Updated Triplex with Studio
For Sale
$599,000
1500 30TH Avenue N, St Petersburg, FL 33704
Residential Income, ST PETERSBURG, FL
Property Size1,944 SF
Lot Size0.15 Acres
Price / SF$308.13
Days on Market115
Property Features for 1500 30TH Avenue N
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 3
Parking features
Off Street, Driveway, Open, On Street
Window features
ENERGY STAR Qualified WIndows
Patio and Porch features
Patio, Porch
Pets allowed
Yes
Interior features
Ceiling Fans(s), Eat-in Kitchen, Stone Counters, Window Treatments
Exterior features
Fence, Private Entrance, Sprinkler Metered, Storage
Fencing
Fenced
Appliances
Electric Water Heater, Microwave, Range, Refrigerator
Subdivision
WASHINGTON HEIGHTS
Lot features
Corner Lot, City Limits, Sidewalk, Paved
Elementary school
Woodlawn Elementary-PN
Middle school
Meadowlawn Middle-PN
High school
St. Petersburg High-PN
Directions
From Dr M.L.K. Jr St N, Turn West onto 30th Ave N. Triplex will be on your left (south side) just before 16th St. For parking, turn left onto 15th St and park on side of road just before or after the alley - DO NOT PARK IN ALLEY
Standard status
Active
APN
12-31-16-95022-002-0010
Size
1,944 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WASHINGTON HEIGHTS BLK B, LOT 1
Tax Annual Amount
7996
Legal Description
WASHINGTON HEIGHTS BLK B, LOT 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
washer and dryer hookups
shared tenant storage
covered front porch
on-site parking
Building Details
Year built
1949
Floors in Building
1
Number of units
3
Flooring type
Tile - Ceramic, Wood
Building materials
Block
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Maria Crespo · License #3259788
(813) 230-1787
Added: May 12
Changed: Sep 2
Last Checked: Sep 3 at 9:06PM
MLS# TB8507567
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 triplex contains 1,944 square feet across three residential units. Units A and B are each one-bedroom, one-bath layouts with covered front-porch access; Unit A has hardwood flooring, while Unit B has ceramic tile. The rear Unit C was converted into a studio in 2019 and includes a combined living and sleeping area, eat-in kitchen, and full bathroom. Interior updates since 2019 include remodeled kitchens, newer appliances, updated windows, fresh paint, and washer and dryer hookups. Central HVAC was replaced in 2017.
Built in 1949 with block construction, the property sits on a 0.15-acre fenced corner lot with driveway, open, on-street, and off-street parking. Shared storage is available in the remaining garage area, and Unit C has alley access. The property is located in St. Petersburg near downtown restaurants, shopping, entertainment, Tampa Bay, and Gulf beaches.
Built in 1949 with block construction, the property sits on a 0.15-acre fenced corner lot with driveway, open, on-street, and off-street parking. Shared storage is available in the remaining garage area, and Unit C has alley access. The property is located in St. Petersburg near downtown restaurants, shopping, entertainment, Tampa Bay, and Gulf beaches.
Key Highlights
- Three‑unit property with 1,944 square feet of total building area
- Unit mix includes two 1‑bedroom, 1‑bath units and one studio apartment
- Unit C was converted in 2019; central HVAC was replaced in 2017
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,691
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$453,820
$453.8K
Cap Rate 7%
$324,157
$324.2K
Cap Rate 9%
$252,122
$252.1K
Market Conditions
NOI Build-Up for 1,944 SF
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.
Gross rent
$34.8K $17.88/SF
− Vacancy
−$2.3K −$1.21/SF
EGI
$32.4K $16.67/SF
− OpEx
−$9.7K −$5.00/SF
NOI
$22.7K $11.67/SF
Area
Pinellas County, FL
Vacancy
6.74%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$453,820
Cap Rate 7%
$324,157
Cap Rate 9%
$252,122
Alternative Uses
Best Use
Multifamily LT 5
$324.2K
$283.6K – $378.2K
NOI $22,691 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$255.4K
$223.5K – $298.0K
NOI $17,879 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$505.6K
$442.4K – $589.9K
NOI $35,395 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
805
Businesses Nearby
Explore this area
Business Placement
Demographics for 33704, FL
16,031
Population
9,037
Households
1.8
Avg Household Size
46
Median Age
58%
College-Educated
98%
High-School Grad
3.4 sq mi
ZIP Area
4,715
Density / Sq Mi
$102,647
Median Household Income
$63,803
Median Earnings
$1,398
Median Rent
$657,400
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 - Three residential units include renovated interiors, shared storage, and parking on a fenced corner parcel.
Where is this triplex located?
The property is located at 1500 30TH Avenue N St Petersburg, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Three‑unit property with 1,944 square feet of total building area; Unit mix includes two 1‑bedroom, 1‑bath units and one studio apartment; Unit C was converted in 2019; central HVAC was replaced in 2017
