$1,299,000
1005 New York Avenue
Lakeland, FL 33803
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Located in the heart of Lakeland’s highly desirable Dixieland District, this 9-unit multifamily property presents a strong income-producing opportunity with a proven, stabilized revenue stream. The concrete block building is constructed under one roof and consists of eight two-bedroom, one-bath units and one one-bedroom, one-bath unit. Each residence has been renovated and features durable, low-maintenance flooring throughout, making this a true turnkey investment. The property offers dedicated parking for each unit and an on-site laundry facility that provides added convenience for residents while generating additional income for the owner. Major capital improvements include a roof replacement in 2018 and air conditioning replacements in 7 of the 9 units within the past five years. Each unit is separately metered for electric and has its own hot water heater, while the landlord currently pays for water. With professional management already in place, no HOA restrictions, and strong operational fundamentals, this asset is well-positioned for both seasoned investors and those seeking a reliable 1031 Exchange opportunity in one of Lakeland’s most established and charming neighborhoods. Seller financing considered with at least 50% down.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history90 days on market
- Status: ActiveFeb 26, 2026
- Listed$1,375,000Feb 26, 2026
- Price reduced$1,299,000
Virtual Tour
Facts & features
- Property type
- Commercial Sale
- Sub type
- Multi-Family 5+
- Status
- Active
- Days on market
- 90
- Subdivision
- Lake Hunter Heights
- County
- Polk
- Year built
- 1977
- Living area
- 7,241 sq ft
- Price/sq ft
- $179
- Lot size
- 19,267 sq ft
- Lot category
- 1/4 to less than 1/2
- Flood zone
- X (12105C0315G)
- Annual taxes
- $10,226 (2025)
- Parcel #
- 23-28-24-122500-001011
- Zoning
- RA-4
- MLS #
- L4959665
Interior Details
- Flooring
- Luxury Vinyl
- Appliances
- Refrigerator
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air
Parking
- Parking features
- Parking Spaces - 13 to 18
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- Listing terms
- Cash, Commercial Financing, Owner Financing, Private Financing Available, Small Business Administration
- Ownership
- Corporation
Exterior & Construction
- Construction materials
- Concrete
- Roof
- Shingle
- Foundation
- Slab
- Road surface
- Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public, See Remarks
- Utilities
- BB/HS Internet Capable, Electricity Available
Listing Details
- Listing date
- 2026-02-26
- On market date
- 2026-02-26
- Original list price
- $1,375,000
- Occupant type
- Tenant
- MLS area
- 33803 - Lakeland
- Listing AOR
- Lakeland
- Status changed
- 2026-02-26
- Tax legal description
- LAKE HUNTER HEIGHTS PB 2 PG 126 BLK A LOTS 1 TO 3
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
Take S Florida Ave (SR-37) North. Turn left onto W Highland St. 1005 S New York Ave, Lakeland, Florida 33803-1256. Complex will be on your left.
More homes like this
$235,000
1041 S Dakota Ave
Lakeland, FL 33803
2 bd · 2 ba · 816 sqft
Lake Hunter Heights
MLS# L4960906
$1,095,000
2120 Southern Oaks Ln
Lakeland, FL 33813
5 bd · 5 ba · 4,195 sqft
Southern Oaks
MLS# W7885043
$840,000
3430 N Galloway Rd
Lakeland, FL 33810
4 bd · 4 ba · 3,227 sqft
None
MLS# L4955486
$950,000
511 Lake Miriam Dr
Lakeland, FL 33813
4 bd · 3 ba · 2,418 sqft
Hallam & Co Sub
MLS# TB8512062
Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of May 27, 2026 at 1:18 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA