134 86TH TERRACE Treasure Island, FL $ 1,450,000
134 86TH TERRACE
$ 1,450,000
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134 86TH TERRACE

Treasure Island, FL, 33706
$ 1,450,000
Bedrooms4 Baths4.0 Sq 3,116

Monthly Estimate*

$ 9,155

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Multi-Family Home for sale in Treasure Island, FL

for $1,450,000 with 4 bedrooms and 4 full baths. This 3,116 square foot home was built in 1941 on a lot size of 0.09.

Turnkey Beachside Quadplex | Sunset Beach, Treasure Island | Fully Leased Investment Opportunity Welcome to 135 86th Terrace, Treasure Island, an exceptional four-unit income-producing property located just steps from the sugar-white sands of Sunset Beach. Rarely does an investment opportunity combine a premier beach location, extensive renovations, professional management, and immediate cash flow into one turnkey package. This fully leased quadplex features four spacious 1-bedroom, 1-bathroom units, each approximately 750 square feet, thoughtfully renovated with modern flooring, fresh interior paint, updated kitchens, appliances, central HVAC, and attractive finishes designed to maximize tenant appeal. Every unit is occupied with annual leases in place, creating reliable, immediate rental income from day one. Recent capital improvements provide peace of mind for years to come, including new HVAC systems installed in 2025 with elevated condensers, new exterior decks, updated electrical panels, and convenient on-site indoor laundry facilities. Each unit also includes its own assigned outdoor storage area, providing tenants with dedicated space for beach chairs, bicycles, paddleboards, fishing gear, and other beach essentials. The low-maintenance design and recent upgrades make this a true plug-and-play investment. Beach access is directly across the street, allowing tenants to enjoy one of Florida's most desirable coastal lifestyles. Residents are within walking distance of local favorites including Caddy's Treasure Island and Ka'Tiki, while also enjoying convenient access to St. Pete Beach, Downtown St. Petersburg, Clearwater Beach, shopping, dining, entertainment, and Tampa International Airport. Current annual leases generate monthly rents of $1,975 (Unit 1), $1,975 (Unit 2), $1,800 (Unit 3), and $2,250 (Unit 4), providing immediate, stable cash flow in one of Tampa Bay's most desirable beach communities. Whether you're expanding your rental portfolio, completing a 1031 Exchange, or utilizing a DSCR loan to acquire a cash-flowing asset, this property checks every box for today's investor. Opportunities like this are increasingly difficult to find—a professionally managed, fully occupied, recently renovated beachside quadplex in a prime location with immediate income and long-term appreciation potential. PLEASE DO NOT DISTURB TENANTS OR WALK THE PROPERTY WITHOUT A CONFIRMED APPOINTMENT. Private showings are available by appointment only.

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Multi-Family Active

Price

$ 1,450,000

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 15,738

Style

Quadruplex

Lot Size

0.09

Year Built

1941

Town/City

Treasure Island

County/Region

Pinellas

MLS | Web ID

TB8524476

Features
General
Sewer Public Sewer
Heating Electric
Cooling Central Air
Utilities Electricity Connected Public Sewer Connected Water Connected
Possession Close Of Escrow
Roof Shingle
Appliances Convection Oven Dryer Electric Water Heater Ice Maker Microwave Refrigerator Washer
Construction Materials Other
Year Built 1941
Property Subtype Quadruplex
Tax Year 2024
Ownership Fee Simple
County Pinellas
New Construction false
Property Type Residential Income
Subdivision Name HERRONS SUB 6
Garage Y/N false
Status Active
Directions Gulf Blvd to Left on 86th Terrace to adress
High School Boca Ciega High-PN
City TREASURE ISLAND
Senior Community Y/N false
Number Of Units Total 4
MLS Area 33706 - Pass a Grille Bch/St Pete Bch/Treasure Isl
Lot Size Units Square Feet
Lot Size Square Feet 4064
Carport Y/N false
Listing Terms Cash Conventional
Elementary School Azalea Elementary-PN
Property Attached Y/N false
Land Lease Y/N false
Tax Annual Amount 15738
Middle/Junior High School Azalea Middle-PN
Additional Parcels Y/N false
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 27
Legal Description HERRON'S SUB NO. 6 LOT 27 & THAT PART OF LOT 26 DESC BEG SE COR OF LOT 27 TH N00D02'E 50FT TH S89D58'E 11.70FT TH S00D02'W 20.50FT TH S89D58'E 16.30FT TH S00D02'W 29.50FT TH N89D58'W 28FT TO POB
Water Access Y/N false
Additional Rooms Inside Utility
Water View Y/N false
Flood Zone Code AE
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Interior
Interior Amenities Ceiling Fan(s) Kitchen/Family Room Combo Living Room/Dining Room Combo Open Floorplan Primary Bedroom Main Floor Stone Counters Walk-In Closet(s)
Basement Crawl Space
Flooring Laminate Luxury Vinyl Hardwood
Furnished Y/N Unfurnished
Air Conditioning Y/N true
Heating Y/N true
Window Features Aluminum Frames
Fireplace Y/N false
Laundry Features Common Area Electric Dryer Hookup Inside Outside Same Floor As Condo Unit Washer Hookup
Total Bedrooms 4
Total Baths 4
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Exterior
Exterior Amenities Other
Water Source Public
Lot Size Area 4064
Foundation Details Pillar/Post/Pier
Number of Buildings 1
Building Area Total 3660
Lot Dimensions 80 x 50
Lot Size Acres 0.09
Road Surface Type Paved
Private Pool false
Waterfront Y/N false
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* Excluded Features
List By
esteliammesimer@gmail.com

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Affordability Calculator

$10,467
Per Month
87%
13%
0%
Monthly Principal & Interest
$9,155
Monthly Property Taxes
$1,312
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Boca Ciega High-PN High School High School
Pricing History
DatePricePrice ChangeDescription
7/1/2026$1,450,000 Listed Price

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134 86TH TERRACE, Treasure Island, FL, 33706 is a Multi-Family Home for sale at $1,450,000 with 3,116 sqft and a lot size of 0.09. 134 86TH TERRACE has 4 bedrooms, 4.0 baths, and was built in 1941. The property's zip code is 33706 which is in Treasure Island, FL