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    Lakeland, FL Multifamily Properties for Sale

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    Historic Four-Unit Quadplex
    Updated: Jul 22
    Historic Four-Unit Quadplex

    211 E PARK Street, Lakeland, FL 33803

    $850,000
    3,640 sqft 0.20 AC lot
    Four units, each with 2 bedrooms and 1 bathroom
    3,640 square feet on a 0.2‑acre site
    Built in 1925 with crown molding, built‑ins, and period trim
    New shingle roof installed in March 2026
    Separately metered utilities with individual water heaters and HVAC systems
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    Updated Four-Unit Residential Property
    Updated: Sep 30
    Updated Four-Unit Residential Property

    1125 OLIVE Street, Lakeland, FL 33815

    $505,000
    2,400 sqft 0.40 AC lot
    Four updated residential units in two duplex buildings
    2,400 square feet across both buildings
    1947 duplex: 1,120 square feet; 1954 duplex: 1,280 square feet
    0.40‑acre site comprising 3 parcels
    Current cap rate of 8.3%; pro forma cap rate of 9.3%
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    Two-Story Duplex
    Two-Story Duplex

    1031 E LIME Street, Lakeland, FL 33801

    $739,999
    3,617 sqft 0.24 AC lot

    Two residences offer open layouts, contemporary finishes, private upstairs bedrooms, and covered lanais.

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    See hot listings in Lakeland

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Updated Two-Building Duplex Property
    Updated Two-Building Duplex Property

    1125 OLIVE STREET, Lakeland, FL 33815

    $505,000
    2,400 sqft 0.40 AC lot

    Four renovated units occupy two separate duplex buildings on a combined parcel assemblage.

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    Two-Unit Duplex with 2025 Roof
    Two-Unit Duplex with 2025 Roof

    822 SHIRLEY ANN Trail, Lakeland, FL 33809

    $339,500
    1,938 sqft 0.27 AC lot

    Both residences are leased, and the property is available only alongside an adjoining duplex as a four-unit package.

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    6-Unit Concrete Apartment Building
    6-Unit Concrete Apartment Building

    214 N CHESTNUT Road, Lakeland, FL 33815

    $695,000
    2,975 sqft 0.20 AC lot

    Fully occupied multifamily property with individually metered units, central air conditioning, public water, and private septic service.

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    Renovated 2-Unit Duplex
    Renovated 2-Unit Duplex

    617 PLATEAU Avenue, Lakeland, FL 33815

    $349,000
    1,320 sqft 0.18 AC lot

    Both concrete-block residences have updated interiors, new mechanical systems, and separate laundry hookups.

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    12-Unit Apartment Building
    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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    Two-Unit Residential Duplex
    Two-Unit Residential Duplex

    830 SHIRLEY ANN Trail, Lakeland, FL 33809

    $334,000
    1,938 sqft 0.27 AC lot

    The sale is contingent on acquiring the adjoining duplex as part of a four-unit package.

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    Two-Story Duplex
    Two-Story Duplex

    1111 / 1113 JEWEL Avenue, Lakeland, FL 33805

    $549,999
    3,778 sqft 0.19 AC lot

    Concrete-block construction provides separate private entrances, central air, and public utilities for both residences.

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    Historic Quadplex with Covered Parking
    Historic Quadplex with Covered Parking

    211 E Park St, Lakeland, FL 33803

    $850,000
    3,640 sqft

    Fully rented residential property with updated kitchens, separately metered utilities, private decks, and individual HVAC systems.

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    Updated Two-Unit Duplex
    Updated Two-Unit Duplex

    1134-1136 GILMORE Avenue, Lakeland, FL 33805

    $530,000
    2,275 sqft 0.16 AC lot

    Two refreshed residences feature open living areas, in-unit laundry, and central heating and air conditioning.

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    Duplex with Updated Interiors
    Duplex with Updated Interiors

    613 PLATEAU Avenue, Lakeland, FL 33815

    $299,000
    1,096 sqft 0.17 AC lot

    The RB-2-zoned property pairs an occupied residence with a second unit currently available for lease.

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    Fully Leased 6-Unit Apartment Building
    Fully Leased 6-Unit Apartment Building

    6-214 N Chestnut Rd, Lakeland, FL 33815

    $695,000
    2,975 sqft

    Fully occupied apartments feature individual electric meters, central A/C, and durable concrete construction.

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    Duplex with Updated Kitchens
    Duplex with Updated Kitchens

    4710 FERNERY Lane, Lakeland, FL 33809

    $350,000
    1,510 sqft 0.29 AC lot

    Two matching units offer central HVAC, private laundry, and flexible owner-occupant or rental use.

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    Four-Unit Multifamily Property
    Four-Unit Multifamily Property

    902 E LIME Street, Lakeland, FL 33801

    $499,000
    2,048 sqft 0.23 AC lot

    Two buildings hold the leased residences, with a pair of units in each structure.

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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    214 N CHESTNUT ROAD #6, Lakeland, FL 33815

    $695,000
    3,999 sqft

    Fully occupied residences feature individual electric metering and central air conditioning.

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    Duplex Property with Resort Amenities
    Duplex Property with Resort Amenities

    5739 LACAR Way, Lakeland, FL 33805

    $255,000
    1,380 sqft 0.09 AC lot

    Updated duplex property with an open layout, private yard, and access to extensive community recreation.

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    Tenant-Occupied Duplex on Acre Lot
    Tenant-Occupied Duplex on Acre Lot

    1882 CRYSTAL GROVE DRIVE, Lakeland, FL 33801

    $400,000
    2,184 sqft 1.00 AC lot

    Two occupied residences feature updated plumbing and a separate storage shed on a spacious Lakeland property.

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    Duplex with Private Entrances
    Duplex with Private Entrances

    3617 FRONTAGE ROAD N, Lakeland, FL 33810

    $264,990
    1,352 sqft 0.23 AC lot

    Two residential units offer a separate 2-bedroom, 1-bath layout, with central heating and air conditioning.

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    Updated Duplex with New Roof
    Updated Duplex with New Roof

    613 PLATEAU AVENUE, Lakeland, FL 33815

    $300,000
    1,096 sqft

    Two matching residences offer refreshed finishes, individual mini-split systems, laundry hookups, and included kitchen appliances.

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    Duplex with Screened Porches
    Duplex with Screened Porches

    733-735 LONGFELLOW Boulevard, Lakeland, FL 33801

    $329,000
    1,760 sqft 0.19 AC lot

    Two independent homes offer a mix of existing short-term rental operation and month-to-month occupancy.

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    Four-Unit Residential Income Property
    Four-Unit Residential Income Property

    2220 N GALLOWAY ROAD, Lakeland, FL 33810

    $650,000
    3,741 sqft

    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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    Renovated Duplex with Private Patios
    Renovated Duplex with Private Patios

    907 N WABASH AVE, Lakeland, FL 33815

    $279,000
    1,480 sqft 0.20 AC lot

    Two residences share a 0.2-acre parcel with separate outdoor spaces, expansive driveway parking, and current short-term rental use.

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    Lakeland, FL Multifamily Properties Market Trends and Statistics

    Explore 74 multifamily properties for sale in Lakeland, FL, showcased through 74 active listings on our real estate platform. These investment opportunities span a total of 177,196 square feet of properties for sale, with an estimated market value of $39,437,067.

    Sale prices for multifamily properties in Lakeland, FL start at $115,000, averaging $588,612, and reaching up to $6,600,000 — 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

    Duplexes 45
    Apartment buildings 13
    Quadplexes 13
    Short term rental properties 5
    Mobile home & RV parks 3

    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
    33811 $239.9K
    33809 $271.7K
    33813 $300K
    33810 $386.2K
    33803 $401.4K

    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)

    Average Property Price per SF

    For-sale Residential Income pricing trends in Polk County

    Residential Income

    How Realmo verifies these figures

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    Browse Multifamily properties for Sale Near Lakeland, FL

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    Most Searched ZIP Codes in Lakeland, FL

    • 33801
    • 33815
    • 33805
    • 33803
    • 33809
    • 33810
    • 33813

    Featured Lakeland Real Estate Agencies

    Realmo connects you with licensed Lakeland CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Smart Realty of Polk Inc dba Keller Williams Realty
    218 E Pine St Lakeland, FL 33801
    Phone: 18635771234
    www.KWPolk.com
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