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542 & 540 S CLAYTON AVENUE

Multi-family For Sale
$525,000

BTC: 8.18873969

ETH: 275.93238868

New
6 bds
2,529 sqft

Overview

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!

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1953
Lot:
0.29 Acres
Heating:
Electric
Price/sqft:
$208
Cooling:
Central Air
HOA:
No Data

Highlights

Annual tax
$3,319
2025
Garage
1 car garage
All facts and features
  • Flooring

    • Luxury Vinyl

    Heating

    • Electric

    Cooling

    • Central Air

    Appliances

    • Electric Water Heater

    • Microwave

    • Range

    • Refrigerator

    Other interior features

    • Ceiling Fan(s)

    • Eating Space In Kitchen

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 6

  • Property

    • Exterior Features: Outbuilding

    Lot

    • Lot: 0.29 Acres

    Other Property Information

    • Parcel Number: 242819218000003010

    • Zoning: RB-1

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Utility

    • Cable Connected

    • Electricity Connected

  • Other financial information

    • Annual tax amount: $3,319

  • Source details

    • MLS ID: L4963551

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Laundry Features: In Garage / Laundry Room

    • Garage Spaces: 1

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 2529

    • Water Source: Public

    • Lot Size Dimensions: 48.6 x 61

    • Subdivision Name: BILTMORE PARK SUB

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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: REGAL REAL ESTATE LLC