516 7Th W Ave # 1, Palmetto, FL 34221
$560,000
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Home Description
Rare cash-flowing 4-plex in the heart of Palmetto, fully leased month-to-month with huge value-add upside. Just a few blocks from the water and nestled in a walkable, bikeable pocket of Palmetto near marinas, shops, restaurants, and downtown events, this property is perfectly positioned for long-term growth and steady returns. So what makes this one so special? 1) Four separate 1 bed / 1 bath units, each with a full kitchen, living room, private bathroom, and access to a shared breezy front balcony with ceiling fans. 2) Large parking area and rear yard for added tenant convenience. 3) All tenants are on under-market month-to-month leases, providing flexibility for future adjustments or improvements as needed. 4) Separate electric meters for each unit, with one shared water meter to streamlined billing. 5) Southern-facing windows were replaced ~7 years ago. 6) Lowest price/sq ft for a quadplex in the area. Investor notes: LTR: 4,100/mo current on month-to-month leases. Market comps support 1,300 - 1,400/mo each unit, for a potential gross of 5,200-5,600/mo without major updates. Very little nearby competition for quality 1-bedroom rentals. High demand area with walkability, steady tenant base, and long-term appreciation potential. Whether you’re a local investor looking to boost cash flow or a 1031 buyer seeking a low-hassle asset in a prime Florida location, this one checks all the boxes. Easy to show. No HOA/CDD. Feel free to soft pitch before writing anything up. Ask me anything, big or small. If this is “NOT ON MY MLS,” disclosures and MLS info sheets are available. No assignable contracts accepted.
- MLS #: TB8401410
- Address: 516 7Th W Ave # 1
- Unit Num: 1
- Levels: Two
- City: Palmetto
- Zip: 34221
- County: Manatee
- Interior Features: Other
- Appliances: Electric Water Heater,Refrigerator
- Floor Covering: Tile
- Exterior Features: Balcony,Sidewalk
- Exterior Contruction: Frame
- Foundation: Slab
- Front Exposure: West
- Roof: Shingle
- Building Sqft: 3072
Available now at $560,000
Approximate Room Sizes / Descriptions
| Kitchen | | First | |
| Living Room | | First | |
| Primary Bathroom | | First | |
| Primary Bedroom | | First | |
| Bedroom 2 | | First | |
| Bedroom 3 | | Second | |
| Bedroom 4 | | Second | |
- Garage: False
- Garage Spaces: 0
- Carport: False
- Carport Spaces: 0
- Air Conditioning: Wall/Window Unit(s)
- Heating: Electric
- Utilities: Cable Available,Cable Connected,Electricity Available,Electricity Connected,Public,Sewer Connected,Water Available,Water Connected
- Lot Sqft: 7392.00
- Lot Acres: 0.1700
- Total Acre: 0 to less than 1/4
- Lot Num: 2
- Style: Single Family Residence
Neighborhood
The average asking price of a 4 bedroom Palmetto home in this zip code is
$650,227 (16.1% more than this home).
This home is priced at $182/sqft,
which is 35.1% less than similar homes
in the 34221 zip code.
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Financial
- Approx Payment:$2,724*
- Taxes:$7,285
Area Stats
These statistics are updated daily from the My Florida Regional MLS. For further analysis or
to obtain statistics not shown below please call EasyStreet Realty at
(813) 452-4165 and speak with one of our real estate consultants.
Popular Homes
$3,653,143
$2,900,000
77
0.0%
53.2%
121
$746,894
$598,000
1628
0.7%
60.1%
94
$3,041,655
$2,999,000
29
0.0%
65.5%
152
$1,453,224
$1,524,500
20
0.0%
45.0%
104
$560,644
$515,000
61
1.6%
65.6%
76
$662,148
$468,000
575
1.2%
63.1%
122
$2,801,558
$1,850,000
125
0.0%
56.0%
117
$971,979
$719,000
461
0.0%
61.2%
104
$4,265,957
$2,345,000
121
0.8%
55.4%
146
$1,440,442
$1,037,500
40
0.0%
52.5%
119
$1,075,936
$589,000
407
0.5%
70.3%
124
$390,643
$359,000
1069
1.1%
59.5%
130
$1,585,422
$1,000,000
73
1.4%
52.1%
112
$511,506
$438,990
929
0.8%
61.6%
95
$1,441,524
$750,000
2043
0.4%
58.9%
102
$1,604,350
$1,272,500
14
7.1%
71.4%
110
$569,948
$499,000
1006
0.5%
67.3%
118
Listing Courtesy of RICHARD PETERS REALTY LLC.
For information or to schedule a viewing of this property (MLS# TB8401410), call: 813-452-4165
516 7Th W Ave # 1, Palmetto FL is a single family home of 3072 sqft and
is currently priced at $560,000
.
This single family home has 4 bedrooms.
A comparable home for sale at 5620 Night Owl Ter in Palmetto is listed at $480,000.
In addition to single family homes, EasyStreet also makes it easy to find Homes, Condos, New Homes and Foreclosures
in Palmetto, FL.
Artisan Lakes Esplanade, Fairways At Imperial and Regency Oaks are nearby neighborhoods.
MLS TB8401410 has been posted on this site since 6/27/2025 (today).
2025
6/28/2025.