Commercial Sale · Multi Family (5+)
915 E PALMETTO STREET, LAKELAND, FL, 33801
Active569 days on marketListed Jan 16, 2025MLS #L4950069
About this property
The property at a glance
Presenting a prime multifamily apartment investment opportunity in the Lake Morton Historic District! This exquisite 12-unit apartment building has been fully renovated in the North Building and partially remodeled in the South Building. As a contributing property in the district, its Mediterranean Revival architecture is both captivating and historically significant. The building beautifully blends classic charm with modern updates, having been thoughtfully restored to preserve its historical character while incorporating contemporary amenities. Each unit is fully renovated, featuring brand-new appliances and updated fixtures, offering tenants a comfortable, modern living experience. Additional amenities include an on-site laundry facility for tenant convenience and a spacious courtyard where residents can relax and enjoy Florida’s wonderful climate. This is a rare opportunity to own a beautifully restored historic building in the heart of Lakeland. Don't miss the chance to add this exceptional multifamily property to your investment portfolio!
8,348
Building sq ft
$167
Price / sq ft
0.45
Lot acres
1926
Year built
12
Units
2
Buildings
RA-4
Zoning
Multi Family (5+)
Property type
The numbers
Investment snapshot
$115,833
Price / unit
12
Units
Estimated payment (illustrative)
Estimated payment
$6,897/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask David to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
1,887
Population
$60,388
Median income
35
Median age
2
Avg household
$375,682
Median home value
$880/mo
Median rent
100%
Households w/ kids
Consumer profile
Passionate about animal welfare, this population wants to know how best to care for their own pets (with toys and training) and help other animals find their fur-ever home.
Motherhood is a unique journey for every woman. There are highs, lows,and lots to celebrate. These moms seek to share their experiences and engage with a community of moms.
Making it to church on Sunday, this population is drawn together by their devotion to, primarily Christian, religion. Common activities include worship services and bible studies.
Ready to turn up when the sun goes down, this population is looking for nighttime entertainment at home or out on the town.
You can find these people researching an upcoming exhibit at the natural history museum or learning about a famous monument. This population enjoys learning about the past.
Always seeking the next book, article, or poem to read, this activity is prevalent in areas where reading is a way of life. Although a solo activity, the expression of the love of books is a bonding, communal experience.
Recent sales
What actually sold near 915 E PALMETTO STREET
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$1,600,000
1820 E EDGEWOOD DRIVE UNIT 101
6,832 sqft · $234/sqft · Sold Jul 3, 2025
$825,000
3216 US HIGHWAY 92 E
6,420 sqft · $129/sqft · Sold Nov 15, 2024
$1,275,000
2121 E EDGEWOOD DRIVE
5,600 sqft · $228/sqft · Sold Oct 6, 2025
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 915 E PALMETTO STREET — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 915 E PALMETTO STREET.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Keep looking
Similar properties nearby
Listing courtesy of KELLER WILLIAMS REALTY · Ben Becton. MLS #L4950069.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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