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$489,000

542 AND 540 Clayton Ave

Lakeland, FL
Active
6
Bedrooms
0.29
Lot Size (acres)
1953
Year Built
80
Days On Market

Discover the perfect opportunity to live, invest, or generate rental income with this unique property featuring two beautifully remodeled homes and a 29' x 22' detached concrete block storage building on one lot. Whether you choose to live in one home and rent the other, or maximize your returns by leasing both, this property offers incredible flexibility. The larger residence features 4 bedrooms, 2 bathrooms, and 1,679 square feet of living space. Inside, you'll find a spacious living room, separate family room, inside laundry, and a stunning new kitchen complete with new cabinetry, countertops, and appliances. Luxury vinyl plank flooring flows throughout the home, complemented by fresh interior paint and new ceiling fans. The second home offers 2 bedrooms, 1 bathroom, and includes a single-car garage with an adjoining storage/laundry room featuring washer and dryer hookups. Like the main home, it has been completely remodeled with luxury vinyl plank flooring, fresh paint, new ceiling fans, and a beautifully updated kitchen with new cabinets, countertops, and appliances. Adding even more value is the detached 29' x 22' concrete block storage building, complete with electricity and a half bath—ideal for a workshop, hobby space, business storage, or additional flex space. Conveniently located in the heart of Lakeland, this property is just a short walk to both Lake Hollingsworth and Lake Morton, offering easy access to scenic walking trails, parks, and all the charm of central Lakeland. Don't miss this rare opportunity to own a move-in-ready, income-producing property in one of Lakeland's most desirable locations!

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Listing Information

Listing Updated
9 days ago
Listed By
Debbie Ward-Terry, 8636607927 · REGAL REAL ESTATE LLC, 8636607927
MLS#
L4963551
Source
Stellar MLS
Status
Active

Facts & Features

Location

Community Information

Address
542 AND 540 S Clayton Ave, Lakeland, FL 33801
City
Lakeland
County
Polk
Neighborhood
BILTMORE PARK SUB
Zip Code
33801

Architecture

Bedrooms
6
Year Built
1953
Construction Materials
Block
Foundation
Slab
Roof
Shingle
Garage
Yes
Garage Spaces
1
Parking Features
Attached

Features & Amenities

Interior Features
Eat-in Kitchen
Appliances
Electric Water Heater, Microwave, Refrigerator, Range
Cooling
Central Air
Heating
Electric

Property Features

Lot Size
0.29 Acres
Water
Public
Sewer
Public Sewer
Utilities
Cable Available, Cable Connected, Electricity Connected

Square Footage

Total
2,529 sq. ft.

Tax & Financial Information

List Price
$489,000
Annual Taxes
$3,319

Schools

79/100
Lakeland Montessori School House
Elementary · Grades KG–08 · 1.4 mi
City
Lakeland
Students
86
Parent reviews
5.0★ avg · 2 reviews
Student body
65% White · 22% Hispanic / Latino · 7% Two or More Races
Free/reduced lunch
4%
Phone
(863) 413-0003
78/100
McKeel Academy Central
Elementary · Grades PK–06 · 1.2 mi
City
Lakeland
Students
610
Parent reviews
5.0★ avg · 2 reviews
Student body
63% White · 20% Hispanic / Latino · 10% Black
Free/reduced lunch
39%
Phone
(863) 499-1287
76/100
Lawton Chiles Middle Academy
Middle · Grades 06–08 · 1.2 mi
City
Lakeland
Students
648
Parent reviews
5.0★ avg · 2 reviews
Student body
51% White · 20% Hispanic / Latino · 16% Black
Free/reduced lunch
30%
Phone
(863) 499-2742
76/100
Magnolia Montessori Academy
Elementary · Grades KG–08 · 2 mi
City
Lakeland
Students
182
Student–teacher
11.3
Student body
67% White · 19% Hispanic / Latino · 6% Black
Free/reduced lunch
7%
Phone
(863) 797-4991
58/100
Dixieland Elementary School
Elementary · Grades PK–05 · 1.5 mi
City
Lakeland
Students
314
Parent reviews
3.0★ avg · 4 reviews
Student body
40% Hispanic / Latino · 28% Black · 26% White
Free/reduced lunch
68%
Phone
(863) 499-2930
56/100
Lakeland Senior High School
High · Grades 09–12 · 0.3 mi
City
Lakeland
Students
2,166
Student body
48% White · 23% Hispanic / Latino · 23% Black
Free/reduced lunch
35%
Phone
(863) 499-2900
56/100
Lakeland Montessori Middle School
Grades M–M · 1.4 mi
City
Lakeland
Students
60
Student body
60% White · 25% Hispanic / Latino · 7% Black
Free/reduced lunch
18%
Phone
(863) 413-0003
54/100
Polk Grad Academy
High · Grades 09–12 · 1.8 mi
City
Lakeland
Students
69
Student body
51% White · 29% Hispanic / Latino · 20% Black
Free/reduced lunch
46%
Phone
(863) 413-2948

School ratings are provided for informational purposes only and are subject to change. Attendance boundaries are for reference only — contact the school or district directly to verify enrollment eligibility.

Historical Data

Price History

DateEventPrice
09/24/2026Price change$489,000
07/15/2026Listed for sale$525,000

Listed by Debbie Ward-Terry · REGAL REAL ESTATE LLC · 8636607927

Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Stellar MLS. All rights reserved.

Last Updated: September 24, 2026 at 2:42 PM | Source: Stellar MLS | MLS#: L4963551

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