Fully Renovated Triplex with Enclosed
For Sale
$789,000
127 17TH Avenue S, St Petersburg, FL 33701
MULTI_FAMILY - ST PETERSBURG, FL
Property Size2,276 SF
Lot Size0.16 Acres
Price / SF$346.66
Days on Market145
Property Features for 127 17TH Avenue S
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 2, Bedroom 1
Parking features
Driveway
Window features
Double Pane Windows, Insulated Windows
Patio and Porch features
Patio
Interior features
Ceiling Fans(s), High Ceilings, Open Floorplan, Split Bedroom, Stone Counters
Exterior features
Outbuildings, Fence, Storage
Fencing
Fenced
Fireplace
1
Appliances
Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Tankless Water Heater, Washer
Subdivision
BAYBORO
Elementary school
Campbell Park Elementary-PN
Middle school
John Hopkins Middle-PN
High school
Gibbs High-PN
Directions
From 4th St S and 18th Ave S, go east on 18th. Turn left (north) on 1st and left (west) on 17th. Triplex is on the right.
Standard status
Active
APN
30-31-17-03294-028-0120
Size
2,276 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BAYBORO BLK 28, LOT 12
Tax Annual Amount
12896
Legal Description
BAYBORO BLK 28, LOT 12
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
4
Flooring type
Vinyl
Building materials
Frame
Roof type
Built-Up, Shingle
Additional Structures
Outbuilding, Storage
Listing Agency:
CHARLES RUTENBERG REALTY INC
(727) 538-9200
Listed By:
Curtis Rudolph · License #3275230
(813) 240-6054
Added: Mar 13
Changed: Aug 2
Last Checked: Aug 4 at 7:06AM
MLS# TB8482976
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully renovated triplex offers three separate rental units in a flexible layout. The first floor features an updated 3BR/2BA main residence with a bonus office and an enclosed, air-conditioned front porch. The upstairs level includes two fully updated 1BR/1BA apartments, each with a private balcony and its own living and bedroom space.
Set on a 0.16-acre lot with a total size of 2,276 SF, the property includes street and alley entrance parking that can accommodate 4 vehicles. A detached garage (measuring 23' x 22') is accessed via an alley entrance and presents the possibility of generating additional income by dividing it into two rentable spaces. Residents also benefit from a private back patio and an easy-access laundry area.
Recent improvements include new impact windows and doors in 2023, a roof installed in 2015, luxury vinyl flooring throughout, updated kitchens and baths, and new tankless water heaters. The home has central air, electric heating, ceiling fans, fenced perimeter, and both public water and public sewer. The fireplace is present, and the property is not located in a flood zone. Tenant occupied, with showings described as challenging.
Set on a 0.16-acre lot with a total size of 2,276 SF, the property includes street and alley entrance parking that can accommodate 4 vehicles. A detached garage (measuring 23' x 22') is accessed via an alley entrance and presents the possibility of generating additional income by dividing it into two rentable spaces. Residents also benefit from a private back patio and an easy-access laundry area.
Recent improvements include new impact windows and doors in 2023, a roof installed in 2015, luxury vinyl flooring throughout, updated kitchens and baths, and new tankless water heaters. The home has central air, electric heating, ceiling fans, fenced perimeter, and both public water and public sewer. The fireplace is present, and the property is not located in a flood zone. Tenant occupied, with showings described as challenging.
Key Highlights
- Three units: one updated 3BR/2BA main residence plus two upstairs 1BR/1BA apartments
- Enclosed, air‑conditioned front porch and private back patio with easy‑access laundry area
- Detached garage is 23' x 22' with alley entrance and possibility to create two rentable spaces
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.7k | $17.88 |
| − Vacancy | −$2.7k | −$1.21 |
| EGI | $38.0k | $16.67 |
| − OpEx | −$11.4k | −$5.00 |
| NOI | $26.6k | $11.67 |
2,276 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$379.5K
$332.1K – $442.8K
NOI $26,566 @ 7.0% cap · market cap 3.37%
Second Best
Apartment 5plus
$299.0K
$261.7K – $348.9K
NOI $20,933 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$592.0K
$518.0K – $690.7K
NOI $41,440 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
867
Businesses Nearby
Explore this area
Business Placement
Demographics for 33701, FL
19,137
Population
13,434
Households
1.4
Avg Household Size
48
Median Age
55%
College-Educated
96%
High-School Grad
2.7 sq mi
ZIP Area
7,088
Density / Sq Mi
$69,098
Median Household Income
$48,072
Median Earnings
$1,531
Median Rent
$590,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - A fully renovated triplex with a first-floor main home and two upstairs 1BR/1BA units, plus enclosed, air-conditioned porch.
Where is this triplex located?
The property is located at 127 17TH Avenue S St Petersburg, FL.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: Three units: one updated 3BR/2BA main residence plus two upstairs 1BR/1BA apartments; Enclosed, air‑conditioned front porch and private back patio with easy‑access laundry area; Detached garage is 23' x 22' with alley entrance and possibility to create two rentable spaces
