Triplex with
For Sale
$699,000
112 119TH Avenue, Treasure Island, FL 33706
MULTI_FAMILY - TREASURE ISLAND, FL
Property Size1,700 SF
Lot Size0.09 Acres
Price / SF$411.18
Days on Market414
Property Features for 112 119TH Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 1
Interior features
Cathedral Ceiling(s), High Ceilings, Primary Bedroom Main Floor
Exterior features
Courtyard, Fence, Outdoor Shower
Fencing
Fenced
Fireplace
1
Subdivision
CONEY ISLAND
Directions
South on Gulf Blvd turn left on 119TH AVE home is on the left
Standard status
Active
APN
15-31-15-17784-019-0260
Size
1,700 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
CONEY ISLAND BLK 19, LOT 26 LESS THAT PART DESC BEG MOST N'LY COR OF LOT 26 TH S65D06'E 103.68FT TO MOST E'LY LOT COR TH SW'LY 5FT ALG E'LY LOT LINE TH NW'LY 103FT(S) TO POB (MAP N-23-31-15)
Tax Annual Amount
11133
Legal Description
CONEY ISLAND BLK 19, LOT 26 LESS THAT PART DESC BEG MOST N'LY COR OF LOT 26 TH S65D06'E 103.68FT TO MOST E'LY LOT COR TH SW'LY 5FT ALG E'LY LOT LINE TH NW'LY 103FT(S) TO POB (MAP N-23-31-15)
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Building Details
Year built
1959
Number of units
3
Flooring type
Tile - Ceramic
Building materials
Block, Concrete
Listing Agency:
GLOBAL LIFESTYLE LLC
(727) 455-2709
Listed By:
Victor Macias · License #3524283
(815) 394-9266
Added: Jun 14, 2025
Changed: Jul 31
Last Checked: Aug 1 at 5:06AM
MLS# TB8403213
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.
Investment Insights
Based on property information with market context.
Located at 112 119th Avenue in Treasure Island, this triplex offers a compact, beach-area income setup with a shared outdoor setting. The property sits on a 0.09-acre lot and includes approximately 1,700 square feet under construction materials of block with tile-ceramic flooring. Built in 1959, the interior features include cathedral ceilings and high ceilings, and the home has electric heating. A fireplace is listed as present, and the property also includes cable available, public water, and public sewer.
The courtyard and fenced exterior support day-to-day outdoor use, and an outdoor shower is included. The unit mix is Unit #1 with one bedroom and one bath, Unit #2 with two bedrooms and one bath, and Unit #3 with one bedroom and one bath.
The buyer is to verify all measurements, zoning, and rental restrictions.
The courtyard and fenced exterior support day-to-day outdoor use, and an outdoor shower is included. The unit mix is Unit #1 with one bedroom and one bath, Unit #2 with two bedrooms and one bath, and Unit #3 with one bedroom and one bath.
The buyer is to verify all measurements, zoning, and rental restrictions.
Key Highlights
- 0.09‑acre lot with about 1,700 SF triplex built in 1959
- Three units: Unit #1 (1 bed, 1 bath), Unit #2 (2 beds, 1 bath), Unit #3 (1 bed, 1 bath)
- Block construction with tile‑ceramic flooring and electric heating
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 | $30.4k | $17.88 |
| − Vacancy | −$2.0k | −$1.21 |
| EGI | $28.3k | $16.67 |
| − OpEx | −$8.5k | −$5.00 |
| NOI | $19.8k | $11.67 |
1,700 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$283.5K
$248.0K – $330.7K
NOI $19,843 @ 7.0% cap · market cap 2.84%
Second Best
Apartment 5plus
$223.4K
$195.4K – $260.6K
NOI $15,635 @ 7.0% cap · market cap 2.24%
Theoretical Best
Office A
$442.2K
$386.9K – $515.9K
NOI $30,953 @ 7.0% cap · market cap 4.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
691
Businesses Nearby
Explore this area
Business Placement
Demographics for 33706, FL
15,309
Population
14,199
Households
1.1
Avg Household Size
60
Median Age
54%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
4,138
Density / Sq Mi
$97,364
Median Household Income
$80,504
Median Earnings
$1,646
Median Rent
$616,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - 1959 triplex with a courtyard and outdoor shower, plus three units with one- and two-bedroom layouts.
Where is this triplex located?
The property is located at 112 119TH Avenue Treasure Island, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 0.09‑acre lot with about 1,700 SF triplex built in 1959; Three units: Unit #1 (1 bed, 1 bath), Unit #2 (2 beds, 1 bath), Unit #3 (1 bed, 1 bath); Block construction with tile‑ceramic flooring and electric heating
