$399,000

About this home

Don’t miss this exceptional redevelopment and income-producing opportunity in the rapidly growing Lakeland market. Situated on a single parcel, this property consists of three total residential units across two separate buildings: * One duplex with separate electric meters for each unit. * One detached single-family home. Included with the sale are professionally completed Mechanical, Electrical, and Plumbing (MEP) plans, providing a significant head start for redevelopment and substantially reducing the time and expense required before construction. Proposed Redevelopment Plans * Detached Single-Family Home: Reconfigured into a modern 3-bedroom, 2-bathroom residence. * Duplex: Complete redesign into two expansive 5-bedroom, 3-bathroom units, creating a total of 13 bedrooms and 8 bathrooms across the property. The proposed layouts maximize rental potential while incorporating modern floor plans, updated building systems, and efficient use of space. Whether your strategy is traditional multifamily rentals, co-living, workforce housing, or another high-income rental model, this property offers exceptional flexibility. Located just minutes from downtown Lakeland with convenient access to Interstate 4, the property benefits from strong rental demand while offering easy access to both Tampa and Orlando.

Property details

MLS #

MFRO6421108

Property type

Triplex

Subdivision

PATTERSON & COX SUB

Status

Active

Days on market

37

On market date

July 1, 2026

Stories

N/A

Total bathrooms

5

Garage spaces

N/A

Parking spaces

N/A

Lot size

0.1 acres

Nearby schools

Within 10 miles · public school directory data (NCES)