Renovated Triplex Near Downtown St.
1205 HIGHLAND STREET S St Petersburg, FL 33701
1205 HIGHLAND STREET S, St Petersburg, FL, 33701
$645,000
For Sale
$645,000
Triplex - ST PETERSBURG, FL
Property Size1,790 SF
Lot Size0.23 Acres
Price / SF$360.34
Days on Market192
Property Features for 1205 HIGHLAND STREET S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Bedrooms
- 3
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3
- Parking features
- Driveway, Off Street
- Pets allowed
- Yes
- Interior features
- Ceiling Fans(s), Eat-in Kitchen, Open Floorplan
- Appliances
- Range, Refrigerator
- Standard status
- Active
- APN
- 30-31-17-41364-000-0030
- Size
- 1,790 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 8109
Utilities
- Heating system
- Central
- Cooling system
- Central Air, Ductless, Multi Units
Building Details
- Year built
- 1928
- Number of units
- 3
- Flooring type
- Tile, Vinyl
- Building materials
- Frame, Stucco
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
REAL BROKER, LLC
(863) 206-5755
122 W Pine St, Ste 300, Winter Haven, FL
Listed by
D.J. Bryant · License #3415242
(863) 206-5755
Added: Jan 6 Checked: Jul 17 at 6:06 am
MLS# A4677248
Listing URL
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.
Located in the Roser Park neighborhood, just 5 minutes from Downtown St. Pete, this triplex presents an investment opportunity. The property, fully renovated in 2023, includes a single-family bungalow and a detached two-story duplex. The single-family home at the front of the property features 3 bedrooms and 2 bathrooms, a full-size laundry room with extra storage space, and a fenced backyard. Behind the single-family home, the two-story duplex houses two studio-style units, each with 1 bathroom and access to a shared fenced yard. Both structures were renovated in 2023. The property provides ample off-street parking and alley access. The property is suited for generating passive income, whether by living in one unit and renting the others or leasing all three. The property is currently rented and professionally managed. Situated less than 5 minutes from Downtown St. Pete and under 30 minutes from both Downtown Tampa and the Gulf Beaches, the location offers convenient access to lifestyle amenities, ensuring consistent demand and easy leasing. The lot size is 0.23 acres and the property size is 1790 square feet.
Key Highlights
- Excellent cash‑flowing investment opportunity with three units for strong passive income.
- Fully renovated in 2023, ensuring peace of mind and easy upkeep.
- Prime location: 5 minutes from Downtown St. Pete, under 30 minutes to Downtown Tampa and Gulf Beaches.
Local 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 | $32.0k | $17.88 |
| − Vacancy | −$2.2k | −$1.21 |
| EGI | $29.8k | $16.67 |
| − OpEx | −$9.0k | −$5.00 |
| NOI | $20.9k | $11.67 |
1,790 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$298.5K
$261.2K – $348.2K
NOI $20,894 @ 7.0% cap · market cap 3.24%
Second Best
Apartment 5plus
$235.2K
$205.8K – $274.4K
NOI $16,463 @ 7.0% cap · market cap 2.55%
Theoretical Best
Office A
$465.6K
$407.4K – $543.2K
NOI $32,592 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Fully renovated triplex in Roser Park, near downtown St. Pete.
Where is this triplex located?
The property is located at 1205 HIGHLAND STREET S St Petersburg, FL.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Excellent cash‑flowing investment opportunity with three units for strong passive income.; Fully renovated in 2023, ensuring peace of mind and easy upkeep.; Prime location: 5 minutes from Downtown St. Pete, under 30 minutes to Downtown Tampa and Gulf Beaches.
