St. Petersburg Apartment Building For
1185 58TH STREET N, St Petersburg, FL 33710
For Sale
$3,600,000
18-unit apartment building in central St. Petersburg location.
Property Size13,183 SF
Lot Size0.50 Acres
Price / SF$273.08
Days on Market470
Property Features for 1185 58TH STREET N
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
Central air
Pool
Public Pool
Sidewalk
Built-Up Roof
Central Air Cooling
Central Heating
Neighbourhood
Parking Spaces - 19 to 30
Paved
Street Lights
Building Details
Year Built
Listing Agency:
KAZBO REAL ESTATE COMPANY
(727) 822-5577
Listed By:
AL BOBELIS
Source:
Corcoran
Added: Jul 31, 2025
Changed: Aug 8
Last Checked: Apr 29 at 11:33AM
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 KAZBO REAL ESTATE COMPANY
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Investment Insights
Based on property information with market context.
This 18-unit, 3-story apartment building features an elevator and is situated in a central St. Petersburg location, across the street from Tyrone Garden Shopping Center and Winn Dixie. The property includes sixteen 1-bedroom, 1-bathroom units and two 2-bedroom, 1-bathroom units, all equipped with central AC and heat. Each unit features either a balcony or a ground floor patio. The property caters to long-term tenants, and each apartment is separately metered for electric. An on-site laundry room is available for tenant use. The property also includes a large, off-street 24-space parking lot and an aluminum garage/workshop building measuring 12x24.
Key Highlights
- Excellent central St Petersburg location across from Tyrone Garden Shopping Center/Winn Dixie.
- 18‑unit apartment building with elevator.
- (16) 1‑Bedroom and (2) 2‑Bedroom units, all with Central AC/Heat.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$143,070
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,861,400
$2.9M
Cap Rate 7%
$2,043,857
$2.0M
Cap Rate 9%
$1,589,667
$1.6M
Market Conditions
NOI Build-Up for 13,183 SF
Gross rent
$280.0K $21.24/SF
− Vacancy
−$19.9K −$1.51/SF
EGI
$260.1K $19.73/SF
− OpEx
−$117.1K −$8.88/SF
NOI
$143.1K $10.85/SF
Area
Pinellas County, FL
Vacancy
7.10%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,861,400
Cap Rate 7%
$2,043,857
Cap Rate 9%
$1,589,667
Alternative Uses
Best Use
Apartment 5plus
$2.04M
$1.79M – $2.38M
NOI $143,070 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.43M
$3.00M – $4.00M
NOI $240,030 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
414
Businesses Nearby
Explore this area
Business Placement
Demographics for 33710, FL
33,172
Population
16,767
Households
2
Avg Household Size
47
Median Age
37%
College-Educated
93%
High-School Grad
8.0 sq mi
ZIP Area
4,147
Density / Sq Mi
$76,908
Median Household Income
$46,520
Median Earnings
$1,577
Median Rent
$312,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in St Petersburg, FL
Properties on Market for Apartment buildings in St Petersburg
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - 18-unit apartment building in central St. Petersburg location.
Where is this apartment building located?
The property is located at 1185 58TH STREET N St Petersburg, FL.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Excellent central St Petersburg location across from Tyrone Garden Shopping Center/Winn Dixie.; 18‑unit apartment building with elevator.; (16) 1‑Bedroom and (2) 2‑Bedroom units, all with Central AC/Heat.
