Triplex with Three Separate
1012 GRANVILLE Ct N St Petersburg, FL 33701
New
For Sale
$650,000
Triplex with three separate apartments, including a downstairs 2-bedroom unit, an upstairs 3-bedroom unit, and a studio.
Days on Market5
Property Features for 1012 GRANVILLE Ct N
General Information
Standard status
Active
Property subtype
Investment
Building Details
Year Built
1925
Listing Agency:
RE/MAX Action First
(727) 647-0819
Listed By:
Spyro Lefkimiotis · License #3093054
(727) 647-0819
Source:
Elliman
Added: Jul 25
Changed: Jul 26
Last Checked: Jul 28 at 6:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Action First
Investment Insights
Based on property information with market context.
This triplex includes three separate units: a 2 bedroom, 1 bath unit on the lower level, a 3 bedroom, 1 bath unit on the upper level, and a studio apartment. Recent improvements include a new roof in 2023 and fresh interior and exterior paint. The property also includes a dedicated utility room set up for coin-operated washers and dryers, and natural gas is connected.
The property is located on a quiet, tree-lined street in Historic Uptown, with convenient access to I-275. It is described as being just minutes from Crescent Lake Park and Downtown St. Petersburg, as well as nearby restaurants, shopping, and cultural attractions. Access to both Tampa and St. Pete/Clearwater airports is also noted as convenient.
With three distinct floor plans and dedicated shared laundry setup, the building is designed to support flexible rental arrangements.
The property is located on a quiet, tree-lined street in Historic Uptown, with convenient access to I-275. It is described as being just minutes from Crescent Lake Park and Downtown St. Petersburg, as well as nearby restaurants, shopping, and cultural attractions. Access to both Tampa and St. Pete/Clearwater airports is also noted as convenient.
With three distinct floor plans and dedicated shared laundry setup, the building is designed to support flexible rental arrangements.
Key Highlights
- 1925‑built triplex with three separate units: downstairs 2BR/1BA, upstairs 3BR/1BA, and a studio
- New roof installed in 2023, plus fresh interior and exterior paint
- Dedicated utility room set up for coin‑operated washers and dryers
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.5k | $17.88 |
| − Vacancy | −$2.4k | −$1.21 |
| EGI | $33.1k | $16.67 |
| − OpEx | −$9.9k | −$5.00 |
| NOI | $23.2k | $11.67 |
1,988 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$331.5K
$290.1K – $386.8K
NOI $23,205 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$261.2K
$228.6K – $304.7K
NOI $18,284 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$517.1K
$452.5K – $603.3K
NOI $36,197 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Triplex with three separate apartments, including a downstairs 2-bedroom unit, an upstairs 3-bedroom unit, and a studio.
Where is this triplex located?
The property is located at 1012 GRANVILLE Ct N St Petersburg, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 1925‑built triplex with three separate units: downstairs 2BR/1BA, upstairs 3BR/1BA, and a studio; New roof installed in 2023, plus fresh interior and exterior paint; Dedicated utility room set up for coin‑operated washers and dryers
