Six-Unit Apartment
For Sale
$1,000,000
633 7TH Avenue N, St Petersburg, FL 33701
Residential Income, ST PETERSBURG, FL
Property Size3,343 SF
Lot Size0.10 Acres
Price / SF$299.13
Days on Market74
Property Features for 633 7TH Avenue N
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
5
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 1, Bathroom 4, Bedroom 3, Bedroom 4, Bathroom 6, Bedroom 1, Bathroom 5, Bathroom 3, Bedroom 5, Bathroom 2, Bedroom 2
Parking features
Garage, On Street
Patio and Porch features
Porch
Pets allowed
Yes
Fireplace
1
Appliances
Refrigerator
Subdivision
SAFFORDS ADD REV
Lot features
Corner Lot
Directions
Property is on the corner of 7th Ave N and an alleyway.
Standard status
Active
APN
18-31-17-77814-005-0060
Size
3,343 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SAFFORD'S ADD REVISED BLK 5, E 43.33 FT OF LOTS 6 AND 7
Tax Annual Amount
13383
Legal Description
SAFFORD'S ADD REVISED BLK 5, E 43.33 FT OF LOTS 6 AND 7
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
front porches
Building Details
Year built
1925
Flooring type
Tile, Vinyl, Laminate
Building materials
Frame
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
REAL BROKER, LLC
(855) 450-0442
Listed By:
D.J. Bryant · License #3415242
(941) 400-0101
Added: Jun 23
Changed: Sep 2
Last Checked: Sep 4 at 5:06PM
MLS# A4697197
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 apartment property contains 3,343 square feet on a 0.1-acre site and includes six units distributed between two buildings. The front structure is a quadplex with four apartments, including one- and two-bedroom layouts. A detached rear building adds two studio apartments above four garage bays, which may serve as storage or be leased separately. Large porches are featured on both buildings, while the property also includes tile, laminate, and vinyl flooring, frame construction, shingle roofing, public water, and public sewer. The property was built in 1925 and received updates in 2026.
Located at 633 7TH Avenue N in St. Petersburg, the property is less than 2 blocks from Downtown St. Pete and under 30 minutes from Downtown Tampa and the Gulf Beaches. Parking includes two spaces in front of the garage bays, along with on-street parking. Professional property management is currently in place and willing to continue.
Located at 633 7TH Avenue N in St. Petersburg, the property is less than 2 blocks from Downtown St. Pete and under 30 minutes from Downtown Tampa and the Gulf Beaches. Parking includes two spaces in front of the garage bays, along with on-street parking. Professional property management is currently in place and willing to continue.
Key Highlights
- Six apartment units across a quadplex and a detached studio building
- 3,343 square feet on a 0.1‑acre site
- Four garage bays beneath the detached two‑unit building
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
$39,021
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
3.90%
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%
$780,420
$780.4K
Cap Rate 7%
$557,443
$557.4K
Cap Rate 9%
$433,567
$433.6K
Market Conditions
NOI Build-Up for 3,343 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
$59.8K $17.88/SF
− Vacancy
−$4.0K −$1.21/SF
EGI
$55.7K $16.67/SF
− OpEx
−$16.7K −$5.00/SF
NOI
$39.0K $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%
$780,420
Cap Rate 7%
$557,443
Cap Rate 9%
$433,567
Alternative Uses
Best Use
Multifamily LT 5
$557.4K
$487.8K – $650.4K
NOI $39,021 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$439.2K
$384.3K – $512.4K
NOI $30,746 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$869.5K
$760.9K – $1.01M
NOI $60,868 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
4,221
Businesses Nearby
Explore this area
Business Placement
Demographics for 33701, FL
19,137
Population
13,434
Households
1.4
Avg Household Size
48
Median Age
55%
College-Educated
96%
High-School Grad
2.7 sq mi
ZIP Area
7,088
Density / Sq Mi
$69,098
Median Household Income
$48,072
Median Earnings
$1,531
Median Rent
$590,900
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 - Two structures combine varied apartment layouts with garage space, porches, and public utilities.
Where is this apartment building located?
The property is located at 633 7TH Avenue N St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Six apartment units across a quadplex and a detached studio building; 3,343 square feet on a 0.1‑acre site; Four garage bays beneath the detached two‑unit building
