303 W 5th Street, Lakeland, FL 33805

Lakeland
Local realty services provided by:Better Homes and Gardens Real Estate Atchley Properties
303 W 5th Street,Lakeland, FL 33805
$385,000
Virtual Tour
  • 5 Beds
  • 3 Baths
  • 1,928 sq. ft.
  • Single family
  • Pending
Listed by: talia cruz martinez
Office: home prime realty llc.
MLS#:TB8531497
Source:MFRMLS

Price summary

  • Price:$385,000
  • Price per sq. ft.:$199.69

About this home

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!

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Home facts

  • Year built:1947
  • Subdivision & Development:WASHINGTON PARK
  • Listing ID #:TB8531497
  • Added:59 day(s) ago
  • Updated:September 20, 2026 at 12:28 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:3
  • Full bathrooms:3
  • Flooring:Carpet, Ceramic Tile, Laminate
  • Kitchen Description:Microwave, Range, Refrigerator, Solid Surface Counters
  • Bedroom Description:Split Bedroom
  • Living area:1,928 sq. ft.

Heating and cooling

  • Cooling:Central Air, Mini-Split Unit(s)
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:1947
  • Building area:1,928 sq. ft.
  • Lot area:0.13 Acres
  • Construction Materials:Block, Stucco
  • Exterior Features:Sidewalk
  • Foundation Description:Slab
  • Levels:1 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$385,000
  • Price per sq. ft.:$199.69
  • Tax amount:$3,378 (2025)

Features and amenities

  • Appliances:Microwave, Range, Refrigerator
  • Laundry features:Inside
  • Amenities:BB/HS Internet Available, Ceiling Fans(s), Solid Surface Counters, Split Bedroom
  • Pool features:Public Pool
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