Multi-Family 5+ at 218 N PINELLAS AVE, TARPON SPRINGS
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$1,250,000

218 N PINELLAS AVE
TARPON SPRINGS, FL 34689
Listed by Tomoko Ryan · GREAT HOMES REALTY INC
Bedrooms
N/A
Bathrooms
N/A
Living area
6,350 sqft
Year built
1925

About this home

HUGE PRICE REDUCTION! 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)! ALL UNITS ARE RENTED! 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!

Property details

MLS
Stellar MLS
MLS #
MFRTB8534519
Property type
Multi-Family 5+
Subdivision
NOBLITTS G E
Status
Active
Days on market
68
On market date
August 1, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.16 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
TARPON SPRINGS ELEMENTARY SCHOOL
0.47 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
506
Student:teacher ratio
12.3:1
District
PINELLAS
Middle
TARPON SPRINGS MIDDLE SCHOOL
1.46 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
651
Student:teacher ratio
18.1:1
District
PINELLAS
High
TARPON SPRINGS HIGH SCHOOL
1.41 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,174
Student:teacher ratio
19.9:1
District
PINELLAS

Walkability

Blended score for TARPON SPRINGS's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

89
Highly walkable
out of 100
EPA National Walkability Index
16.3 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores9
Parks11
Schools17
Transit stops20
Pharmacies6

Market position

How this listing compares to current activity in TARPON SPRINGS, from live MLS data.

On the market 68 days -- 53 fewer days than TARPON SPRINGS's current average of 121 days.
For reference, the median list price across 504 active listings in TARPON SPRINGS right now is $322,450.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$7,678/mo
$250,000 down
$1,000,000 loan
Principal & interest$6,486
Property tax (est.)$1,042
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated 15 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.