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    206 9Th Ave NE St Petersburg, FL 33701

    View on Map
    Sponsored
    Pending
    $1,799,000

    Multi-Family 5+ - ST PETERSBURG, FL

    Property size:
    3,450 SF
    Lot size:
    0.20 Acres
    Days on Market:
    39
    Last Refresh:
    Mar 21 at 2:06 pm

    Property Features for 206 9Th Ave NE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bedroom 1, Bedroom 2
    Bedrooms
    2
    APN
    17-31-17-04842-002-0060
    Parking features
    Carport, Covered, Off Street
    Interior features
    Ceiling Fans(s)
    Exterior features
    Corner Lot, Sidewalk
    Appliances
    Dryer, Range, Refrigerator
    Size
    3,450 SF
    Lot size
    0.20 Acres

    Utilities

    Heating system
    Ductless (Heating)
    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1955
    Number of units
    10
    Flooring type
    Tile, Tile - Ceramic
    Building materials
    Block
    Architectural style
    Other

    We can help!

    Listing Contact
    Adam Yore
    Adam Yore

    REMAX preferred

    Listing agent Adam Yore License #3389212

    Listing date Feb 10, 2026

    MLS# TB8343555 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    St. Petersburg Multifamily Investment Opportunity

    This multifamily property features 10 units, including 8 studios and 2 one-bedroom apartments. Situated on an oversized corner lot in the Old Northeast, the property is located blocks north of downtown St. Petersburg and near Beach Drive and North Shore Park. The property benefits from walkability and is surrounded by classic Florida charm. It includes 11 off-street parking spaces and on-site laundry. The units are separately metered for electric. The property was previously licensed for transient use and has fully furnished units. The roof is in solid condition with no storm damage. The property is located outside of any flood zone. The building has a fresh paint job. The property has redevelopment potential and is located near entertainment, cultural attractions, and waterfront parks. It also provides easy access to the freeway for trips to beaches or downtown Tampa. The property size is 3,450 square feet and the lot size is 0.2 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Real Estate Agency Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    St Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.632326
    Latitude
    27.781005

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    FAQs

    What type of property is this?
    Apartment building - 10 units in the heart of Old Northeast.
    Where is this apartment building located?
    The property is located at 206 9Th Ave NE St Petersburg, FL.
    What is the asking price?
    The asking price for this property is $1,799,000.
    What are key features of this property?
    This property features: - Prime location in the Old Northeast, near downtown St. Petersburg, Beach Drive, and North Shore Park, offering extreme walkability.; - Ten units (8 studios and 2 one-bedroom apartments) ideal for the rental market.; - Eleven off-street parking spaces and on-site laundry.
    (727) 804-0655
    Request Owner's contact information
    206 9Th Ave NE St Petersburg, FL 33701
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    St Petersburg, FL 33701
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    206 9Th Ave NE St Petersburg, FL 33701
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    We can help!
    Listing Contact
    Adam Yore
    Adam Yore
    Real Estate License ID: 3389212
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