542 & 540 S Clayton Ave, photo 1
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Overview

6 bd3 ba2,529 sqft1 car garageDuplex
TypeDuplex
HOANone listed
Built1953
Lot12,528 sqft
Living area2,529 sqft
Price / sqft$193
Garage1 car

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About this home

Ceiling Fans(s)Eat-in KitchenWindow TreatmentsOutbuildingsElectric Water HeaterMicrowaveRangeRefrigerator

542 & 540 S Clayton Ave is a 1953-built home in Biltmore Park Sub, Lakeland. Inside you'll find 6 bedrooms, 3 bathrooms, and 2,529 square feet of living space. Listed at $489,000 (about $193/sqft), 87 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

Discover the perfect opportunity to live, invest, or generate rental income with this unique property featuring two beautifully remodeled homes and a 29' x 22' detached concrete block storage building on one lot. Whether you choose to live in one home and rent the other, or maximize your returns by leasing both, this property offers incredible flexibility. The larger residence features 4 bedrooms, 2 bathrooms, and 1,679 square feet of living space. Inside, you'll find a spacious living room, separate family room, inside laundry, and a stunning new kitchen complete with new cabinetry, countertops, and appliances. Luxury vinyl plank flooring flows throughout the home, complemented by fresh interior paint and new ceiling fans. The second home offers 2 bedrooms, 1 bathroom, and includes a single-car garage with an adjoining storage/laundry room featuring washer and dryer hookups. Like the main home, it has been completely remodeled with luxury vinyl plank flooring, fresh paint, new ceiling fans, and a beautifully updated kitchen with new cabinets, countertops, and appliances. Adding even more value is the detached 29' x 22' concrete block storage building, complete with electricity and a half bath—ideal for a workshop, hobby space, business storage, or additional flex space. Conveniently located in the heart of Lakeland, this property is just a short walk to both Lake Hollingsworth and Lake Morton, offering easy access to scenic walking trails, parks, and all the charm of central Lakeland. Don't miss this rare opportunity to own a move-in-ready, income-producing property in one of Lakeland's most desirable locations!

The essentials

Built
1953
Price / sqft
$193
On market
87 days
Annual tax
$3,319
Flood zone
X · Low risk
Lot
12,528 sqft
Type
Duplex

At a glance

Multi-family
Built 1953
1 car garage
0.29 acres
Lot size
2,529 sqft
Living area

Payment

Est. monthly payment
$3,071/mo
Down payment (20%)
$97,800
Property taxes
$277/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Duplex
Year Built
1953
Lot
12,528 sqft
Cooling
Central Air
Heating
Electric
Parking
-
Days on Market
87
Ceiling Fans(s)
Eat-in Kitchen
Window Treatments
Outbuildings
Electric Water Heater
Microwave
Range
Refrigerator
Flood Zone X
Annual Tax (2025)
$3,319
Parcel #
24-28-19-218000-003010

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Biltmore Park Sub
County
Polk
MLS Area
33801 - Lakeland
Lot Size
12,528 sqft

Price history

Date
Event
Price
9/24/2026
Price change
Source: Stellar MLS #L4963551
$489,000-2.2%
$193/sqft
-
Price change
Source: Stellar MLS #L4963551
$499,900-4.8%
$198/sqft
7/15/2026
Listed for sale
Source: Stellar MLS #L4963551
$525,000
$208/sqft

Neighborhood

542 & 540 S Clayton Ave
Lakeland, FL, 33801 · 33801 - Lakeland

Market insights

Offer Insights

Choose an offer strength

List price: $489,000
$487,500 – $489,000
99.5% – 100% of listTops out right at the list price
80% of listList price
93 of the last 164 home closings in 33801 landed at this number or higher (57%). The median one sat 27 days before it went under contract, and this one is on day 87 after a $36,000 cut.

Sample: 164 closed home sales in 33801 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$3,071/mo
Principal & interest$2,550
Property taxes$277
Insurance$245
Down payment20% · $97,800
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$489,000

$193 per sq ft

Beds and baths

6 beds, 3 baths

Size

2,529 sq ft

Time on market

87 days

Year built

1953

Monthly payment

About $3,071/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $3,319 annual tax bill, insurance.

Flood zone

Zone X

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Offer

What should I offer?

Have another question?

Brokered byREGAL REAL ESTATE LLCListing agent: Debbie Ward-TerryListing data from Stellar MLS, MLS# L4963551.

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