Incredible value-add triplex opportunity! This fully renovated duplex comes with approved city permits and building plans to construct a 2 bed / 1 bath unit over the existing detached 2-car garage, creating a high-performing triplex. Located in a prime area near restaurants, grocery stores, and shopping centers, each 1 bed / 1 bath unit has updated flooring, cabinets, quartz countertops, appliances, and a full electrical rewire completed in 2024. Washer/dryer hookups and appliances were also added for each unit in 2024. Both units are leased, providing immediate income, and the detached garage is separately rented as storage for additional monthly revenue. Building plans and permit transfer with the sale, allowing the new owner to start construction right away or use their own contractor. Buyer to verify all development details with the city.
For sale
Price cut: $25K (8/28)
$450,000
512 88th Ave N, Saint Petersburg, FL 33702
2beds
2baths
816sqft
Est.:
Triplex, Multi Family
Built in 1958
-- sqft lot
$429,300 Zestimate®
$551/sqft
$-- HOA
What's special
Quartz countertopsUpdated flooring
- 29 days
- on Zillow |
- 364 |
- 25 |
Zillow last checked: 7 hours ago
Listing updated: August 28, 2025 at 04:06pm
Listing Provided by:
Matthew Brye 813-299-3496,
PEOPLE'S CHOICE REALTY SVC LLC 813-933-0677
Source: Stellar MLS,MLS#: TB8415065
Originating MLS: Suncoast Tampa

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Heating
- Wall Units / Window Unit
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: None
Features
- Open Floorplan
- Has fireplace: No
Interior area
- Total interior livable area: 816 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Fencing: Fenced
Lot
- Size: 6,421 Square Feet
- Dimensions: 50 x 127
Details
- Parcel number: 193017456840000860
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Materials
- Asbestos
- Foundation: Crawlspace
- Roof: Shingle
Condition
- New construction: No
- Year built: 1958
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: KELLY JOHN ALEX-BRUCE SUB
HOA
- Has HOA: No
- Pet fee: $0 monthly
Location
- Region: Saint Petersburg
Financial & listing details
- Price per square foot: $551/sqft
- Tax assessed value: $190,000
- Annual tax amount: $2,411
- Date on market: 8/7/2025
- Cumulative days on market: 29 days
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Paved
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