Updated Triplex with Block
519 FLORIDA AVENUE, Clearwater, FL 33756
New
Triplex - CLEARWATER, FL
Type:Triplex
Property size:
1,768 SFLot size:
0.14 AcresPrice / SF:
$223/SF- Added:
- Jun 22, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 22 at 5:06 pm
Property Features for 519 FLORIDA AVENUE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Bedrooms
- 6
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking features
- Driveway, On Street, Open
- Pets allowed
- Yes
- Interior features
- Ceiling Fans(s), Living Room/Dining Room Combo, Solid Wood Cabinets
- Exterior features
- Paved, Outdoor Grill, Storage
- Appliances
- Range, Refrigerator
- Standard status
- Active
- APN
- 14-29-15-85950-001-0100
- Size
- 1,768 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4615
Utilities
- Heating system
- Ductless (Heating)
- Cooling system
- Multi Units, Wall/Window Unit(s), Window Unit(s)
Building Details
- Year built
- 1954
- Number of units
- 3
- Flooring type
- Tile
- Building materials
- Block, Concrete
- Roof type
- Shingle
- Architectural style
- Other
- Additional Structures
- Storage
Listing agent Jennifer Kenna License #3288205 (941) 253-3003
Listing office EXP REALTY, LLC 1210 4th Ave W, Jacksonville, FL (941) 462-3321
Listing date Jun 22, 2026
MLS# A4696944
Listing URL
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Triplex with three units: 519A (1 bed/1 bath), 519 (1 bed/1 bath), and 521 (2 bed/1 bath) plus rear unit at rear of property
- Renovations completed in 2023 include gray vinyl flooring, water heaters, and appliances with interior improvements throughout the units
- Appliances included: range and refrigerator; washer installed in 2025 and dryer replaced in 2022
- Solid block construction with shingle roof and tile flooring; ductless heating and multiple wall/window A/C units
- Projected gross annual rental income of approximately $68,400
- Low‑maintenance setup with transferable pest control contract and two electric meters; includes paved exterior with outdoor grill and storage
Overview
This updated triplex includes three separate residences in a solid block building, supported by low-maintenance systems. Renovations completed in 2023 added gray vinyl flooring, water heaters, appliances, and interior improvements across the units. Additional in-unit updates include a washer installed in 2025 and a dryer replaced in 2022. The property also includes two electric meters and a transferable pest control contract.
Unit 519A is a 1-bedroom, 1-bath home. Unit 519 is a larger 1-bedroom, 1-bath unit. Unit 521 is a rear 2-bedroom, 1-bath residence. An adjacent office space sits next to Unit 519 and is currently separate, presenting a potential option to incorporate it to create a larger floor plan.
Located in Clearwater near Clearwater High School, shopping, dining, Gulf to Bay Boulevard, and other major amenities, the property is designed for an owner or investor seeking a multi-unit rental setup with recent interior upgrades. The seller states current projected gross annual rental income is approximately $68,400, supporting the existing income approach while leaving room to evaluate how the adjacent office space may fit into future unit configuration goals.
Unit 519A is a 1-bedroom, 1-bath home. Unit 519 is a larger 1-bedroom, 1-bath unit. Unit 521 is a rear 2-bedroom, 1-bath residence. An adjacent office space sits next to Unit 519 and is currently separate, presenting a potential option to incorporate it to create a larger floor plan.
Located in Clearwater near Clearwater High School, shopping, dining, Gulf to Bay Boulevard, and other major amenities, the property is designed for an owner or investor seeking a multi-unit rental setup with recent interior upgrades. The seller states current projected gross annual rental income is approximately $68,400, supporting the existing income approach while leaving room to evaluate how the adjacent office space may fit into future unit configuration goals.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.0k | $26.04 |
| − Vacancy | −$3.5k | −$2.01 |
| EGI | $42.5k | $24.03 |
| − OpEx | −$10.6k | −$6.01 |
| NOI | $31.9k | $18.03 |
1,768 SF · lease $26.04/SF/yr · vacancy 7.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$455.3K
$398.4K – $531.2K
NOI $31,870 @ 7.0% cap · market cap 8.07%
Second Best
Multifamily LT 5
$348.4K
$304.8K – $406.4K
NOI $24,386 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$496.0K
$434.0K – $578.7K
NOI $34,722 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Clearwater
- County
- Pinellas
- State
- Florida
- Longitude
- -82.76317
- Latitude
- 27.9597
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Three updated residences in solid block construction, with recent unit improvements and an adjacent office space.
Where is this triplex located?
The property is located at 519 FLORIDA AVENUE Clearwater, FL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Triplex with three units: 519A (1 bed/1 bath), 519 (1 bed/1 bath), and 521 (2 bed/1 bath) plus rear unit at rear of property; Renovations completed in 2023 include gray vinyl flooring, water heaters, and appliances with interior improvements throughout the units; Appliances included: range and refrigerator; washer installed in 2025 and dryer replaced in 2022
