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728 JOHNSON AVE

Multi-family For Sale
$425,000

BTC: 6.64062500

ETH: 223.37383846

37 days
3 bds
1,536 sqft

Overview

Prime investment opportunity right in the heart of Lakeland! This duplex features two exceptional units—a spacious 2-bedroom, 1-bath unit and a charming 1-bedroom, 1-bath unit—both thoughtfully updated and move-in ready. Ideally located just minutes from Florida Southern College, Lake Morton, Lake Hollingsworth, and many shopping, dining, and entertainment options, this property offers the best of Lakeland living. Downtown is less than one mile away, allowing residents and guests to enjoy popular local attractions such as First Friday events, the Saturday Farmers Market, and a vibrant downtown scene as easy as a walk, bike ride, or short drive away. Most recently operated as a successful short-term rental, both units are being sold fully furnished and completely outfitted, making this a true turnkey investment opportunity. The property is equally well-suited for long-term rental income or owner-occupancy with supplemental rental revenue. A shared backyard and common outdoor space provide a welcoming area for relaxation and entertaining, while dedicated parking is conveniently located behind the home. Each unit also includes its own storage shed equipped with a washer and dryer. Recent improvements include upgraded flooring, window treatments, appliances, beautifully renovated bathrooms, and a brand-new roof installed in 2025. Adding to the home's charm is the inviting front porch, the perfect place to unwind and enjoy Florida's beautiful weather. Whether you're looking to expand your investment portfolio or secure a owner-occupied income producing opportunity in one of Lakeland's most desirable locations, this duplex is a rare opportunity you won't want to miss.

Location

Details

Type:
Residential Income
Parking:
Guest / Off Street
Year Built:
1925
Lot:
0.16 Acres
Heating:
Central / Electric
Price/sqft:
$277
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$350,000
$260K – $429K
Confidence Low
List vs. estimate
$75K above estimate
List $425,000 · +21.4%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$276
+61.2% vs. city median $171
Based on
7 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$4,823
2025
Furnished
Furnished
All facts and features
  • Heating

    • Central

    • Electric

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Dryer

    • Microwave

    • Range

    • Refrigerator

    • Washer

    Other interior features

    • Built-in Features

    Bedrooms and bathrooms

    • Bedrooms: 3

  • Parking

    • Guest

    • Off Street

    Property

    • Levels: One

    • Exterior Features: Storage

    Lot

    • Lot: 0.16 Acres

    Other Property Information

    • Parcel Number: 242819236500003190

    • Zoning: 0850

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Utility

    • Electricity Connected

  • Other financial information

    • Annual tax amount: $4,823

  • Source details

    • MLS ID: L4962544

    Other facts

    • Construction Materials: Wood Frame

    • Foundation Details: Crawlspace

    • Laundry Features: Other / Outside

    • Lot Features: Historic District / City Lot

    • Patio And Porch Features: Covered / Front Porch

    • Other Structures: Shed(s)

    • Living Area: 1536

    • Water Source: Public

    • Subdivision Name: JOHNSONS T H SUBDIVISION

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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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: WATSON REALTY CORP.