Lakeland, FL Apartment Buildings for Sale

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Eaton Park, FL Auburndale, FL Groveland, FL Lake Wales, FL Kathleen, FL Winter Haven, FL Polk City, FL Lake Alfred, FL

Updated: Jan 16, 2025

Historic Lakeland Multifamily Investment Opportunity

915 E PALMETTO STREET, Lakeland, FL 33801

$1,390,000

8,348 sqft 0.45 AC lot

Prime multifamily investment opportunity in the desirable Lake Morton Historic District.
Fully renovated units in the North Building and partially remodeled in the South Building, offering modern living spaces.
Historically significant Mediterranean Revival architecture with preserved classic charm.
Brand‑new appliances and updated fixtures in each renovated unit.
Convenient on‑site laundry facility for tenants.

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This listing looks promising.

Here's a quick look at some key insights for

915 E PALMETTO STREET, LAKELAND, FL 33801

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Est. Cap Rate

5.7%
NOI ÷ price
Est. NOI

$79K
Annual
Price @ 7% Cap

$1.13M
Suggested
Property Type

Multi-Family Dwellings
Built 1926

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Updated: May 9, 2025

Lakeland Multifamily Development Opportunity

1205 NEVILLE AVENUE, Lakeland, FL 33805

$2,500,000

2,454 sqft 3.53 AC lot

Multifamily development package with entitlements for 87 apartments.
Pre‑construction phase offers opportunity for customization and value creation.
Potential for Midtown CRA grants.
Workforce housing designation caters to essential workers (teachers, healthcare, police).
Proximity to I‑4, Barnett Park, and downtown Lakeland.

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Iconic Wilsonian Building on Lake Morton

183 Lake Morton Dr, Lakeland, FL 33801

$1,900,000

0.56 AC lot

Historic 16-unit multifamily property in downtown Lakeland, Florida.

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Multifamily Development Opportunity in Lakeland

1205 NEVILLE Ave, Lakeland, FL 33805

$2,500,000

3.53 AC lot

Pre-construction multifamily development package with entitlements in place.

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Lakeland Multifamily Investment Opportunity

203 JANET Ln, Lakeland, FL 33809

$124,000

0.17 AC lot

Multifamily property for sale in Lakeland, Florida.

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Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 5 Active listings in Lakeland, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Turnkey Six-Unit Apartment Building

501 W BAKER STREET, Plant City, FL 33563

$625,000

3,336 sqft 0.51 AC lot

A 6-unit multifamily property in Plant City with a mix of studios, one- and two-bedroom apartments and recent exterior improvements.

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Multifamily and Commercial Investment Opportunity

206 PILAKLAKAHA AVENUE, Auburndale, FL 33823

$1,000,000

21,236 sqft 0.58 AC lot

Mixed-use property in Auburndale, Florida with value-add potential.

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Corner Mixed-Use Building with Parking

111 S Collins Street, Plant City, FL 33563

$2,000,000

10,154 sqft

Downtown mixed-use building with three leased commercial spaces and five apartments, plus private rear parking.

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Multifamily and Commercial Property in Auburndale

206 PILAKLAKAHA Ave, Auburndale, FL 33823

$1,000,000

21,236 sqft 0.58 AC lot

Mixed-use investment opportunity in a growing Central Florida submarket.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Waterfront Lot in Treasure Island

141 104TH AVENUE, Treasure Island, FL 33706

$2,225,000

0.34 AC lot

Waterfront lot zoned for multifamily residential use in Treasure Island.

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Ocean Springs Highway 90 Land

Bienville Blvd, Ocean Springs, MS 39564

$675,000

143,748 sqft 3.30 AC lot

3.3 acre commercial land on Highway 90, Ocean Springs.

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Greenville Development Opportunity: 1.33 Acres

71 Salters Road, Greenville, SC 29607

$699,900

1.33 AC lot

1.33 acre parcel suitable for multi-family development near downtown.

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Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000

5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

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Off-Market Properties in Lakeland, FL

Consider similar Off-Market properties in Lakeland, FL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Multifamily properties

6404 Odom Rd, Lakeland, FL 33809

Value Estimation by Request

9,600 sqft 1.34 AC lot

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Multifamily properties

1125 Olive St, Lakeland, FL 33815

Value Estimation by Request

2,400 sqft 0.40 AC lot

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Multifamily properties

1619 Goodyear Ave, Lakeland, FL 33801

Value Estimation by Request

37,516 sqft 3.19 AC lot

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Multifamily properties

453 Westgate Ave, Lakeland, FL 33815

Value Estimation by Request

2.02 AC lot

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Lakeland, FL Apartment Buildings Market Trends and Statistics

Explore 9 apartment buildings for sale in Lakeland, FL, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 10,802 square feet of properties for sale, with an estimated market value of $3,890,000.

Sale prices for two-family homes in Lakeland, FL start at $1,390,000, averaging $1,945,000, and reaching up to $2,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 269K

Population Growth (5Y) +5.5%

Median Household Income $70,171

College Educated 24.0%

High-Yield Neighborhoods for Investment

Identify Lakeland submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
33803	$1.3M
33801	$1.7M
33805	$2.5M

Taxes & Financing

Tax Rate (average for all types) 1.57%

Property Tax per SF $25.55 per SF

Tax Rate vs County Average 0.03 pp below county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Polk County

New Delisted

Total CRE Inventory on Market (SF)

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