About This Home

This 0-bedroom, 0-bathroom multi-family at 902 E LIME Street in Lakeland, FL is listed for $499,000 ($244 per sqft). Built in 1948, the home offers 2,048 sqft of living space on a 0.23 acres lot.

Key Features

  • Built in 1948
  • 0.23 acre lot

Property Details

1 story
1948
Listing Description

Fully leased four-unit investment opportunity near Downtown Lakeland! Located at 902-904 E Lime Street, this income-producing property features four residential units, each offering 1 bedroom, 1 bathroom, a kitchen, and living area. Two units are located within the main residence, with two additional units situated in the detached rear building, creating a unique multifamily configuration with separation between the structures.

All four units are currently leased and generate approximately $4,450 per month in gross rental income. The owner currently pays utilities, averaging approximately $634 per month, providing prospective investors with established income and operating history from day one.

The property has also demonstrated a strong history of occupancy; prior marketing materials report that it maintained full occupancy for more than a decade. Situated in the Downtown Lakeland area, the property offers convenient access to shopping, dining, employment centers, major roadways, and the amenities of Lakeland's urban core.

With 100% current occupancy, $53,400 in annual gross rental income based on current rents, and four self-contained living units, this is an opportunity to acquire an established multifamily property in a central Lakeland location. Please do not disturb tenants. Showings by appointment only. Buyer to verify all measurements, unit information, leases, income, expenses, zoning, and property details.

Monthly Cost Estimate

$2,669/mo

20% down · 6.5% · 30 years

Principal$361
Interest$2,162
Insurance$146

Estimates only. Actual payments may vary.

Location

902 E LIME Street

Lakeland, FL 33801

MORTONS ADD

Features & Amenities

Interior Features

Ceiling Fans(s)

Exterior Features

FenceSidewalk

Property Details

Flooring

LaminateTile - CeramicCarpet

Construction

Frame

Outdoor Features

Porch

Parking

DrivewayOff Street

Heating

Propane (Heating)

Appliances

MicrowaveRangeRefrigerator

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 902 E LIME Street is listed at $499,000 ($244/sqft). The estimated monthly payment is $2,669 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1948, 0.23 acre lot. Interior Features: Ceiling Fans(s). Exterior Features: Fence, Sidewalk.

This property is listed by Tony Acosta.

TA

Tony Acosta

Agent at CENTURY 21 Myers Realty

Listed by CENTURY 21 Myers Realty · Broker phone: (863) 875-5656 · View on Broker Site · Broker website

MLS# L4965488· Source: Stellar MLS· 30 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.

902 E LIME Street, Lakeland, FL 33801

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