St. Petersburg Multi-Family Investment Opportunity

944 15TH AVENUE S, St Petersburg, FL 33705

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Pending

$895,000

Multi Family - ST PETERSBURG, FL

Property size:

3,872 SF

Lot size:

0.16 Acres

HighLights

Rare 5‑unit multi‑family investment property minutes from Downtown St. Pete and Tropicana Field.
Zoned for up to 9 units, offering significant future development potential.
New roofs (2022) and foundation stabilization with Lifetime Warranty on all buildings.
All units separately metered for electric and water.
Recent updates include waterproof flooring, plumbing, electrical, paint, cabinets, and A/C units.
Strong CAP Rate potential with previous Sec‑8 approvals and rates.

We can help!

Listing Contact

Shawna Opdycke

Pending

$895,000

Multi Family - ST PETERSBURG, FL

Property size:

3,872 SF

Lot size:

0.16 Acres

Added:: Mar 28, 2025
Days on Market:: 450
Last Refresh:: Jun 20 at 12:06 am

Property Features for 944 15TH AVENUE S

General Information

Property type: Residential Multi Family
Bedrooms: 13
Rooms: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
Interior features: Ninguno
Exterior features: Awning(s), Fence, Sidewalk
Fencing: Fenced
Standard status: Pending
APN: 25-31-16-64728-000-0110
Size: 3,872 SF
Lot size: 0.16 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Annual Amount: 11514.21

Utilities

Heating system: Ductless (Heating)
Cooling system: Multi Units, Wall/Window Unit(s), Window Unit(s)

Building Details

Year built: 1925
Number of units: 5
Building materials: Stucco
Roof type: Shingle
Architectural style: Other

We can help!

Listing Contact

Shawna Opdycke

Listing agent Shawna Opdycke License #3374267

Listing office KELLER WILLIAMS SOUTH TAMPA 3003 W. Azeele St., Tampa, FL

Listing date Mar 28, 2025

MLS# TB8368438 Listing URL

HighLights

Rare 5‑unit multi‑family investment property minutes from Downtown St. Pete and Tropicana Field.
Zoned for up to 9 units, offering significant future development potential.
New roofs (2022) and foundation stabilization with Lifetime Warranty on all buildings.
All units separately metered for electric and water.
Recent updates include waterproof flooring, plumbing, electrical, paint, cabinets, and A/C units.
Strong CAP Rate potential with previous Sec‑8 approvals and rates.

Overview

This five-unit multi-family investment property is located minutes from Downtown St. Pete and Tropicana Field. The property is situated in an X Flood Zone, with no flood damage or hurricane claims made by the current owners. New roofs were installed on all buildings in 2022, and foundation stabilization has been completed for all three buildings with a lifetime warranty. Each unit is separately metered for electric and water. Recent updates include waterproof flooring in all units, plumbing and electrical upgrades, interior and exterior paint, cabinets, and A/C units, with current renovations underway. The property is located within blocks of Midtown Academy, the local library, and the area Community Center. Zoned for up to nine units by both the county and the state, this property offers future use possibilities in a developing area of St. Petersburg. A common utility room previously housed an on-site washer and dryer, presenting an opportunity to add additional revenue through a coin-operated laundry facility. Section 8 inspections have previously passed on all units, and Section 8 rates provide a strong CAP Rate for this investment property. The property size is 3,872 square feet and the lot size is 0.16 acres.

Property Profile Location Intelligence

Current Use by Public Records

Agape House TLF ... Rehabilitation Center

Suggested Use

Location Insight

Map
Local Demand

City: St Petersburg
County: Pinellas
State: Florida
Longitude: -82.647759
Latitude: 27.755024

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For sale
Apartment buildings
FL
St Petersburg
33705
944 15TH AVENUE S

What type of property is this?

Apartment building - Five-unit property near downtown St. Pete with development potential.

Where is this apartment building located?

The property is located at 944 15TH AVENUE S St Petersburg, FL.

What is the asking price?

The asking price for this property is $895,000.

What are key features of this property?

This property features: Rare 5‑unit multi‑family investment property minutes from Downtown St. Pete and Tropicana Field.; Zoned for up to 9 units, offering significant future development potential.; New roofs (2022) and foundation stabilization with Lifetime Warranty on all buildings.

944 15TH AVENUE S, St Petersburg, FL 33705

Multi Family - ST PETERSBURG, FL

Property Features for 944 15TH AVENUE S

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Remodeled Warehouse and Office

Freestanding Restaurant with Drive-Thru

Turnkey Medical Office in St. Petersburg

St. Petersburg Warehouse with Leased Unit

Boutique Medical Suite Investment

Value-Add Multifamily Opportunity

Live/Work Property with On-Site Parking

High-Visibility Corner Office Building

Four-Unit Multifamily Property

St. Petersburg Multifamily Investment Opportunity

Freestanding Commercial Building Near Downtown

Corner Lot Duplex with Two Backyards

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