Triplex with Three Separate
1012 GRANVILLE Court N St Petersburg, FL 33701
For Sale
$650,000
MULTI_FAMILY - ST PETERSBURG, FL
Property Size1,988 SF
Lot Size0.07 Acres
Price / SF$326.96
Days on Market223
Property Features for 1012 GRANVILLE Court N
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
MULTI FAM
Bedrooms
5
Bathrooms
3
Rooms
Bedroom 1, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 5, Bathroom 3, Bedroom 3
Pets allowed
Yes
Interior features
Ceiling Fans(s)
Exterior features
Balcony, Sidewalk
Fireplace
1
Appliances
Range, Refrigerator
Standard status
Active
APN
18-31-17-55980-000-0130
Size
1,988 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MATHIS' N .50FT OF W 1/2 OF LOT 11 & LOT 13 LESS S .50FT OF E 1/2
Tax Annual Amount
8300
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating), Ductless (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s), Central Air
Water source
Public
Building Details
Year built
1925
Floors in Building
2
Number of units
3
Flooring type
Laminate, Wood
Building materials
Block, Frame
Roof type
Shingle
Listing Agency:
RE/MAX ACTION FIRST OF FLORIDA
(727) 466-0800
Listed By:
Spyro Lefkimiotis · License #3093054
(727) 647-0819
Added: Dec 16, 2025
Changed: Jul 25
Last Checked: Jul 27 at 7:06PM
MLS# TB8455452
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 triplex includes three separate units: a two-bedroom, one-bath unit on the ground level, a three-bedroom, one-bath unit upstairs, and an additional studio apartment. The property has a dedicated utility room set up for coin-operated washers and dryers, and natural gas is connected. Recent improvements include a new roof installed in 2023, along with fresh interior and exterior paint.
The property is located on a quiet, tree-lined street in Historic Uptown, St. Petersburg. It is described as being minutes from Crescent Lake Park and Downtown St. Petersburg, with convenient access to I-275 and both Tampa and St. Pete/Clearwater airports.
With all three units configured as independent rental spaces and a separate laundry utility area already in place, the property is positioned for flexible occupancy and income generation.
The property is located on a quiet, tree-lined street in Historic Uptown, St. Petersburg. It is described as being minutes from Crescent Lake Park and Downtown St. Petersburg, with convenient access to I-275 and both Tampa and St. Pete/Clearwater airports.
With all three units configured as independent rental spaces and a separate laundry utility area already in place, the property is positioned for flexible occupancy and income generation.
Key Highlights
- Triplex built in 1925 with three separate units: 2BR/1BA downstairs, 3BR/1BA upstairs, and a studio apartment
- New shingle 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
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Triplex offering three units: two-bedroom, three-bedroom, and a studio, with a dedicated laundry utility room and natural gas.
Where is this triplex located?
The property is located at 1012 GRANVILLE Court 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: Triplex built in 1925 with three separate units: 2BR/1BA downstairs, 3BR/1BA upstairs, and a studio apartment; New shingle roof installed in 2023 plus fresh interior and exterior paint; Dedicated utility room set up for coin‑operated washers and dryers
