Up to 13-Unit Development
2722 14TH AVENUE S St Petersburg, FL 33712
2722 14TH AVENUE S, St Petersburg, FL, 33712
$1,190,900
For Sale
$1,190,900
Multi-Family 5+ - ST PETERSBURG, FL
Property Size5,143 SF
Lot Size0.44 Acres
Price / SF$231.56
Days on Market261
Property Features for 2722 14TH AVENUE S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Interior features
- Ceiling Fans(s), Open Floorplan, Window Treatments
- Exterior features
- Private Mailbox
- Standard status
- Active
- APN
- 26-31-16-97560-000-0330
- Size
- 5,143 SF
- Lot size
- 0.44 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 16692.74
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1926
- Number of units
- 4
- Building materials
- Block
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
REAL BROKER, LLC
(863) 206-5755
122 W Pine St, Ste 300, Winter Haven, FL
Listed by
Betsy Tinervin · License #3356969
(863) 206-5755
Added: Nov 1, 2025 Checked: Jul 19 at 5:06 am
MLS# TB8443916
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.
Investment Insights
Based on property information with market context.
This for-sale multifamily redevelopment package includes four renovated, income-producing units across three structures, with all existing units occupied. The current residences are located at 2728 14th Ave S (a 3-bedroom/2-bath single-family home) and 2722 14th Ave S (a 2-bedroom/2-bath single-family home), plus 2722 14th Ave S units A & B (two remodeled studio apartments). The units were fully renovated in 2022 with new roofs, updated kitchens, flooring, doors, trim, and paint, and new landscaping was completed in 2025. Seller notes home warranties are offered on existing units and the property is not in a flood zone.
The offering also includes a separate development parcel at 1416 28th Ave S, where a former 5-unit building was demolished with permits, including asbestos removal. Overall, the property spans approximately 3.5 corner lots and has been rezoned and approved for up to 13 total units. It is positioned minutes from Central Avenue and downtown St. Petersburg, as well as the Warehouse Arts District, the Tropicana Field redevelopment area, I-275, and Gulf Beaches, with surrounding development and active local businesses.
For buyers, this structure supports both immediate rental income and an approved path to expand. Existing tenants occupy the renovated units while the separate parcel is set up for redevelopment under the current rezoning approval.
The offering also includes a separate development parcel at 1416 28th Ave S, where a former 5-unit building was demolished with permits, including asbestos removal. Overall, the property spans approximately 3.5 corner lots and has been rezoned and approved for up to 13 total units. It is positioned minutes from Central Avenue and downtown St. Petersburg, as well as the Warehouse Arts District, the Tropicana Field redevelopment area, I-275, and Gulf Beaches, with surrounding development and active local businesses.
For buyers, this structure supports both immediate rental income and an approved path to expand. Existing tenants occupy the renovated units while the separate parcel is set up for redevelopment under the current rezoning approval.
Key Highlights
- Approved development parcel allows building up to 13 total units while collecting rent from existing units.
- Four renovated, income‑producing units (3BR/2BA, 2BR/2BA, and two studios) fully occupied and generating immediate cash flow.
- Prime location minutes from Central Avenue, Downtown St. Pete, Warehouse Arts District, Tropicana Field redevelopment, I‑275, and Gulf Beaches.
Local 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 | $92.0k | $17.88 |
| − Vacancy | −$6.2k | −$1.21 |
| EGI | $85.8k | $16.67 |
| − OpEx | −$25.7k | −$5.00 |
| NOI | $60.0k | $11.67 |
5,143 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$857.6K
$750.4K – $1.00M
NOI $60,031 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$675.7K
$591.3K – $788.4K
NOI $47,301 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,641 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Three structures with fully renovated occupied units plus a separate development parcel approved for additional units.
Where is this quadplex located?
The property is located at 2722 14TH AVENUE S St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,190,900.
What are key features of this property?
This property features: Approved development parcel allows building up to 13 total units while collecting rent from existing units.; Four renovated, income‑producing units (3BR/2BA, 2BR/2BA, and two studios) fully occupied and generating immediate cash flow.; Prime location minutes from Central Avenue, Downtown St. Pete, Warehouse Arts District, Tropicana Field redevelopment, I‑275, and Gulf Beaches.
