About This Home

This 7-bedroom, 5-bathroom multi-family at 115 EMMA Street in Lakeland, FL is listed for $334,990 ($124 per sqft). Built in 1900, the home offers 2,696 sqft of living space on a 0.10 acres lot.

Key Features

  • Built in 1900
  • 0.10 acre lot

Property Details

5 full
1900
Listing Description

Don't miss this exceptional redevelopment and income-producing opportunity in the rapidly growing Lakeland market. Situated on a single parcel, this property consists of three total residential units across two separate buildings: * One duplex with separate electric meters for each unit.

* One detached single-family home. Included with the sale are professionally completed Mechanical, Electrical, and Plumbing (MEP) plans, providing a significant head start for redevelopment and substantially reducing the time and expense required before construction.

Proposed Redevelopment Plans * Detached Single-Family Home: Reconfigured into a modern 3-bedroom, 2-bathroom residence. * Duplex: Complete redesign into two expansive 5-bedroom, 3-bathroom units, creating a total of 13 bedrooms and 8 bathrooms across the property.

The proposed layouts maximize rental potential while incorporating modern floor plans, updated building systems, and efficient use of space. Whether your strategy is traditional multifamily rentals, co-living, workforce housing, or another high-income rental model, this property offers exceptional flexibility. Located just minutes from downtown Lakeland with convenient access to Interstate 4, the property benefits from strong rental demand while offering easy access to both Tampa and Orlando.

Monthly Cost Estimate

$1,792/mo

20% down · 6.5% · 30 years

Principal$242
Interest$1,452
Insurance$98

Estimates only. Actual payments may vary.

Location

115 EMMA Street

Lakeland, FL 33815

PATTERSON & COX SUB

Features & Amenities

Interior Features

Ninguno

Questions & Answers

This 7-bedroom, 5-bathroom multi-family at 115 EMMA Street is listed at $334,990 ($124/sqft). The estimated monthly payment is $1,792 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 0.10 acre lot. Interior Features: Ninguno.

This property is listed by Jorge Zea.

JZ

Jorge Zea

Agent at Blue Lighthouse Realty, Inc.

Listed by Blue Lighthouse Realty, Inc. · Broker phone: (305) 244-7242 · View on Broker Site · Broker website

MLS# O6421108· Source: Stellar MLS· 125 days on PropertySimple

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

115 EMMA Street, Lakeland, FL 33815

Open this listing in: