Updated Triplex with Three
519 FLORIDA AVENUE, Clearwater, FL 33756
New
- Added:
- Jun 22, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 26 at 9:06 am
Property Features for 519 FLORIDA AVENUE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Bedrooms
- 4
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
- Parking features
- Driveway, On Street, Open
- Pets allowed
- Yes
- Interior features
- Ceiling Fans(s), Living Room/Dining Room Combo, Solid Wood Cabinets
- Exterior features
- Paved, Outdoor Grill, Storage
- Appliances
- Range, Refrigerator
- Standard status
- Pending
- APN
- 14-29-15-85950-001-0100
- Size
- 1,768 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4615
Utilities
- Heating system
- Ductless (Heating)
- Cooling system
- Multi Units, Wall/Window Unit(s), Window Unit(s)
Building Details
- Year built
- 1954
- Number of units
- 3
- Flooring type
- Tile
- Building materials
- Block, Concrete
- Roof type
- Shingle
- Architectural style
- Other
- Additional Structures
- Storage
Listing agent Jennifer Kenna License #3288205 (941) 253-3003
Listing office EXP REALTY, LLC 1210 4th Ave W, Jacksonville, FL (941) 462-3321
Listing date Jun 22, 2026
MLS# A4696944
Listing URL
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Updated triplex with 3 separate residences: two 1‑bedroom/1‑bath units plus one 2‑bedroom/1‑bath unit
- Renovations completed in 2023: gray vinyl flooring, water heaters, appliances, and interior improvements throughout the units
- Additional updates: washer installed in 2025 and dryer replaced in 2022
- Solid block/concrete construction with transferable pest control contract and two electric meters
- Projected gross annual rental income is approximately $68,400
- Multiple cooling options including ductless (heating) and wall/window unit(s); parking includes driveway, open, and on‑street
Overview
This updated triplex offers three separate residences supported by low-maintenance systems and solid block construction. Renovations completed in 2023 include gray vinyl flooring, water heaters, appliances, and interior improvements throughout the units. Additional laundry and equipment updates include a washer installed in 2025 and a dryer replaced in 2022. The property also includes transferable pest control, and two electric meters serving the building.
The tenant-facing layout includes a 1-bedroom, 1-bath unit at 519A, a larger 1-bedroom, 1-bath unit at 519, and a 2-bedroom, 1-bath unit at 521 located at the rear of the property. An adjacent office space next to Unit 519 is currently part of the improvements and may offer flexibility for an end user or operator considering reconfiguration of the unit’s layout.
For investors or buyers seeking an income-oriented multi-family asset, the property’s three distinct floor plans and recent capital updates can support easier day-to-day management. Its location near Clearwater High School, shopping, dining, Gulf to Bay Boulevard, and other amenities may be attractive to prospective tenants, while the transferable pest control contract helps reduce ongoing administrative steps.
The tenant-facing layout includes a 1-bedroom, 1-bath unit at 519A, a larger 1-bedroom, 1-bath unit at 519, and a 2-bedroom, 1-bath unit at 521 located at the rear of the property. An adjacent office space next to Unit 519 is currently part of the improvements and may offer flexibility for an end user or operator considering reconfiguration of the unit’s layout.
For investors or buyers seeking an income-oriented multi-family asset, the property’s three distinct floor plans and recent capital updates can support easier day-to-day management. Its location near Clearwater High School, shopping, dining, Gulf to Bay Boulevard, and other amenities may be attractive to prospective tenants, while the transferable pest control contract helps reduce ongoing administrative steps.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.1k | $21.00 |
| − Vacancy | −$2.3k | −$1.30 |
| EGI | $34.8k | $19.70 |
| − OpEx | −$10.5k | −$5.91 |
| NOI | $24.4k | $13.79 |
1,768 SF · lease $21.00/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$348.4K
$304.8K – $406.4K
NOI $24,386 @ 7.0% cap · market cap 6.17%
Second Best
Apartment 5plus
$311.7K
$272.8K – $363.7K
NOI $21,821 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$496.0K
$434.0K – $578.7K
NOI $34,722 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Clearwater
- County
- Pinellas
- State
- Florida
- Longitude
- -82.76317
- Latitude
- 27.9597
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Three-block-constructed residences updated with 2023 improvements, plus newer laundry and appliances.
Where is this triplex located?
The property is located at 519 FLORIDA AVENUE Clearwater, FL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Updated triplex with 3 separate residences: two 1‑bedroom/1‑bath units plus one 2‑bedroom/1‑bath unit; Renovations completed in 2023: gray vinyl flooring, water heaters, appliances, and interior improvements throughout the units; Additional updates: washer installed in 2025 and dryer replaced in 2022
