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For Sale
$550,000

111 174TH Avenue E, Redington Shores, FL 33708

Residential Income, REDINGTON SHORES, FL

Property Size1,400 SF
Lot Size0.11 Acres
Price / SF$392.86
Days on Market50

Property Features for 111 174TH Avenue E

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning A
Rooms Dining Room
Parking features Driveway
Security features Security Lighting
Window features Tinted Windows, Storm Window(s), Double Pane Windows, Window Treatments, Insulated Windows, Blinds
Patio and Porch features Porch
Pets allowed Yes
Interior features Ceiling Fans(s), Living Room/Dining Room Combo, Primary Bedroom Main Floor, Window Treatments
Exterior features Outdoor Shower, Private Entrance, Private Yard, Rain Gutters, Sprinkler Metered, Storage
Subdivision GAY SHORES
Lot features Coastal Construction Control Line, Flood Insurance Required, Flood Zone, Landscaped, Paved, Unincorporated
Directions Head West on Park Blvd and merge onto Gulf Blvd heading South towards Redington Shores. Head south on Gulf for approximately 1 mile. Turn left onto 174 Ave E. Property is on Right after the Dunkin' Donuts parking lot.
Standard status Active
APN 32-30-15-30438-001-0080
Size 1,400 SF
Lot size 0.11 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description GAY SHORES BLK 1, LOT 8 & PT INTEREST 3 FT STRIP TO GULF AS DESC IN DEED 1437/127 (SEE MAP SE 31-30-15)
Tax Annual Amount 4581
Legal Description GAY SHORES BLK 1, LOT 8 & PT INTEREST 3 FT STRIP TO GULF AS DESC IN DEED 1437/127 (SEE MAP SE 31-30-15)

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Space Heater, Heat Pump (Heating)
Cooling system Wall/Window Unit(s), Window Unit(s)
Water source Public

Building Details

Year built 1950
Floors in Building 1
Flooring type Linoleum
Building materials Block
Roof type Shingle
Additional Structures Storage
Listing Agency: SMITH & ASSOCIATES REAL ESTATE
Listed By: Jenny Schmidt · License #3575986
Added: Aug 19 Changed: Oct 7 Last Checked: Oct 7 at 7:06PM
MLS# TB8539742

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.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$16,341
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,820 $326.8K
Cap Rate 7%
$233,443 $233.4K
Cap Rate 9%
$181,567 $181.6K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$25.0K $17.88/SF
− Vacancy
−$1.7K −$1.21/SF
EGI
$23.3K $16.67/SF
− OpEx
−$7.0K −$5.00/SF
NOI
$16.3K $11.67/SF
Area
Pinellas County, FL
Vacancy
6.74%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,820
Cap Rate 7%
$233,443
Cap Rate 9%
$181,567

Alternative Uses

Best Use
Multifamily LT 5
$233.4K
$204.3K – $272.4K (±1% cap)
NOI $16,341 @ 7.0% cap · market cap 2.97%
Second Best
Apartment 5plus
$183.9K
$161.0K – $214.6K (±1% cap)
NOI $12,876 @ 7.0% cap · market cap 2.34%
Theoretical Best
Office A
$364.2K
$318.6K – $424.9K (±1% cap)
NOI $25,491 @ 7.0% cap · market cap 4.63%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office Law Firm HVAC Service Big Box & Wholesale Store Kitchen & Bath Showroom Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

315
Businesses Nearby

Demographics for 33708, FL

16,034
Population
13,211
Households
1.2
Avg Household Size
60
Median Age
44%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
4,716
Density / Sq Mi
$83,773
Median Household Income
$49,403
Median Earnings
$1,961
Median Rent
$463,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

Where is this duplex located?
The property is located at 111 174TH Avenue E Redington Shores, FL.
What is the asking price?
The asking price for this property is $550,000.
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