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Exceptional opportunity to acquire a fully occupied, income-producing quadplex in one of Lakeland's most desirable rental corridors. Located at 201 Ariana Street, this property is perfectly positioned within A brief stroll away to Florida Southern College"”driving consistent, high-demand tenancy, particularly among scholars. Each of the four units is a well-designed 1-bedroom, 1-bath layout (~650 sq ft) featuring private screened porches, offering tenants added living space and privacy"”an amenity that significantly enhances rental appeal. All units typically rent at $1200 a month, providing immediate, stable cash flow from day one. This property presents a strong value-add opportunity for investors looking to maximize returns. With below-market positioning relative to location demand, there is potential to increase rents over time or make light cosmetic upgrades to further enhance income and equity. Situated in a prime central location with close proximity to downtown Lakeland, dining, shopping, and major roadways, this asset benefits from both consistent tenant demand and long-term appreciation potential. Investment Highlights: Fully occupied 4-unit property - immediate cash flow All units: 1BR/1BA, ~650 sq ft each Private screened porches for every unit Current rents: $1,200/month each unit Walking distance to Florida Southern College - high student demand Strong rental market with upside potential Ideal for investors seeking stable income + value-add growth This is a rare opportunity to secure a turnkey multi-family property in a high-demand location with built-in income and future upside. *now priced under appraised value
| DAYS ON MARKET | 68 | LAST UPDATED | 6/4/2026 |
|---|---|---|---|
| TRACT | DIXIELAND REV | YEAR BUILT | 1925 |
| COMMUNITY | 33803 - Lakeland | COUNTY | Polk |
| STATUS | Pending | PROPERTY TYPE(S) | Multi Family |
| PRICE HISTORY | |
| Prior to Apr 21, '26 | $649,900 |
|---|---|
| Apr 21, '26 - Apr 28, '26 | $624,900 |
| Apr 28, '26 - Today | $599,900 |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 33803 - Lakeland |
| BASEMENT | Crawl Space |
| CONSTRUCTION | Other |
| EXTERIOR | Balcony |
| HEAT | Ductless |
| LOT | 6098 sq ft |
| LOT DIMENSIONS | 50x125 |
| SEWER | Public Sewer |
| SUBDIVISION | DIXIELAND REV |
| TAXES | 4103.61 |
| UTILITIES | Cable Available, Cable Connected, Electricity Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Stephen Hachey, FLAT FEE MLS REALTY, 813-642-6030
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 6/13/26 1:27 PM PDT.
This IDX solution is (c) Diverse Solutions 2026.