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$225,000

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 1 Full Bath
  • 816 Sq. Ft.
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Affordable, fully renovated, and move-in ready! This 2-bedroom, 1-bath home sits on a generously sized lot with plenty of room for future expansion or even a pool. Recent upgrades include new windows, stainless steel kitchen appliances, quartz countertops, custom cabinetry, and a stylish kitchen backsplash. The home was also recently painted, gray ceramic tile throughout (no carpet), recessed lighting, and ceiling fans in both bedrooms. The open floor plan offers a functional layout, with the updated bathroom conveniently located between the two bedrooms and direct access from the primary bedroom. The property is fully fenced, and Jackson Park is located directly across the street-perfect for enjoying outdoor space and recreation. This home also presents a great opportunity for investors seeking long-term rental income. Conveniently located near schools, hospitals, I-4, shopping centers, Bryant Stadium, and downtown Lakeland. No HOA or CDD.

Full Property Details for 505 W 5th St

General

  • Price: $225,000
  • Taxes: $1,629 (2025)
  • Status: Active
  • Type: Single Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: L4958915
  • Updated: 2/4/2026
  • Added to Site: 24 day(s) ago

Interior

  • Number of Rooms: 3
  • Interior Features: Ceiling Fan(s), Living Room/Dining Room Combo, Open Floorplan, Solid Wood Cabinets, Stone Counters, Window Treatments
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Furnishings: Unfurnished
  • Flooring: Ceramic Tile

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Laundry: Inside

Exterior

  • Exterior Features: Sidewalk
  • Deck/Patio: Covered, Front Porch
  • Porch/Patio/Deck: Covered, Front Porch

Location

  • Area: 33805 - Lakeland / Gibsonia
  • County: Polk
  • Development Name: 33805 - Lakeland / Gibsonia
  • Subdivision: ADAIRS ADD
  • Driving Directions: South on Bartow Rd, E on Martin Luther King Jr Ave and West on 5th Street, Right is on the right.
  • Direction Faces: South

School Information

  • Elementary School: Carlton Palmore Elem
  • Middle School: Lakeland Highlands Middl
  • High School: Tenoroc Senior

Community

  • Community Name: 33805 - Lakeland / Gibsonia
  • Community Features: Park, Playground, Sidewalks

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

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

Structural Information

  • Architectural Info: Ranch
  • Architectural Style: Ranch
  • Exterior Const.: Block, Stucco
  • Roof: Shingle
  • Common Walls: Corner Unit
  • Windows: Blinds
  • Stories/Levels: One
  • Square Feet: 816
  • Sq. Ft. Source: Public Records
  • Year Built: 1950

Lot Features

  • Property View: Park/Greenbelt
  • Lot Size (Acres): 0.2
  • Lot Size (Sq. Ft.): 8,729
  • Lot Size: 8729
  • Frontage: Street Paved
  • Street/Road Desc.: Paved
  • Fencing (Description): Chain Link, Fenced

Financial Considerations

  • Tax Amount: $1,629.11
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: ADAIRS ADD PB 3 PG 13 BLK D LOT 1 LESS R/W FOR DAKOTA AVE & LOT 2
  • Flood Zone Info: X
  • APN: 232812050500004020
  • Property ID: 232812050500004020
  • Block/Lot/Section: D

Listed by Dory Rodriguez Joseph Re Llc

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Listing agent

— 505 W 5th St —

  • Dory Rodriguez Joseph Re 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 505 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
9-126.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 505 W 5th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/04/2026
Price Reduced
$225,000
-2.17%
MLS
1/27/2026
Listed
$230,000
12.2%
MLS
3/08/2023
Sold
$205,000
—
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 505 W 5th St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,629
-4%
$133,484
-2%
2024
$1,693
-4%
$136,461
22%
2023
$1,764
239%
$112,162
287%
2021
$521
-25%
$28,988
-24%
2022
$699
34%
$38,067
56%
2021
$521
18%
$24,426
8%
2019
$441
37%
$22,609
26%
2017
$323
—
$17,972
9%
2017
$323
4%
$16,437
6%
2016
$310
7%
$15,529
9%
2015
$290
14%
$14,252
10%
2014
$254
41%
$12,956
43%
2013
$180
—
$9,042
—
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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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Dory Rodriguez Joseph Re Llc

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505 W 5th Street, Lakeland, FL 33805 (MLS# L4958915) is a Single Family property with 2 bedrooms and 1 full bathroom. 505 W 5th Street is currently listed for $225,000 and was received on January 27, 2026. Want to learn more about 505 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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