Single Family Residence at 1235 MORGAN DR, LAKELAND
Single Family Residence at 1235 MORGAN DR, LAKELAND, photo 2 of 9
Single Family Residence at 1235 MORGAN DR, LAKELAND, photo 3 of 9
Single Family Residence at 1235 MORGAN DR, LAKELAND, photo 4 of 9
Single Family Residence at 1235 MORGAN DR, LAKELAND, photo 5 of 9
Single Family Residence at 1235 MORGAN DR, LAKELAND, photo 6 of 9
Single Family Residence at 1235 MORGAN DR, LAKELAND, photo 7 of 9
Single Family Residence at 1235 MORGAN DR, LAKELAND, photo 8 of 9
Single Family Residence at 1235 MORGAN DR, LAKELAND, photo 9 of 9
9 photos

$225,000

1235 MORGAN DR
LAKELAND, FL 33801
Listed by Bradley Dreher · GRAYSTONE REAL ESTATE
Bedrooms
4
Bathrooms
2
Living area
1,146 sqft
Year built
1958

About this home

Producing 3 bed / 2 bath home in central Lakeland's Combee Settlement area, currently leased through 07/31/2027 at $1,875/month (plus tenant pays for a $60 benefits package). Built 1958, 1,146 sqft. The 3/2 configuration is the gold standard in single-family rental, commanding top-of-market rent and longer average tenancy. List $225,000 / estimated ARV $275,000, providing strong equity-capture margin. Lease expiration aligns with peak Florida leasing season for an ideal renewal or rent-reset window. Lakeland sits dead center in the I-4 growth corridor between Tampa and Orlando, one of Florida's strongest appreciation paths. Photo disclosure: Listing photos were taken prior to current tenant occupancy and may not reflect the property's present condition. Showings by appointment with required notice to tenant. Buyer and buyer's agent to verify all material facts. Sellers have never occupied this property.

Property details

MLS #
MFRTB8501961
Property type
Single Family Residence
Subdivision
WOODLAND ESTATES
Status
Active
Days on market
132
On market date
May 2, 2026
Stories
N/A
Total bathrooms
2
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.17 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
COMBEE ACADEMY OF DESIGN AND ENGINEERING
0.2 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
569
Student:teacher ratio
13.5:1
District
POLK
Middle
CRYSTAL LAKE MIDDLE SCHOOL
2.17 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
948
Student:teacher ratio
18.6:1
District
POLK
High
ECKERD CONNECTS
0.3 mi away · Grades 6-12
Nearest school -- attendance-zone data not available here
Not yet rated
Local Score not yet available for this school
Enrollment
20
District
POLK

Walkability

Blended score for LAKELAND's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

83
Highly walkable
out of 100
EPA National Walkability Index
15.0 / 20 -- Above average walkable
Google Places amenity density
95 / 100
Restaurants & cafes20
Grocery stores6
Parks2
Schools3
Transit stops20
Pharmacies5

Market position

How this listing compares to current activity in LAKELAND, from live MLS data.

On the market 132 days -- 52 more days than LAKELAND's current average of 80 days.
For reference, the median list price across 1,729 active listings in LAKELAND right now is $309,900.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$1,505/mo
$45,000 down
$180,000 loan
Principal & interest$1,167
Property tax (est.)$188
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated 11 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.