind the main home is a separate 2-bedroom, 1-bath guest cottage with its own kitchen and separate driveway access, offering privacy for both residences. This additional unit adds excellent flexibility for long-term rental income or multi-generational living options. Situated just minutes from I-4 and Highway 92, this property offers convenient access to downtown Lakeland, shopping, dining, and major Central Florida destinations. Whether you're looking to expand your investment portfolio or secure a property with multiple income streams, this versatile property presents a rare opportunity.

3221 & 3225 Crutchfield Road, Lakeland

$229,000

4 Beds ⋅ 2 Baths ⋅ Golfview Manor SubDv. ⋅ 33801 Zip Code

Under contract-accepting backup offers. DUPLEX Low maintenance costs! Great Income potential Each unit has 2 bedrooms one bathroom a comfortable living area. Large backyard and off street parking for 4 vehicles. Ideal for investors or Residential buyer.

1305-1307 Fairway Drive, Lakeland

$283,900

4 Beds ⋅ 2 Baths ⋅ Chestnut Woods Sub SubDv. ⋅ 33815 Zip Code

Under contract-accepting backup offers. Great investment opportunity conveniently located in central Lakeland close to I-4. This 2 bedroom, 1 bath duplex features tile floor throughout both units, inside laundry hookup. Centrally located and currently fully occupied with amazing tenants at a competitive rental rate. Don't miss out on this opportunity!

2464 Chestnut Woods Drive, Lakeland

$2,500,000

33805 Zip Code

Pre-Construction. To be built. $1M Price improvement! Pre Construction. Rare Multifamily Development Package, PUD, Civil Drawing, Entitlement Phase. 4 Buildings, 87 apartments, this awesome opportunity awaits you! Architect renderings provided. Possible Mid town CRA Grants. Workforce housing, what a plus. Teachers, healthcare workers, police and more. With new hospitals coming to Lakeland what a benefit. Close to I-4 interchange, Barnett Park, downtown and backs up to 7th street park with gated entrance. Offers a strong head start for investors and developers, this property creates exceptional value.

1205 Neville Avenue, Lakeland

$1,390,000

Winfree Sub SubDv. ⋅ 33801 Zip Code

Presenting a prime multifamily apartment investment opportunity in the Lake Morton Historic District! This exquisite 12-unit apartment building has been fully renovated in the North Building and partially remodeled in the South Building. As a contributing property in the district, its Mediterranean Revival architecture is both captivating and historically significant. The building beautifully blends classic charm with modern updates, having been thoughtfully restored to preserve its historical character while incorporating contemporary amenities. Each unit is fully renovated, featuring brand-new appliances and updated fixtures, offering tenants a comfortable, modern living experience. Additional amenities include an on-site laundry facility for tenant convenience and a spacious courtyard where residents can relax and enjoy Florida’s wonderful climate. This is a rare opportunity to own a beautifully restored historic building in the heart of Lakeland. Don't miss the chance to add this exceptional multifamily property to your investment portfolio!

915 E Palmetto Street, Lakeland

Browse All Lakeland FL Multi-Family Homes for Sale

Lakeland Multi-Family Homes For Sale

How much is your home worth?

How much is your home worth?