GREAT INCOME-PRODUCING INVESTMENT OPPORTUNITY IN THE HEART OF LAKELAND! Located at 901 Pennsylvania Ave, this well-positioned fourplex offers investors the opportunity to own a multi-family property in the highly desirable Lake Morton Historic District. The property consists of 4 spacious 1-bedroom, 1-bath units, each approximately 900 square feet, offering a highly rentable layout and strong long-term income potential. The property maintains much of its original Florida character, including original hardwood floors, solid wood doors, and charming architectural details rarely found in newer construction. Units also feature additional touches such as washer/dryer accommodations, sunrooms adding to their appeal and rental potential. LOCATION IS A MAJOR HIGHLIGHT. The property is conveniently situated near Florida Southern College, Lake Morton, Downtown Lakeland, the public library, museums, restaurants, shopping, entertainment, and major roadways. Its central location provides excellent access to many of Lakeland's most desirable destinations while placing tenants close to employment, education, recreation, and everyday conveniences. Whether you're looking to expand an existing rental portfolio, enter the multifamily investment market, or acquire a long-term income-producing asset, 901 Pennsylvania Ave offers an excellent combination of location, character, multiple rental units, and future income potential. 4 units. 1 property. Multiple income streams. A great opportunity to invest in one of Lakeland's established neighborhoods.
For sale
$670,000
901 PENNSYLVANIA AVENUE, LAKELAND, FL 33803
16beds
16baths
3,272sqft
:
Get pre-qualified$4,390/mo
Quadruplex, Multi Family
Built in 1902
-- sqft lot
$-- Zestimate®
$205/sqft
$-- HOA
What's special
Solid wood doorsOriginal hardwood floorsCharming architectural details
- 1 day |
- 183 |
- 8 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
James Migues 954-292-4012,
LIST-A-HOUSE REALTY, LLC 954-292-4012
Source: Stellar MLS,MLS#: O6433196
Originating MLS: Orlando Regional

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 16
Rooms
- Room types: Florida Room
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Gas Water Heater, Range, Refrigerator
- Laundry: Other
Features
- Ceiling Fan(s)
- Has fireplace: No
Interior area
- Total structure area: 3,272
- Total interior livable area: 3,272 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Front Porch
- Exterior features: Other, Sidewalk
Lot
- Size: 4,199 Square Feet
- Dimensions: 84 x 50
Details
- Parcel number: 242819231500003141
- Zoning: C-2
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Wood Frame, Wood Siding
- Foundation: Raised
- Roof: Shingle
Condition
- New construction: No
- Year built: 1902
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Water Connected
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: SCOTTS LAKELAND HEIGHTS
HOA
- Has HOA: No
Location
- Region: Lakeland
Financial & listing details
- Price per square foot: $205/sqft
- Tax assessed value: $387,840
- Annual tax amount: $6,997
- Date on market: 8/12/2026
- Cumulative days on market: 2 days
- Ownership: Fee Simple
- Lease term: 12 Months
- Total actual rent: 0
- Tenant pays: Electricity
- Electric utility on property: Yes
- Road surface type: Asphalt
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/13/2026 | Listed for sale | $670,000+28.8%$205/sqft |
Source: | ||
| 12/6/2022 | Sold | $520,000-5.5%$159/sqft |
Source: Public Record Report a problem | ||
| 11/11/2022 | Pending sale | $550,000$168/sqft |
Source: | ||
| 9/30/2022 | Listed for sale | $550,000$168/sqft |
Source: | ||
| 7/20/2022 | Pending sale | $550,000$168/sqft |
Source: | ||
| 6/29/2022 | Price change | $550,000-8.3%$168/sqft |
Source: | ||
| 3/2/2022 | Listed for sale | $600,000+466%$183/sqft |
Source: | ||
| 2/2/2018 | Listing removed | $700 |
Source: Zillow Rental Network #78869 Report a problem | ||
| 6/17/2017 | Listed for rent | $700+16.7% |
Source: Point 2 Agent #78520 Report a problem | ||
| 2/23/2016 | Listing removed | $600 |
Source: Point2 #70470 Report a problem | ||
| 2/6/2016 | Listed for rent | $600+9.1% |
Source: Point2 #70470 Report a problem | ||
| 8/14/2014 | Listing removed | $550 |
Source: Point2 #47281 Report a problem | ||
| 7/3/2014 | Price change | $550-4.3% |
Source: Point2 #47281 Report a problem | ||
| 6/13/2014 | Listed for rent | $575 |
Source: Point2 #47281 Report a problem | ||
| 9/28/2011 | Sold | $106,000-11.7%$32/sqft |
Source: Public Record Report a problem | ||
| 6/11/2011 | Listed for sale | $120,000+200.8%$37/sqft |
Source: 398MLS.com #O5048511 Report a problem | ||
| 10/8/2009 | Sold | $39,900-83.4%$12/sqft |
Source: Public Record Report a problem | ||
| 10/4/2005 | Sold | $240,000+33.3%$73/sqft |
Source: Public Record Report a problem | ||
| 10/8/2004 | Sold | $180,000+18.4%$55/sqft |
Source: Public Record Report a problem | ||
| 12/17/2003 | Sold | $152,000+38.2%$46/sqft |
Source: Public Record Report a problem | ||
| 4/2/2003 | Sold | $110,000$34/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,997 -6.3% | $387,840 -6.2% |
| 2024 | $7,467 -9% | $413,568 -8.1% |
| 2023 | $8,205 +332.1% | $450,072 +335.4% |
| 2022 | $1,899 +4.4% | $103,364 +9.3% |
| 2021 | $1,819 +11% | $94,537 +10% |
| 2020 | $1,639 -4.9% | $85,943 -2.8% |
| 2019 | $1,722 | $88,381 -1.3% |
| 2018 | $1,722 -2.2% | $89,543 +0.6% |
| 2017 | $1,761 +1.1% | $88,981 +2% |
| 2016 | $1,742 +2.2% | $87,218 +4.1% |
| 2015 | $1,704 +8.6% | $83,777 +0.5% |
| 2014 | $1,569 -7.9% | $83,371 -2.4% |
| 2013 | $1,704 -3.9% | $85,396 -2.9% |
| 2012 | $1,774 -3.1% | $87,964 -5.8% |
| 2011 | $1,830 -10.9% | $93,395 -9% |
| 2010 | $2,053 -23.8% | $102,670 -22.7% |
| 2009 | $2,694 -7.4% | $132,848 -13.3% |
| 2008 | $2,908 | $153,266 |
| 2007 | -- | -- |
| 2005 | -- | -- |
| 2004 | $2,316 +83.1% | -- |
| 2003 | $1,265 -11.7% | $61,120 -12.3% |
| 2002 | $1,433 +0.8% | $69,730 +0.8% |
| 2001 | $1,421 | $69,170 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: South Lake Morton
Nearby schools
GreatSchools rating
- 1/10Philip O'Brien Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 2/10Sleepy Hill Middle SchoolGrades: 6-8Distance: 4.8 mi
- 5/10Lakeland Senior High SchoolGrades: 9-12Distance: 1.1 mi
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