218 N Pinellas Ave Tarpon Springs, FL 34689
Property details
About 218 N Pinellas Ave
Vacant newly remodeled.Close to the Beach and Downtown Tarpon Springs. ¡PRICE NOW REDUCED! Unique Opportunity in Tarpon Springs!, Ready for long-term rentals. This apartment building is a renovated 12-unit multifamily building at 218 N Pinellas Avenue in the heart of historic Tarpon Springs, Florida. The building offers a mix of: - Three two-bed/one-bath units - Six one-bed/one-bath units. !% Bedrooms and 11 Bathrooms. - Two studios, and one management office suite. -Renovations on walls, ceilings, etc -new flooring tile and vinyl -fresh paint -modern kitchen cabinets with quartz countertops, -New appliances (new ranges, new fridges) -New bathrooms, also all bathtub were porcelainized -Reinforced structure, concrete columns. -New asphalt parking spaces Additional improvements include: New secure doors, durable and resistant flooring, a modern electrical system with LED lighting, efficient gas and plumbing systems, new water heaters. This property has not been affected by any flood or hurricane damage, ensuring it's properly structured and supported. For investors, 218 N Pinellas Avenue represents an exceptional opportunity. It requires minimal maintenance while offering solid rental income potential. With a historically high occupancy rate and a projected 9.39% return on investment. EXCELLENT LOCATION DOWNTOWN PROPERTY!!! 218 N Pinellas Avenue is a short walk to the scenic Anclote River, local parks, and stunning beaches like Fred Howard Park Beach (9 minutes from the property) and from Sunset Beach (7 minutes. Amid the Pinellas Trail Corridor District in a lively tourist area, 218 N Pinellas Avenue is positioned for future redevelopment opportunities. Employment centers like Florida Hospital North Pinellas and St. Pete College is within 2 miles, and the nearby Walmart Supercenter offers additional convenience for residents. Smooth access to major highways such as US Highway 19 and Interstate 275 makes commuting and travel a breeze. Live in the Center of Action: - Walking distance to shopping centers (City Plaza, Sponge Exchange, Tarpon Plaza) - Close proximity to natural parks (Anclote Key Preserve, Brooker Creek Preserve, John Chesnut Sr. Park) - Near renowned hospitals (AdventHealth, Morton Plant, Medical Center of Trinity) Connectivity and Convenience: - Walk Score: 85 (highly walkable area) - Easy access to public transportation (score 32) - Bike infrastructure (bike score 68) Education: Colleges & Universities: St Petersburg, Tarpon Springs Drive: 6 min 3.1 mi St Petersburg, Clearwater Drive: 21 min 13.9 mi Pasco-Hernando C.C., West Drive:28 min 14.5 mi St Petersburg College., EpiCenter Drive:29 min 19.7 mi 218 N Pinellas Ave is within 6 minutes or 3.1 miles from St Petersburg, Tarpon Springs. It is also near St Petersburg, Clearwater and Pasco-Hernando C.C., West.
Highlights
Virtual tour
Summary
- Interior: Ceiling Fans(s), Thermostat
- Total Bedroom Count: 24
- Private Pool: No
- Exterior: Other
- Heating: None
- Cooling: Wall/Window Unit(s)
- List Price: $1,490,000
- Price/SqFt: $234
- Annual Tax Amount: $18,104
- Tax Year: 2023
- Directions: -Via Co Rd 1 From Clearwater: Continue toward N Martin Luther King Jr Ave. 56 s (0.2 mi) Take Drew St, N Keene Rd, County Rd 1, Co Rd 1, and Palm Harbor Blvd toward Pinellas Ave in Tarpon Springs. 33 min (15.2 mi) 218 N Pinellas Ave Tarpon Springs, FL 34689
- Year Built: 1925
- Living Area: 6,350 SqFt
- Lot Size: 0.16 Acres
- MLS Number: TB8364478
- MLS Name: MFRMLS
- Office Name: STATION SQUARE REALTY LLC
- Office Phone: (727) 642-8805
- Listing Agent: Ray Cassano
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Last updated on: 5/11/2025, 1:19:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,490,000
218 N Pinellas Ave
$10,000
closing credit¹
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0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 03, 2024 | Home Sold | $700,000 |
| Jul 29, 2021 | Home Sold | $1,095,000 |
| Jun 01, 2005 | Home Sold | $500,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $965,000 | $18,104 |
| 2022 | $940,000 | $17,744 |
| 2021 | $570,000 | $17,744 |
| 2020 | $455,000 | $10,317 |
| 2019 | $360,800 | $7,371 |
| 2018 | $328,000 | $6,684 |
| 2017 | $300,000 | $6,204 |
History based on county public records data.
Nearby schools
6
Tarpon Springs Elementary
Public District PK-5
0.5 mi
•555 Pine St
10
Tarpon Springs Fundamental Ele
Public Magnet KG-5
0.7 mi
•400 E Harrison St
9
Sunset Hills Elementary
Public District PK-5
1.2 mi
•1347 Gulf Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $29,139. Most Tarpon Springs, FL residents have annual incomes less than $<35k. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Pro Boxing
Figure Skating
NHRA Drag Racing
Where do the neighbors shop?
Family Dollar
Chico's
Big Lots
Where do the neighbors go to eat?
White Castle
Bob Evans
Golden Corral
What do the neighbors drive?
Chevrolet
Oldsmobile
Kia
What do the neighbors listen to?
Rock
News
Adult Standards
This home is located at 218 N Pinellas Ave in Tarpon Springs, FL and zip code 34689 in the Tarpon Springs Historic District neighborhood. This 6,350 square foot home, which was built in 1925, sits on a 0.16 acre lot. Features: 24 bedrooms, 12 bathrooms. It has been listed on Rocket Homes since March 24, 2025 and is currently priced at $1,490,000.
In April 2025, from all listings sold in Tarpon Springs, FL there were more than 6 sold above asking price, over 39 sold below and more than 8 were sold right at the asked price. Between March and April 2025, Tarpon Springs, FL real estate market has seen increase in the number of listings by 5.7%. In April 2025, listings were on the market for 76 days. During the same period, the median list price in this real estate market was $442,421.