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$385,000

303 5 St

Lakeland, FL
Pending
5
Bedrooms
3
Bathrooms
1,928
Square Feet
0.13
Lot Size (acres)
1947
Year Built
73
Days On Market

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!

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Listing Information

Listing Updated
18 days ago
Listed By
Talia Cruz Martinez, 7863266134 · HOME PRIME REALTY LLC, 8134974441
MLS#
TB8531497
Source
Stellar MLS
Status
Pending

Facts & Features

Location

Community Information

Address
303 W 5 St, Lakeland, FL 33805
City
Lakeland
County
Polk
Neighborhood
WASHINGTON PARK
Zip Code
33805

Architecture

Bedrooms
5
Bathrooms
3
Year Built
1947
Construction Materials
Stucco, Block
Building Area
1,928 sq. ft.
Foundation
Slab
Roof
Shingle
Levels
One
Garage Spaces
0

Features & Amenities

Interior Features
In-Law Floorplan
Appliances
Microwave, Refrigerator, Range
Flooring
Laminate, Carpet, Ceramic Tile
Exterior Features
Private Entrance
Cooling
Central Air
Heating
Central

Property Features

Lot Size
0.13 Acres
Water
Public
Sewer
Public Sewer
Utilities
Electricity Connected

Square Footage

Total
1,928 sq. ft.

Tax & Financial Information

List Price
$385,000
Annual Taxes
$3,378

Schools

78/100
Lawton Chiles Middle Academy
Middle · Grades 06–08 · 0.7 mi
City
Lakeland
Students
648
Parent reviews
5.0★ avg · 1 review
Student body
51% White · 20% Hispanic / Latino · 16% Black
Free/reduced lunch
30%
Phone
(863) 499-2742
77/100
Rochelle School Of The Arts
Elementary · Grades PK–08 · 0.4 mi
City
Lakeland
Students
822
Parent reviews
5.0★ avg · 2 reviews
Student body
43% Black · 32% White · 19% Hispanic / Latino
Free/reduced lunch
41%
Phone
(863) 499-2810
77/100
Achievement Academy
Elementary · Grades PK–PK · 0.9 mi
City
Lakeland
Students
151
Parent reviews
5.0★ avg · 1 review
Student body
52% White · 33% Hispanic / Latino · 11% Black
Free/reduced lunch
43%
Phone
(863) 683-6504
76/100
McKeel Academy Central
Elementary · Grades PK–06 · 0.7 mi
City
Lakeland
Students
610
Parent reviews
5.0★ avg · 1 review
Student body
66% White · 19% Hispanic / Latino · 10% Black
Free/reduced lunch
37%
Phone
(863) 499-1287
75/100
Lakeland Montessori School House
Elementary · Grades KG–06 · 1.1 mi
City
Lakeland
Students
122
Parent reviews
5.0★ avg · 1 review
Student body
63% White · 24% Hispanic / Latino · 8% Asian
Free/reduced lunch
3%
Phone
(863) 413-0003
56/100
McKeel Academy Of Technology
High · Grades 07–12 · 1.7 mi
City
Lakeland
Students
1,727
Parent reviews
3.0★ avg · 2 reviews
Student body
66% White · 21% Hispanic / Latino · 8% Black
Free/reduced lunch
35%
Phone
(863) 499-2818
55/100
Lincoln Avenue Academy
Elementary · Grades KG–05 · 0.5 mi
City
Lakeland
Students
588
Student body
53% White · 23% Black · 11% Asian
Free/reduced lunch
27%
Phone
(863) 499-2955
53/100
Lakeland Montessori Middle School
Middle · Grades 06–08 · 1.1 mi
City
Lakeland
Students
27
Student body
70% White · 26% Hispanic / Latino · 4% Two or More Races
Free/reduced lunch
11%
Phone
(863) 413-0003

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
08/07/2026Price change$385,000
07/22/2026Listed for sale$390,000

Listed by Talia Cruz Martinez · HOME PRIME REALTY LLC · 8134974441

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 15, 2026 at 6:03 PM | Source: Stellar MLS | MLS#: TB8531497

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