516 12TH STREET W A Palmetto, FL $ 799,000
516 12TH STREET W A
$ 799,000
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516 12TH STREET W A

Palmetto, FL, 34221
$ 799,000
Bedrooms8 Baths4.0 Sq 1,224

Monthly Estimate*

$ 5,045

516 12TH STREET W A, Palmetto, FL 34221 - Image 1
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Multi-Family Home for sale in Palmetto, FL

for $799,000 with 8 bedrooms and 4 full baths. This 1,224 square foot home was built in 1981 on a lot size of 0.11.

Welcome to this beautifully renovated income-producing property in the heart of Palmetto, offering an outstanding opportunity for both investors and owner-occupants. This unique property consists of two duplexes, including 518 12th St W (included in the sale), each featuring two 2-bedroom, 1-bathroom units, providing a total of four well-designed rental units. Each unit has been thoughtfully updated with modern finishes, including fully updated kitchens, bathrooms, and flooring completed just one year ago, creating a clean, stylish, and low-maintenance living environment that appeals to today’s tenants. Major capital improvements have already been completed, including new roofs, new central A/C systems, and all new hurricane-impact windows and doors, offering peace of mind, improved energy efficiency, and reduced future maintenance costs. Whether you're looking to expand your real estate holdings or secure a fully renovated, turnkey multifamily asset, this property delivers exceptional value and long-term income potential. Don’t miss this rare opportunity in Palmetto!

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Multi-Family Active

Price

$ 799,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 3,319

Style

Quadruplex

Lot Size

0.11

Year Built

1981

Town/City

Palmetto

County/Region

Manatee

MLS | Web ID

TB8534428

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Electricity Connected
Roof Shingle
Zoning RM6
Construction Materials Block
Year Built 1981
Tenant Pays Electricity Sewer Water
Unit Number A
Property Subtype Quadruplex
Tax Year 2025
Ownership Fee Simple
Gross Income 68400
Additional Parcels Description 2647400059
County Manatee
New Construction false
Property Type Residential Income
Subdivision Name SHARP & TURNERS ADD TO PALMETTO
Garage Y/N false
Status Active
Directions From US-41 (8th Ave W) head west on 12th St W. Property is located on the left at 516 12th St W Palmetto FL 34221
City PALMETTO
Senior Community Y/N false
MLS Area 34221 - Palmetto/Rubonia
Lot Size Units Square Feet
Lot Size Square Feet 4748
Carport Y/N false
Listing Terms Cash Conventional
Land Lease Y/N false
Tax Annual Amount 3319.6
Ok to Lease 12 Months
Additional Parcels Y/N true
Lease Considered Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8534428
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 18
Total Actual Rent 5700
Legal Description LOT 18 BLK D SHARP & TURNERS ADD PI#26474.0010/9
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
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Interior
Interior Amenities Ninguno
Air Conditioning Y/N true
Heating Y/N true
Window Features Storm Window(s)
Fireplace Y/N false
Laundry Features None
Total Bedrooms 8
Total Baths 4
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Exterior
Exterior Amenities Other
Water Source Public
Lot Size Area 4748
Foundation Details Slab
Number of Buildings 2
Lot Dimensions 50 x 95
Lot Size Acres 0.11
Road Surface Type Paved
Private Pool false
Waterfront Y/N false
Number of Separate Water Meters 4
Number of Separate Electric Meters 4
Number of Lots 2
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* Excluded Features
List By
randykm13@gmail.com

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Affordability Calculator

$5,322
Per Month
95%
5%
0%
Monthly Principal & Interest
$5,045
Monthly Property Taxes
$277
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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/30/2026$799,000 Listed Price

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516 12TH STREET W A, Palmetto, FL, 34221 is a Multi-Family Home for sale at $799,000 with 1,224 sqft and a lot size of 0.11. 516 12TH STREET W A has 8 bedrooms, 4.0 baths, and was built in 1981. The property's zip code is 34221 which is in Palmetto, FL