542 & 540 S CLAYTON AVENUE
Lakeland, FL, 33801 $ 525,000
Bedrooms6 Baths3.0 Sq 2,529 Monthly Estimate*
$ 3,315
for $525,000 with 6 bedrooms and 3 full baths. This 2,529 square foot home was built in 1953 on a lot size of 0.29.
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!
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FeaturesGeneralSewer Public Sewer
Heating Electric
Cooling Central Air
Utilities Cable Connected Electricity Connected
Roof Shingle
Appliances Electric Water Heater Microwave Range Refrigerator
Zoning RB-1
Garage Spaces 1
Construction Materials Block
Year Built 1953
Property Subtype Duplex
Tax Year 2025
Ownership Fee Simple
County Polk
New Construction false
Property Type Residential Income
Attached Garage true
Subdivision Name BILTMORE PARK SUB
Garage Y/N true
Status Active
Directions Use GPS
City LAKELAND
Senior Community Y/N false
MLS Area 33801 - Lakeland
Lot Size Units Square Feet
Lot Size Square Feet 12528
Carport Y/N false
Land Lease Y/N false
Tax Annual Amount 3319.35
Additional Parcels Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/stellar/L4963551
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 1
Legal Description BILTMORE PARK SUB PB 8 PG 41 BLK 3 LOT 1 LESS RD R/W & LOT 14
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
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InteriorInterior Amenities Ceiling Fan(s) Eating Space In Kitchen Window Treatments
Flooring Luxury Vinyl
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features In Garage Laundry Room
Total Bedrooms 6
Total Baths 3
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ExteriorExterior Amenities Outbuilding
Water Source Public
Lot Size Area 12528
Foundation Details Slab
Number of Buildings 3
Lot Dimensions 48.6 x 61
Lot Size Acres 0.29
Road Surface Type Asphalt
Private Pool false
Waterfront Y/N false
Covered Spaces 1
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* Excluded FeaturesList ByRegal Real Estate LlcBroker
debbie.regalrealestate@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,315
- Monthly Property Taxes
- $277
- 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.
Learn more about how to save NearbyMulti-family listings in Lakeland, FL
Average List Price $426,723
Percent of Sale Price 19%
About Lakeland, FL 108,488 Population
23% Since 2002
$ 42,582 Median Income
39.8 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/15/2026 | $525,000 | | Listed Price |