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506 S WESTGATE AVENUE

Multi-family Active With Contract
$249,000

BTC: 3.01891368

ETH: 93.96226415

4 days
4 bds
1,813 sqft

Overview

Under contract-accepting backup offers. INVESTMENT OPPORTUNITY NEAR DOWNTOWN LAKELAND! This cement-block duplex features two 2-bedroom, 1-bath units, each offering more than 900 square feet of living area. Both units are currently rented, providing immediate rental income for the new owner. Additional highlights include fenced yards and new roof shingles, fascia and soffits completed in 2026. The property also provides ample off-street parking with six designated spaces. Conveniently located near downtown Lakeland with easy access to shopping, dining, employment and major roadways. Priced below market at $249,000. This income-producing property offers an excellent opportunity to add a solid rental property to your investment portfolio. The rents are below normal rents in the area. The rents in the community range in the $1100 to $1400 per side unit. PLEASE CALL TODAY FOR ADDITIONAL INFORMATION!!

Location

Florida • LAKELAND • 33815 • Multi-family • Active With Contract

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1979
Lot:
0.16 Acres
Heating:
Central / Electric
Price/sqft:
$137
Cooling:
Central Air
HOA:
No Data

Highlights

Annual tax
$2,020
2025
Pets
Not allowed
All facts and features

  • Heating

    • Central

    • Electric

    Cooling

    • Central Air

    Appliances

    • Electric Water Heater

    • Range

    • Range Hood

    Other interior features

    • Ceiling Fan(s)

    Bedrooms and bathrooms

    • Bedrooms: 4

  • Property

    • Exterior Features: Fenced

    Lot

    • Lot: 0.16 Acres

    Other Property Information

    • Parcel Number: 232823100500010360

    • Zoning: RB-2

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Utility

    • Cable Connected

    • Electricity Connected

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $2,020

  • Source details

    • MLS ID: L4964553

    Other facts

    • Construction Materials: Block / Concrete

    • Foundation Details: Slab

    • Laundry Features: Electric Dryer Hookup / Laundry Closet / Washer Hookup

    • Lot Features: City Lot / Near Golf Course / Near Public Transit / Sidewalk

    • Living Area: 1813

    • Water Source: Public

    • Lot Size Dimensions: 60 x 113

    • Subdivision Name: WESTGATE

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33815
27
median $235K
Active
Same city
LAKELAND
820
median $329K
Active
Same type
Multi-family
10
median $484K
Active
Similar price
$174K – $323K
304
median $269K
Active

The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: KELLER WILLIAMS REALTY