- 6 beds
- 3 baths
- 2,132 sqft
- 8,612 sqft lot
- $187 per sqft
- 1925 build
- – on site
IMPROVED PRICE & SUBSTANTIAL IMPROVEMENT (SI) EXEMPT: Historic Structure Designation Avoids 50% Rule Restrictions Power & AC Restored | Prime Tarpon Springs Multi-Unit Income Opportunity This property qualifies as a historic structure under the National Flood Insurance Program (NFIP) and is exempt from Substantial Improvement (SI) requirements (FEMA 50% Rule)—a key advantage for investors planning renovations or repositioning. Letter and links in attachments. Located in the high-demand Fruit Bowl neighborhood of Tarpon Springs, this versatile multi-unit property presents a compelling opportunity with $55,000+ projected annual revenue and $25,000+ in net income, with upside for increased returns through value-add improvements or short-term rental conversion. Property Highlights: • Three income-producing units o 223 Bath St: 2 Beds | 1 Bath | Washer/Dryer hookup potential o 225 Bath St: 3 Beds | 1 Bath | Generous layout o The Hideaway: 1 Bed | 1 Bath | Recently renovated | Private entrance • 2,153 sq. ft. heated | Nearly 3,000 gross sq. ft. • Three covered carports | Each unit with designated parking • Offered AS IS, providing flexibility for contractor updates (water impact from prior storm event) Why Investors Take Notice: • Historic exemption—no FEMA 50% Rule cap • Walkable lifestyle appeal in one of Tarpon Springs’ most charming and established neighborhoods • Strong rental demand and multiple configurations: long-term income or owner-occupant with rental income, • Utilities operational—power and HVAC have been restored This property combines location, cash flow potential, and long-term value, making it an ideal fit for investors seeking both immediate returns and future appreciation in the high-demand Fruit Bowl neighborhood in Tarpon Springs.
Last checked:
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Last updated Jun 16, 2025
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MLS# TB8322463 —
The Building
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Year Built:1925
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New Construction:false
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Construction Materials:Brick
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Levels:Two
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Roof:Metal
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Foundation Details:Other
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# of Buildings:2
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Building Area Total:2953
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Building Area Units:Square Feet
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Building Area Source:Public Records
Interior
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Interior Features:Ninguno
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Furnished:Unfurnished
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Fireplace:false
Room Dimensions
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Living Area:2132
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Living Area Units:Square Feet
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Living Area Source:Public Records
Location
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Directions:From Pinellas Ave. (Alt 19) turn West Boyer St. make right onto Bath St.
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Latitude:28.144357
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Longitude:-82.759473
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Coordinates:-82.759473, 28.144357
The Property
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Parcel Number:122715899820740102
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Property Type:Residential Income
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Property Subtype:Triplex
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Property Condition:Fixer
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Property Attached:true
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Lot Features:Flood Insurance Required
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Lot Size Acres:0.2
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Lot Size Area:8612
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Lot Size SqFt:8612
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Lot Size Dimensions:60 x 143
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Lot Size Units:Square Feet
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Total Acres:0 to less than 1/4
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Zoning:R-60
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View:false
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Exterior Features:Sidewalk
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Water Source:Public
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Road Surface Type:Paved
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Road Frontage Type:Street Paved
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Flood Zone Code:AE
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Additional Parcels:false
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Homestead:false
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Lease Restrictions:true
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (727) 279-5644
- Office phone:
- (727) 781-3700
Taxes
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Tax Year:2023
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Tax Lot:1
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Tax Block:74
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Tax Legal Description:TARPON SPRINGS OFFICIAL MAP BLK 74, N 60 FT OF S 120FT OF W 1/2 OF LOT 1 (MAP N13-27-15)
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Tax Book Number:D-G-800
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Tax Annual Amount:$5,065.53
Beds
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Bedrooms Total:6
Baths
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Total Baths:3
The Listing
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Virtual Tour URL Unbranded:https://www.zillow.com/view-imx/dafd5734-2437-4e51-b626-28a7a5735deb?initialViewType=pano&utm_source=dashboard
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Special Listing Conditions:None
Heating & Cooling
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Heating:Central
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Heating:true
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Cooling:Central Air
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Cooling:true
Utilities
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Utilities:Cable Available
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Sewer:Public Sewer
Appliances
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Laundry Features:None
Schools
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Elementary School:Tarpon Springs Elementary-PN
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Middle Or Junior School:Tarpon Springs Middle-PN
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High School:Tarpon Springs High-PN
The Community
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Subdivision Name:TARPON SPGS OFFICIAL MAP
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Senior Community:false
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Waterview:false
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Water Access:false
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Waterfront:false
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Pool Private:false
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Pets Allowed:Yes
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Association:false
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Ownership:Fee Simple
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Association Approval Required:false
Parking
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Garage:false
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Carport:true
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Carport Spaces:3
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Covered Spaces:3
Extra Units
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# of Units Total:3
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/30/25
May 30, 2025
|
Price Changed | STELLAR_MLS | $399,000 | -6.1% |
4/16/25
Apr 16, 2025
|
Price Changed | STELLAR_MLS | $424,999 | -5.5% |
2/3/25
Feb 3, 2025
|
Price Changed | STELLAR_MLS | $449,900 | -4.1% |