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$390,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 5 Beds
  • 3 Full Baths
  • 1,928 Sq. Ft.
  • Updated 2 days ago
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Incredible income-producing property in Lakeland! Completely renovated from top to bottom with fresh paint, modern finishes, and all-new systems, this multi-unit property is a true turnkey investment. Two Smart Ways to Buy: As an Owner-Occupant: Move right into the spacious main house (market value estimated at $2,000/month) while the two secondary units already generate steady income ($1,100/mo and $1,200/mo). The main house will be vacant in August, and the other units are secured with stable 1-year leases and deposits in place. As a Pure Investor: Lease out the main house to maximize your cash flow, bringing the total gross monthly income to approximately $4,300/mo from day one. Featuring a versatile layout, brand-new updates throughout, and a fantastic location, this high-return property offers endless flexibility and immediate results. Schedule your showing today!

Full Property Details for 303 W 5th St

General

  • Price: $390,000
  • Taxes: $3,378 (2025)
  • Status: Active
  • Type: Single Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: TB8531497
  • Updated: 7/24/2026
  • Added to Site: 6 day(s) ago

Interior

  • Number of Rooms: 10
  • Interior Features: Ceiling Fan(s), Solid Surface Counters, Split Bedroom
  • Appliances: Microwave, Range, Refrigerator
  • Furnishings: Unfurnished
  • Flooring: Carpet, Ceramic Tile, Laminate

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 5

Other Rooms

  • Laundry: Inside

Exterior

  • Exterior Features: Private Entrance, Sidewalk

Location

  • Area: 33805 - Lakeland / Gibsonia
  • County: Polk
  • Development Name: 33805 - Lakeland / Gibsonia
  • Subdivision: WASHINGTON PARK
  • Driving Directions: If you're heading south on US-98 (N Florida Ave) in Lakeland, turn right to head west on W 5th St. The property will be on your right on the corner of W 5th St and N New York Ave.
  • Direction Faces: East

Community

  • Community Name: 33805 - Lakeland / Gibsonia

Heating & Cooling

  • Cooling Type: Central Air, Mini-Split Unit(s)
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: BB/HS Internet Available, Electricity Connected

Structural Information

  • Exterior Const.: Block, Stucco
  • Roof: Shingle
  • Stories/Levels: One
  • Square Feet: 1,928
  • Sq. Ft. Source: Owner
  • Year Built: 1947

Lot Features

  • Lot Size (Acres): 0.13
  • Lot Size (Sq. Ft.): 5,863
  • Lot Size: 5863
  • Street/Road Desc.: Asphalt

Financial Considerations

  • Tax Amount: $3,378
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: WASHINGTON PARK PB 1 PG 99 BLK 13 LOT 8
  • Flood Zone Info: X
  • APN: 232812055500013080
  • Property ID: 232812055500013080
  • Block/Lot/Section: 13

Listed by Home Prime Realty Llc

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Listing agent

— 303 W 5th St —

  • Home Prime Realty Llc

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 303 W 5th St

School District:Polk County School District
NameGradesDistance
Carlton Palmore Elementary School
3725 Cleveland Heights Boulevard, Lakeland, FL 33803
PK-54.4 mi
Lakeland Highlands Middle School
740 Lake Miriam Drive, Lakeland, FL 33813
6-85.7 mi
Tenoroc High School
4905 Saddle Creek Road, Lakeland, FL 33801
9-126.2 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 303 W 5th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/22/2026
Listed
$390,000
293.94%
MLS
11/08/2021
Sold
$99,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 303 W 5th St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,378
-4%
$187,251
-4%
2024
$3,517
-2%
$194,791
-1%
2023
$3,591
128%
$196,977
130%
2022
$1,575
29%
$85,716
-14%
2021
$1,218
—
$99,117
123%
2021
$1,218
130%
$44,463
64%
2019
$529
-17%
$27,151
-16%
2018
$639
—
$32,502
—
2017
$642
1%
$32,624
3%
2016
$634
3%
$31,716
5%
2015
$616
6%
$30,285
2%
2014
$581
-5%
$29,655
-3%
2013
$612
—
$30,675
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Home Prime Realty Llc

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303 W 5th Street, Lakeland, FL 33805 (MLS# TB8531497) is a Single Family property with 5 bedrooms and 3 full bathrooms. 303 W 5th Street is currently listed for $390,000 and was received on July 22, 2026. Want to learn more about 303 W 5th Street? Do you have questions about finding other Single Family real estate for sale in Lakeland? You can browse all Lakeland real estate or contact a Coldwell Banker agent to request more information.

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