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8-Unit Waterfront Apartment Building
New
For Sale
$3,950,000

2307 BAY BOULEVARD, Indian Rocks Beach, FL 33785

INDIAN ROCKS BEACH, FL

Property Size5,932 SF
Price / SF$665.88
Days on Market3

Property Features for 2307 BAY BOULEVARD

General Information

Property type Commercial Sale
Property subtype Other
Subdivision INDIAN BEACH RE-REVISED 16TH ADD
Standard status Active
Size 5,932 SF

Amenities

on-site marina
EV charging station
common laundry facility
water views
courtyard

Building Details

Year built 1969
Listing Agency: Engel & Volkers Madeira Beach · Engel & Völkers
Listed By: Evan Pedone · License #3370730
Added: Sep 30 Changed: Oct 1 Last Checked: Oct 2 at 7:06PM
MLS# TB8493725

Copyright © 2026 Engel & Völkers. 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.

This 5,932-square-foot apartment property in Indian Rocks Beach contains eight units across three buildings on three contiguous lots. The mix comprises five two-bedroom, one-and-a-half-bath apartments and three one-bedroom, one-bath apartments. Renovations were completed in 2026. A separate support building includes six covered carports, eight private storage rooms, common laundry, and an EV charging station.

The property has approximately 160 feet of water frontage and an on-site marina with six deepwater slips for vessels up to 50 feet. Each slip has 110V/220V electric service, water hookups, and an individual dock box. The beach is within walking distance, and guest parking is available.

The apartments were previously operated as annual rentals. Short-term leasing is allowed in Indian Rocks Beach. The property is at 2307 Bay Boulevard in Pinellas County.

Key Highlights

  • Eight apartments: five two‑bedroom, 1.5‑bath units and three one‑bedroom, one‑bath units
  • Renovations completed in 2026; three buildings on three contiguous lots
  • Approximately 160 feet of water frontage and six deepwater slips for vessels up to 50 feet

Property Analytics

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Current Use

Marinas

Suggested Use

Top Pick Law Firm Auto Repair Shop HVAC Service Building Supply Electrical Service Spa & Massage Center

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

8
Residential units

Location Intelligence

Trade Area within ½ mile

257
Businesses Nearby

Demographics for 33785, FL

4,863
Population
5,863
Households
0.8
Avg Household Size
59
Median Age
46%
College-Educated
97%
High-School Grad
1.2 sq mi
ZIP Area
4,053
Density / Sq Mi
$98,750
Median Household Income
$57,542
Median Earnings
$1,804
Median Rent
$689,500
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
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Six deepwater slips, covered vehicle spaces, and shared laundry add features beyond the residential accommodations.
Where is this apartment building located?
The property is located at 2307 BAY BOULEVARD Indian Rocks Beach, FL.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Eight apartments: five two‑bedroom, 1.5‑bath units and three one‑bedroom, one‑bath units; Renovations completed in 2026; three buildings on three contiguous lots; Approximately 160 feet of water frontage and six deepwater slips for vessels up to 50 feet
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