115 EMMA STREET, LAKELAND, FL 33815
PATTERSON & COX SUB · Polk County
Key Facts
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.
Property Information
Property Type
Residential Income
Sub-Type
Triplex
Year Built
1900
Living Area
2,696 sq ft
Lot Size
0.10 acres
Lot Dimensions
62x73
Ownership
Fee Simple
Zoning
RA-4
Days on Market
1
MLS® Listing#
O6421108
Property Features
Exterior
Cooling
Heating
Laundry
Construction
Foundation
Roof
Utilities
Sewer
Water Source
Financial Details
HOA
None
Annual Taxes
$1,903
Tax year 2025
Parcel Number
23-28-13-077000-008071
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.
Affordability Calculator
$79,800
Estimated monthly payment
$2,124/mo
Principal $319,200 · Est. interest $445,312 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in LAKELAND, FL
- $332,376
- Median Listing Price
- 67
- Median Days on Market
- 1,747
- Median Sq Ft
- $194
- Median Price / Sq Ft
- 1,138
- Active Listings
- This home’s price is 20% above the area median.
- Its price per sq ft is 24% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in LAKELAND, FL.
Location
Points of Interest in LAKELAND, FL
Showing the LAKELAND area map.
Nearby Schools
Inspire Academy
School · 0.2 mi away
Academy Prep Center of Lakeland
School · 0.3 mi away
McKeel Academy Central
School · 0.4 mi away
Lawton Chiles Middle Academy
School · 0.4 mi away
Alpha Bright Children LRNG Ctr II
School · 0.7 mi away
New Beginnings High School
Secondary · 0.7 mi away
Rochelle School of the Arts
Elementary · 0.7 mi away
Lincoln Ave Academy
School · 0.8 mi away
Greater St Paul Academy
School · 0.8 mi away
Lakeland Montessori
Elementary · 1.1 mi away
Blake Academy
School · 1.2 mi away
Achievement Academy
School · 1.2 mi away
Lakeland Montessori Middle School
Elementary · 1.3 mi away
Pace Center for Girls
Secondary · 1.3 mi away
St. Joseph Academy
School · 1.4 mi away
Philip O'Brien Elementary School
Elementary · 1.4 mi away
West Area Adult School
School · 1.4 mi away
Happy Days School
School · 1.5 mi away
McKeel Academy
School · 1.6 mi away
Harrison School for the Arts
Secondary · 1.7 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 907 N WABASH AVE, LAKELAND, FL | $299,000 | 7 | 4 | 1,480 |
| 711 NASHVILLE ROAD, LAKELAND, FL | $325,000 | 7 | 3 | 2,473 |
| 2253 & 2249 GOLFVIEW STREET, LAKELAND, FL | $325,000 | 6 | 3 | 2,012 |
| 2063 OLD PASTURE LANE, LAKELAND, FL | $379,999 | 6 | 3 | 2,614 |
| 4395 TROTTERS WAY, LAKELAND, FL | $385,000 | 6 | 3 | 3,415 |
| 1108 JEWEL AVENUE, LAKELAND, FL | $399,000 | 6 | 4 | 2,040 |
Moving Cost Estimate
EXIT Agents in LAKELAND
Listing Courtesy: BLUE LIGHTHOUSE REALTY INC - 786-268-9772
Last Updated: 2026-06-30