Accepting backups

Price cut: $5K (8/7)

$385,000

303 W 5TH STREET, LAKELAND, FL 33805

5beds

1,928sqft

$2,700/mo

Get pre-qualified

Single Family Residence

Built in 1947

5,863 Square Feet Lot

$380,400 Zestimate^®

$200/sqft

$-- HOA

What's special

Modern finishesBrand-new updates throughoutFresh paintVersatile layoutAll-new systemsSpacious main house

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!

78 days
12
0

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 3
Full bathrooms: 3

Primary bedroom

Features: Built-in Closet
Level: First

Bedroom 2

Features: Built-in Closet
Level: First

Bedroom 3

Features: Built-in Closet
Level: First

Bedroom 4

Features: Built-in Closet
Level: First

Bedroom 5

Features: Built-in Closet
Level: First

Bathroom 1

Level: First

Bathroom 2

Level: First

Bathroom 3

Level: First

Kitchen

Level: First

Living room

Level: First

Heating

Central

Cooling

Central Air, Ductless

Appliances

Included: Microwave, Range, Refrigerator
Laundry: Inside

Features

Ceiling Fan(s), Solid Surface Counters, Split Bedroom
Flooring: Carpet, Ceramic Tile, Laminate
Has fireplace: No

Interior area

Total structure area: 1,928
Total interior livable area: 1,928 sqft

Video & virtual tour

View virtual tour

Property

Features

Levels: One
Stories: 1
Exterior features: Private Entrance, Sidewalk

Lot

Size: 5,863 Square Feet

Details

Parcel number: 232812055500013080
Zoning: RA-4
Special conditions: None

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Block, Stucco
Foundation: Slab
Roof: Shingle

Condition

New construction: No
Year built: 1947

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: BB/HS Internet Available, Electricity Connected

Community & HOA

Community

Pet fee: $0 monthly
Subdivision: WASHINGTON PARK

HOA

Has HOA: No

Location

Region: Lakeland

Financial & listing details

Price per square foot: $200/sqft
Tax assessed value: $187,251
Annual tax amount: $3,378
Date on market: 7/22/2026
Cumulative days on market: 82 days
Listing terms: Cash,Conventional
Ownership: Fee Simple
Total actual rent: 0
Electric utility on property: Yes
Road surface type: Asphalt

Estimated market value

$380,400

$361,000 - $399,000

$2,316/mo

Price history

Date	Event	Price
8/7/2026	Price change	$385,000-1.3%$200/sqft
Source: Stellar MLS #TB8531497 Report a problem
7/22/2026	Listed for sale	$390,000$202/sqft
Source: Stellar MLS #TB8531497 Report a problem
7/12/2026	Listing removed	$390,000$202/sqft
Source: Stellar MLS #S5149723 Report a problem
7/7/2026	Listed for sale	$390,000+36.8%$202/sqft
Source: Stellar MLS #S5149723 Report a problem
5/13/2022	Sold	$285,000+14%$148/sqft
Source: Public Record Report a problem
4/1/2022	Pending sale	$249,950$130/sqft
Source: Stellar MLS #L4928921 Report a problem
3/29/2022	Listed for sale	$249,950+152.5%$130/sqft
Source: Stellar MLS #L4928921 Report a problem
11/15/2021	Sold	$99,000+80%$51/sqft
Source: Public Record Report a problem
5/6/2019	Sold	$55,000+66.7%$29/sqft
Source: Public Record Report a problem
5/11/2018	Sold	$33,000-29.8%$17/sqft
Source: Public Record Report a problem
6/26/2006	Sold	$47,000$24/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,378 -3.9%	$187,251 -3.9%
2024	$3,517 -2.1%	$194,791 -1.1%
2023	$3,591 +128.1%	$196,977 +129.8%
2022	$1,575 +29.3%	$85,716 +75.3%
2021	$1,218 +43.6%	$48,909 +10%
2020	$848 +60.2%	$44,463 +63.8%
2019	$529	$27,151 -16.5%
2018	$529 -17.2%	$32,502 -0.4%
2017	$639 +0.9%	$32,624 +2.9%
2016	$634 +2.8%	$31,716 +4.7%
2015	$616 +10.4%	$30,285 +2.1%
2014	$558 -8.8%	$29,655 -3.3%
2013	$612 -4.7%	$30,675 -3.7%
2012	$642 -5.9%	$31,854 -8.6%
2011	$683 -11.1%	$34,858 -9.3%
2010	$769 -29.2%	$38,433 -28.2%
2009	$1,086 -7.6%	$53,550 -13.5%
2008	$1,175	$61,913
2007	--	--
2006	$988	--
2005	--	--
2004	$790 +21.6%	--
2003	$649 -26.3%	$31,370 -26.8%
2002	$881 +52.5%	$42,880 +52.5%
2001	$578	$28,120