St. Petersburg Multifamily Investment
3527 1ST AVENUE S, St Petersburg, FL 33711
Multi-Family 5+ - ST PETERSBURG, FL
Property size:
3,641 SFLot size:
0.29 AcresPrice / SF:
$329/SF- Added:
- Apr 1, 2026
- Days on Market:
- 52
- Last Refresh:
- May 22 at 11:06 am
Property Features for 3527 1ST AVENUE S
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 22-31-16-96192-002-0120
- Size
- 3,641 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9461.87
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1971
- Number of units
- 12
- Building materials
- Brick
- Roof type
- Built-Up
- Architectural style
- Other
Listing agent Troy Walseth License #3261857 (727) 331-5500
Listing office KELLER WILLIAMS GULF BEACHES 10681 Gulf Blvd Suite 201, St. Pete Beach, FL (727) 367-3756
Listing date Apr 1, 2026
MLS# TB8493152
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.
HighLights
- High Income Potential: Generates $129,600 in annual gross revenue with approximately 90% occupancy.
- Prime Location: Situated in a high‑traffic corridor near 34th Street and Central Avenue, close to major hospitals.
- 12 Bedrooms with Mostly Private Baths: Ten rooms feature private full baths, enhancing tenant appeal.
- Weekly Rental Model with High Occupancy: Consistent 90% occupancy due to the desirable location and rental structure.
- Commercial Zoning with Residential Use: Originally a medical clinic, the building's layout and zoning are ideal for medical or wellness practices.
- Amenities: Includes a shared kitchen, living room, on‑site laundry, on‑site parking, and three independent AC systems.
Overview
Located near 34th Street and Central Avenue in St. Petersburg, this multifamily property features 12 bedrooms and generates income with high visibility. The property maintains approximately 90% occupancy through a weekly rental model. Ten rooms include private full baths, while the remaining two share a bath. Common areas include a shared kitchen, a living room, and an on-site laundry room. The property generates approximately $250 to $300 per week per room through PadSplit, with an annual gross revenue of $129,600 projected for 2025. Tenant stays range from two months to two years. Three independent AC systems provide year-round comfort, and an on-site parking lot accommodates daily traffic. The building has 3,641 square feet of living space within a 4,377 gross square foot commercial structure. Originally a medical clinic, the property retains its clinical layout, featuring private rooms with en-suite baths and separation between spaces. The zoning is commercial with residential use. Bayfront Health St. Petersburg, St. Anthony's Hospital, and Johns Hopkins All Children's Hospital are nearby. I-275 provides access to Tampa in under 30 minutes, and the SunRunner rapid transit line connects to downtown St. Pete. The lot size is 0.29 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Bay Area Internal ...
Medical Clinic
Kiritkumar Patel Kirit ...
Physician
Patel Vijay MD
Physician
Dr. Aurindom Narayan, ...
Physician
Narayan Aurindom MD
Physician
Location Insight
- Map
- Local Demand
- City
- St Petersburg
- County
- Pinellas
- State
- Florida
- Longitude
- -82.681453
- Latitude
- 27.770309
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 12-bedroom multifamily property near St. Petersburg's high-traffic corridor.
Where is this apartment building located?
The property is located at 3527 1ST AVENUE S St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: High Income Potential: Generates $129,600 in annual gross revenue with approximately 90% occupancy.; Prime Location: Situated in a high‑traffic corridor near 34th Street and Central Avenue, close to major hospitals.; 12 Bedrooms with Mostly Private Baths: Ten rooms feature private full baths, enhancing tenant appeal.
