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Multifamily Property with Rental Income
For Sale
$900,000

115 CLEVELAND Ave, Largo, FL 33770

Five units with long-term and mid-term rental income potential.

Property SizeContact for details
Days on Market106

Property Features for 115 CLEVELAND Ave

General Information

Standard status Active
Property subtype Investment

Building Details

Year Built 1960
Listing Agency:
Listed By: Brad Carter
Source: Elliman
Added: Apr 24 Changed: Jul 10 Last Checked: Aug 7 at 12:54AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brad Carter

Investment Insights

Based on property information with market context.

This multifamily property features five units, all one-bedroom, one-bathroom layouts, offering a mix of rental options. Three units are designated for long-term leases, providing stable income. The remaining two units are rented on a mid-term basis through platforms like Airbnb, VRBO, and Furnished Finders. All units include a private and fenced outdoor space. The property is not in a flood zone. It is suited for entering the Airbnb rental market, offering a transition for new investors. For seasoned investors, this property enhances portfolio diversification and revenue potential. Units can be converted to all traditional rentals or all mid-term rentals with the addition or omission of furnishings. The bike score is 51, indicating it is bikeable. The walk score is 61, indicating it is somewhat walkable. The transit score is 31, indicating some transit options are available.

Key Highlights

  • Mix of long‑term and mid‑term rental options provides flexible income streams.
  • Three units currently generate stable income through long‑term leases.
  • Two units successfully rented mid‑term via Airbnb, VRBO, and Furnished Finders.

Property Analytics

Current Use

Lake Duke Museum

Suggested Use

Top Pick Bakery Parking Lot & Garage (Bike/Boat/Book/etc) Store Dental Office Food Market Catering Service

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

1,389
Businesses Nearby

Demographics for 33770, FL

25,475
Population
13,417
Households
1.9
Avg Household Size
50
Median Age
26%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
4,899
Density / Sq Mi
$58,071
Median Household Income
$39,354
Median Earnings
$1,481
Median Rent
$245,200
Median Home Value

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

What type of property is this?
Short term rental property - Five units with long-term and mid-term rental income potential.
Where is this short term rental property located?
The property is located at 115 CLEVELAND Ave Largo, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Mix of long‑term and mid‑term rental options provides flexible income streams.; Three units currently generate stable income through long‑term leases.; Two units successfully rented mid‑term via Airbnb, VRBO, and Furnished Finders.
More about this property
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