Pre-Construction Multifamily Investment
For Sale
$700,000
5148 1ST Avenue S, St Petersburg, FL 33707
LAND - ST PETERSBURG, FL
Property SizeContact for details
Lot Size0.26 Acres
Days on Market569
Property Features for 5148 1ST Avenue S
General Information
Property type
Land
Property subtype
Other
Subdivision
BELLECREST HEIGHTS
Directions
From 1st Ave S, head east towards downtown, and home is on the right on 51st St N block // From I275-S get off on 5th Ave N and turn left on 51st st N, turn left on 1st Ave S, lot is on the right
Standard status
Active
APN
21-31-16-07182-003-0070
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
BELLECREST HEIGHTS BLK 3, LOTS 7 AND 8
Tax Annual Amount
1604
Legal Description
BELLECREST HEIGHTS BLK 3, LOTS 7 AND 8
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Water source
Public
Listing Agency:
COMPASS FLORIDA LLC
(727) 339-7902
Listed By:
Zach Steinberger · License #3438328
(941) 539-7253
Added: Jan 21, 2025
Changed: Jul 20
Last Checked: Aug 13 at 12:06PM
MLS# TB8340916
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 pre-construction, 8-unit multifamily property represents a development opportunity in Tampa Bay, offered as land with included plans. For an additional fee, the developer can deliver the site permit ready for construction. The new construction is projected to operate as an 8% cap rate investment. The units have been planned to maximize space and functionality, ensuring comfort and convenience for future residents. Interiors feature high-end finishes, premium fixtures, and appliances, including LVP flooring and designer lighting fixtures. Customization options are available for floor plans and finishes. The developer projects a $1.5 million build for the property. The lot size is 0.26 acres. The property is located in St. Petersburg, FL.
Key Highlights
- Pre‑construction 8‑unit multifamily property offering a unique investment opportunity in the thriving Tampa Bay real estate market.
- Potential for an 8% cap rate investment with no capital expenditures required due to brand new construction.
- Opportunity to customize floor plans, finishes, and other details with the builder.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,509
Businesses Nearby
Explore this area
Business Placement
Demographics for 33707, FL
24,646
Population
16,579
Households
1.5
Avg Household Size
58
Median Age
40%
College-Educated
95%
High-School Grad
5.3 sq mi
ZIP Area
4,650
Density / Sq Mi
$68,560
Median Household Income
$45,513
Median Earnings
$1,512
Median Rent
$344,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Land and plans for an 8-unit multifamily property.
Where is this apartment building located?
The property is located at 5148 1ST Avenue S St Petersburg, FL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Pre‑construction 8‑unit multifamily property offering a unique investment opportunity in the thriving Tampa Bay real estate market.; Potential for an 8% cap rate investment with no capital expenditures required due to brand new construction.; Opportunity to customize floor plans, finishes, and other details with the builder.
