938 E Palmetto StreetLakeland, FL 33801Sale Price: $420,000

  • Sale Price: $420,000
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Federal 30-year interest rate: 6.51% last updated on May 21, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $420,000Sale Price
  • 4Bedrooms
  • 2,100Square Feet

Listing Tools

Beautifully renovated triplex located in the heart of the Lakeland Historic District, steps from Lake Morton. This turnkey property currently operates at a 6% cap rate (total monthly rent of $3,120), with the ability to increase rents by at least 10% on two of three units as one tenant is month to month and other up for renewal at end of July. All units include new A/C units, stainless steel appliances. kitchen cabinets, luxury vinyl blank flooring, modern fixtures, washer/dryer in unit and more. Two of the three units include quartz countertops. Tenants are responsible for all utilities. Do not visit property or contact tenants. Agent maintains an interest in the ownership entity.

Property Details of 938 E Palmetto Street

Property Details

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Mortgage Calculator


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Est. Mortgage:
$/month over payments
Federal 30-year interest rate: 6.51% last updated on May 21, 2026. * The above figures are estimates provided by Union Street Media using the FRED® API, and are not endorsed or certified by the Federal Reserve Bank of St. Louis. Check with your lender for actual interest rates.
Listed by Greg Wilkerson of SOUTH CEDAR REAL ESTATE,INC

Listing Sold by COLDWELL BANKER REALTY

Listings courtesy of StellarMLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of May 28, 2026 3:02 PM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement.

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