Under contract-accepting backup offers. Incredible income-producing property in Lakeland! Completely renovated from top to bottom with fresh paint, modern finishes, and all-new systems, this multi-unit property is a true turnkey investment.
Two Smart Ways to Buy: As an Owner-Occupant: Move right into the spacious main house (market value estimated at $2,000/month) while the two secondary units already generate steady income ($1,100/mo and $1,200/mo). The main house will be vacant in August, and the other units are secured with stable 1-year leases and deposits in place.
As a Pure Investor: Lease out the main house to maximize your cash flow, bringing the total gross monthly income to approximately $4,300/mo from day one.
Featuring a versatile layout, brand-new updates throughout, and a fantastic location, this high-return property offers endless flexibility and immediate results. Schedule your showing today!
Two Smart Ways to Buy: As an Owner-Occupant: Move right into the spacious main house (market value estimated at $2,000/month) while the two secondary units already generate steady income ($1,100/mo and $1,200/mo). The main house will be vacant in August, and the other units are secured with stable 1-year leases and deposits in place.
As a Pure Investor: Lease out the main house to maximize your cash flow, bringing the total gross monthly income to approximately $4,300/mo from day one.
Featuring a versatile layout, brand-new updates throughout, and a fantastic location, this high-return property offers endless flexibility and immediate results. Schedule your showing today!
Property Details
Price:
$385,000
MLS #:
TB8531497
Status:
Active Under Contract
Beds:
5
Baths:
3
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
WASHINGTON PARK
Neighborhood:
33805lakelandgibsonia
Listed Date:
Jul 22, 2026
Finished Sq Ft:
1,928
Total Sq Ft:
1,928
Lot Size:
5,863 sqft / 0.13 acres (approx)
Year Built:
1947
See this Listing
Schools
Interior
Appliances
Microwave, Range, Refrigerator
Bathrooms
3 Full Bathrooms
Cooling
Central Air, Mini-Split Unit(s)
Flooring
Carpet, Ceramic Tile, Laminate
Heating
Central
Interior Features
Ceiling Fan(s), Solid Surface Counters, Split Bedroom
Laundry Features
Inside
Levels
One
Exterior
Construction Materials
Block, Stucco
Direction Faces
East
Exterior Features
Private Entrance, Sidewalk
Roof
Shingle
Financial
Tax Year
2025
Taxes
$3,378
Map
Community
- Address303 W 5TH STREET LAKELAND FL
- SubdivisionWASHINGTON PARK
- CityLAKELAND
- CountyPolk
- Zip Code33805
Subdivisions in LAKELAND
Market Summary
Current real estate data for Single Family in LAKELAND as of Aug 29, 2026
1,202
Single Family Listed
98
Avg DOM
208
Avg $ / SqFt
$417,857
Avg List Price
Property Summary
- Located in the WASHINGTON PARK subdivision, 303 W 5TH STREET LAKELAND FL is a Single Family for sale in LAKELAND, FL, 33805. It is listed for $385,000 and features 5 beds, 3 baths, and has approximately 1,928 square feet of living space, and was originally constructed in 1947. The current price per square foot is $200. The average price per square foot for Single Family listings in LAKELAND is $208. The average listing price for Single Family in LAKELAND is $417,857. To schedule a showing of MLS#tb8531497 at 303 W 5TH STREET in LAKELAND, FL, contact your InvestPro Properties, Inc. agent at 561-203-7022.
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Courtesy of HOME PRIME REALTY 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. 303 W 5TH STREET
LAKELAND, FL