$525,000
542 & 540 S Clayton Avenue Lakeland, FL 33801
For Sale MLS# L4963551
6 beds 3 baths 2,529 sq ft Multi-family
Details for 542 & 540 S Clayton Avenue
MLS# L4963551
Description for 542 & 540 S Clayton Avenue, Lakeland, FL, 33801
Discover the perfect opportunity to live, invest, or generate rental income with this unique property featuring two beautifully remodeled homes and a 29' x 22' detached concrete block storage building on one lot. Whether you choose to live in one home and rent the other, or maximize your returns by leasing both, this property offers incredible flexibility. The larger residence features 4 bedrooms, 2 bathrooms, and 1,679 square feet of living space. Inside, you'll find a spacious living room, separate family room, inside laundry, and a stunning new kitchen complete with new cabinetry, countertops, and appliances. Luxury vinyl plank flooring flows throughout the home, complemented by fresh interior paint and new ceiling fans. The second home offers 2 bedrooms, 1 bathroom, and includes a single-car garage with an adjoining storage/laundry room featuring washer and dryer hookups. Like the main home, it has been completely remodeled with luxury vinyl plank flooring, fresh paint, new ceiling fans, and a beautifully updated kitchen with new cabinets, countertops, and appliances. Adding even more value is the detached 29' x 22' concrete block storage building, complete with electricity and a half bath—ideal for a workshop, hobby space, business storage, or additional flex space. Conveniently located in the heart of Lakeland, this property is just a short walk to both Lake Hollingsworth and Lake Morton, offering easy access to scenic walking trails, parks, and all the charm of central Lakeland. Don't miss this rare opportunity to own a move-in-ready, income-producing property in one of Lakeland's most desirable locations!
Listing Information
Property Type: Residential, Duplex
Status: Active
Bedrooms: 6
Bathrooms: 3
Lot Size: 0.29 Acres
Square Feet: 2,529 sq ft
Year Built: 1953
Garage: Yes
Construction: Block
Subdivision: Biltmore Park Sub
Foundation: Slab
County: Polk
Additonal Room Information
Laundry: In Garage, Laundry Room
Interior Features
Appliances: Electric Water Heater, Microwave, Range, Refrigerator
Flooring: Luxury Vinyl
Doors/Windows: Window Treatments
Additional Interior Features: Ceiling Fan(s), Eat-In Kitchen, Window Treatments
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Cable Connected,Electricity Connected
Cooling: Ceiling Fan(s), Central Air
Heating: Electric
Exterior / Lot Features
Attached Garage: Attached Garage
Garage Spaces: 1
Roof: Shingle
Lot Dimensions: 48.6x61
Additional Exterior/Lot Features: Out Building(s)
Out Buildings: Outbuilding
Unit Information
Unit 1 Units Total: 1
Unit 1 Actual Rent: 1700
Unit 1 Baths Total: 1
Unit 1 Beds Total: 2
Unit 2 Units Total: 1
Unit 2 Actual Rent: 2200
Unit 2 Baths Total: 2
Unit 2 Beds Total: 4
Driving Directions
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Financial Considerations
Tax/Property ID: 24-28-19-218000-003010
Tax Amount: 3319.35
Tax Year: 2025
A broker reciprocity listing courtesy: REGAL REAL ESTATE LLC
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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 542 & 540 S Clayton Avenue
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 542 & 540 S Clayton Avenue
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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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