Back to Search

Lakeland Multifamily Investment Opportunity

1005 S NEW YORK Ave, Lakeland, FL 33803

View on Map

For Sale

$1,299,000

Renovated 9-unit multifamily property in Lakeland's Dixieland District.

Type:Commercial

HighLights

Stabilized, income‑producing 9‑unit multifamily property in Lakeland's desirable Dixieland District.
Renovated units with durable, low‑maintenance flooring, creating a turnkey investment.
Recent major capital improvements: roof replacement (2018) and AC replacements in 7 of 9 units (past 5 years).
On‑site laundry facility provides added convenience and generates additional income.
Separately metered electric and individual hot water heaters for each unit.
Professional management in place; no HOA restrictions.

We can help!

Listing Contact

Carla Morey

Learn more

For Sale

$1,299,000

Renovated 9-unit multifamily property in Lakeland's Dixieland District.

Type:Commercial

Added:: Apr 24, 2026
Days on Market:: 54
Last Refresh:: Apr 24 at 3:54 pm

Property Features for 1005 S NEW YORK Ave

General Information

Standard status: Active
Property subtype: Commercial

Building Details

Year Built: 1977

We can help!

Listing Contact

Carla Morey

Listing agent Carla Morey License #3217064

Listing office Lakeland Homes and Realty, LLC

Listing date Apr 24, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Lakeland Homes and Realty, LLC

HighLights

Stabilized, income‑producing 9‑unit multifamily property in Lakeland's desirable Dixieland District.
Renovated units with durable, low‑maintenance flooring, creating a turnkey investment.
Recent major capital improvements: roof replacement (2018) and AC replacements in 7 of 9 units (past 5 years).
On‑site laundry facility provides added convenience and generates additional income.
Separately metered electric and individual hot water heaters for each unit.
Professional management in place; no HOA restrictions.

Overview

Located in Lakeland’s Dixieland District, this multifamily property features nine units and presents an income-producing opportunity. The concrete block building contains eight two-bedroom, one-bath units and one one-bedroom, one-bath unit. Each residence has been renovated and features flooring throughout. The property offers dedicated parking for each unit and an on-site laundry facility. Major capital improvements include a roof replacement in 2018 and air conditioning replacements in seven of the nine units within the past five years. Each unit is separately metered for electric and has its own hot water heater, while the landlord currently pays for water. The property has professional management in place and no HOA restrictions. Seller financing is considered with at least 50% down. The property is located in a bikeable area with a score of 63 and is somewhat walkable with a score of 65.

Location Intelligence

Current Use by Public Records

1031 exchange properties

Suggested Use

Location Insight

Map
Local Demand

City: Lakeland
County: Polk
State: Florida
Longitude: -81.9594525
Latitude: 28.0311242

Nearby Similar for Sale

$799,000

3,848 SF

Freestanding Retail Building with Fenced Yard

Solid, air-conditioned retail building with ADA restroom access and a gated rear area for expanded operations.

610 N COMBEE ROAD, LAKELAND, FL 33801

View Details
$995,000

4,080 SF

Highway Frontage Mixed-Use Property

High-visibility commercial property with office/retail space and outdoor parking.

4930 US HIGHWAY 92 E, LAKELAND, FL 33801

View Details
$1,500,000

3,192 SF

Turnkey Restaurant and Bakery Opportunity

Restaurant and bakery in Lakeland, ready for immediate re-opening.

830 E MAIN STREET, LAKELAND, FL 33801

View Details
$829,900

3,617 SF

New Duplex in Lakeland, FL

New construction duplex with income potential near Downtown Lakeland.

1031 E LIME STREET, LAKELAND, FL 33801

View Details
$5,500,000

22,500 SF

Lakeland Industrial Flex Space Available

22,500 SF available with modern office and air-conditioned warehouse.

3025 WHITTEN RD, Lakeland, FL 33811

View Details
$569,000

980 SF

Lakeland Commercial Property Investment Opportunity

Prime commercial property near Florida Avenue in Lakeland, Florida.

305 & 309 W MEMORIAL BOULEVARD, LAKELAND, FL 33801

View Details
$675,000

4,056 SF

Lakeland Quadruplex: Income Opportunity

Income-producing quadplex in Lakeland, generating approximately $70,000 annual gross rental income.

1962 CRYSTAL GROVE DRIVE, LAKELAND, FL 33801

View Details
$2,900,000

24,359 SF

Industrial Facility on Commercial Corridor

Industrial facility with warehouse space, fabrication areas, and laydown space.

3145 US HIGHWAY 92 E, LAKELAND, FL 33801

View Details
$750,000

8,591 SF

Lakeland Assembly Building For Sale

Income-producing property with development potential in Lakeland, Florida.

4626 S PIPKIN ROAD, LAKELAND, FL 33811

View Details
$540,000

2,275 SF

Remodeled Duplex in Growing Lakeland

Income-producing duplex with modern upgrades, ideal for investors or owner-occupants.

1134-1136 GILMORE AVENUE, LAKELAND, FL 33805

View Details
$450,000

1,655 SF

Zoned Office Building with Fenced Yard

Office-zoned property with reliable HVAC, a newer metal roof, and a fully fenced yard for secure operations.

313 W HIGHLAND DRIVE, LAKELAND, FL 33813

View Details
$599,900

2,624 SF

Income-Producing Quadplex Near FSC

Fully occupied Lakeland quadplex near Florida Southern College.

201 ARIANA STREET, LAKELAND, FL 33803

View Details

For sale
Apartment buildings
FL
Lakeland
33803
1005 S NEW YORK Ave

What type of property is this?

Apartment building - Renovated 9-unit multifamily property in Lakeland's Dixieland District.

Where is this apartment building located?

The property is located at 1005 S NEW YORK Ave Lakeland, FL.

What is the asking price?

The asking price for this property is $1,299,000.

What are key features of this property?

This property features: Stabilized, income‑producing 9‑unit multifamily property in Lakeland's desirable Dixieland District.; Renovated units with durable, low‑maintenance flooring, creating a turnkey investment.; Recent major capital improvements: roof replacement (2018) and AC replacements in 7 of 9 units (past 5 years).