$585,000
232 Cypress Street
Tarpon Springs, FL 34689
Listing updated: May 1, 2026 at 6:08 PM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Price Drop! INCOME-PRODUCING DUPLEX IN DOWNTOWN TARPON SPRINGS! This charming two-story multi-family home on a corner lot offers two spacious 3-bedroom units in the heart of downtown Tarpon Springs, close to the world-famous Sponge Docks, local theater, boutique shopping, and the Pinellas Trail. Approximately $60K in renovations completed in 2023. Roof replaced July 2020. UNIT 1 (GROUND FLOOR): 3 bedrooms, 2 full bathrooms including an en-suite primary bedroom. Features Gree mini-split system with dedicated head units in each bedroom (installed 2023), plus a Daikin head unit in the main living area. Kitchen includes stone countertops and wood cabinetry. Updated with Frigidaire stainless steel appliances (refrigerator, range, microwave, dishwasher – 2023). Tiled showers. New blinds and washer/dryer. Wood flooring with tile in kitchen and bathrooms. Private deck (approx. 150 sqft) and covered front porch (approx. 180 sqft). UNIT 2 (UPPER FLOOR): 3 bedrooms, 1.5 bathrooms with separate entrance and Venetian plaster entryway. Includes Mitsubishi mini-split systems. Kitchen features stone countertops and wood cabinetry. Tiled showers. Spacious layout with natural light. Wood flooring with tile in kitchen and bathrooms. Private front porch (approx. 28 sqft). MAJOR IMPROVEMENTS: Foundation reinforced (March 2023) with Smart Jack support system and supplemental beam, with transferable warranty. Both units professionally painted. Updated appliances, blinds, and washer/dryer in Unit 1. Landscaping includes pavers, decorative rock, palm trees, and sprinkler system. 9-camera security system with CAT6 wiring. FLEXIBLE LIVING OPTIONS: Property is currently configured as a duplex with separate entrances and living spaces. Suitable for a variety of living arrangements. Separate electric meters each unit; single water meter. AREA ACTIVITY: Tarpon Springs continues to see reinvestment and development activity. Proposed and ongoing projects in the area include boutique hospitality and residential development. Buyer to verify all information. LOCATION HIGHLIGHTS: Approximately 1 block from the Pinellas Trail. Close to Safford Fitness Park (pickleball courts), Live Oak Recreation Complex (splash park, playground, kayak launch, and dog park), the Sponge Docks, Anclote River, Craig Park, and downtown shops and restaurants. PROPERTY FEATURES: Vinyl siding. Flood zone designation shown as Zone X; buyer to verify. Corner lot with on-site parking for approximately 6 vehicles. Storage shed (approx. 120 sqft). INCOME HISTORY: Most recent rental income was $4,095/month ($49,140 annually) based on prior lease rates. Property currently vacant. All financial information is based on seller-provided historical data and is for informational purposes only. Buyer to independently verify all income, expenses, and property details.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history27 days on market
- Status: ActiveApr 4, 2026
- Listed$595,000Apr 4, 2026
- Price reduced$585,000
Virtual Tour
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Active
- Days on market
- 27
- Subdivision
- Websters Sub Mrs C D
- County
- Pinellas
- Year built
- 1909
- Living area
- 2,217 sq ft
- Price/sq ft
- $264
- Building area
- 2,423 sq ft (Public Records)
- Lot size
- 5,340 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- X (12103C0019H)
- Annual taxes
- $7,441 (2025)
- Parcel #
- 12-27-15-95508-000-0011
- MLS #
- L4960836
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Interior Details
- Bedrooms
- 6
- Full bathrooms
- 3
- Half bathrooms
- 1
- Flooring
- Luxury Vinyl
- Appliances
- Dryer, Range, Refrigerator, Washer
- Interior features
- Window Treatments
- Laundry
- Inside
- Stories / Levels
- Two
- Direction faces
- North
Heating & Cooling
- Heating
- Other
- Cooling
- Mini-Split Unit(s)
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Min lease term
- No Minimum
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
- Additional lease restrictions
- Buyer responsible for verifying all lease restrictions, approval requirements, and regulations with local governing authorities.
- Approval process
- Buyer responsible for verifying all lease restrictions, approval requirements, and regulations with local governing authorities.
Exterior & Construction
- Exterior features
- Sidewalk, Storage
- Construction materials
- Vinyl Siding
- Roof
- Shingle
- Foundation
- Pillar/Post/Pier
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Electricity Connected, Water Connected
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Bedroom 2 | First | |
| Bedroom 2 | First | |
| Primary Bedroom | First | |
| Bathroom 2 | First | |
| Primary Bedroom | Second | |
| Bedroom 2 | Second | |
| Bedroom 3 | Second | |
| Bathroom 1 | Second | |
| Bathroom 2 | Second | |
| Living Room | First | |
| Living Room | Second | |
| Kitchen | First | |
| Kitchen | Second |
Listing Details
- Listing date
- 2026-04-04
- On market date
- 2026-04-04
- Original list price
- $595,000
- Occupant type
- Vacant
- MLS area
- 34689 - Tarpon Springs
- Listing AOR
- Lakeland
- Status changed
- 2026-04-04
- Tax legal description
- WEBSTER'S SUB, MRS. C.D. N 71.25FT OF LOT 1 & E 26 FT OF N 71.25FT OT LOT 2
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From US-19, take Tarpon Ave west ? turn right on N Ring Ave ? turn left on Cypress St ? property is on the corner.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of May 1, 2026 at 6:08 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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