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Overview

4 bd2 ba2,412 sqftHalf Duplex
TypeHalf Duplex
HOANone listed
Built1917
Lot6,098 sqft
Living area2,412 sqft
Price / sqft$222

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

About this home

Ceiling Fans(s)Outdoor GrillOutdoor KitchenSidewalkElectric Water HeaterGas Water HeaterRangeRefrigerator

118 S Waterloo Ave is a 1917-built home in Nichols & Waring OR Ozone Park, Lakeland. Inside you'll find 4 bedrooms, 2 bathrooms, and 2,412 square feet of living space. Listed at $535,000 (about $222/sqft), 2 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

RARE OPPORTUNITY IN THE HEART OF DOWNTOWN LAKELAND! Historic charm meets investment potential in this distinctive 1917 duplex offering approximately 2,412 square feet per public records, multi-family zoning, and NO HOA! Whether you're looking to expand your investment portfolio or live in one unit while renting out the other, this property offers exceptional versatility in a sought-after downtown location. Built with cedar wood framing, this charming property features two separate living units. The first-floor unit offers 2 bedrooms, 1 bathroom, beautiful real wood flooring, a kitchen with granite countertops, and a flexible bonus space with a washer and dryer, ideal for a family room, home office, or hobby area. The second-floor unit features 1 bedroom, 1 bathroom, and an additional multipurpose room, offering flexibility to suit a variety of needs. The upstairs unit also has its own gas and electric meters. Step outside and discover one of this property's standout features: a spacious covered deck designed for outdoor living and entertaining! The outdoor kitchen features a farmhouse-style sink, cabinetry, a built-in grill, and a wine cooler, with the grill and wine cooler INCLUDED IN THE SALE! Whether hosting weekend gatherings or simply enjoying a quiet Florida evening, this inviting outdoor space is sure to impress. The front yard showcases distinctive landscaping with decorative stone and a variety of succulents, creating beautiful curb appeal with minimal lawn maintenance. Additional highlights include a NEW ROOF installed in April 2025 and a first-floor water heater approximately 6 years old. And let's talk about LOCATION! Just a short walk from scenic Lake Mirror, the beautiful 1.2-acre Hollis Garden, The Joinery artisan food hall, and Downtown Lakeland's vibrant selection of restaurants, shops, and entertainment. Enjoy the convenience of having some of the city's most popular destinations right outside your door! BOTH UNITS WILL BE DELIVERED VACANT AT CLOSING, allowing the next owner the flexibility to move in, lease the units, or explore other permitted uses. With NO HOA, historic character, and an unbeatable downtown location, this is a unique opportunity you won't want to miss! Schedule your private showing today. Buyer and buyer's agent to verify square footage, measurements, zoning, and intended uses.

The essentials

Built
1917
Price / sqft
$222
On market
2 days
Annual tax
$1,469
Flood zone
X · Low risk
Lot
6,098 sqft
Type
Half Duplex

At a glance

Multi-family
Built 1917
6,098 sqft lot
Lot size
2,412 sqft
Living area

Payment

Est. monthly payment
$3,180/mo
Down payment (20%)
$107,000
Property taxes
$122/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Half Duplex
Year Built
1917
Lot
6,098 sqft
Cooling
Central Air, Wall/Window Unit(s)
Heating
Central
Parking
Parking Pad
Days on Market
2
Ceiling Fans(s)
Outdoor Grill
Outdoor Kitchen
Sidewalk
Electric Water Heater
Gas Water Heater
Range
Refrigerator
Homestead exemption on file Flood Zone X
Annual Tax (2025)
$1,469
Parcel #
18-28-24-207000-002040

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
Nichols & Waring OR Ozone Park
County
Polk
MLS Area
33801 - Lakeland
Lot Size
6,098 sqft
City Limits

Price history

Date
Event
Price
10/16/2026
Listed for sale
Source: Stellar MLS #L4965853
$535,000
$222/sqft

Neighborhood

118 S Waterloo Ave
Lakeland, FL, 33801 · 33801 - Lakeland

Market insights

Offer Insights

Choose an offer strength

List price: $535,000
$530,000 – $535,000
99.5% – 100% of listTops out right at the list price
80% of listList price
99 of the last 174 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 2.

Sample: 174 closed home sales in 33801 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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Calculator

Est. monthly payment
$3,180/mo
Principal & interest$2,790
Property taxes$122
Insurance$268
Down payment20% · $107,000
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

$535,000

$222 per sq ft

Beds and baths

4 beds, 2 baths

Size

2,412 sq ft

Time on market

2 days

Year built

1917

Monthly payment

About $3,180/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $1,469 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?

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Brokered byTFP FLORIDA REALTY LLCListing agent: Marilyn DavisListing data from Stellar MLS, MLS# L4965853.

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