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Renovated Four-Unit Multifamily Property
New
For Sale
$749,000

516 12TH W A, Palmetto, FL 34221

Two duplex buildings offer updated interiors and substantial recent capital improvements.

Property Size1,224 SF
Days on Market3

Property Features for 516 12TH W A

General Information

Standard status Active
Size 1,224 SF
Property subtype Investment

Units

Unit Mix 4 x 2BR/1BA
Multifamily Units 4

Taxes and HOA fees

Annual Taxes $3,319

Building Details

Building Size 1,224 SF
Year Built 1981
Buildings 2
Listing Agency: EVRON & MCCARTHY REALTY LLC
Listed By: Randy McCarthy, Jr · License #3293568
Source: Elliman
Added: Sep 4 Last Checked: Sep 5 at 1:14PM

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 EVRON & MCCARTHY REALTY LLC

Investment Insights

Based on property information with market context.

This multifamily property includes two duplex buildings, including 518 12th St W, with four total rental units. Each unit provides two bedrooms and one bathroom. The buildings were constructed in 1981, and the interiors received updated kitchens, bathrooms, and flooring one year ago.

Recent capital work includes new roofs, central A/C systems, and hurricane-impact windows and doors across the property. The asset is located at 516 12TH W A in Palmetto, Florida, with a walk score of 32 and a bike score of 40.

Key Highlights

  • Four total rental units across two duplex buildings
  • Each unit includes 2 bedrooms and 1 bathroom
  • Updated kitchens, bathrooms, and flooring completed one year ago

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Acupuncture Butcher Carpet & Flooring Store Tanning Salon

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

961
Businesses Nearby

Demographics for 34221, FL

48,082
Population
24,812
Households
1.9
Avg Household Size
45
Median Age
28%
College-Educated
91%
High-School Grad
53.9 sq mi
ZIP Area
892
Density / Sq Mi
$74,314
Median Household Income
$40,072
Median Earnings
$1,459
Median Rent
$298,200
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?
Multifamily property - Two duplex buildings offer updated interiors and substantial recent capital improvements.
Where is this multifamily property located?
The property is located at 516 12TH W A Palmetto, FL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Four total rental units across two duplex buildings; Each unit includes 2 bedrooms and 1 bathroom; Updated kitchens, bathrooms, and flooring completed one year ago
More about this property
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