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701 E Lime Street

Lakeland, FL 33801

6 beds
6 baths
5,060 sqft
7,793 sqft lot
$163 per sqft
1927 build
– on site

This is a six unit property built in 1925 as an apartment building, located just a few blocks from downtown Lakeland, Lake Morton, and Lake Mirror. This is NOT a house converted into apartments. The buildings are wood frame with a shingled roof. A new roof installed on the main building in 2025. The other building roof in 2003. There was Termite treatment/tenting of both buildings in 2024. There are 4 one bedroom / one bath units fronting at the SE corner of Lime Street and Indiana Avenue in a two story building and two one bedroom / one bath units over the carport building located directly on Indiana Avenue South. The larger Lime Street building has four 1,000 square foot units, each with one bedroom, one bathroom (with tub), full kitchen, separate living room, separate dining room, and large enclosed porch. There are two units on each floor. There is an entrance on the front (Lime St) and rear of the building. All these units have central A/C The smaller 2 unit building (Indiana Ave) each have a full kitchen, combined living/dining room area, one bedroom and a full bath. These units have window unit A/C. There is a private, screened-in covered patio/porch for each unit. There are separate staircases leading up to each of these units. All Tenant mailboxes are located under the stairs of unit 412. There are coin operated laundry machines located in the rear of this building, for all tenants use. All units have a Refrigerator and Stove. Units 1, 3, 4 and 414 have instant hot water heaters. Units 2 and 412 have a standard hot water tank/heater. Hardwood flooring throughout with ceramic tile in the kitchens and bathrooms. Units 1 & 4 have granite countertops in the kitchens. Carport parking (4 bays) is on Indiana Ave under the 2 units building and other parking is on site. City Water and sewer is paid by the owner. Cable is paid by the tenant

Listing courtesy of STELLAR_MLS / REMAX EXPERTS

Last checked: Checking… • Last updated Jun 7, 2025 •

MLS# L4953575 —

The Building

Year Built:

1927
New Construction:

false
Construction Materials:

Asbestos
Levels:

One
Roof:

Shake
Foundation Details:

Crawlspace
Patio And Porch Features:

Covered
# of Buildings:

2
Building Area Total:

5904
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Interior Features:

Ceiling Fan(s)
Flooring:

Ceramic Tile
Fireplace:

false

Room Dimensions

Living Area:

5060
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

In Lakeland take South Florida Avenue to Lime Street. Turn east on Lime St to Indiana Ave. Property is located on the SE corner. Indiana Ave is a one way street - you cannot turn onto it.
Latitude:

28.040258
Longitude:

-81.950484
Coordinates:

-81.950484, 28.040258

The Property

Parcel Number:

242819234500001030
Property Type:

Residential Income
Property Subtype:

Multi Family
Property Condition:

Completed
Lot Features:

Corner Lot
Lot Size Acres:

0.18
Lot Size Area:

7793
Lot Size SqFt:

7793
Lot Size Dimensions:

55 x 140
Lot Size Units:

Square Feet
Total Acres:

0 to less than 1/4
Zoning:

MF-22
View:

City
View:

true
Exterior Features:

Balcony
Water Source:

Public
Road Surface Type:

Paved
Road Frontage Type:

Street Paved
Flood Zone Code:

X
Additional Parcels:

false
Homestead:

false
Lease Restrictions:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Lot:

3
Tax Block:

A
Tax Legal Description:

H J MATHIS 1ST ADD PB 2 PG 119 BLK A LOT 3 LESS ADD'L R/W FOR RD
Tax Book Number:

2-119
Tax Annual Amount:

$4,206.18

Beds

Bedrooms Total:

6

Baths

Total Baths:

6

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Cable Available
Sewer:

Public Sewer

Appliances

Appliances:

Electric Water Heater
Laundry Features:

Laundry Room

The Community

Subdivision Name:

MATHIS H J ADD 01
Senior Community:

false
Waterview:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Association:

false
Ownership:

Fee Simple
Association Approval Required:

false

Parking

Garage:

false
Carport:

true
Carport Spaces:

4
Covered Spaces:

4

Extra Units

# of Units Total:

6

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Sale history

Date	Event	Source	Price	% Change
6/7/25 Jun 7, 2025	Listed / Active	STELLAR_MLS	$825,000

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This multifamily located in East Lake Morton, Lakeland, FL 33801 is currently for sale for $825,000. 701 E Lime Street is a 5,060 square foot multifamily with 6 beds and 6 baths that has been on Estately for 0 days. 701 E Lime Street is in the East Lake Morton neighborhood of Lakeland. This multifamily is in the attendance area of Philip O'Brien Elementary School, Lakeland Senior High School, Combee Academy Of Design And Engineering, Rosabelle W. Blake Academy, Lawton Chiles Middle Academy, Winston Academy Of Engineering, Rochelle School Of The Arts, Sleepy Hill Middle School, and Lincoln Avenue Academy.

Listing Courtesy of: STELLAR_MLS and REMAX EXPERTS.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.