Lakeland, FL Residential Income Properties for Sale

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Updated: Mar 3

Two-Home Residential Income Property

3221 & 3225 CRUTCHFIELD Road, Lakeland, FL 33805

$299,900

2,515 sqft 0.57 AC lot

Two homes on one property on an oversized 0.57‑acre lot—both currently tenant occupied
Main home: 3 bedrooms and 2 bathrooms plus a large bonus room (can serve as a 4th bedroom or office/living space)
Separate 2‑bedroom, 1‑bath guest cottage behind the main home, with its own kitchen
Separate driveway access for the guest cottage
Public water; sewer via septic tank

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3221 & 3225 CRUTCHFIELD Road, LAKELAND, FL 33805

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Est. Cap Rate

8.9%
Above avg (5.9%)
Est. NOI

$27K
Annual
Price @ 7% Cap

$381K
Above asking
Property Type

Single Family Residence
Built 1960

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Updated: May 26

Remodeled Income Duplex in Lakeland

1134-1136 GILMORE Avenue, Lakeland, FL 33805

$540,000

2,275 sqft 0.16 AC lot

Duplex built in 1988 with approximately 2,275 total SF (1134–1136 Gilmore Ave)
2 units, each with 3 bedrooms and 2 bathrooms
Renovations throughout, including updated kitchens, refreshed bathrooms, and fresh interior paint
Each unit features in‑unit laundry, central heating, and central air
Open floorplan with stone counters and appliances including dishwasher, microwave, and range

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Renovated Duplex with Private Patios

907 N WABASH AVE, Lakeland, FL 33815

$299,000

1,480 sqft 0.20 AC lot

Fully renovated in 2022 duplex with two separate homes, each with a private patio and ample driveway parking.

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Two-Story Concrete Block Duplex

1111/1113 JEWEL Avenue, Lakeland, FL 33805

$565,000

3,778 sqft 0.19 AC lot

New construction duplex with two spacious units in concrete block construction and no HOA.

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Remodeled Duplex with Detached Storage

542 & 540 S CLAYTON AVENUE, Lakeland, FL 33801

$525,000

2,529 sqft

Two remodeled residences on one lot, plus a detached concrete block storage building with electricity and a half bath.

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Move-In Ready Single-Family Residence

1436 SHIRLEY Drive, Lakeland, FL 33810

$260,000

1,256 sqft 0.12 AC lot

3-bedroom, 2-bath home with wood-look tile, walk-in closets, and a fully fenced backyard.

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Renovated Income Duplex

621 HOLLINGSWORTH Road, Lakeland, FL 33801

$399,000

1,546 sqft 0.23 AC lot

Turnkey duplex with two renovated units, each with 2 bedrooms, 1 bathroom, updated kitchens, and in-unit laundry rooms.

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Duplex-Style Income Property

2253 & 2249 GOLFVIEW Street, Lakeland, FL 33801

$325,000

2,012 sqft 0.32 AC lot

Two tenant-occupied residences on one fully fenced lot generate approximately $2,830 monthly income.

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12-Unit Apartment Building

915 E Palmetto Street, Lakeland, FL 33801

$1,390,000

8,348 sqft

Renovated 12-unit apartment building with on-site laundry and a courtyard.

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55+ Community Two-Bedroom Villa

501 VILLA VISTA BLVD, Lakeland, FL 33813

$257,900

1,783 sqft 0.14 AC lot

Updated two-bedroom, two-bath villa with interior laundry and an open patio in a 55+ community.

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Redevelopment Income Property Duplex

115 EMMA Street, Lakeland, FL 33815

$399,000

2,696 sqft 0.10 AC lot

Three residential units across two buildings on one parcel, with separate electric metering on the duplex.

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Fully Renovated Duplex

621 HOLLINGSWORTH ROAD, Lakeland, FL 33801

$399,000

1,546 sqft

Turnkey duplex with two renovated 2-bedroom, 1-bath units, each with updated kitchens and dedicated laundry rooms.

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Multifamily Home with Lake Access

5739 LACAR Way, Lakeland, FL 33805

$265,000

1,380 sqft 0.09 AC lot

Multifamily residence in a community with a resort-style pool, fitness center, tennis and basketball courts, and private dock access.

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Single-Story Triplex and Duplex Portfolio

1647 Goodyear Avenue, Lakeland, FL 33801

$4,100,000

22,542 sqft

Portfolio sale of 10 single-story buildings with triplex and duplex units, all with central HVAC and washer/dryer hookups.

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Turnkey Lakeland Quadplex Opportunity

714 TEXAS Avenue, Lakeland, FL 33815

$440,000

1,291 sqft 0.33 AC lot

Fully remodeled, furnished two-building multi-unit property with individually metered utilities and fenced yard space.

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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 Duplex: Turnkey Investment Opportunity

4418-4416 HIGHLAND LANE, Lakeland, FL 33813

$425,000

2,124 sqft

Fully occupied duplex in South Lakeland with immediate cash flow.

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Four-Unit Residential Income Property

2220 N GALLOWAY Rd, Lakeland, FL 33810

$650,000

Four fully occupied units include a 3-bed/2-bath main home and three 2-bed/1-bath apartments; new roof in 2024.

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Lakeland Duplex Investment Opportunity

2464 CHESTNUT WOODS Dr, Lakeland, FL 33815

$283,900

0.16 AC lot

Centrally located, fully occupied duplex in Lakeland, Florida.

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Well-Maintained 1/2 Duplex Home

709 MIKASUKI DRIVE, Lakeland, FL 33813

$199,900

1/2 duplex with 3 bedrooms, 2 baths, ceramic tile main areas, newer water heater, and an ~8-year roof.

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Brand New Duplex Investment

1062-1070 GAY ROAD, Lakeland, FL 33811

$900,000

4,940 sqft

Newly built block duplexes offer three bedrooms, two full baths, vinyl flooring, and two parking spaces per unit.

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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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Lakeland Mobile Home Community

2620 Reynolds Rd, Lakeland, FL 33801

$1,000,000

20-site mobile home community with infill potential in Lakeland, Florida.

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Lakeland Quadraplex: Investment Opportunity

602 EMMA St, Lakeland, FL 33815

$375,000

Fully occupied quadraplex in Lakeland, great for rental income.

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Lakeland, FL Residential Income Properties Market Trends and Statistics

Explore 44 residential income properties for sale in Lakeland, FL, showcased through 28 active listings on our real estate platform. These investment opportunities span a total of 64,041 square feet of properties for sale, with an estimated market value of $11,788,800.

Sale prices for residential income properties in Lakeland, FL start at $257,900, averaging $693,458, and reaching up to $4,100,000 — 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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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

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
33809	$337.5K
33815	$342K
33813	$425K
33801	$943.1K
33803	$949.5K

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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