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    5845 Fairfield Ave S St Petersburg, FL 33707

    Sponsored
    For Sale
    Pending
    $1,100,000

    Multi-Family - ST PETERSBURG, FL

    Type:Multi Family
    Property size:
    6,384 SF
    Lot size:
    0.32 Acres
    Days on Market:
    309
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 5845 Fairfield Ave S

    General Information

    Property type
    Commercial Sale
    Property subtype
    Multi Family
    Standard status
    Pending
    APN
    20-31-16-67644-000-0030
    Size
    6,384 SF
    Lot size
    0.32 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1974
    Number of units
    8
    Building materials
    Block
    Architectural style
    Other

    BRIDGEWATER COMMERCIAL RE (813) 541-4254

    Listing agent Davis Nunneley (813) 541-4254 License #3468881

    Listing date Mar 3, 2025

    MLS# U8252643 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.

    Overview

    St. Pete Multifamily Investment Opportunity

    This two-story multifamily property, located in St. Petersburg, FL, features 8 units and presents a value-add investment opportunity. The property is currently receiving rents slightly below market value, offering the potential to increase rents to market value after renovations. Situated in a prime location, the property is adjacent to the Pinellas Trail and is a 10-minute drive to both St. Pete Beach and Treasure Island. It is also within walking distance of Boca Ciega High School and Central Avenue. The property is positioned for long-term appreciation. The lot size is 0.32 acres and the property size is 6384 square feet. Call For Offers on October 31st, 2024.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    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
    -82.713402
    Latitude
    27.764364

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    FAQs

    What type of property is this?
    Apartment building - Value-add multifamily property in prime St. Pete location.
    Where is this apartment building located?
    The property is located at 5845 Fairfield Ave S St Petersburg, FL.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Value-add opportunity with potential to increase rents to market value after renovations.; - **Prime location near the Pinellas Trail, St. Pete Beach, and Treasure Island.**; - Walking distance to Boca Ciega Highschool and Central Ave.
    (404) 786-5588
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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
    5845 Fairfield Ave S St Petersburg, FL 33707
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