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    214 N Chestnut Rd Lakeland, FL 33815

    Sponsored
    For Sale
    $695,000

    Multi Family - LAKELAND, FL

    Type:Single Family Attached
    Property size:
    2,975 SF
    Lot size:
    0.20 Acres
    Days on Market:
    34
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 214 N Chestnut Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Attached
    Standard status
    Active
    Zoning
    PUD
    APN
    23-28-15-000000-024280
    Size
    2,975 SF
    Lot size
    0.20 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1982
    Building materials
    Concrete
    Architectural style
    Other

    HomeSmart (407) 476-0461 [email protected]

    Listing agent Mohamed Dembele (407) 476-0461 License #3554908

    Listing date Dec 3, 2025

    MLS# TB8415495 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lakeland Multifamily Investment Opportunity

    This fully leased 6-unit residential building presents an investment opportunity in Lakeland, Florida. Each unit is equipped with its own electric meter and dedicated central A/C. The property utilizes city utilities and a private septic system. Each unit provides approximately 496 square feet of space under air. The property is zoned PUD and situated on a lot of 0.2 acres. Its location provides access to Lake Mirror and the Frances Langford Promenade, Hollis Garden, Lake Morton, and Bonnet Springs Park. Also nearby are Circle B Bar Reserve, Polk Theatre, Florida Southern College, and the AGB Museum of Art. Other nearby attractions include the Lakeland Escape Room and Family Fun Center, Common Ground Playground, the Downtown Farmers Curb Market, Silver Moon Drive-In, and Safari Wilderness Ranch. The property is an income-producing building in a growing community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -81.994456
    Latitude
    28.042553

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    FAQs

    What type of property is this?
    Apartment building - Fully leased 6-unit residential building in Lakeland, Florida.
    Where is this apartment building located?
    The property is located at 214 N Chestnut Rd Lakeland, FL.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: - Fully leased 6-unit residential building provides instant income.; - Each unit has its own electric meter and dedicated central A/C, reducing owner expenses.; - Prime location near Lake Mirror, Hollis Garden, and Bonnet Springs Park ensures consistent rental demand.
    (407) 476-0461
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    214 N Chestnut Rd Lakeland, FL 33815
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    Lakeland, FL 33815
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    214 N Chestnut Rd Lakeland, FL 33815
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