Updated 4-Unit
For Sale
$624,999
1033 19th Ave S, St Petersburg, FL 33705
Two-story multifamily property with renovated interiors, front and rear parking, and a fully fenced yard.
Property Size2,892 SF
Price / SF$216.11
Days on Market40
Property Features for 1033 19th Ave S
General Information
Standard status
Active
Size
2,892 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$64,800
Highway Access
Yes
Amenities
fenced yard
Building Details
Year Built
1925
Buildings
1
Stories
2
Listing Agency:
KELLER WILLIAMS SOUTH TAMPA
(813) 505-3625
Listed By:
Aldo Delacruz · License #3324423
Source:
Flflourish
Added: Jul 21
Changed: Aug 28
Last Checked: Aug 29 at 12:21PM
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 KELLER WILLIAMS SOUTH TAMPA
Investment Insights
Based on property information with market context.
The property is a two-story quadplex with four matching apartments, each arranged with two bedrooms and one bathroom. The 2,892-square-foot building was renovated in 2025, with refreshed interiors and a newly painted exterior. Two residences occupy each level. Parking is provided in front and behind the building, and the yard is fully fenced.
Located at 1033 19th Ave S in St. Petersburg, Florida 33705, the property sits in a quiet residential neighborhood. Downtown is minutes away, while I-275 provides quick access to surrounding areas. The four similarly configured units, recent renovation work, on-site parking, and fenced yard create a straightforward multifamily property configuration.
Located at 1033 19th Ave S in St. Petersburg, Florida 33705, the property sits in a quiet residential neighborhood. Downtown is minutes away, while I-275 provides quick access to surrounding areas. The four similarly configured units, recent renovation work, on-site parking, and fenced yard create a straightforward multifamily property configuration.
Key Highlights
- Four‑unit quadplex with 2,892 square feet of building area
- Each apartment includes 2 bedrooms and 1 bathroom
- Renovated in 2025 with updated interiors and a freshly painted exterior
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
$33,757
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
5.40%
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%
$675,140
$675.1K
Cap Rate 7%
$482,243
$482.2K
Cap Rate 9%
$375,078
$375.1K
Market Conditions
NOI Build-Up for 2,892 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
$51.7K $17.88/SF
− Vacancy
−$3.5K −$1.21/SF
EGI
$48.2K $16.67/SF
− OpEx
−$14.5K −$5.00/SF
NOI
$33.8K $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%
$675,140
Cap Rate 7%
$482,243
Cap Rate 9%
$375,078
Alternative Uses
Best Use
Multifamily LT 5
$482.2K
$422.0K – $562.6K
NOI $33,757 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$380.0K
$332.5K – $443.3K
NOI $26,598 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$752.2K
$658.2K – $877.6K
NOI $52,656 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
671
Businesses Nearby
Explore this area
Business Placement
Demographics for 33705, FL
27,915
Population
15,171
Households
1.8
Avg Household Size
43
Median Age
36%
College-Educated
92%
High-School Grad
5.6 sq mi
ZIP Area
4,985
Density / Sq Mi
$70,783
Median Household Income
$40,370
Median Earnings
$1,457
Median Rent
$321,500
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?
Quadplex - Two-story multifamily property with renovated interiors, front and rear parking, and a fully fenced yard.
Where is this quadplex located?
The property is located at 1033 19th Ave S St Petersburg, FL.
What is the asking price?
The asking price for this property is $624,999.
What are key features of this property?
This property features: Four‑unit quadplex with 2,892 square feet of building area; Each apartment includes 2 bedrooms and 1 bathroom; Renovated in 2025 with updated interiors and a freshly painted exterior
