This is a six unit property built in 1925 as an apartment building, located just a few blocks from downtown Lakeland, Lake Morton, and Lake Mirror. This is NOT a house converted into apartments. The buildings are wood frame with a shingled roof. A new roof installed on the main building in 2025. The other building roof in 2003. There was Termite treatment/tenting of both buildings in 2024. There are 4 one bedroom / one bath units fronting at the SE corner of Lime Street and Indiana Avenue in a two story building and two one bedroom / one bath units over the carport building located directly on Indiana Avenue South. The larger Lime Street building has four 1,000 square foot units, each with one bedroom, one bathroom (with tub), full kitchen, separate living room, separate dining room, and large enclosed porch. There are two units on each floor. There is an entrance on the front (Lime St) and rear of the building. All these units have central A/C The smaller 2 unit building (Indiana Ave) each have a full kitchen, combined living/dining room area, one bedroom and a full bath. These units have window unit A/C. There is a private, screened-in covered patio/porch for each unit. There are separate staircases leading up to each of these units. All Tenant mailboxes are located under the stairs of unit 412. There are coin operated laundry machines located in the rear of this building, for all tenants use. All units have a Refrigerator and Stove. Units 1, 3, 4 and 414 have instant hot water heaters. Units 2 and 412 have a standard hot water tank/heater. Hardwood flooring throughout with ceramic tile in the kitchens and bathrooms. Units 1 & 4 have granite countertops in the kitchens. Carport parking (4 bays) is on Indiana Ave under the 2 units building and other parking is on site. City Water and sewer is paid by the owner. Cable is paid by the tenant
For sale
$825,000
701 E Lime St, Lakeland, FL 33801
2beds
2baths
5,060sqft
Est.:
Multi Family
Built in 1927
-- sqft lot
$-- Zestimate®
$163/sqft
$-- HOA
What's special
Wood frameGranite countertopsCarport parkingLarge enclosed porchHardwood flooringShingled roofSeparate dining room
- 64 days
- on Zillow |
- 368 |
- 15 |
Zillow last checked: 7 hours ago
Listing updated: July 07, 2025 at 03:15pm
Listing Provided by:
Tony Fridovich 863-698-4267,
REMAX EXPERTS 863-802-5262,
Cody Fridovich 863-397-8920,
REMAX EXPERTS
Source: Stellar MLS,MLS#: L4953575
Originating MLS: Lakeland

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Heating
- Central, Electric, Heat Pump, Wall Units / Window Unit
Cooling
- Central Air, Wall/Window Unit(s)
Appliances
- Included: Electric Water Heater, Range, Range Hood, Refrigerator, Tankless Water Heater
- Laundry: Laundry Room
Features
- Ceiling Fan(s)
- Flooring: Ceramic Tile, Hardwood
- Has fireplace: No
Interior area
- Total structure area: 5,904
- Total interior livable area: 5,060 sqft
Property
Parking
- Total spaces: 4
- Parking features: Carport
- Carport spaces: 4
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Enclosed, Front Porch, Rear Porch, Screened
- Exterior features: Balcony
- Has view: Yes
- View description: City
Lot
- Size: 7,793 Square Feet
- Dimensions: 55 x 140
- Features: Corner Lot, Historic District, City Lot
Details
- Parcel number: 242819234500001030
- Zoning: MF-22
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Asbestos
- Foundation: Crawlspace
- Roof: Shake
Condition
- Completed
- New construction: No
- Year built: 1927
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: MATHIS H J ADD 01
HOA
- Has HOA: No
- Pet fee: $0 monthly
Location
- Region: Lakeland
Financial & listing details
- Price per square foot: $163/sqft
- Tax assessed value: $237,430
- Annual tax amount: $4,206
- Date on market: 6/7/2025
- Listing terms: Owner May Carry
- Ownership: Fee Simple
- Total actual rent: 0
- Tenant pays: Electricity
- Electric utility on property: Yes
- Road surface type: Paved, Asphalt
- Loading
- Loading