118 S WATERLOO AVENUE
Lakeland, FL 33801
$535,000
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 ...
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Listing Courtesy of: TFP FLORIDA REALTY LLC
863-337-9667
| Listing Id: | L4965853 |
|---|---|
| List Price: | $535,000 |
| Property Type: | Residential |
| Property Sub Type: | Half Duplex |
| Status: | Active |
| Bedrooms Total: | 4 |
| Bathrooms Full: | 2 |
| Living Area: | 2,412 |
| Tax Annual Amount: | $1,469 |
| Lot Size Square Feet: | 6,098 |
| Lot Size Acres: | 0.14 |
| Architectural Style: | Contemporary |
| Waterfront?: | No |
| City: | Lakeland |
| County Or Parish: | Polk |
| Subdivision Name: | Nichols & Waring Or Ozone Park |
| Postal Code: | 33801 |
| Year Built: | 1917 |
| Appliances: | Electric Water Heater, Gas Water Heater, Range, Refrigerator |
| Bathrooms Total Integer: | 2 |
| Building Area Source: | Public Records |
| Building Area Total: | 2412 |
| Building Area Units: | Square Feet |
| Direction Faces: | West |
| Foundation Details: | Crawlspace |
| Construction Materials: | Stucco, Frame |
| Cooling: | Central Air, Wall/Window Unit(s) |
| Directions: | N. Lake Parker, Right on Main, Left on Waterloo |
| Exterior Features: | Outdoor Grill, Outdoor Kitchen, Sidewalk |
| Flooring: | Ceramic Tile, Wood |
| Furnished: | Unfurnished |
| Garage?: | Yes |
| Heating: | Central |
| Interior Features: | Ceiling Fans(s) |
| Laundry Features: | Inside |
| Levels: | Multi/Split |
| Ownership: | Fee Simple |
| Living Area Source: | Public Records |
| Living Area Units: | Square Feet |
| Lot Features: | City Limits |
| Lot Size Acres: | 0.14 |
| Lot Size Dimensions: | 50x120 |
| MLS Area Major: | 33801 - Lakeland |
| MLS Area Major: | 33801 - Lakeland |
| Original List Price: | $535,000 |
| Parcel Number: | 18-28-24-207000-002040 |
| Parking Features: | Parking Pad |
| Patio And Porch Features: | Covered, Deck, Patio, Porch, Rear Porch |
| Township: | 28 |
| Road Surface Type: | Asphalt |
| Roof: | Shingle |
| Listing Terms: | Cash, Conventional, FHA |
| Tax Year: | 2025 |
| Sewer: | Public Sewer |
| Special Listing Conditions: | None |
| State Or Province: | FL |
| Utilities: | Natural Gas Connected, Sewer Connected |
| Water Source: | Public |
| Public Survey Range: | 24 |
| Public Survey Section: | 18 |
| Zoning: | MF22 |
| Vegetation: | Trees/Landscaped |
| Additional Rooms: | Bonus Room |
| Available For Lease Yn: | Yes |
| Building Area Total Srch Sq M: | 224.08 |
| Calculated List Price By Calcula: | 221.81 |
| Cddyn: | No |
| Exist Lse Tenant Yn: | No |
| Flood Zone Code: | X |
| Future Land Use: | DUPX |
| Green Verification Count: | 0 |
| Homestead Yn: | Yes |
| Lease Restrictions Yn: | No |
| Listing Exclusion Yn: | No |
| Living Area Meters: | 224.08 |
| Lot Size Square Meters: | 567 |
| Minimum Lease: | No Minimum |
| Room Count: | 3 |
| Sdeo yn: | No |
| Total Acreage: | 0 to less than 1/4 |
| Unit Number Yn: | No |
| Water Access Yn: | No |
| Water Extras Yn: | No |
| Water View: | No |
| Association 2 Yn: | 0 |
| Attribution Contact: | 863-337-9667 |
| Originating System Name : | Stellar MLS |
| In Law Suite Yn: | No |
| Green Energy Generation Yn: | No |
| Listing Contract Date: | 2026-10-16 |
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Property Last Updated: October 18, 2026 04:08 AM - ET
