$695,000
214 Chestnut Road
Lakeland, FL 33815
Listing updated: August 28, 2026 at 10:11 PM ET
Listing courtesy of Lokation · Mohamed Dembele · MLS #TB8534756 · Active · 954-545-5583Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Fully leased 6-unit multifamily in the heart of Lakeland — six 1BD/1BA units at approximately 496 sq ft each, all occupied and producing from day one. Every unit has its own electric meter and central A/C, keeping tenants self-sufficient and owner expenses lean. Solid concrete construction means durability and low maintenance year after year. City water with private septic. Steps from the best of downtown: Lake Mirror, Hollis Garden, Bonnet Springs Park, the Polk Theatre, and Florida Southern College. True turnkey cash flow in one of Central Florida's fastest-growing markets — the kind of asset that rarely comes available.
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 history18 days on market
- Status: ActiveAug 10, 2026
- Listed$695,000Aug 10, 2026
- Price increased$695,000
Facts & features
- Property type
- Commercial Sale
- Sub type
- Multi-Family 5+
- Status
- Active
- Days on market
- 18
- County
- Polk
- Year built
- 1982
- Living area
- 2,975 sq ft
- Price/sq ft
- $174
- Building area
- 3,999 sq ft (Public Records)
- Lot size
- 8,756 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- X (12105C0311G)
- Annual taxes
- $11,702 (2025)
- Parcel #
- 23-28-15-000000-024280
- Zoning
- PUD
- MLS #
- TB8534756
Ask about this home
Have a question? Ask the broker directly.
Ryan Solberg answers personally — no call center, no spam. Your question goes straight to him.
Interior Details
- Appliances
- Refrigerator
- Stories / Levels
- One
Heating & Cooling
- Cooling
- Central Air
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- Listing terms
- Cash, Commercial Financing
- Ownership
- Fee Simple
Exterior & Construction
- Construction materials
- Concrete
- Foundation
- Concrete Perimeter
- Road surface
- Brick, Concrete
Utilities
- Sewer
- Septic Tank
- Water source
- Public
- Utilities
- Electricity Available, Phone Available, Public, Telephone Nearby
Listing Details
- Listing date
- 2026-07-31
- On market date
- 2026-08-10
- Original list price
- $695,000
- Occupant type
- Tenant
- MLS area
- 33815 - Lakeland
- Listing AOR
- Osceola
- Status changed
- 2026-08-10
- Tax legal description
- BEG 535PT1 FT S OF NE COR OF E1/4 OF SW1/4 OF SE1/4 RUN W 155 FT S 65 FT E 155 FT N TO BEG LESS MAINT R/W
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
From I-4, take Exit 32 (US-98 / Lakeland) and head north on US-98 for about 3 miles. Turn onto E Memorial Blvd, then turn onto N Chestnut Rd — the property is on the right, just off the highway.
More homes like this
$465,000
1515 Leighton Ave
Lakeland, FL 33803
4 bd · 2 ba · 3,151 sqft
Rugby Estates
MLS ID #L4964459, COMPASS FLORIDA LLC.
Listing provided by Stellar MLS
$430,000
4510 Penkert Pl
Lakeland, FL 33811
5 bd · 4 ba · 2,712 sqft
Village/Gresham Farms
MLS ID #O6408044, OPENDOOR BROKERAGE LLC.
Listing provided by Stellar MLS
$499,000
803 College Ave
Lakeland, FL 33801
3 bd · 2 ba · 2,187 sqft
Johnsons T H Sub
MLS ID #O6439435, BEYCOME OF FLORIDA LLC.
Listing provided by Stellar MLS
$450,000
4225 Old Kathleen Rd
Lakeland, FL 33810
3 bd · 2 ba · 1,595 sqft
No Subdivision
MLS ID #TB8497071, LPT REALTY, LLC.
Listing provided by Stellar MLS
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 28, 2026 at 10:11 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.
Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA