118 LAKE AVENUE SE, Largo, Pinellas, Residential Income

118 LAKE AVENUE SE

MLS# TB8499836103 days on marketUpdated October 20, 2026 6:48 pm

$ 232 / sqft

$ 399,000

Reduced from $ 435,000

UpdatedOctober 20, 2026 6:48 pm

MLS #TB8499836

Bedrooms5

Size1,718 ft²

Year Built1973

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.

3D Walkthrough

Street118 LAKE
CityLargo
SubdivisionLAKE PALMS SEC 4
CountyPinellas
StateFL
Zip33771
MLS #TB8499836

AppliancesRange, Range Hood, Refrigerator
Bathrooms Total Integer2
Bedrooms Total5
CoolingCentral Air
CoolingYes
FlooringCeramic Tile, Laminate
HeatingCentral, Electric
HeatingYes
Interior FeaturesEating Space In Kitchen
Laundry FeaturesElectric Dryer Hookup, Laundry Room, Washer Hookup
LevelsOne
Living Area1,718
Living Area SourcePublic Records
Living Area UnitsSquare Feet

Exterior FeaturesPrivate Entrance, Private Mailbox
Lot Size Acres0
Lot Size Area13,822
Lot Size Dimensions70 x 160
Lot Size Square Feet13,822
Lot Size UnitsSquare Feet
Patio And Porch FeaturesPorch
Road Surface TypePaved
RoofShingle

Building Area Total2,004
Construction MaterialsBlock
Foundation DetailsSlab
Number Of Buildings1
Year Built1973

SewerPublic Sewer
UtilitiesElectricity Connected, Public, Sewer Connected, Street Lights, Water - Multiple Meters, Water Connected
Water SourcePublic

Parcel Number362915481680000240
Pets AllowedCats OK, Dogs OK
Tax Annual Amount5,696
Tax Block000
Tax Book Number31-46
Tax Legal DescriptionLAKE PALMS SEC 4 LOT 24
Tax Lot24
Tax Year2025

CountryUnited States
County Or ParishPinellas
DirectionsBelcher Rd/ West on East Bay Dr/ Left on Fulton/ Right on Lake Ave SE/ House on the right.
Latitude28
Longitude-83
MLS Area Major33771 - Largo
Postal Code33771
Postal Code Plus42686
Street Direction SuffixSE
Street NameLAKE
Street Number118
Street Number Numeric118
Street SuffixAVENUE
Subdivision NameLAKE PALMS SEC 4
Unparsed Address118 LAKE AVENUE SE