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Property Description
Wooowww!!! Prime multi-family investment opportunity!!! Highly sought after well located apartment building! 11 UNIT & 1 OFFICE apartment building in Tarpon Springs, Florida (2 bed 1 bath x 3, 1 bed 1 bath x 7, 1 studio with 1 full bath & 1 office)! Exceptional opportunity to acquire a 12 unit apartment building in one of Pinellas County's most desirable and rapidly growing coastal communities! ALL UNITS ARE RENTED, EXCEPT ONE! 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 12 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 12 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!
Full Property Details
Full Property Details for 218 N Pinellas Ave
General
- Price: $1,300,000
- Taxes: $18,837 (2025)
- Status: Active
- Type: Commercial
- Source: MidFloridaRegionalMLS
- MLS ID: TB8534519
- Updated: Today (8/1/2026)
- Added to Site: Today
Location
- Area: 34689 - Tarpon Springs
- County: Pinellas
- Development Name: 34689 - Tarpon Springs
- Subdivision: NOBLITTS G E
- Driving Directions: Alt 19 to Tarpon Springs (Alt 19 changes names a few times but is Pinellas Ave in Tarpon Springs). The property is North of Downtown Tarpon Springs.
Community
- Community Name: 34689 - Tarpon Springs
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- # Buildings: 1
- Exterior Const.: Stucco
- Roof: Shingle
- Square Feet: 6,350
- Sq. Ft. Source: Public Records
- Year Built: 1925
Lot Features
- Lot Size (Acres): 0.16
- Lot Size (Sq. Ft.): 6,856
- Lot Size: 6856
- Lot Dimensions: 69 x 100
- Frontage: State Road
- Street/Road Desc.: Asphalt
Financial Considerations
- Tax Amount: $18,837.2
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: NOBLITT'S, G.E. LOT 5 AND N 18.5FT OF LOT 7
- Flood Zone Info: x
- APN: 122715602280000050
- Property ID: 122715602280000050
- Block/Lot/Section: 60228
Listed by Great Homes Realty Inc
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Schools
Schools serving 218 N Pinellas Ave
School District:Pinellas County School District
| Name | Grades | Distance |
|---|---|---|
Tarpon Springs Elementary School 555 Pine Street, Tarpon Springs, FL 34689 | PK-5 | 0.5 mi |
Tarpon Springs High School 1411 Gulf Road, Tarpon Springs, FL 34689 | 9-12 | 1.4 mi |
Tarpon Springs Middle School 501 North Florida Avenue, Tarpon Springs, FL 34689 | 6-8 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 218 N Pinellas Ave
Date
Details
Price
Change
Source
8/01/2026
Listed
$1,300,000
-13.33%
MLS
7/24/2025
Sold
$1,500,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 218 N Pinellas Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$18,837
14%
$1,000,000
11%
2024
$16,590
-8%
$900,000
-7%
2023
$18,105
75%
$965,000
69%
2021
$10,318
-42%
$570,000
-39%
2022
$17,744
72%
$940,000
107%
2021
$10,318
40%
$455,000
26%
2019
$7,372
10%
$360,800
10%
2018
$6,685
8%
$328,000
9%
2017
$6,204
6%
$300,000
5%
2016
$5,844
9%
$285,000
14%
2015
$5,367
6%
$250,000
6%
2014
$5,068
2%
$235,100
2%
2013
$4,950
—
$230,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 218 N Pinellas Ave
218 N Pinellas Avenue, Tarpon Springs, FL 34689 (MLS# TB8534519) is a Commercial property. 218 N Pinellas Avenue is currently listed for $1,300,000 and was received on August 01, 2026. Want to learn more about 218 N Pinellas Avenue? Do you have questions about finding other Commercial real estate for sale in Tarpon Springs? You can browse all Tarpon Springs real estate or contact a Coldwell Banker agent to request more information.

