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303 W 5th Street, Lakeland, FL

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$385,000

($200/sqft)

List Status: Contingent
303 W 5th Street
Lakeland, FL 33805


5 beds
3 baths
1928 living sqft
Top Features
  • Subdivision: Washington Park
  • Built in  1947
  • Single Family Residence
Description
Under contract-accepting backup offers. Incredible income-producing property in Lakeland! Completely renovated from top to bottom with fresh paint, modern finishes, and all-new systems, this multi-unit property is a true turnkey investment. Two Smart Ways to Buy: As an Owner-Occupant: Move right into the spacious main house (market value estimated at $2,000/month) while the two secondary units already generate steady income ($1,100/mo and $1,200/mo). The main house will be vacant in August, and the other units are secured with stable 1-year leases and deposits in place. As a Pure Investor: Lease out the main house to maximize your cash flow, bringing the total gross monthly income to approximately $4,300/mo from day one. Featuring a versatile layout, brand-new updates throughout, and a fantastic location, this high-return property offers endless flexibility and immediate results. Schedule your showing today!
Property Details
Property Features
Property Sub Type
Single Family Residence
County
Polk
Subdivision
WASHINGTON PARK
Additional Information
Additional Parcels YN
false
Alternate Key Folio Num
12-28-23-055500-013080
Appliances
Microwave, Range, Refrigerator
Association YN
false
Bathrooms Total Integer
3
Building Area Source
Owner
Building Area Total
1928
Building Area Total Srch SqM
179.12
Building Area Units
Square Feet
Calculated List Price By Calculated SqFt
199.69
Carport YN
false
Construction Materials
Block, Stucco
Cooling
Central Air, Mini-Split Unit(s)
Country
US
Cumulative Days On Market
81
Current Price
385000.00
Direction Faces
East
Expected Closing Date
2026-09-30T00:00:00.000
Exterior Features
Private Entrance, Sidewalk
Fireplace YN
false
Flood Zone Code
X
Flood Zone Date
2016-12-22
Flood Zone Panel
12105C0315G
Flooring
Carpet, Ceramic Tile, Laminate
Foundation Details
Slab
Furnished
Unfurnished
Garage YN
false
Heating
Central
Interior Features
Ceiling Fans(s), Solid Surface Counters, Split Bedroom
Internet Address Display YN
true
Internet Automated Valuation Display YN
true
Internet Consumer Comment YN
true
Internet Entire Listing Display YN
true
Laundry Features
Inside
Levels
One
List AOR
Suncoast Tampa
Living Area Meters
179.12
Living Area Source
Owner
Living Area Units
Square Feet
Lot Size Acres
0.13
Lot Size Square Feet
5863
Lot Size Square Meters
545
Modification Timestamp
2026-09-15T18:02:18.383Z
New Construction YN
false
Occupant Type
Tenant
Other Equipment
Private Entrance
Ownership
Fee Simple
Parcel Number
23-28-12-055500-013080
Pool Private YN
false
Postal Code Plus 4
4446
Previous List Price
390000
Price Change Timestamp
2026-08-07T15:41:10.000Z
Public Survey Range
23
Public Survey Section
12
Purchase Contract Date
2026-08-11
RATIO Current Price By Calculated SqFt
199.69
Road Surface Type
Asphalt
Roof
Shingle
Room Count
10
Senior Community YN
false
Sewer
Public Sewer
Showing Requirements
24 Hour Notice, Appointment Only
Status Change Timestamp
2026-08-11T20:12:12.000Z
Tax Annual Amount
3378
Tax Block
13
Tax Book Number
1-99
Tax Legal Description
WASHINGTON PARK PB 1 PG 99 BLK 13 LOT 8
Tax Lot
8
Tax Year
2025
Total Acreage
0 to less than 1/4
Total Annual Fees
0.00
Total Monthly Fees
0.00
Township
28
Universal Property Id
US-12105-N-232812055500013080-R-N
Unparsed Address
303 W 5TH ST
Utilities
BB/HS Internet Available, Electricity Connected
Water Source
Public
Waterfront YN
false
Zoning
RA-4
Neighborhood Map
Popup

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MLS #MFRTB8531497 Listing courtesy of Home Prime Realty Llc provided by Stellar MLS.

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All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independent verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. The source of the listing data is as follows: Stellar MLS (updated 10/3/26 11:19 AM) |

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