Renovated 4-Unit
For Sale
$599,999
1033 19TH Avenue S, St Petersburg, FL 33705
Residential Income, ST PETERSBURG, FL
Property Size2,892 SF
Lot Size0.15 Acres
Price / SF$207.47
Days on Market157
Property Features for 1033 19TH Avenue S
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 4, Bathroom 4, Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 5, Bedroom 8, Bedroom 7, Bathroom 2, Bedroom 6, Bedroom 1
Interior features
Ceiling Fans(s)
Exterior features
Fence, Lighting, Private Entrance, Private Mailbox, Sidewalk
Fencing
Fenced
Subdivision
CROMWELL HEIGHTS
Directions
Take 9th Street / MLK Street South from Central Ave to 19th Ave S, turn right on 19th Ave S to address on right side.
Standard status
Active
APN
25-31-16-19350-002-0120
Size
2,892 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CROMWELL HEIGHTS BLK B, LOT 12
Tax Annual Amount
6578
Legal Description
CROMWELL HEIGHTS BLK B, LOT 12
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
fully fenced yard
Building Details
Year built
1925
Building materials
Brick
Roof type
Shingle
Listing Agency:
KELLER WILLIAMS SOUTH TAMPA · Keller Williams Realty
(813) 875-3700
Listed By:
Aldo Delacruz · License #3324423
(813) 505-3625
Added: Apr 29
Changed: Oct 2
Last Checked: Oct 2 at 4:06AM
MLS# TB8503357
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 two-story, 2,892-square-foot quadplex contains four matching apartments, each with two bedrooms and one bathroom. The building was constructed in 1925 and renovated in 2025. Brick construction, a shingle roof, window-unit cooling, and ductless heating are among its physical features. The 0.15-acre parcel has a fenced yard and parking areas at the front and rear.
The property is in St. Petersburg, minutes from downtown, with access to I-275. Public water and sewer serve the site.
The property is in St. Petersburg, minutes from downtown, with access to I-275. Public water and sewer serve the site.
Key Highlights
- Four apartments, each with 2 bedrooms and 1 bathroom
- 2,892‑square‑foot building on 0.15 acres
- Two‑story layout with two residences on each floor
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
5.63%
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 5.63%
Second Best
Apartment 5plus
$380.0K
$332.5K – $443.3K
NOI $26,598 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$752.2K
$658.2K – $877.6K
NOI $52,656 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Four two-bedroom residences are arranged across two levels, with parking available at both the front and rear.
Where is this quadplex located?
The property is located at 1033 19TH Avenue S St Petersburg, FL.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: Four apartments, each with 2 bedrooms and 1 bathroom; 2,892‑square‑foot building on 0.15 acres; Two‑story layout with two residences on each floor
