Video tour
$2,672 Closing Credit¹
#L4949892, Christine Hubbert, Listing Office: BHHS FLORIDA PROPERTIES GROUP
$429,995 List price
518 N Ohio Ave Lakeland, FL 33815
$5,106
Closing credit¹
0 beds
3,763 sqft
0.2 acres
$114 / sqft
Multi-Family
Property details
About 518 N Ohio Ave
This 3,763 square feet 10-bedroom 3 bathroom renovated home (new flooring, new water heaters, new electrical breakers, new bathroom cabinets, new doors, new paint, etc.) has 4,768 square feet under roof and is ideal for an investor or a home owner. It is a duplex with two separate addresses, two mailboxes, separate parking for both units, and is in a quiet neighborhood with no HOA. The home has a good rental income. Please do not disturb the tenants. Showing can be arranged. As an investor, you can earn $55,796 in gross annual rental income. The 518 N Ohio Ave. unit has 6 bedrooms and 2 bathrooms, has high ceilings and an open floor plan. The first floor has a large kitchen, extra-large living room, dining room, 2 large bedrooms, 1 bathroom, 2 open porches, and plenty of closets. The second floor has three large and one medium bedroom with 1-bathroom, large walk-in closet and attic for storage. This unit is ideal for an owner to live in and rent the other unit to pay off the mortgage. The 704 W Magnolia St. unit has a separate entrance and separate parking and mailbox and has 4 bedrooms, one bathroom, kitchen, living room, hallway, and porch.
Highlights
Home typeDuplex
HeatingCentral
StatusActive
CoolingCentral Air
Size3,763 sqft
Lot size0.21 Acres
Year built1923
MLS #O6241812
Virtual tour
Summary
- MLS Number: O6241812
- MLS Name: MFRMLS
- Office Name: ELITE INVESTORS REALTY LLC
- Office Phone: (407) 992-8330
- Listing Agent: Danny Dhannu
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 9:19:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$429,995
518 N Ohio Ave
$5,106
closing credit¹
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 11, 2021 | Home Sold | $255,000 |
| May 26, 2021 | Home Sold | $215,000 |
| Oct 18, 2018 | Home Sold | $50,200 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $207,038 | $3,774 |
| 2022 | $245,980 | $4,518 |
| 2021 | $202,001 | $4,518 |
| 2020 | $59,257 | $1,049 |
| 2018 | $78,476 | $1,694 |
| 2017 | $116,076 | $1,694 |
History based on county public records data.
Nearby schools
9
McKeel Elementary Academy
Public Charter PK-6
0.5 mi
•411 N Florida Ave
9
Lincoln Avenue Academy
Public Magnet KG-5
0.8 mi
•1330 N Lincoln Ave
6
Lakeland Montessori School House
Public Charter KG-6
1.3 mi
•1124 N Lake Parker Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $14,162. The majority of Lakeland, FL residents have income less than $<35k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
72%
<35k
26%
35k-100k
2%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
69%
Single, No Kids
15%
Single, with Kids
11%
Married, No Kids
5%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
9%
12-17 yrs old
16%
18-34 yrs old
45%
35-64 yrs old
16%
65+ yrs old
What do the neighbors do for fun?
Figure Skating
NHRA Drag Racing
UFC
Where do the neighbors shop?
Family Dollar
Big Lots
Burlington
Where do the neighbors go to eat?
Church's Chicken
Golden Corral
Burger King
What do the neighbors drive?
Cadillac
Kia
Buick
What do the neighbors listen to?
Jazz
Adult Standards
Urban Contemporary
All data provided by Home Junction and Claritas
Similar homes for sale
This home is located at 518 N Ohio Ave in Lakeland, FL and zip code 33815 in the North Lake Wire neighborhood. This 3,763 square foot home, which was built in 1923, sits on a 0.21 acre lot. Features: 0 bedroom, 0 bathroom. It has been listed on Rocket Homes since September 15, 2024 and is currently priced at $429,995.
Over 30 listings were sold over their listed price in February 2025 in Lakeland, FL. In the same period over 97 listings were sold below the listed price and 37 listings were sold for the listed price. Between January and February 2025, Lakeland, FL real estate market has seen increase in the number of listings by 11.1%. The median list price of listings available in February 2025 was $323,974, while the average time on the real estate market was 78 days.
From Rocket Homes Real Estate and based on county public records data.