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For sale
    • $499,000

    902 E LIME STREET, LAKELAND, FL 33801

    --beds
    0baths
    2,048sqft
    : 
    $3,471/mo
    Get pre-qualified
    Quadruplex, Multi Family
    Built in 1948
    -- sqft lot
    $-- Zestimate®
    $244/sqft
    $-- HOA

    What's special

    Four residential unitsFour self-contained living units
    Fully leased four-unit investment opportunity near Downtown Lakeland! Located at 902-904 E Lime Street, this income-producing property features four residential units, each offering 1 bedroom, 1 bathroom, a kitchen, and living area. Two units are located within the main residence, with two additional units situated in the detached rear building, creating a unique multifamily configuration with separation between the structures. All four units are currently leased and generate approximately $4,450 per month in gross rental income. The owner currently pays utilities, averaging approximately $634 per month, providing prospective investors with established income and operating history from day one. The property has also demonstrated a strong history of occupancy; prior marketing materials report that it maintained full occupancy for more than a decade. Situated in the Downtown Lakeland area, the property offers convenient access to shopping, dining, employment centers, major roadways, and the amenities of Lakeland’s urban core. With 100% current occupancy, $53,400 in annual gross rental income based on current rents, and four self-contained living units, this is an opportunity to acquire an established multifamily property in a central Lakeland location. Please do not disturb tenants. Showings by appointment only. Buyer to verify all measurements, unit information, leases, income, expenses, zoning, and property details.
    20 days
    105
    15

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Tony Acosta 863-224-5956,

    CENTURY 21 MYERS REALTY 863-875-5656

    Source: Stellar MLS,MLS#: L4965488MLS LogoOriginating MLS: East Polk

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 0
      Heating
      • Propane
      Cooling
      • Ductless
      Appliances
      • Included: Microwave, Range, Refrigerator
      • Laundry: Common Area, Electric Dryer Hookup, Washer Hookup
      Features
      • Ceiling Fan(s)
      • Flooring: Carpet, Ceramic Tile, Laminate
      • Has fireplace: No
      Interior area
      • Total structure area: 2,803
      • Total interior livable area: 2,048 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: Driveway, Ground Level, Off Street, Parking Pad
      • Has uncovered spaces: Yes
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Enclosed, Front Porch
      • Exterior features: Sidewalk
      • Fencing: Fenced
      Lot
      • Size: 10,001 Square Feet
      • Dimensions: 50 x 200
      • Features: Historic District, City Lot, Sidewalk
      Details
      • Parcel number: 242818205000007212
      • Zoning: MF-22
      • Special conditions: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Quadruplex, Multi Family
      Materials
      • Wood Frame
      • Foundation: Crawlspace
      • Roof: Shingle
      Condition
      • Completed
      • New construction: No
      • Year built: 1948

      Utilities & green energy

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

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Pet fee: $0 monthly
      • Subdivision: MORTONS ADD
      HOA
      • Has HOA: No
      Location
      • Region: Lakeland

      Financial & listing details

      • Price per square foot: $244/sqft
      • Tax assessed value: $201,960
      • Annual tax amount: $2,187
      • Date on market: 10/1/2026
      • Cumulative days on market: 21 days
      • Ownership: Fee Simple
      • Lease term: 12 Months
      • Total actual rent: 4450
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        10/1/2026Listed for sale$499,000+583.6%$244/sqft
        Source: Stellar MLS #L4965488 Report a problem
        12/5/2003Sold$73,000$36/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,187 +24%$87,770 +10%
        2024$1,764 -3.5%$79,791 +10%
        2023$1,827 +7.8%$72,537 +10%
        2022$1,695 +9.1%$65,943 +10%
        2021$1,554 +49.6%$59,948 +10%
        2020$1,039 -2.2%$54,498 0%
        2019$1,062 $54,502 +1.7%
        2018$1,062 $53,593
        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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: East Lake Morton

        Getting around

        66 / 100
        Somewhat Walkable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Philip O’Brien Elementary
        • Middle: Sleepy Hill Middle
        • High: Lakeland Senior High

        Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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