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Multifamily Property with Pool and Spa

7054 HIBISCUS S AVENUE, South Pasadena, FL 33707

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For Sale

$699,900

Two homes in one with pool, spa, and income potential.

Type:Multi Family

Property size:

3,911 SF

Lot size:

0.37 Acres

Price / SF:

$178/SF

HighLights

Two Homes in One: Offers two separate living spaces, each with 3 bedrooms and 2 baths.
Income Potential: Easily divisible into two or three income‑generating properties.
Private Pool and Swim Spa: Enjoy private outdoor recreation and relaxation.
Dual Amenities: Features two laundry rooms and two private driveways for added convenience.
Bonus Room and Office: Includes additional flexible spaces for work or leisure.
Zoned RM‑10: Multi‑family zoning offers flexible usage options.

We can help!

Contact an agent

Frances Burke George

For Sale

$699,900

Two homes in one with pool, spa, and income potential.

Type:Multi Family

Property size:

3,911 SF

Lot size:

0.37 Acres

Price / SF:

$178/SF

Added:: Mar 23, 2026
Days on Market:: 102
Last Refresh:: Apr 6 at 3:41 am

Property Features for 7054 HIBISCUS S AVENUE

General Information

Standard status: Active
Size: 3,911 SF
Lot size: 0.37 Acres
Property subtype: Multi Family

Building Details

Year Built: 1949

We can help!

Contact an agent

Frances Burke George

Listing office CENTURY 21 RE CHAMPIONS

Listing date Mar 23, 2026

Source Exitrealty

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 CENTURY 21 RE CHAMPIONS

HighLights

Two Homes in One: Offers two separate living spaces, each with 3 bedrooms and 2 baths.
Income Potential: Easily divisible into two or three income‑generating properties.
Private Pool and Swim Spa: Enjoy private outdoor recreation and relaxation.
Dual Amenities: Features two laundry rooms and two private driveways for added convenience.
Bonus Room and Office: Includes additional flexible spaces for work or leisure.
Zoned RM‑10: Multi‑family zoning offers flexible usage options.

Overview

This multifamily property features two homes in one, each with 3 bedrooms and 2 baths. The property includes two laundry rooms and two private driveways, along with a large bonus room and office space. The property is zoned RM-10 Residential Multi Family, offering the potential to divide it into two or three income properties, or to accommodate a family on one side and parents on the other. The location offers a quiet neighborhood with a high walkability score. Outdoor amenities include a private pool and a private swim spa. There are four screened porches suitable for entertaining. The property sustained flood damage from Helene and is being sold as is, requiring remediation. The property size is 3911 square feet.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$69.9k	$17.88
− Vacancy	−$4.7k	−$1.21
EGI	$65.2k	$16.67
− OpEx	−$19.6k	−$5.00
NOI	$45.7k	$11.67

3,911 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$652.2K

$570.6K – $760.9K (±1% cap)

NOI $45,651 @ 7.0% cap · market cap 6.52%

Second Best

Apartment 5plus

$513.9K

$449.6K – $599.5K (±1% cap)

NOI $35,970 @ 7.0% cap · market cap 5.14%

Theoretical Best

Office A

$1.02M

$890.1K – $1.19M (±1% cap)

NOI $71,210 @ 7.0% cap · market cap 10.17%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: South Pasadena
County: Pinellas
State: Florida
Longitude: -82.7403513
Latitude: 27.7624995

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For sale
Duplexes
FL
South Pasadena
33707
7054 HIBISCUS S AVENUE

What type of property is this?

Duplex - Two homes in one with pool, spa, and income potential.

Where is this duplex located?

The property is located at 7054 HIBISCUS S AVENUE South Pasadena, FL.

What is the asking price?

The asking price for this property is $699,900.

What are key features of this property?

This property features: Two Homes in One: Offers two separate living spaces, each with 3 bedrooms and 2 baths.; Income Potential: Easily divisible into two or three income‑generating properties.; Private Pool and Swim Spa: Enjoy private outdoor recreation and relaxation.