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Three-Unit Multifamily Property

1016 24TH N, St Petersburg, FL 33704

For Sale
New
$1,175,000

Three rental units span a front Craftsman home and a detached rear duplex, with separate water and electric meters for each building.

Property Size2,524 SF
Lot Size0.16 Acres
Days on Market7

Property Features for 1016 24TH N

General Information

Standard status Active
Size 2,524 SF
Lot size 0.16 Acres
Property subtype Investment

Site & Location

Highway Access Yes
Utilities to Site Yes

Units

Unit Mix 1 x 3BR/2BA, 1 x 2BR/1BA, 1 x studio
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $15,143

Amenities

garage
workshop
laundry facilities

Building Details

Building Size 2,524 SF
Year Built 1923
Buildings 2
Listing Agency: PREMIER SOTHEBYS INTL REALTY
Listed By: Lisbeth Petersen · License FL #3255667
Source: Elliman
Added: Nov 6 Changed: Nov 11 Last Checked: Nov 10 at 7:32AM

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 PREMIER SOTHEBYS INTL REALTY

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Investment Insights

Based on property information with market context.

Built in 1923, the property has three rental units across two buildings, totaling more than 3,500 square feet on a 6,761-square-foot lot. The front building is a 3-bedroom, 2-bath Craftsman bungalow with refinished heart pine floors, an updated kitchen, formal living and dining rooms, a fireplace, office, sunroom, laundry room, and screened wraparound porch. Behind it, a two-story duplex contains a 2-bedroom, 1-bath apartment upstairs and a studio below. The property also includes a two-bay garage with workshop and storage space, apartment laundry facilities, and off-street parking. Each building has separate water and electric meters.

The rear apartments are accessible from the alley. Major improvements include a main roof replacement in 2021, porch roofs in 2023, main-house air conditioning in 2022, and a water heater in 2018. The property is in Flood Zone X and has a bike score of 66, a walk score of 65, and a transit score of 30.

Key Highlights

  • Three rental units in two buildings: a 3‑bedroom, 2‑bath bungalow, 2‑bedroom, 1‑bath apartment, and studio
  • More than 3,500 square feet of building area on a 6,761‑square‑foot lot
  • Two‑bay garage with workshop and storage, plus off‑street parking

Property Analytics

Lease Details

3
Residential units
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

794
Businesses Nearby

Demographics for 33704, FL

16,031
Population
9,037
Households
1.8
Avg Household Size
46
Median Age
58%
College-Educated
98%
High-School Grad
3.4 sq mi
ZIP Area
4,715
Density / Sq Mi
$102,647
Median Household Income
$63,803
Median Earnings
$1,398
Median Rent
$657,400
Median Home Value

Market

Average Price Trend$/SF for Multifamily properties in St Petersburg, FL

$334 Jul
$351 Aug
$357 Sep
$353 Oct

Properties on Market for Multifamily properties in St Petersburg

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Three rental units span a front Craftsman home and a detached rear duplex, with separate water and electric meters for each building.
Where is this multifamily property located?
The property is located at 1016 24TH N St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Three rental units in two buildings: a 3‑bedroom, 2‑bath bungalow, 2‑bedroom, 1‑bath apartment, and studio; More than 3,500 square feet of building area on a 6,761‑square‑foot lot; Two‑bay garage with workshop and storage, plus off‑street parking
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