Single-Level Quadplex with Recent
For Sale
$899,900
544 93RD Avenue N, St Petersburg, FL 33702
MULTI_FAMILY - ST PETERSBURG, FL
Property Size3,097 SF
Lot Size0.29 Acres
Price / SF$290.57
Days on Market218
Property Features for 544 93RD Avenue N
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bathroom 4, Bedroom 5, Bedroom 1, Dining Room, Laundry Room, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 3, Bedroom 3, Bathroom 2
Window features
Storm Window(s), ENERGY STAR Qualified WIndows
Patio and Porch features
Porch
Interior features
Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Wood Cabinets, Stone Counters, Thermostat
Exterior features
Fence, Rain Gutters
Fencing
Fenced
Appliances
Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
Subdivision
BAYBRIDGE HEIGHTS
Directions
4th St N to 93rd Ave N to address.
Standard status
Active
APN
19-30-17-03348-005-0050
Size
3,097 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
BAYBRIDGE HEIGHTS BLK 5, LOTS 5 & 6
Tax Annual Amount
10253
Legal Description
BAYBRIDGE HEIGHTS BLK 5, LOTS 5 & 6
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
front porches
rear porches
landscaping
irrigation system
storage room
laundry room
Building Details
Year built
1979
Floors in Building
1
Number of units
4
Flooring type
Vinyl, Tile
Building materials
Block
Roof type
Shingle
Listing Agency:
KELLER WILLIAMS ST PETE REALTY · Keller Williams Realty
(727) 894-1600
Listed By:
Zach Zehnder · License #3237387
(727) 742-0261
Added: Jan 6
Changed: Aug 2
Last Checked: Aug 12 at 9:06PM
MLS# TB8461329
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.
Single-level garden-style quadplex featuring four units across two concrete block duplexes. The eastern duplex has two 2-bedroom, 1-bath units, and the western duplex has two 1-bedroom, 1-bath units. Interior amenities include an open floorplan and living/dining room combo, with central air and central electric heating. Exterior features include fenced yard areas and rain gutters, plus individual electrical meters for all four units. The property also includes a large storage room and a separate coin-operated laundry room with tenant cabinets.
Recent capital improvements include brand-new hurricane impact-rated windows and doors installed throughout, along with new roofs and gutters installed in June 2024. The exterior offers fresh landscaping, artificial turf, and an irrigation system, and the site is described as high and dry with no flooding history. Utility setup is designed for ease of management, with the eastern duplex on separate water, sewer, and trash accounts per unit, while the western duplex is on a single W/S/T account. A large rear parking pad with a carport is accessed via the alley.
Constructed in 1979, this quadplex provides a straightforward multi-family configuration with dedicated unit utilities and on-site laundry for tenant convenience.
Recent capital improvements include brand-new hurricane impact-rated windows and doors installed throughout, along with new roofs and gutters installed in June 2024. The exterior offers fresh landscaping, artificial turf, and an irrigation system, and the site is described as high and dry with no flooding history. Utility setup is designed for ease of management, with the eastern duplex on separate water, sewer, and trash accounts per unit, while the western duplex is on a single W/S/T account. A large rear parking pad with a carport is accessed via the alley.
Constructed in 1979, this quadplex provides a straightforward multi-family configuration with dedicated unit utilities and on-site laundry for tenant convenience.
Key Highlights
- Four units across two concrete block duplexes
- Hurricane impact‑rated windows and doors installed throughout plus new roofs and gutters in June 2024
- All four units have individual electrical meters
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,149
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$722,980
$723.0K
Cap Rate 7%
$516,414
$516.4K
Cap Rate 9%
$401,656
$401.7K
Market Conditions
NOI Build-Up for 3,097 SF
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.
Gross rent
$55.4K $17.88/SF
− Vacancy
−$3.7K −$1.21/SF
EGI
$51.6K $16.67/SF
− OpEx
−$15.5K −$5.00/SF
NOI
$36.1K $11.67/SF
Area
Pinellas County, FL
Vacancy
6.74%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$722,980
Cap Rate 7%
$516,414
Cap Rate 9%
$401,656
Alternative Uses
Best Use
Multifamily LT 5
$516.4K
$451.9K – $602.5K
NOI $36,149 @ 7.0% cap · market cap 4.02%
Second Best
Apartment 5plus
$406.9K
$356.0K – $474.7K
NOI $28,483 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$805.6K
$704.9K – $939.8K
NOI $56,389 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,294
Businesses Nearby
Explore this area
Business Placement
Demographics for 33702, FL
29,996
Population
16,240
Households
1.8
Avg Household Size
44
Median Age
38%
College-Educated
91%
High-School Grad
10.4 sq mi
ZIP Area
2,884
Density / Sq Mi
$65,503
Median Household Income
$43,860
Median Earnings
$1,369
Median Rent
$293,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Single-level quadplex with four units in two concrete block duplexes, featuring hurricane impact windows and doors installed June 2024.
Where is this quadplex located?
The property is located at 544 93RD Avenue N St Petersburg, FL.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Four units across two concrete block duplexes; Hurricane impact‑rated windows and doors installed throughout plus new roofs and gutters in June 2024; All four units have individual electrical meters
