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$399,000 Just Listed
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Property 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.
Full Property Details
Full Property Details for 115 Emma St
General
- Price: $399,000
- Taxes: $1,903 (2025)
- Status: Active
- Type: Triplex
- Source: MidFloridaRegionalMLS
- MLS ID: O6421108
- Updated: 7/1/2026
- Added to Site: 6 day(s) ago
Interior
- Interior Features: Ninguno
Rooms
Bathrooms
- Total Bathrooms: 5
Bedrooms
- Total Bedrooms: 7
Other Rooms
- Laundry: Other
Exterior
- Exterior Features: Other
Location
- Area: 33815 - Lakeland
- County: Polk
- Development Name: 33815 - Lakeland
- Subdivision: PATTERSON & COX SUB
- Driving Directions: turn right onto FL-33 North toward Lakeland Continue on FL-33 North for 2.5 miles.Turn left onto US-98 / North Florida Avenue.Continue for 0.3 miles.Turn right onto Emma Street.Continue for 1.1 miles.will be 150 feet ahead on your right.
Community
- Community Name: 33815 - Lakeland
Heating & Cooling
- Cooling Type: None
- Heating Type: None
Utilities
- Sewer: Other
- Water: See Remarks
- Utility Description: Other
Structural Information
- # Buildings: 2
- Exterior Const.: Other
- Roof: Shingle
- Square Feet: 2,696
- Sq. Ft. Source: Public Records
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.1
- Lot Size (Sq. Ft.): 4,552
- Lot Size: 4552
- Lot Dimensions: 62 x 73
- Street/Road Desc.: Gravel
Financial Considerations
- Tax Amount: $1,903.31
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: PATTERSON & COX SUB PB 1 PG 60 BLK 8 LOT 7 E1/2
- Flood Zone Info: X
- APN: 232813077000008071
- Property ID: 232813077000008071
- Block/Lot/Section: 8
Listed by Blue Lighthouse Realty Inc
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Schools
Schools serving 115 Emma St
School District:Polk County School District
| Name | Grades | Distance |
|---|---|---|
Valleyview Elementary School 2900 State Rd 540a E, Lakeland, FL 33813 | PK-5 | 7.4 mi |
Lakeland Highlands Middle School 740 Lake Miriam Drive, Lakeland, FL 33813 | 6-8 | 5.3 mi |
Lakeland Senior High School 726 Hollingsworth Road, Lakeland, FL 33801 | 9-12 | 1.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 115 Emma St
Date
Details
Price
Change
Source
7/01/2026
Listed
$399,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 115 Emma St
115 Emma Street, Lakeland, FL 33815 (MLS# O6421108) is a Triplex property with 7 bedrooms and 0 full bathrooms. 115 Emma Street is currently listed for $399,000 and was received on July 01, 2026. Want to learn more about 115 Emma Street? Do you have questions about finding other Triplex real estate for sale in Lakeland? You can browse all Lakeland real estate or contact a Coldwell Banker agent to request more information.

