4 bedroom 2 bath home - 542 & 540 S CLAYTON AVE, LAKELAND
Living Room - 542 & 540 S CLAYTON AVE, LAKELAND
Living Room - 542 & 540 S CLAYTON AVE, LAKELAND
Family Room - 542 & 540 S CLAYTON AVE, LAKELAND
Kitchen - 542 & 540 S CLAYTON AVE, LAKELAND
Kitchen - 542 & 540 S CLAYTON AVE, LAKELAND
Kitchen - 542 & 540 S CLAYTON AVE, LAKELAND
Bedroom 1 - 542 & 540 S CLAYTON AVE, LAKELAND
Bedroom 2 - 542 & 540 S CLAYTON AVE, LAKELAND
Bedroom 3 - 542 & 540 S CLAYTON AVE, LAKELAND
Bedroom 4 - 542 & 540 S CLAYTON AVE, LAKELAND
Duplex at 542 & 540 S CLAYTON AVE, LAKELAND, photo 12 of 28
Duplex at 542 & 540 S CLAYTON AVE, LAKELAND, photo 13 of 28
Laundry Room - 542 & 540 S CLAYTON AVE, LAKELAND
2 bedroom 1 bath home - 542 & 540 S CLAYTON AVE, LAKELAND
Living Room - 542 & 540 S CLAYTON AVE, LAKELAND
Bedroom 1 - 542 & 540 S CLAYTON AVE, LAKELAND
Bedroom 2 - 542 & 540 S CLAYTON AVE, LAKELAND
Kitchen - 542 & 540 S CLAYTON AVE, LAKELAND
Duplex at 542 & 540 S CLAYTON AVE, LAKELAND, photo 20 of 28
Garage - 542 & 540 S CLAYTON AVE, LAKELAND
Storage room in garage - 542 & 540 S CLAYTON AVE, LAKELAND
Duplex at 542 & 540 S CLAYTON AVE, LAKELAND, photo 23 of 28
Detached storage room - 542 & 540 S CLAYTON AVE, LAKELAND
Storage room - 542 & 540 S CLAYTON AVE, LAKELAND
Duplex at 542 & 540 S CLAYTON AVE, LAKELAND, photo 26 of 28
Duplex at 542 & 540 S CLAYTON AVE, LAKELAND, photo 27 of 28
1/2 bath in storage room - 542 & 540 S CLAYTON AVE, LAKELAND
28 photos

$499,900

542 & 540 S CLAYTON AVE
LAKELAND, FL 33801
Listed by Debbie Ward-Terry · REGAL REAL ESTATE LLC
Bedrooms
6
Bathrooms
N/A
Living area
2,529 sqft
Year built
1953

About this home

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!

Property details

MLS #
MFRL4963551
Property type
Duplex
Subdivision
BILTMORE PARK SUB
Status
Active
Days on market
47
On market date
July 15, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
1
Parking spaces
N/A
Lot size
0.29 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
PHILIP O'BRIEN ELEMENTARY SCHOOL
0.14 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
617
Student:teacher ratio
16.7:1
District
POLK
MiddleCharter
LAKELAND MONTESSORI MIDDLE SCHOOL
0.43 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
25
Student:teacher ratio
8.3:1
District
POLK
High
LAKELAND SENIOR HIGH SCHOOL
0.23 mi away · Grades 9-12
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
2,005
Student:teacher ratio
18.2:1
District
POLK

Walkability

Blended score for LAKELAND's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

86
Highly walkable
out of 100
EPA National Walkability Index
16.0 / 20 -- Most walkable
Nearby-amenity density
95 / 100
Restaurants & cafes20
Grocery stores7
Parks20
Schools20
Transit stops20
Pharmacies1

Market position

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

On the market 47 days -- 30 fewer days than LAKELAND's current average of 77 days.
For reference, the median list price across 1,652 active listings in LAKELAND right now is $310,000.

Mortgage calculator

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

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Est. monthly payment
$3,160/mo
$99,980 down
$399,920 loan
Principal & interest$2,594
Property tax (est.)$417
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated 24 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.