For sale

Price cut: $50K (10/21)

$599,990

2220 N GALLOWAY ROAD, LAKELAND, FL 33810

9beds

5baths

3,741sqft

$4,130/mo

Get pre-qualified

Quadruplex, Multi Family

Built in 1980

-- sqft lot

$561,800 Zestimate^®

$160/sqft

$-- HOA

What's special

Great investment opportunity in Lakeland! This fully occupied, income-producing four unit property features a 3 bedroom 2 bath main home and three 2 bedroom 1 bath apartments ideal for generating consistent rental income or on site living in main home and rent the others. Property provides convenient access to shopping, dining, major roadways. A new roof installed in 2024 adds peace of mind and reduces near-term maintenance costs. Whether you're a seasoned investor or just getting started, this multi-unit property offers strong income potential in a growing market. Don’t miss your chance to secure!

114 days
220
21

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 9
Bathrooms: 5

Heating

Electric

Cooling

Central Air

Appliances

Laundry: Other

Features

None
Has fireplace: No

Interior area

Total interior livable area: 3,741 sqft

Property

Parking

Total spaces: 2
Parking features: Carport
Carport spaces: 2

Features

Exterior features: None

Lot

Size: 0.63 Acres
Dimensions: 139.7 x 344

Details

Parcel number: 232804000000022001
Zoning: RC
Special conditions: None

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex, Multi Family

Materials

Block
Foundation: Slab
Roof: Membrane,Shingle

Condition

New construction: No
Year built: 1980

Utilities & green energy

Sewer: Septic Tank
Water: Public
Utilities for property: Electricity Connected, Sewer Connected

Community & HOA

Community

Pet fee: $0 monthly
Subdivision: UNINCORPORATED

HOA

Has HOA: No

Location

Region: Lakeland

Financial & listing details

Price per square foot: $160/sqft
Tax assessed value: $459,888
Annual tax amount: $6,236
Date on market: 7/6/2026
Cumulative days on market: 114 days
Listing terms: Cash,Conventional
Ownership: Fee Simple
Total actual rent: 4500
Tenant pays: Electricity, Trash Collection
Electric utility on property: Yes
Road surface type: Concrete, Dirt

Estimated market value

$561,800

$534,000 - $590,000

$1,373/mo

Price history

Date	Event	Price
10/21/2026	Price change	$599,990-7.7%$160/sqft
Source: Stellar MLS #W7886464 Report a problem
7/6/2026	Listed for sale	$650,000+766.7%$174/sqft
Source: Stellar MLS #W7886464 Report a problem
9/30/1994	Sold	$75,000$20/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,773 +4.9%	$175,377 +10%
2024	$3,596 +33.8%	$159,434 +10%
2023	$2,688 +6.8%	$144,940 +10%
2022	$2,515 +5.1%	$131,764 +10%
2021	$2,393 +57.2%	$119,785 +10%
2020	$1,522 -8%	$108,895 -5.2%
2019	$1,654 -45%	$114,919 -1.1%
2018	$3,008 +1.1%	$116,181 +3.3%
2017	$2,975 +88.5%	$112,444 +5.3%
2016	$1,578 +6.3%	$106,776 +8.9%
2015	$1,485 -39.6%	$98,021 +2.5%
2014	$2,460 +66.2%	$95,635 +0.3%
2013	$1,480 -1%	$95,328 -1.9%
2012	$1,495 -8%	$97,186 -7%
2011	$1,626 -9.8%	$104,477 -7.8%
2010	$1,802 -33.5%	$113,308 -29.2%
2009	$2,710 -7.5%	$160,064 -13.8%
2008	$2,928	$185,638
2007	--	--
2006	$3,142	--
2005	--	--
2004	$2,060 +3.6%	--
2003	$1,988 -0.8%	$119,330 +1.6%
2002	$2,005 +41.5%	$117,490 +41.5%
2001	$1,417	$83,050