Sold for $285,000

$285,000

5345 DRANE FIELD ROAD, LAKELAND, FL 33811

--beds

0baths

1,800sqft

Duplex, Multi Family

Built in 1980

-- sqft lot

$277,200 Zestimate^®

$158/sqft

$1,371 Estimated rent

Home value

$277,200

$249,000 - $308,000

$1,371/mo

Zestimate^® history

Owner options

List your home for rent

$1,371/mo

Rent Zestimate^®

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$1,371/mo

Rent Zestimate^®

Refinance and save

$1,915/mo

Est. payment

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$1,915/mo

Est. payment

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What's special

Incredible Investment Opportunity! Whether you’re an experienced investor or just starting to build your portfolio, this multi-unit property provides excellent rental potential. Each unit is well-maintained, ensuring steady cash flow with long-term tenants or short-term rental possibilities. Conveniently located in a high-demand rental area, this property is close to shopping, dining, and major highways, making it attractive to tenants. Don’t miss out on this rare chance to own a turnkey investment with immediate income potential!

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 0

Heating

Heat Pump

Cooling

Central Air

Appliances

Laundry: Other

Features

Other
Has fireplace: No

Interior area

Total structure area: 1,800
Total interior livable area: 1,800 sqft

Property

Features

Exterior features: Other

Lot

Size: 0.28 Acres
Dimensions: 111.8 x 109

Details

Parcel number: 232831000000044130
Zoning: R-2
Special conditions: None

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex, Multi Family

Materials

Brick
Foundation: Slab
Roof: Shingle

Condition

New construction: No
Year built: 1980

Utilities & green energy

Sewer: Septic Tank
Water: Well
Utilities for property: Other

Community & HOA

Community

Pet fee: $0 monthly
Subdivision: NOT IN A SUBDIVISION

HOA

Has HOA: No

Location

Region: Lakeland

Financial & listing details

Price per square foot: $158/sqft
Annual tax amount: $3,964
Date on market: 2/21/2025
Cumulative days on market: 71 days
Ownership: Fee Simple
Total actual rent: 0
Road surface type: Concrete

Price history

Date	Event	Price
6/20/2025	Sold	$285,000-4.7%$158/sqft
Source: Stellar MLS #L4950961 Report a problem
5/5/2025	Pending sale	$299,000$166/sqft
Source: Stellar MLS #L4950961 Report a problem
4/25/2025	Price change	$299,000-66.8%$166/sqft
Source: Stellar MLS #L4950961 Report a problem
2/21/2025	Listed for sale	$900,000$500/sqft
Source: Stellar MLS #L4950961 Report a problem
8/3/2012	Listing removed	$550
Source: Your Rental Connection, Inc. Report a problem
7/18/2012	Price change	$550-7.6%
Source: Your Rental Connection, Inc. Report a problem
5/8/2012	Listed for rent	$595
Source: Your Rental Connection, Inc. Report a problem