Lakeland Florida Multi-Family for Sale

Lakeland Florida Multi-Family for Sale

$675,000
8 Beds 8 Baths O6434625 MLS
Investment Opportunity – 1962 Crystal Grove Drive **Fantastic investment opportunity!** This **4-unit multifamily building** offers an excellent opportunity for investors looking to add an income-producing property to their portfolio. Each unit features a desirable **2-bedroom, 2-bathroom layout**, providing comfortable living space and strong rental appeal. **Two of the four units are currently tenant occupied**, generating **$1,500 per month per occupied unit**, providing immediate rental income while leaving additional potential to maximize the property's overall income. The four-unit configuration offers flexibility for an investor looking to build long-term cash flow and benefit from the continued demand for rental housing. The property's location adds to its investment appeal, with convenient access to everyday shopping, restaurants, schools, parks, and major roadways. Residents can enjoy nearby outdoor recreation, including opportunities for walking, biking, fishing, boating, and exploring Florida's natural surroundings. The area also offers easy access to local entertainment, dining, and shopping, making it an attractive location for both current and future tenants. Nearby attractions and recreational destinations provide plenty of options for enjoying the Florida lifestyle. Whether you're an experienced investor or looking for your first multifamily investment, **1962 Crystal Grove Drive** presents an exciting opportunity with **four 2-bedroom, 2-bathroom units**, existing rental income, and additional potential to increase occupancy and cash flow. **Four units. Strong rental potential. Two units currently producing $1,500/month each. Don't miss this opportunity to add a versatile multifamily property to your investment portfolio!**

1962 Crystal Grove Drive, Lakeland

Listing courtesy of TRUDEALS REALTY CORP. 833-878-3325

$670,000
16 Beds 16 Baths O6433196 MLS
GREAT INCOME-PRODUCING INVESTMENT OPPORTUNITY IN THE HEART OF LAKELAND! Located at 901 Pennsylvania Ave, this well-positioned fourplex offers investors the opportunity to own a multi-family property in the highly desirable Lake Morton Historic District. The property consists of 4 spacious 1-bedroom, 1-bath units, each approximately 900 square feet, offering a highly rentable layout and strong long-term income potential. The property maintains much of its original Florida character, including original hardwood floors, solid wood doors, and charming architectural details rarely found in newer construction. Units also feature additional touches such as washer/dryer accommodations, sunrooms adding to their appeal and rental potential. LOCATION IS A MAJOR HIGHLIGHT. The property is conveniently situated near Florida Southern College, Lake Morton, Downtown Lakeland, the public library, museums, restaurants, shopping, entertainment, and major roadways. Its central location provides excellent access to many of Lakeland's most desirable destinations while placing tenants close to employment, education, recreation, and everyday conveniences. Whether you're looking to expand an existing rental portfolio, enter the multifamily investment market, or acquire a long-term income-producing asset, 901 Pennsylvania Ave offers an excellent combination of location, character, multiple rental units, and future income potential. 4 units. 1 property. Multiple income streams. A great opportunity to invest in one of Lakeland's established neighborhoods.

901 Pennsylvania Avenue, Lakeland

Listing courtesy of LIST-A-HOUSE REALTY, LLC. 954-292-4012

$850,000
8 Beds 4 Baths L4963370 MLS
Must-see historic Lakeland quadruplex in the sought-after South Lake Morton Historic District. This rare 1920s income-producing property blends timeless architectural character with thoughtful modern updates, offering an exceptional opportunity in one of Lakeland’s most desirable locations. Ideally situated near Lake Hollingsworth, this fully rented quadruplex provides steady rental income and strong long-term appeal. A brand-new roof was installed in March 2026, adding valuable peace of mind for the next owner. Each of the four units features two bedrooms and one bathroom, offering comfortable living spaces with abundant natural light, practical storage, and a welcoming atmosphere tenants will appreciate. Thoughtful updates include renovated kitchens with contemporary appliances, fresh interior paint, newer carpeting, individual refrigerators, ranges, water heaters, and air conditioning systems. All utilities are separately metered for efficient management and transparency. While updated for modern convenience, the property preserves its original charm with classic wall casing, crown molding, built-ins, and period details that reflect the character of Lakeland’s historic neighborhoods. Residents enjoy desirable amenities including separate washer and dryer hookups located outside the living areas, assigned covered carport parking, and private outdoor decks for each unit—perfect for relaxing or entertaining. The location further enhances the property’s appeal, placing residents just blocks from beloved local destinations such as Cob & Pen, Concord Coffee, The Peach House, Patio 850, and the scenic Lake Hollingsworth area. With its combination of historic character, modern updates, private outdoor spaces, covered parking, and a prime central Lakeland location, this quadruplex stands out as a compelling investment property. Opportunities like this are rare in the South Lake Morton Historic District. Don’t miss your chance to own a distinctive piece of Lakeland history with income potential and lasting appeal.

211 E Park Street, Lakeland

Listing courtesy of EXP REALTY LLC. 888-883-8509

$515,000
6 Beds 3 Baths L4963551 MLS
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!

542 & 540 S Clayton Avenue, Lakeland

Listing courtesy of REGAL REAL ESTATE LLC. 863-660-7927

$540,000
6 Beds 4 Baths TB8512308 MLS
Positioned in the heart of rapidly growing Lakeland, this fully remodeled income-producing duplex at 1134-1136 Gilmore Ave presents an exceptional opportunity for both seasoned investors and owner-occupants looking to offset living expenses with strong rental income potential. Built in 1988 and offering approximately 2,275 total square feet, this multi-family property features two spacious units, each thoughtfully designed with 3 bedrooms and 2 bathrooms — a highly desirable layout rarely found in duplex inventory throughout the area. Recent renovations throughout the property create a modern and attractive living environment with updated kitchens, refreshed bathrooms, stylish finishes, fresh interior paint, upgraded flooring, and bright open-concept living spaces that appeal to today’s tenants and buyers alike. Both units have functional floor plans with abundant natural light, comfortable bedroom sizes, in-unit laundry space, central heating and air conditioning, and private living areas designed for long-term tenant satisfaction and minimal maintenance concerns. Situated on a generous lot in an established neighborhood, the property benefits from convenient access to shopping, dining, parks, schools, medical facilities, and major transportation corridors including nearby access to I-4, making commuting to both Tampa and Orlando easily accessible. The property’s strong rental appeal, modern upgrades, and desirable unit mix make it an ideal addition to any investment portfolio while also providing flexibility for house hacking or multigenerational living. With continued growth throughout the Lakeland market and increasing demand for quality rental housing, this duplex offers immediate cash flow potential along with long-term appreciation upside. Whether you are seeking a stable performing asset, a low-maintenance multifamily investment, or a move-in-ready property with excellent income potential, this beautifully updated duplex checks all the boxes. Opportunities like this are becoming increasingly difficult to find in Central Florida — don’t miss your chance to own a fully renovated duplex with strong tenant appeal in one of Polk County’s fastest growing markets

1134-1136 Gilmore Avenue, Lakeland

Listing courtesy of IMPACT REALTY TAMPA BAY. 813-321-1200

$829,900
6 Beds 6 Baths L4961736 MLS
Brand New Hulbert Homes Duplex – Live in One, Rent the Other! Exceptional opportunity to own a newly constructed Hulbert Homes duplex offering quality craftsmanship, modern design, and outstanding income-producing potential in a highly desirable in-town Lakeland location. Whether you are looking to offset your mortgage with rental income or expand your investment portfolio, this property offers flexibility, functionality, and long-term value. Each spacious two-story unit offers approximately 1,808 heated square feet with thoughtfully designed layouts and stylish finishes throughout. While each side features a slightly different floorplan, both offer an open and inviting design perfect for everyday living and entertaining. The first floor showcases a spacious great room and dining area with soaring 10-foot ceilings, creating a light, bright, and open feel. The kitchens are designed with both style and function in mind, featuring large center islands, stainless steel appliance packages, quartz countertops, abundant cabinetry, walk-in pantries, and convenient access to the inside laundry room. A downstairs powder bath and covered lanai add additional comfort and convenience. All bedrooms are privately located upstairs, including spacious owner’s suites featuring walk-in closets, double sink vanities with quartz countertops, private water closets, and walk-in showers. Hulbert Homes’ signature quality craftsmanship and attention to detail are evident throughout both residences. Enjoy the peace of mind and energy efficiency that comes with new construction, along with low-maintenance living and excellent rental potential. Live in one side while generating income from the other, or lease both units for maximum return. Ideally located near Downtown Lakeland, residents can enjoy easy access to local lakes, parks, recreational areas, shopping, dining, and everything Lakeland has to offer. Conveniently located near Florida Southern College and Southeastern University, with quick access throughout

1031 E Lime Street, Lakeland

Listing courtesy of EXP REALTY LLC. 888-883-8509

$325,000
6 Beds 3 Baths L4960619 MLS
Turnkey multi-unit investment with $2,800+ monthly income—two homes on one lot in a prime Lakeland location. Welcome to 2249 & 2253 Golfview Street, a rare income-producing property in Lakeland featuring two separate residences on one spacious, fully fenced lot. This is an ideal opportunity for investors seeking strong cash flow, long-term tenant stability, and a prime Central Florida location. The first residence at 2249 Golfview Street is a well-maintained 3-bedroom, 2-bath mobile home offering approximately 1,224 square feet of living space, complete with updated flooring throughout. The second residence at 2253 Golfview Street is a 3-bedroom, 1-bath wood frame home with approximately 858 square feet, along with an additional outbuilding that provides excellent potential for storage, workshop use, or flex space. Both units are currently tenant-occupied with long-term renters in place, providing immediate and consistent rental income. Combined rental income is approximately $2,830 per month, making this property well-suited for investors utilizing DSCR (Debt Service Coverage Ratio) financing or those looking to expand their rental portfolio with a stabilized, income-generating asset. The dual-residence layout offers diversified income streams and helps reduce vacancy risk. The large fenced-in lot adds significant value, offering privacy, flexibility, and functional outdoor space for tenants. With two separate homes on one parcel, this property presents a unique opportunity for multi-unit investment in one of Central Florida’s fastest-growing areas. Ideally located in Lakeland, this property offers convenient access to I-4, making commuting to Tampa and Orlando seamless. It is just minutes from downtown Lakeland, Lakeland Linder International Airport, shopping, dining, medical facilities, and local colleges including Florida Southern College and Southeastern University. Whether you are searching for a Lakeland investment property, duplex-style rental, multi-unit income property, or a high-performing addition to your Central Florida real estate portfolio, this opportunity delivers immediate cash flow with long-term upside potential.

2253 & 2249 Golfview Street, Lakeland

Listing courtesy of REMAX EXPERTS. adockery@remax.net

Start Your Search

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now and updated as of . Real estate listings held by brokerage firms other than Coldwell Banker Realty are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s).
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information provided is deemed reliable but is not guaranteed and should be independently verified. © 2026 MLS Now. All Rights Reserved.

Lakeland Florida Multi-Family

Search all Multi-Family in Lakeland Florida. These Lakeland Multi-Family property details include large photos, local school info, tours, maps, street view and more in Lakeland FL.

Call or Text (239) 880-8873 to schedule a showing on any Lakeland Florida Multi-Family Today!