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    421 10Th Ave N St Petersburg, FL 33701

    View on Map
    Sponsored
    Pending
    $925,000

    Multi-Family 5+ - ST PETERSBURG, FL

    Property size:
    3,203 SF
    Lot size:
    0.11 Acres
    Days on Market:
    5
    Last Refresh:
    Mar 21 at 8:06 am

    Property Features for 421 10Th Ave N

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    9
    APN
    18-31-17-14202-000-0220
    Parking features
    Garage, On Street
    Interior features
    Built-in Features, Ceiling Fans(s), Eat-in Kitchen, Walk-in Closet(s)
    Exterior features
    Awning(s), Balcony, Courtyard, Private Mailbox, Rain Gutters, Shade Shutter(s), Sidewalk, Storage
    Appliances
    Range, Refrigerator
    Size
    3,203 SF
    Lot size
    0.11 Acres

    Utilities

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

    Building Details

    Year built
    1922
    Number of units
    6
    Flooring type
    Hardwood, Vinyl, Wood
    Building materials
    Frame
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Melody Ezell

    REALTY EXPERTS

    Listing agent Melody Ezell License #3312100

    Listing date Mar 17, 2026

    MLS# U8248037 Listing URL

    Copyright © 2026 Pinellas Suncoast Association of REALTORS®, Inc. 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

    Historic Uptown Multifamily Investment

    Located in the Historic Uptown neighborhood, this multifamily property, known as Osceola Apartments, was built in 1925 and features six income-producing apartments. The property is not in a flood zone and has no HOA fees. The front building contains four units: two upstairs units of 600 square feet each, with two bedrooms, one bathroom, and a screened back porch; and two ground-level units of 550 square feet each, with one bedroom, one bathroom, and screened front and back porches. The second building has two floors, with a ground-level one-bedroom, one-bathroom unit, and an 800-square-foot second-level unit with two bedrooms, one bathroom, a garage, and storage space. These bungalow-style apartments have unique character and detail, including built-ins and original hardwood flooring. Several newer windows have been installed in the front building, and each unit has a separate electrical meter. All units are accessible through the front or rear alley. The property includes a shared courtyard and is nestled among single-family homes with oak trees and mature landscaping on a brick street. The property is located minutes from Downtown St. Pete, Tropicana Field, and Crescent Lake Park, with convenient access to HWY 275, TIA, and the beaches. The exterior is currently being painted.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Spa & Massage Center Dental Office Law Firm Hair Salon Nail Salon Real Estate Agency Building Supply Daycare Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    St Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.639484
    Latitude
    27.782154

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    FAQs

    What type of property is this?
    Apartment building - Six-unit multifamily property in St. Petersburg's Historic Uptown neighborhood.
    Where is this apartment building located?
    The property is located at 421 10Th Ave N St Petersburg, FL.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: - Multi-family property with 6 income-generating apartments in Historic Uptown.; - Desirable location near Downtown St Pete, Tropicana Field, Crescent Lake Park, and beaches.; - No flood zone and No HOA.
    (727) 565-3326
    Request Owner's contact information
    421 10Th Ave N 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
    421 10Th Ave N St Petersburg, FL 33701
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    Listing Contact
    Melody Ezell
    Real Estate License ID: 3312100
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