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223 Bath Street

Tarpon Springs, FL 34689

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.

Listing courtesy of STELLAR_MLS / COLDWELL BANKER REALTY

Last checked: Checking… • Last updated Jun 16, 2025 •

MLS# TB8322463 —

The Building

Year Built:

1925
New Construction:

false
Construction Materials:

Brick
Levels:

Two
Roof:

Metal
Foundation Details:

Other
# of Buildings:

2
Building Area Total:

2953
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Interior Features:

Ninguno
Furnished:

Unfurnished
Fireplace:

false

Room Dimensions

Living Area:

2132
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

From Pinellas Ave. (Alt 19) turn West Boyer St. make right onto Bath St.
Latitude:

28.144357
Longitude:

-82.759473
Coordinates:

-82.759473, 28.144357

The Property

Parcel Number:

122715899820740102
Property Type:

Residential Income
Property Subtype:

Triplex
Property Condition:

Fixer
Property Attached:

true
Lot Features:

Flood Insurance Required
Lot Size Acres:

0.2
Lot Size Area:

8612
Lot Size SqFt:

8612
Lot Size Dimensions:

60 x 143
Lot Size Units:

Square Feet
Total Acres:

0 to less than 1/4
Zoning:

R-60
View:

false
Exterior Features:

Sidewalk
Water Source:

Public
Road Surface Type:

Paved
Road Frontage Type:

Street Paved
Flood Zone Code:

AE
Additional Parcels:

false
Homestead:

false
Lease Restrictions:

true
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Lot:

1
Tax Block:

74
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)
Tax Book Number:

D-G-800
Tax Annual Amount:

$5,065.53

Beds

Bedrooms Total:

6

Baths

Total Baths:

3

The Listing

Virtual Tour URL Unbranded:

https://www.zillow.com/view-imx/dafd5734-2437-4e51-b626-28a7a5735deb?initialViewType=pano&utm_source=dashboard
Special Listing Conditions:

None

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Cable Available
Sewer:

Public Sewer

Appliances

Laundry Features:

None

Schools

Elementary School:

Tarpon Springs Elementary-PN
Middle Or Junior School:

Tarpon Springs Middle-PN
High School:

Tarpon Springs High-PN

The Community

Subdivision Name:

TARPON SPGS OFFICIAL MAP
Senior Community:

false
Waterview:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Pets Allowed:

Yes
Association:

false
Ownership:

Fee Simple
Association Approval Required:

false

Parking

Garage:

false
Carport:

true
Carport Spaces:

3
Covered Spaces:

3

Extra Units

# of Units Total:

3

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

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%

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This multifamily located in Tarpon Springs, FL 34689 is currently for sale for $399,000. 223 Bath Street is a 2,132 square foot multifamily with 6 beds and 3 baths that has been on Estately for 215 days.

Listing Courtesy of: STELLAR_MLS and COLDWELL BANKER REALTY.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.