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542 & 540 S Clayton Avenue, 
Lakeland, FL 33801

$525,000


6

Beds


3

Baths


2,529

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Debbie Ward-Terry

Regal Real Estate LLC.

Last updated:

July 16, 2026, 03:29 PM

MLS#

L4963551

Source:

MFRMLS

About This Home

542 & 540 S Clayton Avenue

Discover the perfect opportunity to live, invest, or generate rental income with this unique property featuring two beautifully remodeled homes and a 29' x 22' detached concrete block storage building on one lot. Whether you choose to live in one home and rent the other, or maximize your returns by leasing both, this property offers incredible flexibility. The larger residence features 4 bedrooms, 2 bathrooms, and 1,679 square feet of living space. Inside, you'll find a spacious living room, separate family room, inside laundry, and a stunning new kitchen complete with new cabinetry, countertops, and appliances. Luxury vinyl plank flooring flows throughout the home, complemented by fresh interior paint and new ceiling fans. The second home offers 2 bedrooms, 1 bathroom, and includes a single-car garage with an adjoining storage/laundry room featuring washer and dryer hookups. Like the main home, it has been completely remodeled with luxury vinyl plank flooring, fresh paint, new ceiling fans, and a beautifully updated kitchen with new cabinets, countertops, and appliances. Adding even more value is the detached 29' x 22' concrete block storage building, complete with electricity and a half bath—ideal for a workshop, hobby space, business storage, or additional flex space. Conveniently located in the heart of Lakeland, this property is just a short walk to both Lake Hollingsworth and Lake Morton, offering easy access to scenic walking trails, parks, and all the charm of central Lakeland. Don't miss this rare opportunity to own a move-in-ready, income-producing property in one of Lakeland's most desirable locations!

Home Facts

Multi-Family

3 Baths

6 Bedrooms

Built in 1953

Price Summary

525,000

$207 per Sq. Ft.

MLS #:

L4963551

Last Updated:

July 16, 2026, 03:29 PM

Added:

2 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

3

Interior

Living Area:

2,529 Sq. Ft.


Structure

Structure

Building Area:

2,529 Sq. Ft.

Year Built:

1953


Lot

Lot Size (Sq. Ft):

12,528


Finances & Disclosures

Finances

Price:

$525,000

Price per Sq. Ft:

$207 per Sq. Ft.

MLS Logo
The information being provided by Stellar Mls is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Stellar Mls. Regal Real Estate LLC. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Regal Real Estate LLC., a broker participant of Stellar Mls. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Stellar Mls and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2026 Stellar Mls. All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.