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3118 PINE TREE AVENUE

Multi-family Recently Sold
$425,000

BTC: 5.30464250

ETH: 174.75328947

Sold on: 2026-01-22
1 days
4 bds
1,575 sqft

Overview

Here is a GREAT Opportunity to own an income producing property!!! Turn-Key Duplex, Immediate Cash Flow, Storm-Safe, City-Approved Short-Term Rentals Allowed. This property has undergone a complete renovation on both sides, Unit A (2018) and Unit B (2017) which includes: New AC's & Ductwork, New Plumbing, New Kitchens w/ Appliances, Bathrooms, Flooring, Electrical Panels…There are too many upgrades to list in this summary, a full improvement list is available upon request. Major capital improvements completed 2023 are: Roof, New Hurricane-rated windows & doors, Driveway and a Water Heater 2024. Each side enjoys its own Large Fenced in backyard, Full Size Washer & Dryer, Separate Electrical Panel & Water Meter which gives each unit the perfect autonomy. Layout and upgrades are identical in each unit. Currently Unit A is leased at $1,700 annual rents and Unit B is ready for a new tenant. This positions you perfectly to occupy 1 side yourself Or rent it out long or short term, the city allows short term rentals (STR’s) perfect for traveling nurses or vacation guests. Pet Friendly area and located minutes from retail, dining, beaches, I-275, St. Pete–Clearwater Airport, and Tampa International Airport. Also located in Flood Zone X and low evacuation Zone D, this Duplex had no storm damage from the recent storms. This is a rare opportunity to acquire stabilized income today, scale income tomorrow, and do so with the comfort that this property is in such Great Condition!!!

Location

Details

Type:
Residential Income
Parking:
Driveway
Year Built:
1973
Lot:
0.19 Acres
Heating:
Central
Price/sqft:
$270
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$387,500
$344K – $440K
Confidence Medium
List vs. estimate
$37K above estimate
List $425,000 · +9.7%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$269
+9.3% vs. city median $246
Based on
10 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$4,368
2024
All facts and features
  • Heating

    • Central

    Cooling

    • Central Air

    Other interior features

    • Ceiling Fan(s)

    • Open Floorplan

    • Primary Bedroom Main Floor

    Bedrooms and bathrooms

    • Bedrooms: 4

  • Parking

    • Driveway

    Property

    • Exterior Features: Fenced / Irrigation System

    Lot

    • Lot: 0.19 Acres

    Other Property Information

    • Parcel Number: 362915481500020090

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Utility

    • Electricity Connected

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $4,369

  • Source details

    • MLS ID: TB8459158

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Laundry Features: Laundry Room

    • Living Area: 1575

    • Water Source: Public

    • Lot Size Dimensions: 60 x 138

    • Subdivision Name: LAKE PALMS SEC 3

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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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: KELLER WILLIAMS ST PETE REALTY