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.
Property Details
Price:
$399,000
MLS #:
TB8499836
Status:
Active
Beds:
5
Baths:
2
Type:
Multi Family
Subtype:
Duplex
Subdivision:
LAKE PALMS SEC 4
Neighborhood:
33771largo
Listed Date:
Apr 22, 2026
Finished Sq Ft:
1,718
Total Sq Ft:
2,004
Lot Size:
13,822 sqft / 0.32 acres (approx)
Year Built:
1973
See this Listing
Schools
Interior
Appliances
Range, Range Hood, Refrigerator
Cooling
Central Air
Flooring
Ceramic Tile, Laminate
Heating
Central, Electric
Interior Features
Eating Space In Kitchen
Laundry Features
Electric Dryer Hookup, Laundry Room, Washer Hookup
Levels
One
Exterior
Construction Materials
Block
Exterior Features
Private Entrance, Private Mailbox
Patio And Porch Features
Porch
Roof
Shingle
Financial
Tax Year
2025
Taxes
$5,696
Map
Community
- Address118 LAKE AVENUE SE LARGO FL
- SubdivisionLAKE PALMS SEC 4
- CityLARGO
- CountyPinellas
- Zip Code33771
Subdivisions in LARGO
Market Summary
Current real estate data for Multi Family in LARGO as of Oct 19, 2026
30
Multi Family Listed
169
Avg DOM
697
Avg $ / SqFt
$611,455
Avg List Price
Property Summary
- Located in the LAKE PALMS SEC 4 subdivision, 118 LAKE AVENUE SE LARGO FL is a Multi Family for sale in LARGO, FL, 33771. It is listed for $399,000 To schedule a showing of MLS#tb8499836 at 118 LAKE AVENUE SE in LARGO, FL, contact your InvestPro Properties, Inc. agent at 561-203-7022.
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Courtesy of CHARLES RUTENBERG REALTY INC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Orlando/Tampa – FL. Detailed information about real estate listings held by brokerage firms other than InvestPro Properties, Inc. include the name of the listing broker. Neither the listing company nor InvestPro Properties, Inc. shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Orlando/Tampa – FL. All rights reserved. 118 LAKE AVENUE SE
LARGO, FL