218 PINELLAS AVENUE
TARPON SPRINGS, FL 34689
About this home
Wooowww!!! Prime multi-family investment opportunity!!! Highly sought after well located apartment building! 11 UNIT APARTMENT BUILDING in Tarpon Springs, Florida (2 bed 1 bath x 3, 1 bed 1 bath x 8)! Exceptional opportunity to acquire a 11 unit apartment building in one of Pinellas County’s most desirable and rapidly growing coastal communities! This multi-family investment property offers investors the chance to own a well-located income-producing asset with strong rental demand and excellent long-term appreciation potential. Ideally situated within minutes from Downtown Tarpon Springs, the world-famous Tarpon Springs Sponge Docks, Sunset Beach, the Pinellas Trail, marinas, shopping, restaurants, and major roadways including highway. Incredible convenience while attracting a wide tenant base. Whether you are expanding your real estate portfolio, completing a 1031 exchange, or seeking a stable cash-flow investment, this 11 unit multi-family property presents a rare opportunity! This apartment building is ideally positioned for investors seeking multi-family real estate, rental property, income property, investment real estate, or a value-add opportunity in Pinellas County. Conveniently located near Clearwater, Dunedin, Palm Harbor, and the beautiful Gulf beaches, the property offers an exceptional combination of location, income potential, and long-term value! It is extremely rare that a 11 unit apartment building in Tarpon Springs becomes available in such an amazing location! Don’t miss this great opportunity to own a premier multi-family investment property in one of Tampa Bay’s most vibrant and historic coastal communities! Schedule your showing today!
Facts & features
Interior
- Living area
- 6,350 sqft
- Heating
- Electric
- Cooling
- Wall/Window Unit(s)
Exterior & lot
- Lot size
- 6,856 sqft (0.16 ac)
- Roof
- Shingle
- Construction
- Stucco
Financial
- Annual tax
- $18,837 (2025)
- Price / sqft
- $205/sqft
Utilities
- Water
- Public
- Sewer
- Public Sewer
Property
- Property type
- Single Family
- Year built
- 1925
- Subdivision
- NOBLITTS G E
- County
- Pinellas
Listing
- Status
- Active
- Days on market
- 5 days
- MLS #
- MFR801497476
- Source
- Stellar MLS
Listed by Tomoko Ryan · GREAT HOMES REALTY INC
Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.
Sample estimate — not an appraisal
Based on 21 comparable sales within 3 miles of TARPON SPRINGS, FL, this home is priced under RENA ValiQ.
Reference only. Estimates blend public sale comps, neighbourhood trend and the listing’s own metrics. Final price moves on diligence, terms and timing — RENA is your second read, not your agent.
Estimate your monthly cost
PITI + HOA- Principal & interest
- $6,919/mo
- Property tax
- $1,517/mo
- Home insurance
- $200/mo
Tax, insurance and HOA are editable estimates with Florida-typical defaults — Florida homeowners insurance in particular varies widely by location and elevation. Confirm exact figures with a lender and insurer.
Ask about this property
Answered from this listing’s own figures and the sales around it.
Price history
From the property’s MLS record.
| Date | Event | Price | Change |
|---|---|---|---|
| Jul 30, 2026 | Listed | $1,300,000 | — |
NeighbourhoodSample data
Reference scores for TARPON SPRINGS, FL. Schools, mobility and amenities feed live data once the dedicated provider connection lands.
Location
Frequently asked questions
What would 218 PINELLAS AVENUE, TARPON SPRINGS cost per month?
About $8,793 a month: $6,574 principal and interest, $1,570 property tax, $650 insurance. That assumes 20% down at 6.5% over 30 years.
Is 218 PINELLAS AVENUE, TARPON SPRINGS priced fairly?
Comparable sales nearby put it between $1,910,429 and $2,198,021, with $2,054,225 in the middle. That is from 8 properties of the same type and size within three miles, at a median of $324 a square foot.
How does 218 PINELLAS AVENUE, TARPON SPRINGS compare to nearby homes?
8 comparable properties within three miles. The nearest: 208 SPRING BOULEVARD, TARPON SPRINGS, FL at $1,490,000, 5,388 sq ft, 0.31 miles away; 62 CENTRAL COURT, TARPON SPRINGS, FL at $2,500,000, 3,890 sq ft, 0.43 miles away; 00 ATHENS, TARPON SPRINGS, FL at $5,500,000, 6,098 sq ft, 0.49 miles away.
How long has 218 PINELLAS AVENUE, TARPON SPRINGS been on the market?
5 days on the market.
Has the price of 218 PINELLAS AVENUE, TARPON SPRINGS changed?
The price has not moved since it was listed.
How big is 218 PINELLAS AVENUE, TARPON SPRINGS?
null bed, null bath, 6,350 square feet. That is $205 a square foot.
What year was 218 PINELLAS AVENUE, TARPON SPRINGS built?
Built in 1925.
What is the HOA fee at 218 PINELLAS AVENUE, TARPON SPRINGS?
The feed lists no association fee for this property.
What are the property taxes at 218 PINELLAS AVENUE, TARPON SPRINGS?
Property tax works out to about $1,570 a month, $18,837 a year.
Is 218 PINELLAS AVENUE, TARPON SPRINGS still available?
It is still on the market.
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