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Listed price in listed location currency (USD).
$535,000

420

MLS® L4965853

Overview

Key Facts

Type 
Levels Residential
Size 2412 sqft
Garage Yes
Taxes $1,469
Days Active 4
Lot Size 0.14 Acres
Approx. Age 1917
Avg. Price Per Sqft $221
MLS® Number L4965853

Property Address: 118 S Waterloo Ave, LAKELAND, FL, 33801-5149

Average square foot calculated using Size range provided by listing agent.

Description

RARE OPPORTUNITY IN THE HEART OF DOWNTOWN LAKELAND! Historic charm meets investment potential in this distinctive 1917 duplex offering approximately 2, 412 square feet per public records, multi-family zoning, and NO HOA! Whether you're looking to expand your investment portfolio or live in one unit while renting out the other, this property offers exceptional versatility in a sought-after downtown location. Built with cedar wood framing, this charming property features two separate living units. The first-floor unit offers 2 bedrooms, 1 bathroom, beautiful real wood flooring, a kitchen with granite countertops, and a flexible bonus space with a washer and dryer, ideal for a family room, home office, or hobby area. The second-floor unit features 1 bedroom, 1 bathroom, and an additional multipurpose room, offering flexibility to suit a variety of needs. The upstairs unit also has its own gas and electric meters. Step outside and discover one of this property's standout features: a spacious covered deck designed for outdoor living and entertaining! The outdoor kitchen features a farmhouse-style sink, cabinetry, a built-in grill, and a wine cooler, with the grill and wine cooler INCLUDED IN THE SALE! Whether hosting weekend gatherings or simply enjoying a quiet Florida evening, this inviting outdoor space is sure to impress. The front yard showcases distinctive landscaping with decorative stone and a variety of succulents, creating beautiful curb appeal with minimal lawn maintenance. Additional highlights include a NEW ROOF installed in April 2025 and a first-floor water heater approximately 6 years old. And let's talk about LOCATION! Just a short walk from scenic Lake Mirror, the beautiful 1.2-acre Hollis Garden, The Joinery artisan food hall, and Downtown Lakeland's vibrant selection of restaurants, shops, and entertainment. Enjoy the convenience of having some of the city's most popular destinations right outside your door! BOTH UNITS WILL BE DELIVERED VACANT AT CLOSING, allowing the next owner the flexibility to move in, lease the units, or explore other permitted uses. With NO HOA, historic character, and an unbeatable downtown location, this is a unique opportunity you won't want to miss! Schedule your private showing today. Buyer and buyer's agent to verify square footage, measurements, zoning, and intended uses.
MLS® NumberL4965853
Laundry LevelEnsuite
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1917
Basement
DrivewayParking Pad
Garage Spaces
HeatCentral
A/CCentral Air, Wall/Window Unit(s)

Extras

Rooms

Living Room:First FloorNot available
Kitchen:First FloorNot available
Other:First FloorNot available

Price History

Last Sold Price

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Appreciation

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Avg. Days Listed

0 days

Today, For Sale for $535,000

For Sale · 3 days

$535,000

MLS® L4965853

3 days ago

Not Sold Yet

October 2026, For Sale for $535,000

For Sale · 0 days

$535,000

MLS® L4965938

3 hours ago

Not Sold Yet

  • Oct 17, 2026, For Sale for $535,000

Home Estimate Zoopraisal®

This property is estimated to sell between: $391,000 and $607,000.
Similar properties in this area sold on average for: $391,000
Expected to sell in 30 days. Similar properties sold in 34 days. This home has been on Zoocasa for 4 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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