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Multi-Family 5+ at 214 N CHESTNUT RD #6, LAKELAND
Multi-Family 5+ at 214 N CHESTNUT RD #6, LAKELAND, photo 2 of 5
Multi-Family 5+ at 214 N CHESTNUT RD #6, LAKELAND, photo 3 of 5
Multi-Family 5+ at 214 N CHESTNUT RD #6, LAKELAND, photo 4 of 5
Multi-Family 5+ at 214 N CHESTNUT RD #6, LAKELAND, photo 5 of 5
5 photos

$695,000

214 N CHESTNUT RD #6
LAKELAND, FL 33815
Listed by Mohamed Dembele · LOKATION
Bedrooms
N/A
Bathrooms
N/A
Living area
2,975 sqft
Year built
1982

About this home

Fully leased 6-unit multifamily in the heart of Lakeland — six 1BD/1BA units at approximately 496 sq ft each, all occupied and producing from day one. Every unit has its own electric meter and central A/C, keeping tenants self-sufficient and owner expenses lean. Solid concrete construction means durability and low maintenance year after year. City water with private septic. Steps from the best of downtown: Lake Mirror, Hollis Garden, Bonnet Springs Park, the Polk Theatre, and Florida Southern College. True turnkey cash flow in one of Central Florida's fastest-growing markets — the kind of asset that rarely comes available.

Property details

MLS #
MFRTB8534756
Property type
Multi-Family 5+
Subdivision
N/A
Status
Active
Days on market
18
On market date
August 10, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.2 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
JESSE KEEN ELEMENTARY SCHOOL
0.65 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
643
Student:teacher ratio
16.5:1
District
POLK
Middle
LAWTON CHILES MIDDLE ACADEMY
2.26 mi away · Grades 6-8
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
636
Student:teacher ratio
16.3:1
District
POLK
HighCharter
MCKEEL ACADEMY OF TECHNOLOGY
0.8 mi away · Grades 7-12
Nearest school -- attendance-zone data not available here
1.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,722
Student:teacher ratio
22.1:1
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).

75
Walkable
out of 100
EPA National Walkability Index
13.5 / 20 -- Above average walkable
Nearby-amenity density
85 / 100
Restaurants & cafes19
Grocery stores7
Parks0
Schools4
Transit stops20
Pharmacies2

Market position

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

On the market 18 days -- 59 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
$4,335/mo
$139,000 down
$556,000 loan
Principal & interest$3,606
Property tax (est.)$579
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated 27 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.