901 PENNSYLVANIA AVENUE
LAKELAND, FL 33803
About this home
GREAT INCOME-PRODUCING INVESTMENT OPPORTUNITY IN THE HEART OF LAKELAND! Located at 901 Pennsylvania Ave, this well-positioned fourplex offers investors the opportunity to own a multi-family property in the highly desirable Lake Morton Historic District. The property consists of 4 spacious 1-bedroom, 1-bath units, each approximately 900 square feet, offering a highly rentable layout and strong long-term income potential. The property maintains much of its original Florida character, including original hardwood floors, solid wood doors, and charming architectural details rarely found in newer construction. Units also feature additional touches such as washer/dryer accommodations, sunrooms adding to their appeal and rental potential. LOCATION IS A MAJOR HIGHLIGHT. The property is conveniently situated near Florida Southern College, Lake Morton, Downtown Lakeland, the public library, museums, restaurants, shopping, entertainment, and major roadways. Its central location provides excellent access to many of Lakeland's most desirable destinations while placing tenants close to employment, education, recreation, and everyday conveniences. Whether you're looking to expand an existing rental portfolio, enter the multifamily investment market, or acquire a long-term income-producing asset, 901 Pennsylvania Ave offers an excellent combination of location, character, multiple rental units, and future income potential. 4 units. 1 property. Multiple income streams. A great opportunity to invest in one of Lakeland's established neighborhoods.
Facts & features
Interior
- Bedrooms
- 16
- Bathrooms
- 16
- Living area
- 3,272 sqft
- Heating
- Central
- Cooling
- Central Air
- Features
- Ceiling Fans(s)
- Appliances
- Gas Water Heater, Range, Refrigerator
Exterior & lot
- Lot size
- 4,199 sqft (0.1 ac)
- Roof
- Shingle
- Construction
- Frame, Wood Siding
- Exterior
- Other, Sidewalk
Financial
- Annual tax
- $6,997 (2025)
- Price / sqft
- $205/sqft
Utilities
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Electricity Connected, Natural Gas Connected, Water Connected
Property
- Property type
- Multi-Family
- Year built
- 1902
- Subdivision
- SCOTTS LAKELAND HEIGHTS
- County
- Polk
Listing
- Status
- Active
- Days on market
- 1 day
- MLS #
- MFR802635915
- Source
- Stellar MLS
Listed by James Migues · LIST-A-HOUSE REALTY, LLC
Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.
Sample estimate — not an appraisal
Based on 15 comparable sales within 2 miles of LAKELAND, FL, this home is priced under RENA ValiQ.
Reference only. Estimates blend public sale comps, neighbourhood trend and the listing’s own metrics. Final price moves on diligence, terms and timing — RENA is your second read, not your agent.
Estimate your monthly cost
PITI + HOA- Principal & interest
- $3,566/mo
- Property tax
- $558/mo
- Home insurance
- $200/mo
Tax, insurance and HOA are editable estimates with Florida-typical defaults — Florida homeowners insurance in particular varies widely by location and elevation. Confirm exact figures with a lender and insurer.
Ask about this property
Answered from this listing’s own figures and the sales around it.
Price history
From the property’s MLS record.
| Date | Event | Price | Change |
|---|---|---|---|
| Aug 12, 2026 | Listed | $670,000 | — |
NeighbourhoodSample data
Reference scores for LAKELAND, FL. Schools, mobility and amenities feed live data once the dedicated provider connection lands.
Location
Frequently asked questions
What would 901 PENNSYLVANIA AVENUE, LAKELAND cost per month?
About $4,306 a month: $3,388 principal and interest, $583 property tax, $335 insurance. That assumes 20% down at 6.5% over 30 years.
Is 901 PENNSYLVANIA AVENUE, LAKELAND priced fairly?
Comparable sales nearby put it between $643,586 and $740,470, with $692,028 in the middle. That is from 8 properties of the same type and size within three miles, at a median of $212 a square foot.
How does 901 PENNSYLVANIA AVENUE, LAKELAND compare to nearby homes?
8 comparable properties within three miles. The nearest: 211 PARK STREET, LAKELAND, FL at $850,000, 3,640 sq ft, 0.33 miles away; 1031 LIME STREET, LAKELAND, FL at $829,900, 3,617 sq ft, 0.86 miles away; 542 & 540 CLAYTON AVENUE, LAKELAND, FL at $515,000, 2,529 sq ft, 0.93 miles away.
How long has 901 PENNSYLVANIA AVENUE, LAKELAND been on the market?
1 day on the market.
Has the price of 901 PENNSYLVANIA AVENUE, LAKELAND changed?
The price has not moved since it was listed.
How big is 901 PENNSYLVANIA AVENUE, LAKELAND?
16 bed, 16 bath, 3,272 square feet. That is $205 a square foot.
What year was 901 PENNSYLVANIA AVENUE, LAKELAND built?
Built in 1902.
What is the HOA fee at 901 PENNSYLVANIA AVENUE, LAKELAND?
The feed lists no association fee for this property.
What are the property taxes at 901 PENNSYLVANIA AVENUE, LAKELAND?
Property tax works out to about $583 a month, $6,997 a year.
Is 901 PENNSYLVANIA AVENUE, LAKELAND still available?
It is still on the market.
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