$695,000
214 N Chestnut Road Lakeland, FL 33815
For Sale MLS# TB8415495
2,975 sq ft Multi-family
Details for 214 N Chestnut Road
MLS# TB8415495
Description for 214 N Chestnut Road, Lakeland, FL, 33815
Investor’s Dream in the Heart of Lakeland! This fully leased 6-unit residential building is an instant money maker! Each unit features its own electric meter and dedicated central A/C, providing tenants with independence and helping minimize operating expenses for the owner. Located on city utilities with a private septic system, this setup offers both convenience and cost-efficiency—ideal for any savvy investor. Roughly 496 Sq ft Under Air in each unit. Perfectly positioned near Lakeland’s top destinations, tenants enjoy easy access to Lake Mirror and the Frances Langford Promenade, Hollis Garden, Lake Morton, and Bonnet Springs Park. Just minutes away are Circle B Bar Reserve, Polk Theatre, Frank Lloyd Wright’s iconic architecture at Florida Southern College, and the AGB Museum of Art. From the Lakeland Escape Room and Family Fun Center to Common Ground Playground, the Downtown Farmers Curb Market, Silver Moon Drive-In, and Safari Wilderness Ranch, this location delivers consistent rental demand. Don’t miss your chance to own this income-producing gem in one of Central Florida’s most vibrant and growing communities!
Listing Information
Property Type: Commercial, Multi Family
Status: Active
Lot Size: 0.20 Acres
Square Feet: 2,975 sq ft
Year Built: 1982
Construction: Concrete
Foundation: Block
County: Polk
Utilities
Cooling: Central Air
Driving Directions
Located just off W Memorial Blvd, this property is easily accessible from I-4. Take Exit 28 and head east on Memorial Blvd, then turn right onto Chestnut Road. The building will be on your left—minutes from Downtown Lakeland and all the city’s main attractions.
Financial Considerations
Terms: Cash
Tax/Property ID: 23-28-15-000000-024280
Tax Amount: 4266
Tax Year: 2024
A broker reciprocity listing courtesy: HOMESMART
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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 214 N Chestnut Road
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 214 N Chestnut Road
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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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