902 E Lime St, photo 1
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Overview

0 bd0 ba2,048 sqftQuadruplex
TypeQuadruplex
HOANone listed
Built1948
Lot10,001 sqft
Living area2,048 sqft
Price / sqft$244

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

Ceiling Fans(s)FenceSidewalkMicrowaveRangeRefrigerator

902 E Lime St is a 1948-built home in Mortons Add, Lakeland. Listed at $499,000 (about $244/sqft), 12 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

Fully leased four-unit investment opportunity near Downtown Lakeland! Located at 902-904 E Lime Street, this income-producing property features four residential units, each offering 1 bedroom, 1 bathroom, a kitchen, and living area. Two units are located within the main residence, with two additional units situated in the detached rear building, creating a unique multifamily configuration with separation between the structures. All four units are currently leased and generate approximately $4,450 per month in gross rental income. The owner currently pays utilities, averaging approximately $634 per month, providing prospective investors with established income and operating history from day one. The property has also demonstrated a strong history of occupancy; prior marketing materials report that it maintained full occupancy for more than a decade. Situated in the Downtown Lakeland area, the property offers convenient access to shopping, dining, employment centers, major roadways, and the amenities of Lakeland’s urban core. With 100% current occupancy, $53,400 in annual gross rental income based on current rents, and four self-contained living units, this is an opportunity to acquire an established multifamily property in a central Lakeland location. Please do not disturb tenants. Showings by appointment only. Buyer to verify all measurements, unit information, leases, income, expenses, zoning, and property details.

The essentials

Built
1948
Price / sqft
$244
On market
12 days
Annual tax
$2,187
Flood zone
X · Low risk
Lot
10,001 sqft
Type
Quadruplex

At a glance

Single family
Built 1948
10,001 sqft lot
Lot size
2,048 sqft
Living area

Payment

Est. monthly payment
$3,034/mo
Down payment (20%)
$99,800
Property taxes
$182/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Quadruplex
Year Built
1948
Lot
10,001 sqft
Cooling
Mini-Split Unit(s)
Heating
Propane
Parking
Driveway, Ground Level, Off Street, Parking Pad
Days on Market
12
Ceiling Fans(s)
Fence
Sidewalk
Microwave
Range
Refrigerator
Elementary
Philip O’Brien Elementary
Middle
Sleepy Hill Middle
High
Lakeland Senior High

Districts can re-zone, so verify directly with the district before relying on these.

Flood Zone X
Annual Tax (2025)
$2,187
Parcel #
24-28-18-205000-007212

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
Mortons Add
County
Polk
MLS Area
33801 - Lakeland
Lot Size
10,001 sqft
Historic DistrictCity LimitsSidewalkPaved

Price history

Date
Event
Price
10/1/2026
Listed for sale
Source: Stellar MLS #L4965488
$499,000
$244/sqft

Neighborhood

902 E Lime St
Lakeland, FL, 33801 · 33801 - Lakeland

Market insights

Offer Insights

Choose an offer strength

List price: $499,000
$497,500 – $499,000
99.5% – 100% of listTops out right at the list price
80% of listList price
95 of the last 166 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 12.

Sample: 166 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
$3,034/mo
Principal & interest$2,602
Property taxes$182
Insurance$250
Down payment20% · $99,800
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

$499,000

$244 per sq ft

Size

2,048 sq ft

Time on market

12 days

Year built

1948

Monthly payment

About $3,034/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $2,187 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 byCENTURY 21 MYERS REALTYListing agent: Tony AcostaListing data from Stellar MLS, MLS# L4965488.

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