Residential Income Property with Boat
For Sale
$834,900
265 115TH AVE, Treasure Island, FL 33706
Established residential income property with central air, household appliances, and exterior water and boat features.
Property Size2,992 SF
Days on Market525
Property Features for 265 115TH AVE
General Information
Standard status
Active
Size
2,992 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$3,877
Building Details
Building Size
2,992 SF
Year Built
1959
Listing Agency:
LPT REALTY, LLC.
Listed By:
Kristina Gabrielsen · License #3550756
(713) 444-8536
Source:
Judibeck
Added: May 14, 2025
Changed: Oct 12
Last Checked: Oct 19 at 4:07PM
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 LPT REALTY, LLC.
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Investment Insights
Based on property information with market context.
This residential income property contains 2,992 square feet and dates to 1959. Interior features include central air, central heating, a dishwasher, dryer, microwave, refrigerator, and washer. Exterior features include water, boat, and awning elements.
Key Highlights
- 2,992‑square‑foot residential income property
- Built in 1959
- Central air and central heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,518
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,360
$550.4K
Cap Rate 7%
$393,114
$393.1K
Cap Rate 9%
$305,756
$305.8K
Market Conditions
NOI Build-Up for 2,992 SF
Gross rent
$53.9K $18.00/SF
− Vacancy
−$3.8K −$1.28/SF
EGI
$50.0K $16.72/SF
− OpEx
−$22.5K −$7.52/SF
NOI
$27.5K $9.20/SF
Area
Pinellas County, FL
Vacancy
7.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,360
Cap Rate 7%
$393,114
Cap Rate 9%
$305,756
Alternative Uses
Best Use
Apartment 5plus
$393.1K
$344.0K – $458.6K
NOI $27,518 @ 7.0% cap · market cap 3.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$778.2K
$681.0K – $908.0K
NOI $54,477 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
660
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Established residential income property with central air, household appliances, and exterior water and boat features.
Where is this residential income property located?
The property is located at 265 115TH AVE Treasure Island, FL.
What is the asking price?
The asking price for this property is $834,900.
What are key features of this property?
This property features: 2,992‑square‑foot residential income property; Built in 1959; Central air and central heating
