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542 & 540 S Clayton Avenue

LAKELAND, FL 33801
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Bed 6

Bed

Bath 3

Bath

SqFt2,529

Sqft

Acres0.29

Acre(Lot)

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 si ngle-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!

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Detail Ic Property Details

Property Type : Residential Income

Price : $525,000

AD Id : 88075343

MLS Id : MFRL4963551

Beds : 6

Lot Size : 0.29 Acre

Living Area Size : 2,529

Year Built : 1953

Garage : 1

County : Polk

Subdivision: Biltmore Park Sub

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Feature Features

  • Bedroom Information

    Total Bedroom: 6

    Bathroom Information

    Total Baths: 3

    Interior Features

    Ceiling Fans(s), Eat-in Kitchen, Window Treatments Roof: Shingle Appliances: Electric Water Heater, Microwave, Range, Refrigerator Laundry Features: In Garage, Laundry Room

    Roofing Information

    Shingle
  • Flooring Information

    Flooring: Luxury Vinyl Construction Materials: Block
  • Heating & Cooling

    Heating: Electric Cooling: Central Air WaterSource: Public

  • Building Information

    Year Built: 1953
  • Exterior Features

    Outbuildings Construction Materials: Block Foundation Details: Slab

  • Lot Information

    Lot Dimensions: 48.6x61 Lot Square Feet: 12528 Lot Acres: 0.29 Lot Size (SqMt): 1164

    Property Information

    Property Type: Residential Income Sub Type: Duplex

  • Listing Price Information

    Original List Price:$525000

  • Tax Information

    Tax Block: 3 Tax Book Number: 8-41 Tax Lot: 1 Tax Legal Description: BILTMORE PARK SUB PB 8 PG 41 BLK 3 LOT 1 LESS RD R/W & LOT 14 Annual Tax: $3319.35 Tax Year: 2025 Parcel Number: 24-28-19-218000-003010

  • Utility Information

    Cable Connected, Electricity Connected Sewer: Public Sewer Water Source: Public
  • Location Information

    Subdivision: BILTMORE PARK SUB City: LAKELAND Direction: Use GPS
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1053 / 1055 Captiva Point, Lakeland, FL, 33801 $331,000 4 4 2,278 2,278 SqFt
1047 / 1049 Captiva Point, Lakeland, FL, 33801 $303,900 4 4 2,278 2,278 SqFt
1108 Country Club Lane, Lakeland, FL, 33801 $330,000 4 4 2,603 2,603 SqFt
1154 Fairway Dr, Lakeland, FL, 33801 $257,900 2 4 1,620 1,620 SqFt
1305-1307 Fairway Drive, Lakeland, FL, 33801 $229,000 4 2 1,778 1,778 SqFt
2929 Nine Iron Drive, Lakeland, FL, 33801 $499,000 8 4 3,400 3,400 SqFt
1962 Crystal Grove Drive, Lakeland, FL, 33801 $675,000 8 4 4,056 4,056 SqFt
2253 & 2249 Golfview St.., Lakeland, FL, 33801 $325,000 6 3 2,012 2,012 SqFt
621 Hollingsworth Road, Lakeland, FL, 33801 $399,000 4 2 1,546 1,546 SqFt
1031 E Lime Street, Lakeland, FL, 33801 $829,900 6 6 3,617 3,617 SqFt
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ByOwner last updated this listing 07/25/2026 @ 18:20

MLS: MFRMLS #L4963551 LISTED BY: Debbie Ward-Terry, REGAL REAL ESTATE LLC 863-660-7927 SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS) (Listings courtesy of MFRMLS (My Florida Regional MLS DBA Stellar MLS) as distributed by MLS GRID)

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