115 EMMA STREET Lakeland, FL $ 399,000
115 EMMA STREET
$ 399,000
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115 EMMA STREET

Lakeland, FL, 33815
$ 399,000
Bedrooms7 Baths5.0 Sq 2,696

Monthly Estimate*

$ 2,519

115 EMMA STREET, Lakeland, FL 33815 - Image 1
115 EMMA STREET, Lakeland, FL 33815 - Image 2
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115 EMMA STREET, Lakeland, FL 33815 - Image 5
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115 EMMA STREET, Lakeland, FL 33815 - Image 9
115 EMMA STREET, Lakeland, FL 33815 - Image 10

Multi-Family Home for sale in Lakeland, FL

for $399,000 with 7 bedrooms and 5 full baths. This 2,696 square foot home was built in 1900 on a lot size of 0.1.

Don’t miss this exceptional redevelopment and income-producing opportunity in the rapidly growing Lakeland market. Situated on a single parcel, this property consists of three total residential units across two separate buildings: * One duplex with separate electric meters for each unit. * One detached single-family home. Included with the sale are professionally completed Mechanical, Electrical, and Plumbing (MEP) plans, providing a significant head start for redevelopment and substantially reducing the time and expense required before construction. Proposed Redevelopment Plans * Detached Single-Family Home: Reconfigured into a modern 3-bedroom, 2-bathroom residence. * Duplex: Complete redesign into two expansive 5-bedroom, 3-bathroom units, creating a total of 13 bedrooms and 8 bathrooms across the property. The proposed layouts maximize rental potential while incorporating modern floor plans, updated building systems, and efficient use of space. Whether your strategy is traditional multifamily rentals, co-living, workforce housing, or another high-income rental model, this property offers exceptional flexibility. Located just minutes from downtown Lakeland with convenient access to Interstate 4, the property benefits from strong rental demand while offering easy access to both Tampa and Orlando.

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Multi-Family Active

Price

$ 399,000

Bedrooms

7

Full Bath

5

Property Type

Multi-Family

Taxes

$ 1,903

Style

Triplex

Lot Size

0.1

Year Built

1900

Town/City

Lakeland

County/Region

Polk

MLS | Web ID

O6421108

Features
General
Sewer Other
Heating None
Cooling None
Utilities Other
Roof Shingle
Zoning RA-4
Construction Materials Other
Year Built 1900
Property Subtype Triplex
Tax Year 2025
Ownership Fee Simple
County Polk
New Construction false
Property Type Residential Income
Subdivision Name PATTERSON & COX SUB
Garage Y/N false
Status Active
Directions turn right onto FL-33 North toward Lakeland Continue on FL-33 North for 2.5 miles.Turn left onto US-98 / North Florida Avenue.Continue for 0.3 miles.Turn right onto Emma Street.Continue for 1.1 miles.will be 150 feet ahead on your right.
City LAKELAND
Senior Community Y/N false
MLS Area 33815 - Lakeland
Lot Size Units Square Feet
Lot Size Square Feet 4552
Carport Y/N false
Land Lease Y/N false
Tax Annual Amount 1903.31
Property Condition Fixer
Additional Parcels Y/N false
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 7
Legal Description PATTERSON & COX SUB PB 1 PG 60 BLK 8 LOT 7 E1/2
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
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Interior
Interior Amenities Ninguno
Air Conditioning Y/N false
Heating Y/N false
Fireplace Y/N false
Laundry Features Other
Total Bedrooms 7
Total Baths 5
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Exterior
Exterior Amenities Other
Water Source See Remarks
Lot Size Area 4552
Foundation Details Other
Number of Buildings 2
Lot Dimensions 62 x 73
Lot Size Acres 0.1
Road Surface Type Gravel
Private Pool false
Waterfront Y/N false
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* Excluded Features
List By
bluelighthouserealty@gmail.com

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Affordability Calculator

$2,678
Per Month
94%
6%
0%
Monthly Principal & Interest
$2,519
Monthly Property Taxes
$159
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
7/1/2026$399,000 Listed Price

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115 EMMA STREET, Lakeland, FL, 33815 is a Multi-Family Home for sale at $399,000 with 2,696 sqft and a lot size of 0.1. 115 EMMA STREET has 7 bedrooms, 5.0 baths, and was built in 1900. The property's zip code is 33815 which is in Lakeland, FL