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For SaleQuadruplexActive

902 E Lime Street

Lakeland, FL 33801

$499,000

38 Days On Site

  • 2,048Sq Ft
  • $244Per Sq Ft
  • 0.23Acres
  • 1948Built
Subdivision
Mortons Add
County
Polk
MLS®
L4965488

Overview

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 Snapshot

Price
$499,000
Days On Site
38 Days
Bedrooms
N/A
Inside Area (SqFt)
2,048 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
0
Lot Size
0.23 Acres
Year Built
1948
MLS® Number
L4965488
Status
Active
Property Tax
$2,187.46 (2025)
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Public Records

Property Details

General Features

11 items
Acres
0.23
Levels
One
Parking
Driveway, Off Street, Parking Pad
Pets
Cats OK, Dogs OK
Property Sub Type
Quadruplex
Security
Smoke Detector(s)
Sewer
Public Sewer
SqFt Total
2,803
Utilities
Cable Available, Electricity Connected, Propane, Sewer Connected, Water Connected
Water Source
Public
Zoning
MF-22

Interior Features

7 items
Appliances
Microwave, Range, Refrigerator
Basement
Crawl Space
Flooring
Carpet, Ceramic Tile, Laminate
Furnished
Unfurnished
Heating
Propane
Laundry Features
Common Area, Electric Dryer Hookup, Washer Hookup
Window Features
Blinds

Exterior Features

5 items
Construction Details
Frame
Lot Features
Paved
Patio And Porch
Enclosed, Front Porch
Roof
Shingle
Windows/Doors
Blinds

Community Features

3 items
MLS Area
33801 - Lakeland
Township
28
Roads
Paved

Location

902 E Lime Street, Lakeland, FL 33801 · 33801 - Lakeland

Neighborhood & Commute

ZIP Code 33801

Median household income
$43,885
Income per person
$22,353
Households
14,845
Average household size
2.35
Median age
34.3

Source: Walk Score.

Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.

Schools

Elementary School
Philip O’Brien Elementary
Middle School
Sleepy Hill Middle
High School
Lakeland Senior High

Price & Status History

  1. Listing updated with changes from the MLS®
  2. Listing first seen on site
  3. Status changed to Active

Friends & Family

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Listing courtesy of CENTURY 21 MYERS REALTY (863) 224-5956

Stellar MLS

Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2026, Stellar MLS.

Last checked: 2026-11-09 05:17 PM EST

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