118 S Waterloo Avenue, Lakeland, FL 33801
Local realty services provided by:Better Homes and Gardens Real Estate Lifestyles Realty
Listed by: marilyn davis
Office: tfp florida realty llc.
MLS#:L4965938
Source:MFRMLS
Price summary
- Price:$535,000
- Price per sq. ft.:$221.81
About this home
RARE OPPORTUNITY IN THE HEART OF DOWNTOWN LAKELAND! Historic charm meets investment potential in this distinctive 1917 duplex offering approximately 2,412 square feet PER PUBLIC RECORS, multi-family zoning, and NO HOA! Whether you're looking to expand your investment portfolio or live in one unit while renting out the other, this property offers exceptional versatility in a sought-after downtown location.
Built with cedar wood framing, this charming property features two separate living units. The first-floor unit offers 2 bedrooms, 1 bathroom, beautiful real wood flooring, a kitchen with granite countertops, and a flexible bonus space with a washer and dryer, ideal for a family room, home office, or hobby area. The second-floor unit features 1 bedroom, 1 bathroom, and an additional multipurpose room, offering flexibility to suit a variety of needs. The upstairs unit also has its own gas and electric meters.
Step outside and discover one of this property's standout features: a spacious covered deck designed for outdoor living and entertaining! The outdoor kitchen features a farmhouse-style sink, cabinetry, a built-in grill, and a wine cooler, with the grill and wine cooler INCLUDED IN THE SALE! Whether hosting weekend gatherings or simply enjoying a quiet Florida evening, this inviting outdoor space is sure to impress. The front yard showcases distinctive landscaping with decorative stone and a variety of succulents, creating beautiful curb appeal with minimal lawn maintenance.
Additional highlights include a NEW ROOF installed in April 2025 and a first-floor water heater approximately 6 years old.
And let's talk about LOCATION! Just a short walk from scenic Lake Mirror, the beautiful 1.2-acre Hollis Garden, The Joinery artisan food hall, and Downtown Lakeland's vibrant selection of restaurants, shops, and entertainment. Enjoy the convenience of having some of the city's most popular destinations right outside your door!
BOTH UNITS WILL BE DELIVERED VACANT AT CLOSING, allowing the next owner the flexibility to move in, lease the units, or explore other permitted uses. With NO HOA, historic character, and an unbeatable downtown location, this is a unique opportunity you won't want to miss! Schedule your private showing today. Buyer and buyer's agent to verify square footage, measurements, zoning, and intended uses....
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Home facts
- Year built:1917
- Subdivision & Development:NICHOLS & WARING OR OZONE PARK
- Listing ID #:L4965938
- Added:5 day(s) ago
- Updated:October 22, 2026 at 11:11 PM
Rooms and interior
- Flooring:Ceramic Tile, Wood
- Kitchen Description:Range, Refrigerator
- Basement Description:Crawlspace
- Living area:2,412 sq. ft.
Heating and cooling
- Cooling:Central Air, Wall/Window Unit(s)
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1917
- Building area:2,412 sq. ft.
- Lot area:0.14 Acres
- Construction Materials:Frame, Stucco
- Exterior Features:Covered Porch/Patio, Deck, Outdoor Grill, Outdoor Kitchen, Patio, Porch, Rear Porch, Sidewalk
- Levels:Multi/Split Story
Utilities
- Water:Public
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$535,000
- Price per sq. ft.:$221.81
- Tax amount:$1,469 (2025)
Features and amenities
- Appliances:Electric Water Heater, Gas Water Heater, Range, Refrigerator
- Laundry features:Inside
- Amenities:Ceiling Fans(s), Natural Gas Connected
- Pool features:Public Pool
Parking
- Parking description:Parking Pad
- Garage:Yes
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