This fully leased, two-story, five-unit multifamily property is a rare investment opportunity located just one block from Safe Harbor Marina and within 1 mile distance to Palmetto’s charming historic district. Surrounded by waterfront parks, local shops, and popular restaurants, the property is ideally situated to attract long-term tenants and capitalize on the area's continued growth. Each of the five residential units is currently occupied, with all tenants on month-to-month leases, providing consistent income with the flexibility for future rent adjustments or repositioning. The building includes shared laundry facilities for tenant convenience, as well as open parking and a welcoming front porch that enhances the property's curb appeal and communal atmosphere. With a strong rental history and a location that blends coastal living with everyday convenience, this property is perfect for investors seeking steady cash flow and long-term upside. Whether you're expanding your portfolio or entering the multifamily market, this is a turnkey asset in one of Palmetto’s most desirable and walkable neighborhoods. Financials are available upon request. This is a prime opportunity to own income-generating real estate just steps from the waterfront.
Pending
$439,000
1117 4th St W, Palmetto, FL 34221
4beds
5baths
1,952sqft
Est.:
Multi Family
Built in 1910
-- sqft lot
$434,900 Zestimate®
$225/sqft
$-- HOA
What's special
Open parkingSurrounded by waterfront parksWelcoming front porchShared laundry facilitiesSteps from the waterfront
- 16 days
- on Zillow |
- 465 |
- 40 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: August 02, 2025 at 08:52am
Listing Provided by:
Tina Timmons 941-350-5030,
ROSEBAY INTERNATIONAL REALTY, INC 941-366-7673
Source: Stellar MLS,MLS#: A4658934
Originating MLS: Sarasota - Manatee

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
Heating
- Electric
Cooling
- Central Air, Ductless
Appliances
- Laundry: Common Area
Features
- Ceiling Fan(s)
- Windows: Hurricane Shutters
- Has fireplace: Yes
- Fireplace features: Wood Burning
Interior area
- Total interior livable area: 1,952 sqft
Video & virtual tour
Property
Features
- Exterior features: Balcony, Private Mailbox
Lot
- Size: 10,237 Square Feet
- Dimensions: 89 x 115
Details
- Parcel number: 3126100001
- Zoning: RS3
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding, Wood Frame
- Foundation: Crawlspace
- Roof: Shingle
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: BB/HS Internet Available, Cable Available, Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: MANATEE COUNTY
HOA
- Has HOA: No
- Pet fee: $0 monthly
Location
- Region: Palmetto
Financial & listing details
- Price per square foot: $225/sqft
- Annual tax amount: $6,416
- Date on market: 7/18/2025
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Asphalt
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