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For sale
    • Price cut: $20K (9/25)
    $399,000

    118 LAKE AVENUE SE, LARGO, FL 33771

    5beds
    2baths
    1,718sqft
    : 
    $2,972/mo
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    Duplex, Multi Family
    Built in 1973
    -- sqft lot
    $394,100 Zestimate®
    $232/sqft
    $-- HOA

    What's special

    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 is on a yearly lease which is up in Oct with an early termination clause that requires 30 days written notice and a $300 relocation payment, plus additional details. 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.
    164 days
    256
    24

    Zillow last checked:

    Listing updated:

    Listed by:

    Renny Bryden 727-492-9502,

    CHARLES RUTENBERG REALTY INC 727-538-9200

    Source: Stellar MLS,MLS#: TB8499836MLS LogoOriginating MLS: Suncoast Tampa

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 2
      Rooms
      • Room types: Utility Room
      Heating
      • Central, Electric
      Cooling
      • Central Air
      Appliances
      • Included: Range, Range Hood, Refrigerator
      • Laundry: Electric Dryer Hookup, Laundry Room, Washer Hookup
      Features
      • Eating Space In Kitchen
      • Flooring: Ceramic Tile, Laminate
      • Has fireplace: No
      Interior area
      • Total structure area: 2,004
      • Total interior livable area: 1,718 sqft
      Video & virtual tour

      Property

      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Porch
      • Exterior features: Private Entrance, Private Mailbox
      Lot
      • Size: 0.32 Acres
      • Dimensions: 70 x 160
      Details
      • Parcel number: 362915481680000240
      • Special conditions: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Duplex, Multi Family
      Materials
      • Block
      • Foundation: Slab
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1973

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Public, Sewer Connected, Street Lights, Water - Multiple Meters, Water Connected

      Community & HOA

      Community
      • Pet fee: $0 monthly
      • Subdivision: LAKE PALMS SEC 4
      HOA
      • Has HOA: No
      Location
      • Region: Largo

      Financial & listing details

      • Price per square foot: $232/sqft
      • Tax assessed value: $300,000
      • Annual tax amount: $5,696
      • Date on market: 4/22/2026
      • Cumulative days on market: 87 days
      • Listing terms: Cash,Conventional,FHA,VA Loan
      • Ownership: Fee Simple
      • Total actual rent: 0
      • Tenant pays: Electricity, Sewer, Trash Collection, Water
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        $394,100

        $374,000 - $414,000

        $1,785/mo

        Price history

        DateEventPrice
        9/25/2026Price change$399,000-4.8%$232/sqft
        Source: Stellar MLS #TB8499836 Report a problem
        8/11/2026Listed for sale$419,000$244/sqft
        Source: Stellar MLS #TB8499836 Report a problem
        7/11/2026Contingent$419,000$244/sqft
        Source: Stellar MLS #TB8499836 Report a problem
        6/3/2026Price change$419,000-3.7%$244/sqft
        Source: Stellar MLS #TB8499836 Report a problem
        4/22/2026Listed for sale$435,000+457.7%$253/sqft
        Source: Stellar MLS #TB8499836 Report a problem
        5/1/1996Sold$78,000$45/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,696 +47.5%$300,000 +78.4%
        2024$3,863 +11.4%$168,137 +10%
        2023$3,467 +9.8%$152,852 +10%
        2022$3,157 +8.9%$138,956 +10%
        2021$2,899 +13.6%$126,324 +10%
        2020$2,552 +7.7%$114,840 +11.1%
        2019$2,370 $103,320 -23.1%
        2018$2,370 +6.9%$134,418 +15.6%
        2017$2,217 +16.7%$116,319 +1%
        2016$1,900 +13.6%$115,157 +25.8%
        2015$1,672 +20%$91,534 +35.5%
        2014$1,393 +10.8%$67,562 +15.8%
        2013$1,257 -14.3%$58,321 -15.2%
        2012$1,466 $68,759 +0.1%
        2011-- $68,691 -19.4%
        2010-- $85,213 -22%
        2009-- $109,258 -19.9%
        2008$2,657 $136,400 -6.6%
        2007-- $146,100 +16.4%
        2005-- $125,500 +16.3%
        2004$2,370 +20.2%$107,900 +15.4%
        2003$1,971 +7.8%$93,500 +6.1%
        2002$1,829 $88,100 +1.1%
        2001$1,829 +33%$87,100 +32.4%
        2000$1,375 $65,800
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Lake Palms

        Getting around

        61 / 100
        Somewhat Walkable
        34 / 100
        Some Transit
        51 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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