$390,000
303 W 5th Street Lakeland, FL 33805
For Sale MLS# TB8531497
5 beds 3 baths 1,928 sq ft Single Family
Details for 303 W 5th Street
MLS# TB8531497
Description for 303 W 5th Street, Lakeland, FL, 33805
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!
Listing Information
Property Type: Residential, Single Family Residence
Status: Active
Bedrooms: 5
Bathrooms: 3
Lot Size: 0.13 Acres
Square Feet: 1,928 sq ft
Year Built: 1947
Stories: 1 Story
Construction: Block,Stucco
Subdivision: Washington Park
Foundation: Slab
County: Polk
Room Information
Main Floor
Bathroom 3:
Primary Bedroom:
Bedroom 5:
Bedroom 4:
Living Room:
Kitchen:
Bedroom 3:
Bedroom 2:
Bathroom 2:
Bathroom 1:
Bathrooms
Full Baths: 3
Additonal Room Information
Laundry: Inside
Interior Features
Appliances: Microwave, Range, Refrigerator
Flooring: Carpet,Ceramic Tile,Laminate
Additional Interior Features: Ceiling Fan(s), Solid Surface Counters, Split Bedrooms
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Electricity Connected,High Speed Internet Available
Cooling: Ceiling Fan(s), Central Air, Ductless
Heating: Central
Exterior / Lot Features
Roof: Shingle
Additional Exterior/Lot Features: Private Entrance
Community Features
Community Features: Sidewalks
Driving Directions
If you're heading south on US-98 (N Florida Ave) in Lakeland, turn right to head west on W 5th St. The property will be on your right on the corner of W 5th St and N New York Ave.
Financial Considerations
Terms: Cash,Conventional
Tax/Property ID: 23-28-12-055500-013080
Tax Amount: 3378
Tax Year: 2025
A broker reciprocity listing courtesy: HOME PRIME REALTY LLC
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Copyright 2026 Stellar MLS as distributed by the MLS GRID. All Rights Reserved.
Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 303 W 5th Street
Sales History
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Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 303 W 5th Street
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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