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506 S WESTGATE AVENUE

Multi-family For Sale
$249,000

BTC: 3.22121604

ETH: 101.67415272

1 days
4 bds
1,813 sqft

Overview

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 • For Sale

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

Valuation

Our model vs. what's actually selling nearby.
Estimate
$264,500
$256K – $299K
Confidence Medium
List vs. estimate
$15K below estimate
List $249,000 · -5.9%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$137
-14.4% vs. city median $160
Based on
14 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

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
63
median $229K
Active
Same city
LAKELAND
1,301
median $329K
Active
Same type
Multi-family
26
median $357K
Active
Similar price
$174K – $323K
469
median $265K
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