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115 EMMA STREET

Multi-family For Sale
$399,000

BTC: 6.60596026

ETH: 250.20536907

New
7 bds
2,696 sqft

Overview

Don’t miss this exceptional redevelopment and income-producing opportunity in the rapidly growing Lakeland market. Situated on a single parcel, this property consists of three total residential units across two separate buildings: * One duplex with separate electric meters for each unit. * One detached single-family home. Included with the sale are professionally completed Mechanical, Electrical, and Plumbing (MEP) plans, providing a significant head start for redevelopment and substantially reducing the time and expense required before construction. Proposed Redevelopment Plans * Detached Single-Family Home: Reconfigured into a modern 3-bedroom, 2-bathroom residence. * Duplex: Complete redesign into two expansive 5-bedroom, 3-bathroom units, creating a total of 13 bedrooms and 8 bathrooms across the property. The proposed layouts maximize rental potential while incorporating modern floor plans, updated building systems, and efficient use of space. Whether your strategy is traditional multifamily rentals, co-living, workforce housing, or another high-income rental model, this property offers exceptional flexibility. Located just minutes from downtown Lakeland with convenient access to Interstate 4, the property benefits from strong rental demand while offering easy access to both Tampa and Orlando.

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1900
Lot:
0.10 Acres
Heating:
None
Price/sqft:
$148
Cooling:
None
HOA:
No Data

Highlights

Annual tax
$1,903
2025
All facts and features
  • Heating

    • None

    Cooling

    • None

    Other interior features

    • Ninguno

    Bedrooms and bathrooms

    • Bedrooms: 7

  • Property

    • Exterior Features: Other

    Lot

    • Lot: 0.10 Acres

    Other Property Information

    • Parcel Number: 232813077000008071

    • Zoning: RA-4

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Triplex

  • Utility

    • Other

  • Other financial information

    • Annual tax amount: $1,903

  • Source details

    • MLS ID: O6421108

    Other facts

    • Construction Materials: Other

    • Foundation Details: Other

    • Laundry Features: Other

    • Living Area: 2696

    • Water Source: See Remarks

    • Lot Size Dimensions: 62 x 73

    • Subdivision Name: PATTERSON & COX 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: BLUE LIGHTHOUSE REALTY INC