Commercial Sale · Multi Family (5+)
218 N PINELLAS AVENUE, TARPON SPRINGS, FL, 34689
Active8 days on marketListed Aug 1, 2026MLS #TB8534519
About this property
The property at a glance
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!
6,350
Building sq ft
$205
Price / sq ft
0.16
Lot acres
1925
Year built
12
Units
1
Building
Multi Family (5+)
Property type
The numbers
Investment snapshot
$108,333
Price / unit
12
Units
Estimated payment (illustrative)
Estimated payment
$7,575/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask David to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
27,007
Population
$66,523
Median income
55.7
Median age
2.15
Avg household
$311,500
Median home value
$1,207/mo
Median rent
1,849
Households w/ kids
Recent sales
What actually sold near 218 N PINELLAS AVENUE
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$937,500
4349 LOUIS AVENUE
6,276 sqft · $149/sqft · Sold Mar 18, 2026
$850,000
325 E LEMON STREET
7,098 sqft · $120/sqft · Sold Jun 24, 2025
$1,225,000
201 TARPON INDUSTRIAL DRIVE UNIT 3
7,760 sqft · $158/sqft · Sold Jun 20, 2025
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 218 N PINELLAS AVENUE — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 218 N PINELLAS AVENUE.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Keep looking
Similar properties nearby
Listing courtesy of GREAT HOMES REALTY INC · Tomoko Ryan. MLS #TB8534519.
IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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