Renovated 4-Unit
1230 70TH ST N, St Petersburg, FL 33710
For Sale
$940,000
Four residences share on-site laundry, a landscaped courtyard, and dedicated off-street parking.
Property Size3,232 SF
Price / SF$290.84
Days on Market137
Property Features for 1230 70TH ST N
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
REALTY ON THE BAY LLC
Listed By:
Tison Velez · License #3379765
(813) 356-8565
Source:
Shore2bay
Added: Jun 26
Changed: Nov 7
Last Checked: Nov 8 at 1:44PM
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 REALTY ON THE BAY LLC
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Investment Insights
Based on property information with market context.
This 1968-built quadplex contains four updated units totaling 3,232 square feet. Improvements include newer water heaters, updated flooring, fresh interior paint, and additional interior upgrades. Units 2 and 3 received new A/C systems in 2025, and the roof was replaced in 2016. Two units have private patios, and an on-site laundry facility is equipped with coin-operated commercial washers and dryers.
The property is in St. Petersburg, Florida, along the Pinellas Trail and minutes from Tyrone Square Mall, Azalea Recreation Center, Alt. US-19, and Treasure Island beaches. Each residence has assigned off-street parking, with eight spaces in total. Electric service is individually metered for all four units.
Outdoor features include a shared courtyard with a French drain system and river rock landscaping. Select units have a primary suite with an en-suite bathroom, tiled walk-in shower, and walk-in closets with built-in shelving.
The property is in St. Petersburg, Florida, along the Pinellas Trail and minutes from Tyrone Square Mall, Azalea Recreation Center, Alt. US-19, and Treasure Island beaches. Each residence has assigned off-street parking, with eight spaces in total. Electric service is individually metered for all four units.
Outdoor features include a shared courtyard with a French drain system and river rock landscaping. Select units have a primary suite with an en-suite bathroom, tiled walk-in shower, and walk-in closets with built-in shelving.
Key Highlights
- Four‑unit property with 3,232 square feet; built in 1968
- Units 2 and 3 received new A/C systems in 2025; roof replaced in 2016
- Eight off‑street parking spaces, with two assigned to each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,725
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$754,500
$754.5K
Cap Rate 7%
$538,929
$538.9K
Cap Rate 9%
$419,167
$419.2K
Market Conditions
NOI Build-Up for 3,232 SF
Gross rent
$57.8K $17.88/SF
− Vacancy
−$3.9K −$1.21/SF
EGI
$53.9K $16.67/SF
− OpEx
−$16.2K −$5.00/SF
NOI
$37.7K $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 Rate 5%
$754,500
Cap Rate 7%
$538,929
Cap Rate 9%
$419,167
Alternative Uses
Best Use
Multifamily LT 5
$538.9K
$471.6K – $628.8K
NOI $37,725 @ 7.0% cap · market cap 4.01%
Second Best
Apartment 5plus
$501.1K
$438.5K – $584.6K
NOI $35,076 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$840.7K
$735.6K – $980.8K
NOI $58,847 @ 7.0% cap · market cap 6.26%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
887
Businesses Nearby
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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
$312,500
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in St Petersburg, FL
Properties on Market for Quadplexes in St Petersburg
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residences share on-site laundry, a landscaped courtyard, and dedicated off-street parking.
Where is this quadplex located?
The property is located at 1230 70TH ST N St Petersburg, FL.
What is the asking price?
The asking price for this property is $940,000.
What are key features of this property?
This property features: Four‑unit property with 3,232 square feet; built in 1968; Units 2 and 3 received new A/C systems in 2025; roof replaced in 2016; Eight off‑street parking spaces, with two assigned to each unit
