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Greg Leksich
REALTOR®
(260) 450-2114
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$525,000

542 & 540 S Clayton Avenue Lakeland, FL 33801 Multi Unit - Multiple Active

  • 542 & 540 S Clayton Avenue , Lakeland, FL 33801 Main Photo

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Description

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!

Property Highlights

Property Type: Multi Unit - Multiple
Cooling: Central Air
Garage: 1 car attached
Heating: Electric
Lot Size: 0.29 Acres
Roof Type: Shingle
Taxes: $3,319
Year Built: 1953

General Information

Bedrooms: 6
Sqft: 2,529
County: Polk
Subdivision: BILTMORE PARK
Listed By:
Debbie Ward-Terry REGAL REAL ESTATE LLC 863-660-7927

Amenities

Ceiling Fans(s)
Eat-in Kitchen
Window Treatments
Outbuildings

Property Features

Annual Net Income: 46800.00
Appliances: Electric Water Heater, Microwave, Range, Refrigerator
Days on Site: 1
Directions: Use GPS
Exterior: Block
Flood Zone Code: X
Flooring: Luxury Vinyl
Foundation: Slab
Home Warranty Y/N: No
Lot Dimensions: 0.29
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: Appointment Only, Combination Lock Box, ShowingTime
Special Sale Provisions: None
Utilities: Cable Connected, Electricity Connected
Water: Public
Water Access Y/N: No
Zoning: RB-1
$525,000
6beds
2,529sqft
1cars
New to the Market Active
BEDS6 BATHS SQUARE FEET2,529 MLS#L4963551
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONBILTMORE PARK

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542 & 540 S Clayton Avenue , Lakeland, FL 33801.

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Estimated Payment

$ 2,200.45 per month $1,770.74 Principal & Interest $276.58 Property Tax $153.13 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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 on this site was last updated 07/16/2026. The listing information on this page last changed on 07/16/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 07/16/2026 11:27:51 AM EST) or Stellar MLS (last updated Thu 07/16/2026 11:17:58 AM EST). Real estate listings held by brokerage firms other than Wagner Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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