


$359,000
517 Oak Street
Auburndale, FL 33823
Listing updated: August 1, 2026 at 11:05 PM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Residential Investment Opportunity with Mother-in-Law Suite | Fully Leased | Immediate Cash Flow | Auburndale, FL Excellent income-producing property with immediate rental income! This well-maintained residential investment features two separate living spaces, making it an ideal opportunity for investors seeking strong cash flow in the growing Auburndale market. The property includes: Main Residence: 3 bedrooms, 2 bathrooms – currently leased for $1,500/month Mother-in-Law Residence: 2 bedrooms, 1 bathrooms – currently leased for $1,400/month Together, the property generates $2,900 month ($34,800 annually) in rental income with dependable tenants already in place, allowing the new owner to begin receiving rental income immediately after closing. The current owner has invested approximately $80,000 in renovations and improvements, helping minimize future maintenance while increasing the property's long-term value. Investment Highlights Fully leased with immediate cash flow Annual gross rental income of $34,800 Approximately $80,000 in recent upgrades Separate living spaces with excellent rental demand Reliable tenants already in place Low-maintenance investment opportunity Strong rental market in Polk County Convenient access to I-4, Lakeland, Winter Haven, Orlando, and Tampa Close to shopping, restaurants, schools, medical facilities, parks, and major employers Whether you're completing a 1031 Exchange, expanding your investment portfolio, or purchasing your first income-producing property, this is an outstanding opportunity to own a cash-flowing asset in one of Central Florida's fastest-growing markets. Schedule your private showing today!
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 history27 days on market
- Status: ActiveJul 5, 2026
- Listed$389,900Jul 5, 2026
- Price reduced$359,000
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Active
- Days on market
- 27
- Subdivision
- Auburndale Heights
- County
- Polk
- Year built
- 1930
- Living area
- 950 sq ft
- Price/sq ft
- $378
- Lot size
- 8,111 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- X (12105C0345G)
- Annual taxes
- $3,322 (2025)
- Parcel #
- 25-28-11-336500-017140
- Zoning
- R-3
- MLS #
- O6422400
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Interior Details
- Bedrooms
- 3
- Full bathrooms
- 2
- Flooring
- Luxury Vinyl
- Appliances
- Cooktop, Microwave, Range, Refrigerator
- Interior features
- Ceiling Fans(s)
- Laundry
- None
- Stories / Levels
- One
- Direction faces
- East
Heating & Cooling
- Heating
- Central, Electric
- Cooling
- Central Air
Parking
- Carport
- Yes
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Min lease term
- 1-7 Days
- Listing terms
- Cash, Conventional, Lease Purchase, Private Financing Available, VA Loan
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
Exterior & Construction
- Exterior features
- None
- Construction materials
- Stucco, Frame
- Roof
- Shingle
- Foundation
- Slab
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- BB/HS Internet Available, Cable Available, Electricity Available
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Living Room | First | 14x16 |
| Kitchen | First | 10x12 |
| Primary Bedroom | First | 12x14 |
Listing Details
- Listing date
- 2026-07-05
- On market date
- 2026-07-05
- Original list price
- $389,900
- Occupant type
- Tenant
- MLS area
- 33823 - Auburndale
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2026-07-05
- Tax legal description
- AUBURNDALE HGTS PB 2 PG 13 BLK 17 LOT 14
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
6th ST NW (Hwy 17 N), left on Havendale Blvd (544) to Magnolia. Make left on Oak, house on left.
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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 August 1, 2026 at 11:05 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.
All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.
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