303 W 5TH STREET, LAKELAND, FL, 33805
Active15 days on marketListed Jul 22, 2026MLS #TB8531497
Come see it
Upcoming open house
Sat, Aug 8
10:00 AM – 12:00 PM
About this home
303 W 5TH STREET
Incredible income-producing property in Lakeland! Completely renovated from top to bottom with fresh paint, modern finishes, and all-new systems, this multi-unit property is a true turnkey investment. Two Smart Ways to Buy: As an Owner-Occupant: Move right into the spacious main house (market value estimated at $2,000/month) while the two secondary units already generate steady income ($1,100/mo and $1,200/mo). The main house will be vacant in August, and the other units are secured with stable 1-year leases and deposits in place. As a Pure Investor: Lease out the main house to maximize your cash flow, bringing the total gross monthly income to approximately $4,300/mo from day one. Featuring a versatile layout, brand-new updates throughout, and a fantastic location, this high-return property offers endless flexibility and immediate results. Schedule your showing today!
Facts & features
The home at a glance
5
Bedrooms
3
Bathrooms
1,928
Sqft
0.13 ac
Lot size
1947
Year built
One
Levels
$202
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$2,910 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$2,910/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. 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.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs WASHINGTON PARK
$202 vs $284
Days on market
15 vs 43 typical
Where $202/sqft sits among the 15 homes for sale in WASHINGTON PARK
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Paul A Diggs
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Lakeland. See the full Lakeland guide →
Paul A Diggs — neighborhood snapshot
Population
2,078
Median age
35
Median income
$33,040
Median home value
$169,749
Avg household
3
Households w/ children
252
For the school run
Polk County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Lakeland market
$316K → $316K
Lakeland median sold, yr/yr
97.8%
Sale-to-list ratio (12 mo)
4 of 15
WASHINGTON PARK have cut their price
Median sold price, Lakeland, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 63% above the LAKELAND 33805 median. See the full Lakeland market guide →
Paper trail
This home's history
Reality check
What actually sold near 303 W 5TH STREET
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Dec ’25$320,000
807 N JOHNSON STREET · same community
3 bd · 2 ba · 1,824 sqft · $175/sqft · 45 DOM
Sold · Jun ’26$311,999
603 N MERRIN STREET · same community
4 bd · 2 ba · 1,756 sqft · $178/sqft · 23 DOM
Sold · Mar ’26$334,900
1104 N KNIGHT STREET · same community
3 bd · 2 ba · 1,741 sqft · $192/sqft · 14 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 303 W 5TH STREET — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 303 W 5TH STREET — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
303 W 5TH STREET FAQs
What would the monthly payment be for 303 W 5TH STREET?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $2,910/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 303 W 5TH STREET?+
The most recent tax bill on record (2025) was $3,378. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Lakeland?+
At $390,000, this home is listed about 15% above the Lakeland median of $339,000. The market section on this page shows how the area is trending.
Which schools are assigned to 303 W 5TH STREET?+
Carlton Palmore Elementary School (elementary), Lakeland Highlands Middle School (middle), Tenoroc High School (high) — Polk County School District. Always verify school assignments with the district before relying on them.
Keep looking
Similar homes nearby
Listing courtesy of HOME PRIME REALTY LLC · Talia Cruz Martinez. MLS #TB8531497.
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.
Never miss a listing
New Lakeland homes, in your inbox
Like 303 W 5TH STREET but not quite? A daily digest of every new listing in Lakeland — straight from the MLS, hours after it goes live. Unsubscribe anytime.
Just watching this one home? Ask David to ping you on any price or status change →