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506 S WESTGATE AVENUE Lakeland, FL $ 249,000
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$ 249,000 Get more info
506 S WESTGATE AVENUE
$ 249,000
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506 S WESTGATE AVENUE

Lakeland, FL, 33815
$ 249,000
Bedrooms4 Baths2.0 Sq 1,813

Monthly Estimate*

$ 1,572

506 S WESTGATE AVENUE, Lakeland, FL 33815 - Image 1
506 S WESTGATE AVENUE, Lakeland, FL 33815 - Image 2
506 S WESTGATE AVENUE, Lakeland, FL 33815 - Image 3
506 S WESTGATE AVENUE, Lakeland, FL 33815 - Image 4
506 S WESTGATE AVENUE, Lakeland, FL 33815 - Image 5
506 S WESTGATE AVENUE, Lakeland, FL 33815 - Image 6
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Multi-Family Home for sale in Lakeland, FL

for $249,000 with 4 bedrooms and 2 full baths. This 1,813 square foot home was built in 1979 on a lot size of 0.16.

INVESTMENT OPPORTUNITY NEAR DOWNTOWN LAKELAND! This cement-block duplex features two 2-bedroom, 1-bath units, each offering more than 900 square feet of living area. Both units are currently rented, providing immediate rental income for the new owner. Additional highlights include fenced yards and new roof shingles, fascia and soffits completed in 2026. The property also provides ample off-street parking with six designated spaces. Conveniently located near downtown Lakeland with easy access to shopping, dining, employment and major roadways. Priced below market at $249,000. This income-producing property offers an excellent opportunity to add a solid rental property to your investment portfolio. The rents are below normal rents in the area. The rents in the community range in the $1100 to $1400 per side unit. PLEASE CALL TODAY FOR ADDITIONAL INFORMATION!!

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Multi-Family Active

Price

$ 249,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 2,020

Style

Duplex

Lot Size

0.16

Year Built

1979

Town/City

Lakeland

County/Region

Polk

MLS | Web ID

L4964553
Features
General
Sewer Public Sewer
Heating Central Electric
Cooling Central Air
Utilities Cable Connected Electricity Connected Sewer Connected Water Connected
Possession Close Of Escrow
Roof Shingle
Appliances Electric Water Heater Range Range Hood
Zoning RB-2
HOA Fee 0
Construction Materials Block Concrete
Pets Allowed No
Year Built 1979
Tenant Pays Electricity Sewer Water
Property Subtype Duplex
Tax Year 2025
Ownership Fee Simple
Gross Income 14820
County Polk
New Construction false
Property Type Residential Income
Attached Garage false
Subdivision Name WESTGATE
Garage Y/N false
Status Active
Directions Main St to traffic circle continue straight onto west main turn right on Olive St to left on Westgate to duplex on your right
High School Kathleen High
City LAKELAND
Senior Community Y/N false
MLS Area 33815 - Lakeland
Lot Size Units Square Feet
Lot Size Square Feet 6791
Carport Y/N false
Listing Terms Cash Conventional
Elementary School Rosabelle W. Blake
Property Attached Y/N true
Land Lease Y/N false
Tax Annual Amount 2020
Property Condition Completed
Ok to Lease 12 Months
Additional Parcels Y/N false
Lease Considered Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/L4964553
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot 36
Total Actual Rent 1235
Legal Description WESTGATE PB 10 PG 23 BLK 10 LOTS 36 & S 20 FT OF 37
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
DockY/N false
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Interior
Interior Amenities Ceiling Fan(s)
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Electric Dryer Hookup Laundry Closet Washer Hookup
Total Bedrooms 4
Total Baths 2
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Exterior
Exterior Amenities Fenced
Lot Features City Lot Near Golf Course Near Public Transit Sidewalk
Water Source Public
Lot Size Area 6791
Foundation Details Slab
Number of Buildings 1
Spa false
Building Area Total 1813
Lot Dimensions 60 x 113
Lot Size Acres 0.16
Road Surface Type Paved Asphalt
Private Pool false
Waterfront Y/N false
Number of Separate Water Meters 2
Number of Separate Electric Meters 2
Road Frontage Type Street Paved
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* Excluded Features
List By
Keller Williams Realty

Broker

joeclakeland@gmail.com

Email

Affordability Calculator

$1,741
Per Month
90%
10%
0%
Monthly Principal & Interest
$1,572
Monthly Property Taxes
$168
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
0 Elementary School
0 Middle School
Kathleen High High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/31/2026$249,000 Listed Price

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506 S WESTGATE AVENUE, Lakeland, FL, 33815 is a Multi-Family Home for sale at $249,000 with 1,813 sqft and a lot size of 0.16. 506 S WESTGATE AVENUE has 4 bedrooms, 2.0 baths, and was built in 1979. The property's zip code is 33815 which is in Lakeland, FL

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