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303 W 5TH STREET

House For Sale
$390,000

BTC: 5.98343050

ETH: 204.97834588

10 days
5 bds
3 ba
1,928 sqft

Overview

Incredible income-producing property in Lakeland! Completely renovated from top to bottom with fresh paint, modern finishes, and all-new systems, this multi-unit property is a true turnkey investment. Two Smart Ways to Buy: As an Owner-Occupant: Move right into the spacious main house (market value estimated at $2,000/month) while the two secondary units already generate steady income ($1,100/mo and $1,200/mo). The main house will be vacant in August, and the other units are secured with stable 1-year leases and deposits in place. As a Pure Investor: Lease out the main house to maximize your cash flow, bringing the total gross monthly income to approximately $4,300/mo from day one. Featuring a versatile layout, brand-new updates throughout, and a fantastic location, this high-return property offers endless flexibility and immediate results. Schedule your showing today!

Location

Florida • LAKELAND • 33805 • House • For Sale

Details

Type:
Residential
Parking:
No Data
Year Built:
1947
Lot:
0.13 Acres
Heating:
Central
Price/sqft:
$202
Cooling:
Central Air / Mini-Split Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$325,000
$213K – $392K
Confidence Low
List vs. estimate
$65K above estimate
List $390,000 · +20.0%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$202
+1.0% vs. city median $200
Based on
7 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$3,378
2025
All facts and features

  • Flooring

    • Carpet

    • Ceramic Tile

    • Laminate

    Heating

    • Central

    Cooling

    • Central Air

    • Mini-Split Unit(s)

    Appliances

    • Microwave

    • Range

    • Refrigerator

    Other interior features

    • Ceiling Fan(s)

    • Solid Surface Counters

    • Split Bedroom

    Bedrooms and bathrooms

    • Bedrooms: 5

    • Full bathrooms: 3

  • Property

    • Levels: One

    • Exterior Features: Private Entrance / Sidewalk

    Lot

    • Lot: 0.13 Acres

    Other Property Information

    • Parcel Number: 232812055500013080

    • Zoning: RA-4

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • BB/HS Internet Available

    • Electricity Connected

  • Other financial information

    • Annual tax amount: $3,378

  • Source details

    • MLS ID: TB8531497

    Other facts

    • Construction Materials: Block / Stucco

    • Foundation Details: Slab

    • Laundry Features: Inside

    • Direction Faces: East

    • Living Area: 1928

    • Water Source: Public

    • Subdivision Name: WASHINGTON PARK

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
33805
100
median $265K
Active
Same city
LAKELAND
1,275
median $339K
Active
Same type
House
910
median $360K
Active
Similar price
$273K – $507K
640
median $357K
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: HOME PRIME REALTY LLC