Price Reduction - Primary on Main
Address
1040 S Ohio Ave, LAKELAND, FL
Price
$ 289,000
Property Attributes
- MLS#P4938786
- TypeSingle Family
- Listing Status Active
- CountyPolk
- CityLAKELAND
- AreaLakeland
- NeighborhoodDIXIELAND REV
- Zip33803
- StyleFlorida Patio
- Year Built1925
- Taxes$ 3855
- Price$ 289,000
- Bedrooms2
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1100
- Lot Size0.16 Acres
Data Source:
Stellar MLS
Property Description
UNIQUE DIXIELAND HOME WITH INCOME POTENTIAL! Discover a truly one-of-a-kind property in Lakeland's historic Dixieland District, thoughtfully redesigned to combine comfortable living with multiple income-producing possibilities. Whether you're looking for a home with supplemental income, a flexible multigenerational setup, or an investment property with short- and long-term rental potential, this property offers an exceptional opportunity. One of the home's most distinctive features is a custom-built secret library door that discreetly separates the main residence from a private guest suite while maintaining convenient access to the shared laundry area. The former half bath has been expanded into a full bathroom, giving both living spaces added privacy and functionality. The guest suite has its own separate entrance, making it ideal for a monthly rental, Airbnb/short-term rental, guest quarters, roommate arrangement, or multigenerational living. The property's income potential is more than theoretical—the space has previously generated approximately $1,295 per month as a monthly rental, while its short-term rental use generated even higher income, offering an investor multiple strategies for maximizing cash flow depending on market conditions and rental preferences. The front door opens to a fully screened front porch with solid flooring, while the rear of the home features a spacious covered deck overlooking the private backyard—perfect for entertaining guests or creating an attractive outdoor area for rental occupants. Adding even more potential, the property includes a fully renovated and permitted detached office/studio building. This versatile bonus structure can be used as a home office, creative studio, private workspace, or potentially additional guest accommodations, subject to applicable regulations. Plumbing was installed and remains available for future expansion, although it is currently capped. A covered patio beside the structure provides additional flexibility as a potential carport, outdoor entertaining area, or shaded retreat. A hidden outdoor shower and discreet storage shed add even more functionality. Recent improvements include a new HVAC system with central air conditioning installed in 2024 and a heavy-duty washer and dryer added in 2025. Extensive landscaping improvements have reopened fenced areas, enhanced privacy, and created attractive, usable outdoor spaces. Ample parking further adds to the property's appeal for both occupants and potential rental guests. With an effective year built of 2015 and numerous meaningful updates, this property presents an unusual combination of character, flexibility, and income potential in the desirable Dixieland area. Live in the main residence while using the private suite as desired for income or otherwise, utilize the entire property as a flexible investment. With multiple spaces, separate access, a detached studio, and a proven rental history, this is a property designed to work for you, whatever your needs may be!
| Elementary School | Middle School | High School |
|---|---|---|
| Dixieland Elem Elementary School | Southwest Middle School Middle School | Lakeland Senior High High School |
| Price History | |
|---|---|
| 6/27/2026 | Listed $315,000 |
| 7/26/2026 | 2$310,000 |
| 8/4/2026 | 2$305,000 |
| 8/20/2026 | 2$299,900 |
| 9/10/2026 | 1$295,900 |
| 10/15/2026 | 1$293,900 |
| 10/31/2026 | 2$289,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central |
| Cooling | Central Air |
| Utilities | Cable Connected,Electricity Connected,Natural Gas Connected,Public,Sewer Connected,Street Lights,Water Connected |
| Possession | Close Of Escrow |
| Roof | Shingle |
| Appliances | Convection Oven,Dishwasher,Disposal,Dryer,Exhaust Fan,Gas Water Heater,Ice Maker,Microwave,Range Hood,Refrigerator,Tankless Water Heater,Washer |
| Zoning | RA-4 |
| Patio/Porch Features | Covered,Deck,Front Porch,Screened |
| Architectural Style | Florida,Patio |
| Security Features | Security System Owned |
| Construction Materials | Wood Frame,Wood Siding |
| Year Built | 1925 |
| Levels | One |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Ownership | Fee Simple |
| County | Polk |
| New Construction | false |
| Property Type | Residential |
| Subdivision Name | DIXIELAND REV |
| Facing Direction | West |
| Garage Y/N | false |
| Other Structures | Other,Shed(s) |
| Total Rooms | 11 |
| Full Baths | 2 |
| Status | Active |
| Directions | From Downtown Lakeland, head south on Florida Ave S, turn left onto Ariana St, then right onto S Ohio Ave. Property will be on the left at 1040 S Ohio Ave, Lakeland, FL 33803. Use GPS for best results. |
| High School | Lakeland Senior High |
| City | LAKELAND |
| Senior Community Y/N | false |
| MLS Area | 33803 - Lakeland |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 7000 |
| Carport Spaces | 4 |
| Carport Y/N | true |
| Listing Terms | Cash,Conventional,FHA,Other,VA Loan |
| Elementary School | Dixieland Elem |
| Property Attached Y/N | false |
| Land Lease Y/N | false |
| Tax Annual Amount | 3855 |
| Middle/Junior High School | Southwest Middle School |
| Additional Parcels Y/N | false |
| Lease Considered Y/N | true |
| Virtual Tour | https://vimeo.com/1221597026?share=copy&fl=sv&fe=ci |
| Building Area Units | Square Feet |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Occupancy Type | Vacant |
| Tax Lot | 12 |
| Legal Description | DIXIELAND PB 1 PG 67 BLK CC LOTS 12 N 70 FT & N 70 FT OF 13 |
| Minimum Lease | No Minimum |
| Water Access Y/N | false |
| Additional Rooms | Bonus Room,Den/Library/Office,Family Room,Florida Room,Interior In-Law Suite w/Private Entry |
| Water View Y/N | false |
| Flood Zone Code | X |
| In Law Suite YN | true |
| In Law Suite Description | 1 Bathroom,1 Bedroom,Attached,Private Entrance |
| Flood Zone Code X | Yes |
| DockY/N | false |
Interior Features
| Interior Amenities | Built-in Features,Ceiling Fan(s),Living Room/Dining Room Combo,Open Floorplan,Primary Bedroom Main Floor,Solid Wood Cabinets,Thermostat,Walk-In Closet(s),Window Treatments |
|---|---|
| Flooring | Carpet,Laminate,Tile |
| Furnished Y/N | Partially |
| Total Stories | 1 |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Window Features | Blinds,Drapes,Shades |
| Fireplace Y/N | false |
| Laundry Features | Laundry Room |
| Total Bedrooms | 2 |
| LivingAreaSource | Public Records |
| Total Baths | 2 |
Exterior Features
| Exterior Amenities | French Doors,Lighting,Outdoor Shower,Private Entrance,Private Yard,Rain Gutters,Storage |
|---|---|
| Vegetation | Mature Landscaping |
| Fencing | Board,Fenced,Wood |
| Parking Features | Alley Access,Covered,Driveway,Open |
| Lot Features | Historic District,City Lot |
| Water Source | Public |
| Lot Size Area | 7000 |
| Foundation Details | Crawlspace |
| Building Area Total | 1263 |
| Lot Dimensions | 70 x 100 |
| Lot Size Acres | 0.16 |
| Road Surface Type | Brick,Concrete,Paved |
| Private Pool | false |
| Waterfront Y/N | false |
| Covered Spaces | 4 |
| Road Frontage Type | Street Brick |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 33803
Price
Taxes
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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.
Updated on November 8, 2026 4:14 PM UTC
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