IDX

Listed by Debbie Ward-Terry · Courtesy of REGAL REAL ESTATE LLC · Agent MLS ID# MFR265500859 · Deemed reliable but not guaranteed. · Listing updated: Oct 21, 2026 · 1:15 PM

542 & 540 S CLAYTON AVE

Lakeland, Polk, FL, 33801

Active

$479,000

$189/sqft

6Beds
3Baths
2,529Sq Ft
1953Built
98Days on Market

About this home

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!

Facts & Features

MFRL4963551
$479,000
Active
6
3
N/A
N/A
2,529 sqft
0.2900
1953
Residential Income
Duplex
N/A

Community Information

542 & 540 S CLAYTON AVE
Biltmore Park Sub
Lakeland
Polk
FL
33801
No

Amenities

N/A
N/A
No
No
No

Interior

Ceiling Fans(s), Eat-in Kitchen, Window Treatments
Electric
Central Air
Luxury Vinyl
N/A
N/A
Microwave, Refrigerator, Electric Water Heater, Range

Exterior

Outbuildings
Block
Slab
Shingle
N/A
N/A

School Information

N/A
N/A
N/A

Additional Information

July 15, 2026
98
RB-1
N/A
No

Mortgage Calculator

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This calculator provides estimates for informational purposes only and is not a loan offer, pre-approval, or commitment to lend. Actual rates, payments, and loan terms vary by lender and are subject to credit approval, income/asset verification, and market conditions. Property tax and homeowners insurance shown are estimates and may differ. PMI applies when the down payment is under 20%. For an official Loan Estimate, contact a licensed mortgage lender. REGAL REAL ESTATE LLC is a licensed real estate brokerage, not a mortgage lender. Equal Housing Opportunity.

98 days on market

Listing updated: Oct 21, 2026 · 1:15 PM

Listed by: Debbie Ward-Terry · 863-660-7927—REGAL REAL ESTATE LLC · 863-660-7927

Updated from Real Estate Market Data

Location

Ahmed ElbatrawyAhmed ElbatrawyEmpire Network Realty

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