303 W 5TH STREET Lakeland, FL $ 390,000
303 W 5TH STREET
$ 390,000
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303 W 5TH STREET

Lakeland, FL, 33805
$ 390,000
Bedrooms5 Baths3.0 Sq 1,928

Monthly Estimate*

$ 2,463

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Single Family Home for sale in Lakeland, FL

for $390,000 with 5 bedrooms and 3 full baths. This 1,928 square foot home was built in 1947 on a lot size of 0.13.

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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Single Family Active

Price

$ 390,000

Bedrooms

5

Full Bath

3

Property Type

Single Family

Taxes

$ 3,378

Style

Single Family Residence

Lot Size

0.13

Year Built

1947

Town/City

Lakeland

County/Region

Polk

MLS | Web ID

TB8531497

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air Mini-Split Unit(s)
Utilities BB/HS Internet Available Electricity Connected
Roof Shingle
Appliances Range Refrigerator
Zoning RA-4
Construction Materials Block Stucco
Year Built 1947
Levels One
Property Subtype Single Family Residence
Tax Year 2025
Ownership Fee Simple
County Polk
New Construction false
Property Type Residential
Subdivision Name WASHINGTON PARK
Facing Direction East
Garage Y/N false
Total Rooms 10
Full Baths 3
Status Active
Directions If you're heading south on US-98 (N Florida Ave) in Lakeland turn right to head west on W 5th St. The property will be on your right on the corner of W 5th St and N New York Ave.
City LAKELAND
Senior Community Y/N false
MLS Area 33805 - Lakeland / Gibsonia
Lot Size Units Square Feet
Lot Size Square Feet 5863
Carport Y/N false
Land Lease Y/N false
Tax Annual Amount 3378
Additional Parcels Y/N false
Lease Considered Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8531497
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot 8
Legal Description WASHINGTON PARK PB 1 PG 99 BLK 13 LOT 8
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
In Law Suite YN true
In Law Suite Description 2+ Bathrooms 2+ Bedrooms
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Interior
Interior Amenities Ceiling Fan(s) Solid Surface Counters Split Bedroom
Flooring Carpet Ceramic Tile
Furnished Y/N Unfurnished
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Half Baths 0
Laundry Features Inside
Total Bedrooms 5
Total Baths 3
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Exterior
Exterior Amenities Private Entrance Sidewalk
Water Source Public
Lot Size Area 5863
Foundation Details Slab
Building Area Total 1928
Lot Size Acres 0.13
Road Surface Type Asphalt
Private Pool false
Waterfront Y/N false
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* Excluded Features
List By
real.taliacruz@gmail.com

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Affordability Calculator

$2,744
Per Month
90%
10%
0%
Monthly Principal & Interest
$2,463
Monthly Property Taxes
$282
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
7/22/2026$390,000 Listed Price

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303 W 5TH STREET, Lakeland, FL, 33805 is a Single Family Home for sale at $390,000 with 1,928 sqft and a lot size of 0.13. 303 W 5TH STREET has 5 bedrooms, 3.0 baths, and was built in 1947. The property's zip code is 33805 which is in Lakeland, FL