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5-Unit Apartment Building
New
For Sale
$850,000

115 Cleveland Avenue, Largo, FL 33770

Five one-bedroom units support a mix of long-term and mid-term rental arrangements.

Property Size2,354 SF
Price / SF$361.09
Days on Market3

Property Features for 115 Cleveland Avenue

General Information

Standard status Active
Size 2,354 SF
Property subtype Multi-family
Occupancy 100%

Units

Unit Mix 5 x 1BR/1BA
Multifamily Units 5

Amenities

private fenced outdoor space

Building Details

Year Built 1960
Buildings 1
Tenancy Multi
Listing Agency: EXP REALTY LLC
Listed By: John Rurkowski · License #704237
Source: Realtygroupfl
Added: Oct 13 Changed: Oct 15 Last Checked: Oct 15 at 2:08AM

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 EXP REALTY LLC

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Investment Insights

Based on property information with market context.

This five-unit apartment property contains 2,354 square feet across five one-bedroom, one-bathroom units, built in 1960. Each residence has its own fenced outdoor area. The current rental mix includes three long-term units and two furnished mid-term units, with mid-term stays lasting 90 days or more.

Located at 115 Cleveland Avenue in Largo, Florida, the property is outside the requirement for flood insurance. Furnishings can be added or removed to shift the units between mid-term and traditional long-term rental use.

Key Highlights

  • Five 1‑bedroom, 1‑bathroom units
  • 2,354 square feet; built in 1960
  • Three units currently rented long‑term and two on a mid‑term basis for stays of 90 days or more

Property Analytics

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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.

Lease Details

5
Residential units
100%
Occupancy
Multi-tenant
Tenancy

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Five one-bedroom units support a mix of long-term and mid-term rental arrangements.
Where is this apartment building located?
The property is located at 115 Cleveland Avenue Largo, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Five 1‑bedroom, 1‑bathroom units; 2,354 square feet; built in 1960; Three units currently rented long‑term and two on a mid‑term basis for stays of 90 days or more
More about this property
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