Log In/Sign Up
Your email has been sent.
1231 Illinois Ave 2 Unit Apartment Building For Sale Palm Harbor, FL 34683
Investment Highlights
- Downtown Palm Harbor location within walking distance to retail, dining, and waterfront parks.
- Two 3BR/2BA units with separate garages, providing strong tenant appeal.
- Near Pinellas Trail, marinas, and major road access for regional connectivity.
- Recent roof replacement in 2025 supports low ongoing maintenance costs.
- One fully renovated unit is ready for immediate lease-up at market rates.
- Situated in a sought-after area with steady rental demand and stable tenant base.
Executive Summary
This Downtown Palm Harbor duplex offers a rare opportunity to acquire a low-maintenance income asset in a highly desirable Gulf Coast community. The property consists of two spacious 3-bedroom, 2-bathroom units, each with an attached garage and private entrance. Recent capital improvements include a new roof in 2025, minimizing future maintenance expenses. One unit has been fully renovated and is vacant, providing immediate occupancy or substantial rent growth potential. Current income includes one unit on a month-to-month tenancy at $1,800 and projected market rent of $2,400+ for the renovated unit.
The location combines small-town coastal living with strong connectivity. Just steps from Palm Harbor’s boutique shops, cafés, and waterfront parks, tenants enjoy walkable amenities in the historic district. Recreational attractions like the Pinellas Trail and nearby marinas add lifestyle appeal, while quick access to US-19 and major thoroughfares ensures convenient commutes to Tampa and St. Petersburg. High rental demand in this district supports consistent occupancy and income stability for investors.
The location combines small-town coastal living with strong connectivity. Just steps from Palm Harbor’s boutique shops, cafés, and waterfront parks, tenants enjoy walkable amenities in the historic district. Recreational attractions like the Pinellas Trail and nearby marinas add lifestyle appeal, while quick access to US-19 and major thoroughfares ensures convenient commutes to Tampa and St. Petersburg. High rental demand in this district supports consistent occupancy and income stability for investors.
Property Facts
| Sale Type | Investment | Lot Size | 0.26 AC |
| No. Units | 2 | Building Size | 2,500 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1985/2026 |
| Apartment Style | Low-Rise | Parking Ratio | 1.6/1,000 SF |
| Building Class | C | ||
| Zoning | C-3, County - Commercial | ||
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 2,500 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1985/2026 |
| Parking Ratio | 1.6/1,000 SF |
| Zoning | C-3, County - Commercial |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 01-28-15-88560-127-1100 | Improvements Assessment | $558,645 CAD |
| Land Assessment | $258,651 CAD | Total Assessment | $817,296 CAD |
Property Taxes
Parcel Number
01-28-15-88560-127-1100
Land Assessment
$258,651 CAD
Improvements Assessment
$558,645 CAD
Total Assessment
$817,296 CAD
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1231 Illinois Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.