Fully leased four-unit investment opportunity near Downtown Lakeland! Located at 902-904 E Lime Street, this income-producing property features four residential units, each offering 1 bedroom, 1 bathroom, a kitchen, and living area. Two units are located within the main residence, with two additional units situated in the detached rear building, creating a unique multifamily configuration with separation between the structures.
All four units are currently leased and generate approximately $4,450 per month in gross rental income. The owner currently pays utilities, averaging approximately $634 per month, providing prospective investors with established income and operating history from day one. The property has also demonstrated a strong history of occupancy; prior marketing materials report that it maintained full occupancy for more than a decade.
Situated in the Downtown Lakeland area, the property offers convenient access to shopping, dining, employment centers, major roadways, and the amenities of Lakeland’s urban core.
With 100% current occupancy, $53,400 in annual gross rental income based on current rents, and four self-contained living units, this is an opportunity to acquire an established multifamily property in a central Lakeland location. Please do not disturb tenants. Showings by appointment only. Buyer to verify all measurements, unit information, leases, income, expenses, zoning, and property details.
Listing Courtesy of: CENTURY 21 MYERS REALTY
863-875-5656
| Listing Id: | L4965488 |
|---|---|
| List Price: | $499,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Quadruplex |
| Status: | Active |
| Living Area: | 2,048 |
| Tax Annual Amount: | $2,187 |
| Lot Size Square Feet: | 10,001 |
| Lot Size Acres: | 0.23 |
| Waterfront?: | No |
| City: | Lakeland |
| County Or Parish: | Polk |
| Subdivision Name: | Mortons Add |
| Postal Code: | 33801 |
| Year Built: | 1948 |
| Appliances: | Microwave, Range, Refrigerator |
| Building Area Source: | Public Records |
| Building Area Total: | 2803 |
| Building Area Units: | Square Feet |
| Foundation Details: | Crawlspace |
| Construction Materials: | Frame |
| Cooling: | Mini-Split Unit(s) |
| Directions: | From I4, take exit 33 for CR-582 toward FL-33/Lakeland. Turn left onto N Socrum Loop Rd. Turn right onto FL-33 S. Continue straight onto N Massachusetts Ave. Use the left 2 lanes to turn left onto Bartow Rd. Turn right onto E Lime St. Destination will be on the right |
| Elementary School: | Philip OBrien Elementary |
| Exterior Features: | Fence, Sidewalk |
| Flooring: | Carpet, Ceramic Tile, Laminate |
| Furnished: | Unfurnished |
| Heating: | Propane |
| High School: | Lakeland Senior High |
| Interior Features: | Ceiling Fans(s) |
| Laundry Features: | Common Area, Electric Dryer Hookup, Washer Hookup |
| Lease Term: | Twelve Months |
| Levels: | One |
| Listing Contract Date: | 2026-10-01 |
| Ownership: | Fee Simple |
| Living Area Source: | Public Records |
| Living Area Units: | Square Feet |
| Lot Features: | Historic District, City Limits, Sidewalk, Paved |
| Lot Size Acres: | 0.23 |
| Lot Size Dimensions: | 50x200 |
| Postal Code Plus4: | 5450 |
| Middle Or Junior School: | Sleepy Hill Middle |
| MLS Area Major: | 33801 - Lakeland |
| MLS Area Major: | 33801 - Lakeland |
| Original List Price: | $499,000 |
| Parcel Number: | 24-28-18-205000-007212 |
| Parking Features: | Driveway, Ground Level, Off Street, Parking Pad |
| Patio And Porch Features: | Enclosed, Front Porch |
| Pets Allowed: | Cats OK, Dogs OK |
| Township: | 28 |
| Road Surface Type: | Paved |
| Roof: | Shingle |
| Tax Year: | 2025 |
| Security Features: | Smoke Detector(s) |
| Sewer: | Public Sewer |
| Special Listing Conditions: | None |
| State Or Province: | FL |
| Total Actual Rent: | $4,450 |
| Financial Data Source: | Owner |
| Utilities: | BB/HS Internet Available, Cable Available, Electricity Connected, Propane, Public, Sewer Connected, Water Connected |
| Water Source: | Public |
| Property Condition: | Completed |
| Public Survey Range: | 24 |
| Public Survey Section: | 18 |
| Zoning: | MF-22 |
| Possession: | Close Of Escrow |
| Window Features: | Blinds |
| Alternate Key Folio Num: | 242818205000007212 |
| Annual Expenses: | 7600 |
| Annual Net Income: | 53400.00 |
| Association Approval Required Yn: | No |
| Available For Lease Yn: | Yes |
| Building Area Total Srch Sq M: | 260.41 |
| Calculated List Price By Calcula: | 243.65 |
| Cddyn: | No |
| Dprurl: | https://www.workforce-resource.com/dpr/listing/MFRMLS/L4965488?w=Agent&skip_sso=true |
| Dprurl 2: | https://www.workforce-resource.com/dpr/listing/MFRMLS/L4965488?w=Customer |
| Dpryn: | Yes |
| Flood Zone Code: | X |
| Flood Zone Date: | 2016-12-22 |
| Flood Zone Panel: | 12105C0315G |
| Green Verification Count: | 0 |
| Homestead Yn: | No |
| Lease Restrictions Yn: | No |
| Listing Exclusion Yn: | No |
| Living Area Meters: | 190.27 |
| Lot Size Square Meters: | 929 |
| Minimum Lease: | No Minimum |
| Num Of Own Years Prior To Lse: | 0 |
| Planned Unit Development Yn: | No |
| Realtor Info: | As-Is |
| Sdeo yn: | No |
| Terms Of Lease: | Gross Lease |
| Total Acreage: | 0 to less than 1/4 |
| Total Monthly Expenses: | 634 |
| Total Num Buildings: | 1 |
| Unit Number Yn: | No |
| Water Access Yn: | No |
| Water Extras Yn: | No |
| Water View: | No |
| Yrs Of Owner Prior To Leasing Re: | 0 |
| Association 2 Yn: | 0 |
| Attribution Contact: | 863-875-5656 |
| Originating System Name : | Stellar MLS |
| Green Energy Generation Yn: | No |
Mortgage Calculator
Copyright 2026 My Florida Regional MLS DBA Stellar MLS. All rights reserved. Information deemed reliable but is not guaranteed. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of My Florida Regional MLS DBA Stellar MLS. Real estate listings held by brokerage firms other than the owner of this page include the name of the listing broker. Information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This site will be monitored for 'scraping' and any use of search facilities of data on the site other than by a consumer looking to purchase real estate is prohibited. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on October 08, 2026 06:32 PM - ET
Based on information submitted to the MLS GRID as of October 08, 2026 06:32 PM - ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Some listings have been excluded from this website.
IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
Property Last Updated: October 08, 2026 06:32 PM - ET
