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    627 70TH AVENUE St Pete Beach, FL 33706

    View on Map
    For Sale
    $1,200,000

    Triplex - ST PETE BEACH, FL

    Type:Triplex
    Property size:
    1,640 SF
    Lot size:
    0.18 Acres
    Added:
    Nov 13, 2025
    Days on Market:
    139
    Last Refresh:
    Apr 1 at 3:06 am

    Property Features for 627 70TH AVENUE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Bedrooms
    4
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Parking features
    Carport
    Interior features
    Built-in Features, Ceiling Fans(s), Living Room/Dining Room Combo, Solid Surface Counters, Solid Wood Cabinets, Window Treatments
    Exterior features
    Courtyard, Fence, Lighting, Outdoor Grill
    Fencing
    Fenced
    Standard status
    Active
    APN
    36-31-15-05940-001-0200
    Size
    1,640 SF
    Lot size
    0.18 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    9791.23

    Utilities

    Heating system
    Central
    Cooling system
    Ductless, Multi Units

    Building Details

    Year built
    1966
    Number of units
    3
    Building materials
    Block
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Keith Slater
    Keith Slater

    Listing agent Keith Slater License #3192396

    Listing office COASTAL HOME ADVISORS RE 4675 Gulf Blvd, St Pete Beach, FL

    Listing date Nov 13, 2025

    MLS# TB8448919 Listing URL

    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.

    Overview

    St. Pete Beach Triplex Opportunity

    This triplex is located a few blocks from St. Pete Beach. The property's layout allows for use as a three-unit monthly rental or as a residence where the owner can occupy the main house while leasing the adjacent duplex. The 2025 gross income was $110,000. The surrounding neighborhood offers a vibrant community atmosphere, with local cafes, shops, and parks within walking distance. The triplex features architecture and an inviting exterior. The interior includes open-concept living areas and expansive windows. Recent enhancements to the detached unit include new sunroom windows, comprehensive interior painting, and modern lighting. The main house bathroom has undergone a complete renovation, showcasing new tile, toilets, and fixtures. Additional updates include new ceiling fans and light fixtures. Unit 1 features improved lighting, freshly painted walls, updated bathroom finishes, and terrazzo flooring. Unit 2 has been entirely renovated, featuring fresh paint, updated tile, and a new bathroom. The exterior and grounds have been thoroughly transformed, with updated landscaping that includes new plants, decorative rocks, and seashell accents. A new fence encloses the property, while sealed cement landscaping provides a clean and durable finish. Enhanced sprinkler and irrigation systems have been installed, accompanied by new landscape lighting with programmable timers. The exterior has been freshly painted, and the front posts have been updated. New composite decks have been constructed at the front and back of Studios 1 and 2, complete with a grilling setup. An ongoing semi-annual pest control service is in place. The electrical panels have been replaced and upgraded within the last 24 months, and the main plumbing line has been replaced with new PVC, with all plumbing systems updated. New hot water tanks and air conditioning units have also been installed for Studios 1 and 2. The property includes all furnishings and is equipped with keyless smart locks, as well as a security system. The property is located in ST PETE BEACH, FL, with a lot size of 0.18 acres and a property size of 1640 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Real Estate Agency Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    St Pete Beach
    County
    Pinellas
    State
    Florida
    Longitude
    -82.751262
    Latitude
    27.738167

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    FAQs

    What type of property is this?
    Triplex - Triplex near St. Pete Beach with rental or owner-occupied potential.
    Where is this triplex located?
    The property is located at 627 70TH AVENUE St Pete Beach, FL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Prime Location: Just blocks from St. Pete Beach; High Income Potential: Proven $110,000 gross income in 2025; Turnkey Rental or Owner‑Occupancy: Versatile triplex suitable for various uses
    (813) 601-6047
    We can help!
    Listing Contact
    Keith Slater
    Keith Slater
    Real Estate License ID: 3192396
    Learn More
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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
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