Discover the perfect opportunity to live, invest, or generate rental income with this unique property featuring two beautifully remodeled homes and a 29′ x 22′ detached concrete block storage building on one lot. Whether you choose to live in one home and rent the other, or maximize your returns by leasing both, this property offers incredible flexibility. The larger residence features 4 bedrooms, 2 bathrooms, and 1,679 square feet of living space. Inside, you’ll find a spacious living room, separate family room, inside laundry, and a stunning new kitchen complete with new cabinetry, countertops, and appliances. Luxury vinyl plank flooring flows throughout the home, complemented by fresh interior paint and new ceiling fans. The second home offers 2 bedrooms, 1 bathroom, and includes a single-car garage with an adjoining storage/laundry room featuring washer and dryer hookups. Like the main home, it has been completely remodeled with luxury vinyl plank flooring, fresh paint, new ceiling fans, and a beautifully updated kitchen with new cabinets, countertops, and appliances. Adding even more value is the detached 29′ x 22′ concrete block storage building, complete with electricity and a half bath—ideal for a workshop, hobby space, business storage, or additional flex space. Conveniently located in the heart of Lakeland, this property is just a short walk to both Lake Hollingsworth and Lake Morton, offering easy access to scenic walking trails, parks, and all the charm of central Lakeland. Don’t miss this rare opportunity to own a move-in-ready, income-producing property in one of Lakeland’s most desirable locations!
Property Details
Price:
$515,000
MLS #:
L4963551
Status:
Active
Beds:
6
Baths:
3
Type:
Multi Family
Subtype:
Duplex
Subdivision:
BILTMORE PARK SUB
Neighborhood:
33801lakeland
Listed Date:
Jul 15, 2026
Finished Sq Ft:
2,529
Lot Size:
12,528 sqft / 0.29 acres (approx)
Year Built:
1953
See this Listing
Schools
Interior
Appliances
Electric Water Heater, Microwave, Range, Refrigerator
Cooling
Central Air
Flooring
Luxury Vinyl
Heating
Electric
Interior Features
Ceiling Fan(s), Eating Space In Kitchen, Window Treatments
Laundry Features
In Garage, Laundry Room
Exterior
Attached Garage YN
1
Construction Materials
Block
Covered Spaces
1
Exterior Features
Outbuilding
Garage Spaces
1
Roof
Shingle
Financial
Tax Year
2025
Taxes
$3,319
Map
Community
- Address542 & 540 S CLAYTON AVENUE LAKELAND FL
- SubdivisionBILTMORE PARK SUB
- CityLAKELAND
- CountyPolk
- Zip Code33801
Subdivisions in LAKELAND
Market Summary
Current real estate data for Multi Family in LAKELAND as of Aug 29, 2026
27
Multi Family Listed
93
Avg DOM
174
Avg $ / SqFt
$433,681
Avg List Price
Property Summary
- Located in the BILTMORE PARK SUB subdivision, 542 & 540 S CLAYTON AVENUE LAKELAND FL is a Multi Family for sale in LAKELAND, FL, 33801. It is listed for $515,000 To schedule a showing of MLS#l4963551 at 542 & 540 S CLAYTON AVENUE in LAKELAND, FL, contact your InvestPro Properties, Inc. agent at 561-203-7022.
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Courtesy of REGAL REAL ESTATE LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Orlando/Tampa – FL. Detailed information about real estate listings held by brokerage firms other than InvestPro Properties, Inc. include the name of the listing broker. Neither the listing company nor InvestPro Properties, Inc. shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Orlando/Tampa – FL. All rights reserved. 542 & 540 S CLAYTON AVENUE
LAKELAND, FL
