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$535,000
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Property Description
Exceptional opportunity to acquire a fully occupied, income-producing quadplex in one of Lakeland's most desirable rental corridors. Located at 201 Ariana Street, this property is perfectly positioned within A brief stroll away to Florida Southern College-driving consistent, high-demand tenancy, particularly among scholars. Each of the four units is a well-designed 1-bedroom, 1-bath layout (~650 sq ft) featuring private screened porches, offering tenants added living space and privacy-an amenity that significantly enhances rental appeal. All units typically rent at $1200 a month, providing immediate, stable cash flow from day one. This property presents a strong value-add opportunity for investors looking to maximize returns. With below-market positioning relative to location demand, there is potential to increase rents over time or make light cosmetic upgrades to further enhance income and equity. Situated in a prime central location with close proximity to downtown Lakeland, dining, shopping, and major roadways, this asset benefits from both consistent tenant demand and long-term appreciation potential. Investment Highlights: Fully occupied 4-unit property - immediate cash flow All units: 1BR/1BA, ~650 sq ft each Private screened porches for every unit Current rents: $1,200/month each unit Walking distance to Florida Southern College - high student demand Strong rental market with upside potential Ideal for investors seeking stable income + value-add growth This is a rare opportunity to secure a turnkey multi-family property in a high-demand location with built-in income and future upside. *now priced under appraised value
Full Property Details
Full Property Details for 201 Ariana St #1, 2, 3, 4
General
- Sold For: $535,000
- Taxes: $4,103 (2025)
- Status: Closed
- Type: Multi-Family
- Source: MidFloridaRegionalMLS
- MLS ID: TB8493723
- Added to Site: 145 day(s) ago
Interior
- Interior Features: Ceiling Fan(s)
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 4
Exterior
- Exterior Features: Balcony, French Doors, Sidewalk
Location
- Area: 33803 - Lakeland
- County: Polk
- Development Name: 33803 - Lakeland
- Subdivision: DIXIELAND REV
- Driving Directions: Located on Ariana St just off S. Florida Ave. Parking is located in rear of building and accessible via Ariana St and/or the alley.
Community
- Community Name: 33803 - Lakeland
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Wall Units / Window Unit
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Connected, Electricity Connected, Public, Street Lights
Structural Information
- # Buildings: 1
- Exterior Const.: Other
- Roof: Shingle
- Square Feet: 2,624
- Sq. Ft. Source: Public Records
- Living Area: 2,624 Sq. Ft.
- Year Built: 1925
Lot Features
- Lot Size (Acres): 0.14
- Lot Size (Sq. Ft.): 6,233
- Lot Size: 6233
- Lot Dimensions: 50 x 125
- Street/Road Desc.: Other
Financial Considerations
- Tax Amount: $4,103.61
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: DIXIELAND PB 1 PG 67 BLK S LOT 18
- Flood Zone Info: x
- APN: 232824117500045180
- Property ID: 232824117500045180
- Block/Lot/Section: S
Listed by Flat Fee Mls Realty
Sold by Stellar Non-Member Office
Get Pre-Approved Today
Schools
Schools serving 201 Ariana St #1, 2, 3, 4
School District:Polk County School District
| Name | Grades | Distance |
|---|---|---|
Dixieland Elementary School 416 Ariana Street, Lakeland, FL 33803 | K-5 | 0.2 mi |
Southwest Middle School, Lakeland, FL 2815 Eden Parkway, Lakeland, FL 33803 | 6-8 | 1 mi |
Lakeland Senior High School 726 Hollingsworth Road, Lakeland, FL 33801 | 9-12 | 1.4 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 201 Ariana St #1, 2, 3, 4
Date
Details
Price
Change
Source
7/11/2026
Sold
$535,000
-10.82%
MLS
4/28/2026
Price Reduced
$599,900
-4%
MLS
4/21/2026
Price Reduced
$624,900
-3.85%
MLS
4/07/2026
Listed
$649,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
201 Ariana Street #1, 2, 3, 4, Lakeland, FL 33803 (MLS# TB8493723) is a Multi-Family property that was sold at $535,000 on July 11, 2026. Want to learn more about 201 Ariana Street #1, 2, 3, 4? Do you have questions about finding other Multi-Family real estate for sale in Lakeland? You can browse all Lakeland real estate or contact a Coldwell Banker agent to request more information.

