1040 S Ohio Ave, Lakeland, FL 33803
Local realty services provided by:CENTURY 21 SUNBELT REALTY
1040 S Ohio Ave,Lakeland, FL 33803
$293,900
- 2 Beds
- 2 Baths
- 1,100 sq. ft.
- Single family
- Active
Listed by: marissa taranto
Office: exp realty llc.
MLS#:P4938786
Source:MFRMLS
Price summary
- Price:$293,900
- Price per sq. ft.:$232.7
About this home
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!...
Contact an agent
Home facts
- Year built:1925
- Subdivision & Development:DIXIELAND REV
- Listing ID #:P4938786
- Added:123 day(s) ago
- Updated:October 29, 2026 at 03:32 AM
Rooms and interior
- Bedrooms:2
- Total bathrooms:2
- Full bathrooms:2
- Flooring:Carpet, Laminate, Tile
- Dining Description:Living Room/Dining Room Combo
- Kitchen Description:Convection Oven, Dishwasher, Disposal, Exhaust Fan, Ice Maker, Microwave, Range Hood, Refrigerator, Solid Wood Cabinets
- Bedroom Description:Primary Bedroom Main Floor, Walk-In Closet(s)
- Basement Description:Crawlspace
- Living area:1,100 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1925
- Building area:1,100 sq. ft.
- Lot area:0.16 Acres
- Architectural Style:Florida, Patio Home
- Construction Materials:Frame, Wood Siding
- Exterior Features:Covered Porch/Patio, Deck, Front Porch, Lighting, Outdoor Shower, Rain Gutters, Screened
- Levels:1 Story
Schools
- High school:Lakeland Senior High
- Middle school:Southwest Middle School
- Elementary school:Dixieland Elem
Utilities
- Water:Public, Water Connected
- Sewer:Public, Public Sewer, Sewer Connected
Finances and disclosures
- Price:$293,900
- Price per sq. ft.:$232.7
- Tax amount:$3,855 (2025)
Features and amenities
- Appliances:Convection Oven, Dishwasher, Disposal, Dryer, Exhaust Fan, Gas Water Heater, Ice Maker, Microwave, Range Hood, Refrigerator, Tankless Water Heater, Washer
- Laundry features:Dryer, Laundry Room, Washer
- Amenities:Built-In Features, Cable Connected, Ceiling Fans(s), Living Room/Dining Room Combo, Natural Gas Connected, Open Floorplan, Primary Bedroom Main Floor, Solid Wood Cabinets, Thermostat, Walk-In Closet(s), Window Treatments
- Pool features:Public Pool
Parking
- Parking description:4 Car Carport, Alley Access, Covered, Driveway, Open
- Carport spaces:4
New listings near 1040 S Ohio Ave
- Coming Soon
$460,000Coming Soon3 beds 3 baths2,903 sq. ft.6747 Hayter Drive, LAKELAND, FL 33813
MLS# L4965966Listed by: LAKELAND REAL ESTATE GROUP - Coming Soon
$310,000Coming Soon4 beds 2 baths1,831 sq. ft.2225 Olney Road, LAKELAND, FL 33801
MLS# P4940260Listed by: MY FLORIDA HOME SWEET HOME, LLC - Coming Soon
$715,000Coming Soon3 beds 2 baths2,941 sq. ft.3507 Barley Lane, LAKELAND, FL 33803
MLS# L4965325Listed by: PREMIER REALTY NETWORK, INC - Coming Soon
$869,900Coming Soon4 beds 3 baths2,755 sq. ft.6426 Highlands Oak Trail, LAKELAND, FL 33813
MLS# L4965933Listed by: BHHS FLORIDA PROPERTIES GROUP - Coming Soon
$200,000Coming Soon3 beds 2 baths1,496 sq. ft.5414 Quarry Rock Road #5414, LAKELAND, FL 33809
MLS# L4965855Listed by: REMAX EXPERTS - Coming Soon
$249,900Coming Soon3 beds 2 baths960 sq. ft.2947 N Martha Avenue, LAKELAND, FL 33805
MLS# L4965844Listed by: KELLER WILLIAMS REALTY - Coming Soon
$329,900Coming Soon3 beds 2 baths1,811 sq. ft.3876 Whistlewood Circle, LAKELAND, FL 33811
MLS# TB8557481Listed by: EXIT BAYSHORE REALTY - New
$800,000Active13 beds 6 baths4,200 sq. ft.312 Ariana Street #308-316, LAKELAND, FL 33802
MLS# TB8557965Listed by: INSTA REAL ESTATE SOLUTIONS - New
$265,900Active3 beds 2 baths1,080 sq. ft.600 N Eastside Drive, LAKELAND, FL 33801
MLS# TB8562475Listed by: HOME PRIME REALTY LLC - New
$435,000Active3 beds 2 baths1,882 sq. ft.6116 Highlands Grace Boulevard, LAKELAND, FL 33812
MLS# S5160387Listed by: BETTER HOMES & GARDENS LIFESTYLES REALTY