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    5050 74Th St N St Petersburg, FL 33709

    For Sale
    $975,000

    Multi Family - ST PETERSBURG, FL

    Property size:
    3,409 SF
    Lot size:
    0.36 Acres
    Days on Market:
    225
    Last Refresh:
    Dec 5 at 10:06 am

    Property Features for 5050 74Th St N

    General Information

    Property type
    Residential Multi Family
    Standard status
    Active
    Zoning
    R-4
    APN
    06-31-16-00000-220-1700
    Interior features
    Ceiling Fans(s)
    Exterior features
    Lighting, Sidewalk
    Size
    3,409 SF
    Lot size
    0.36 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water front features
    Canal - Saltwater, Canal Front, Waterfront
    Water front
    1

    Building Details

    Year built
    1980
    Number of units
    6
    Building materials
    Stucco
    Roof type
    Shingle
    Architectural style
    Other

    LPT Realty, LLC. (877) 366-2213 [email protected]

    Listing agent Steven Sallo (877) 366-2213 License #3550258

    Listing date Apr 25, 2025

    MLS# TB8303107 Listing URL

    Copyright © 2025 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.

    Overview

    Waterfront Multi-Unit Investment Opportunity

    This multi-unit investment property features six units and 135 feet of waterfrontage. The property includes three two-bedroom, one-bath units, two studio units, and one one-bedroom, one-bath unit. All units are currently occupied, with tenants on month-to-month agreements. There is an opportunity to renovate units and raise rents. Current rents are $1,800, $1,800, $1,800, $1,200, $1,200 and $1,150, totaling $8,950 per month and $107,400 annually. Annual expenses include $4,128 for water and garbage pickup ($250 per month and $94 per month), $6,800 for taxes, and $4,103 for insurance. The property has not flooded in the last 20 years. The net annual profit is roughly $92,368. Upgraded plumbing and electrical systems were installed 4 years ago. Central air conditioning is present and is 4 years old. The property has a 10% cap rate with the opportunity to boost it to 12-15% with rent increases and the addition of a laundry area. The property size is 3409 square feet and the lot size is 0.36 acres. The zoning is R-4. Foundation repairs have been completed. An additional waterfront lot is included.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    St Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.741431
    Latitude
    27.817884

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    FAQs

    What type of property is this?
    Apartment building - Six-unit property with waterfrontage, high cap rate, and renovation potential.
    Where is this apartment building located?
    The property is located at 5050 74Th St N St Petersburg, FL.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: - 10% Cap Rate with potential to increase to 12-15% through rent increases and adding laundry facilities.; - Additional waterfront lot included, enhancing property value and potential.; - **High Income: Generates $107,400 annually with a net annual profit of roughly $92,368.**
    (877) 366-2213
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    5050 74Th St N St Petersburg, FL 33709
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    Realmo Value Estimation

    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.

    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.

    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
    5050 74Th St N St Petersburg, FL 33709
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