542 & 540 S CLAYTON AVENUE Lakeland, FL $ 525,000
542 & 540 S CLAYTON AVENUE
$ 525,000
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542 & 540 S CLAYTON AVENUE

Lakeland, FL, 33801
$ 525,000
Bedrooms6 Baths3.0 Sq 2,529

Monthly Estimate*

$ 3,315

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Multi-Family Home for sale in Lakeland, FL

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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Multi-Family Active

Price

$ 525,000

Bedrooms

6

Full Bath

3

Property Type

Multi-Family

Taxes

$ 3,319

Style

Duplex

Lot Size

0.29

Year Built

1953

Town/City

Lakeland

County/Region

Polk

MLS | Web ID

L4963551

Features
General
Sewer 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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Interior
Interior 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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Exterior
Exterior 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 Features
List By
Regal Real Estate Llc

Broker

debbie.regalrealestate@gmail.com

Email

Affordability Calculator

$3,591
Per Month
92%
8%
0%
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.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/15/2026$525,000 Listed Price

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542 & 540 S CLAYTON AVENUE, Lakeland, FL, 33801 is a Multi-Family Home for sale at $525,000 with 2,529 sqft and a lot size of 0.29. 542 & 540 S CLAYTON AVENUE has 6 bedrooms, 3.0 baths, and was built in 1953. The property's zip code is 33801 which is in Lakeland, FL