123 TARAWA STREET Lakeland, FL $ 274,999
123 TARAWA STREET
$ 274,999
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123 TARAWA STREET

Lakeland, FL, 33805
$ 274,999
Bedrooms4 Baths2.0 Sq 1,378

Monthly Estimate*

$ 1,716

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Single Family Home for sale in Lakeland, FL

for $274,999 with 4 bedrooms and 2 full baths. This 1,378 square foot home was built in 1951 on a lot size of 0.18.

Charming Remodeled Home with Strong Income Potential in Lakeland! Unlock the perfect blend of comfortable living and smart investment at 123 Tarawa St, Lakeland—a beautifully updated 4-bedroom, 2-bathroom property spanning 1,378 square feet of heated living space on a generous 0.18-acre lot in the desirable Lakeview Village subdivision. Priced at $274,999, this home offers an attractive income approach, making it ideal for homeowners seeking passive revenue streams or investors looking to maximize returns. The main residence is a cozy 3-bedroom, 1-bathroom haven with 948 square feet of modern updates, including sleek vinyl plank flooring, central air conditioning and heating, and a functional kitchen equipped with a cooktop, refrigerator, and more. Enjoy the convenience of an in-home laundry with washer and dryer, plus an open layout perfect for everyday living. But the real value lies in the detached Accessory Dwelling Unit (ADU)—a fully independent 1-bedroom, 1-bathroom guest suite with its own kitchen and 320 square feet of space. This versatile ADU opens up excellent passive income opportunities: rent it out long-term for steady monthly cash flow (estimated at $800–$1,200/month based on local market rates), use it for short-term rentals via platforms like Airbnb to capitalize on Lakeland's growing tourism, or even rent both the main house and ADU separately for maximized revenue potential—potentially generating over $3,000 in combined monthly income while covering your mortgage and building equity. Outside, the low-maintenance stucco exterior and shingle roof ensure durability, while the fully fenced yard provides privacy for pets, gardening, or relaxation, complete with a lush garden area and handy storage shed. Park with ease under the covered carport for up to 4 vehicles. With NO HOA FEES restricting your options, you'll have full flexibility to implement your rental strategy. Conveniently located near US-98 and I-4, this property offers quick access to shopping, dining, and entertainment, enhancing its appeal to tenants and owners alike. Offered vacant and as-is, this turnkey opportunity is ready for immediate occupancy or income generation. Don't miss out—schedule a showing today and start building your passive income portfolio!

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Single Family Pending

Price

$ 274,999

Bedrooms

4

Full Bath

2

Property Type

Single Family

Taxes

$ 7,228

Style

Single Family Residence

Lot Size

0.18

Year Built

1951

Town/City

Lakeland

County/Region

Polk

MLS | Web ID

S5131765

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities BB/HS Internet Available Cable Available Electricity Available Water Available
Roof Shingle
Appliances Cooktop Dryer Range Refrigerator Washer
Patio/Porch Features Covered
Construction Materials Stucco
Year Built 1951
Levels Multi/Split
Property Subtype Single Family Residence
Tax Year 2024
Ownership Fee Simple
County Polk
New Construction false
Property Type Residential
Subdivision Name SWANNANOA
Facing Direction North
Garage Y/N false
Other Structures Guest House
Total Rooms 7
Full Baths 2
Status Pending
Directions Merge onto I-4 E via the ramp toward Tampa/Orlando. Continue on I-4 E for about 32 miles. Take Exit 32 for US-98 N toward Lakeland. Merge onto US-98 N/S Bartow Rd and continue for about 3 miles. Turn left onto N Florida Ave. After 1.5 miles turn right onto W Memorial Blvd. In 0.5 miles turn left onto Tarawa St. Arrive at 123 Tarawa St Lakeland FL 33805
City LAKELAND
Senior Community Y/N false
MLS Area 33805 - Lakeland / Gibsonia
Lot Size Units Square Feet
Lot Size Square Feet 7919
Carport Spaces 4
Carport Y/N true
Listing Terms Cash Conventional FHA USDA Loan VA Loan
Property Attached Y/N true
Land Lease Y/N false
Tax Annual Amount 7228
Additional Parcels Y/N false
Lease Considered Y/N true
Virtual Tour https://listings.realbird.com/tour/J3J6N8B3/641996/1-2/123-Tarawa-ST-Lakeland-FL-33805
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Pending
Occupancy Type Vacant
Legal Description LAKEVIEW VILLAGE PB 34 PG 27 BLK 3 LOT 5
Minimum Lease No Minimum
Water Access Y/N false
ILS Total SQFT 320
ILS Under Air SQFT 320
Water View Y/N false
Flood Zone Code x
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Interior
Interior Amenities Ceiling Fan(s) Thermostat
Flooring Vinyl
Furnished Y/N Unfurnished
Air Conditioning Y/N true
Heating Y/N true
Window Features Blinds Insulated Windows
Fireplace Y/N false
Half Baths 0
Laundry Features Laundry Room Outside
Total Bedrooms 4
Total Baths 2
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Exterior
Exterior Amenities Garden Private Mailbox Storage
Fencing Fenced
Parking Features Covered
Water Source Public
Lot Size Area 7919
Foundation Details Slab
Spa false
Building Area Total 1378
Lot Size Acres 0.18
Road Surface Type Asphalt
Private Pool false
Waterfront Y/N false
Covered Spaces 4
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* Excluded Features
List By
Xl Realty, Llc

Broker

wxgrealestate@gmail.com

Email

Affordability Calculator

$2,318
Per Month
74%
26%
0%
Monthly Principal & Interest
$1,716
Monthly Property Taxes
$602
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/19/2025$274,999 Listed Price

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123 TARAWA STREET, Lakeland, FL, 33805 is a Single Family Home for sale at $274,999 with 1,378 sqft and a lot size of 0.18. 123 TARAWA STREET has 4 bedrooms, 2.0 baths, and was built in 1951. The property's zip code is 33805 which is in Lakeland, FL