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$249,000

  • For Sale
  • Active
  • Duplex
  • 4 Beds
  • 2 Total Baths
  • 1,813 Sq. Ft.
  • Updated 9 days ago
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INVESTMENT OPPORTUNITY NEAR DOWNTOWN LAKELAND! This cement-block duplex features two 2-bedroom, 1-bath units, each offering more than 900 square feet of living area. Both units are currently rented, providing immediate rental income for the new owner. Additional highlights include fenced yards and new roof shingles, fascia and soffits completed in 2026. The property also provides ample off-street parking with six designated spaces. Conveniently located near downtown Lakeland with easy access to shopping, dining, employment and major roadways. Priced below market at $249,000. This income-producing property offers an excellent opportunity to add a solid rental property to your investment portfolio. The rents are below normal rents in the area. The rents in the community range in the $1100 to $1400 per side unit. PLEASE CALL TODAY FOR ADDITIONAL INFORMATION!!

Full Property Details for 506 S Westgate Ave

General

  • Price: $249,000
  • Taxes: $2,020 (2025)
  • Status: Active
  • Type: Duplex
  • Source: MidFloridaRegionalMLS
  • MLS ID: L4964553
  • Updated: 8/31/2026
  • Added to Site: 9 day(s) ago

Rental Information

  • Lease/Rent Term: 12 Months

Interior

  • Interior Features: Ceiling Fan(s)
  • Appliances: Electric Water Heater, Range, Range Hood

Rooms

Bathrooms

  • Total Bathrooms: 2

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Laundry: Electric Dryer Hookup, Laundry Closet, Washer Hookup

Exterior

  • Exterior Features: Fenced

Location

  • Area: 33815 - Lakeland
  • County: Polk
  • Development Name: 33815 - Lakeland
  • Subdivision: WESTGATE
  • Driving Directions: Main St to traffic circle continue straight onto west main turn right on Olive St to left on Westgate to duplex on your right

School Information

  • Elementary School: Rosabelle W. Blake
  • High School: Kathleen High

Community

  • Community Name: 33815 - Lakeland

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central, Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable Connected, Electricity Connected, Sewer Connected, Water Connected

Structural Information

  • # Buildings: 1
  • Exterior Const.: Block, Concrete
  • Roof: Shingle
  • Square Feet: 1,813
  • Sq. Ft. Source: Public Records
  • Year Built: 1979

Lot Features

  • Lot Size (Acres): 0.16
  • Lot Size (Sq. Ft.): 6,791
  • Lot Size: 6791
  • Lot Dimensions: 60 x 113
  • Frontage: Street Paved
  • Street/Road Desc.: Paved, Asphalt

Financial Considerations

  • Assoc Fee Desc.: None
  • Tax Amount: $2,020
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: WESTGATE PB 10 PG 23 BLK 10 LOTS 36 & S 20 FT OF 37
  • Flood Zone Info: X
  • APN: 232823100500010360
  • Property ID: 232823100500010360
  • Block/Lot/Section: 10

Listed by Keller Williams Realty

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Listing agent

— 506 S Westgate Ave —

  • Keller Williams Realty

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 506 S Westgate Ave

School District:Polk County School District
NameGradesDistance
Kathleen Senior High School
1100 Red Devil Way, Lakeland, FL 33815
9-121.6 mi
Scott Lake Elementary School, Lakeland, FL
1140 County Road 540A, Lakeland, FL 33813
PK-56.2 mi
Southwest Middle School, Lakeland, FL
2815 Eden Parkway, Lakeland, FL 33803
6-82 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 506 S Westgate Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/31/2026
Listed
$249,000
522.5%
MLS
7/02/2014
Sold
$40,000
—
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 506 S Westgate Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,020
9%
$74,633
-60%
2024
$1,860
-1%
$187,776
-6%
2023
$1,870
29%
$199,512
51%
2022
$1,448
6%
$131,764
10%
2021
$1,363
—
$119,412
158%
2021
$1,363
90%
$46,341
15%
2017
$719
—
$40,205
10%
2017
$719
7%
$36,550
9%
2016
$671
4%
$33,608
6%
2015
$643
-26%
$31,630
-28%
2019
$873
46%
$44,226
45%
2014
$599
-3%
$30,562
-1%
2013
$617
—
$30,922
—
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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Listed by Keller Williams Realty

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506 S Westgate Avenue, Lakeland, FL 33815 (MLS# L4964553) is a Duplex property with 4 bedrooms and 0 full bathrooms. 506 S Westgate Avenue is currently listed for $249,000 and was received on August 31, 2026. Want to learn more about 506 S Westgate Avenue? Do you have questions about finding other Duplex 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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