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    Redington Shores Triplex Opportunity
    Updated: Jan 11, 2025
    Redington Shores Triplex Opportunity

    638 180TH E AVENUE, Redington Shores, FL 33708

    $399,000
    1,339 sqft 0.09 AC lot
    Prime location in desirable Redington Shores beach community.
    Potential to build up to 3 units due to grandfather status (subject to verification).
    Short walking distance to Gulf of Mexico beaches.
    Zoned RS10 Medium Low Density.
    Currently configured as a triplex with three 1‑bedroom/1‑bath units.
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    This listing looks promising.

    Here's a quick look at some key insights for

    638 180TH E AVENUE, REDINGTON SHORES, FL 33708

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    • Est. Cap Rate

      3.9%
      NOI ÷ price

    • Est. NOI

      $16K
      Annual

    • Price @ 7% Cap

      $223K
      Suggested

    • Property Type

      Triplex
      Built 1952
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    Turn-Key Hotel-Designated Triplex
    Updated: Mar 14
    Turn-Key Hotel-Designated Triplex

    130 177TH TER W, Redington Shores, FL 33708

    $1,200,000
    2,113 sqft 0.07 AC lot
    3‑unit beach villa triplex with a hotel designation for legal daily rentals
    1089 sq ft 2–3 bedroom upstairs owner’s suite plus two 512 sq ft downstairs 1‑bedroom units
    Downstairs 1‑bedroom units renovated with major bathroom updates and full kitchen overhauls completed January 2026
    Mechanical updates include electrical rewire and new panels, updated plumbing, and 3 new hot water heaters (2025)
    HVAC and building protection: new central AC and mini‑splits (2025), hurricane‑impact windows, and replaced underground drainage
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    Waterfront Redevelopment Lot
    Waterfront Redevelopment Lot

    18207 GULF BOULEVARD, Redington Shores, FL 33708

    $875,000
    2,406 sqft 0.20 AC lot

    Intracoastal waterfront redevelopment site with flood-damaged structures, offering flexibility for single-family, townhomes, or rentals.

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    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 Active listings in Redington Shores, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Beachside Triplex with Three Units
    Beachside Triplex with Three Units

    112 119TH AVENUE, Treasure Island, FL 33706

    $785,000
    1,700 sqft 0.09 AC lot

    Triplex offering three residential units with 1- and 2-bedroom layouts in Treasure Island, Florida.

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    Waterfront Triplex in Madeira Beach
    Waterfront Triplex in Madeira Beach

    14975 1ST St E, Madeira Beach, FL 33708

    $1,390,000
    0.11 AC lot

    Waterfront triplex in desirable Madeira Beach, close to attractions.

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    Waterfront Triplex in Madeira Beach
    Waterfront Triplex in Madeira Beach

    14975 1ST STREET E, Madeira Beach, FL 33708

    $1,390,000
    2,052 sqft 0.11 AC lot

    Waterfront triplex in desirable Madeira Beach, fully rented and updated.

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    Gulf Coast Investment Opportunity
    Gulf Coast Investment Opportunity

    108 125TH AVENUE, Treasure Island, FL 33706

    $549,999

    Prime location near the beach, ideal for luxury development.

    View details

    Redington Shores, FL Triplexes Market Trends and Statistics

    Explore 3 triplexes for sale in Redington Shores, FL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 5,858 square feet of properties for sale, with an estimated market value of $2,474,000.

    Sale prices for three-family homes in Redington Shores, FL start at $399,000, averaging $824,666, and reaching up to $1,200,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Triplexes 3
    Duplexes 2
    Short term rental properties 2
    Apartment buildings 1

    Demographics Overview

    Population 15K
    Population Growth (5Y) -4.9%
    Median Household Income $83,773
    College Educated 61.8%

    High-Yield Neighborhoods for Investment

    Identify Redington Shores submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Saint Petersburg - 33708 $824.7K

    Listings Trend

    New vs delisted commercial listings in Pinellas County

    New Delisted

    Total CRE Inventory on Market (SF)

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