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118 LAKE AVENUE SE

Multi-family For Sale
$399,000

BTC: 4.88222698

ETH: 162.19512195

-$36K (2026/09/25)
168 days
5 bds
1,718 sqft

Overview

Back on the market because financing fell through. Duplex in excellent condition. Tenants in #A have been there for approximately 10 years. Tenant in #B was there for 28 years and has just bought a house. That unit is the 3 bedroom 1 bath and is now vacant. Tenant in #A unit was on a yearly lease which was up in Oct. #A is now on a month to month lease. Terrific tenants who would like to stay. Separate water meters, separate electric meters, separate water heaters, separate HVAC, separate washer & dryer hookups. Huge Lot approximately 70X203. Plenty of parking. Freshly painted one story block building with tile floors. 4 Point inspections were done April 24/2024 and are attached in the MLS. Please keep in mind that these are long term tenants and are on discounted rents The rents could easily be raised by $200/Month per unit to market rates or $400 total, for an additional $4800 per year. Pictures of #B were taken before the tenant moved out.

Location

Florida • LARGO • 33771 • Multi-family • For Sale

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1973
Lot:
0.32 Acres
Heating:
Central / Electric
Price/sqft:
$232
Cooling:
Central Air
HOA:
No Data

Highlights

Annual tax
$5,696
2025
Pets
Allowed
All facts and features

  • Flooring

    • Ceramic Tile

    • Laminate

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    Appliances

    • Range

    • Range Hood

    • Refrigerator

    Other interior features

    • Eating Space In Kitchen

    Bedrooms and bathrooms

    • Bedrooms: 5

  • Property

    • Levels: One

    • Exterior Features: Private Entrance / Private Mailbox

    Lot

    • Lot: 0.32 Acres

    Other Property Information

    • Parcel Number: 362915481680000240

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Utility

    • Electricity Connected

    • Public

    • Sewer Connected

    • Street Lights

    • Water - Multiple Meters

    • Water Connected

  • Other financial information

    • Annual tax amount: $5,696

  • Source details

    • MLS ID: TB8499836

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Laundry Features: Electric Dryer Hookup / Laundry Room / Washer Hookup

    • Patio And Porch Features: Porch

    • Living Area: 1718

    • Water Source: Public

    • Lot Size Dimensions: 70 x 160

    • Subdivision Name: LAKE PALMS SEC 4

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33771
154
median $254K
Active
Same city
LARGO
674
median $364K
Active
Same type
Multi-family
20
median $432K
Active
Similar price
$279K – $518K
193
median $399K
Active

The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: CHARLES RUTENBERG REALTY INC