Saint Petersburg Triplex For
5200 3RD S AVENUE St Petersburg, FL 33707
5200 3RD S AVENUE, St Petersburg, FL, 33707
$690,000
For Sale
$690,000
Charming triplex in a vibrant Saint Petersburg neighborhood.
Property Size2,288 SF
Price / SF$301.57
Days on Market441
Property Features for 5200 3RD S AVENUE
General Information
- Standard status
- Active
- Size
- 2,288 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1925
Listing Agency
VINE REAL ESTATE ADVISORS
(813) 833-4396
Listed by
Robert Washington · License #3409997
(813) 833-4396
Source
Exitrealty
Added: May 3, 2025 Checked: Jul 16 at 3:07 am
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 VINE REAL ESTATE ADVISORS
Investment Insights
Based on property information with market context.
Located in Saint Petersburg, this triplex presents an investment opportunity or multi-generational living option. The property features a main detached house with three bedrooms and one bathroom, characterized by an open layout and natural light. Additionally, there is a two-story rear building containing two separate units, each with two bedrooms and one bathroom. These units are designed for modern living, offering flexibility for tenants, extended family, or short-term rentals, with independent access and cozy layouts. The property is situated minutes from downtown shops, restaurants, and cultural attractions, with proximity to parks, beaches, and transit options. The triplex offers multiple income streams or the opportunity to live in one unit while renting the others. Additional features include off-street parking, updated systems, and low-maintenance landscaping. Each unit is equipped with essential appliances and offers private outdoor space. The property size is 2288 square feet.
Key Highlights
- Prime location in a sought‑after Saint Petersburg neighborhood, close to downtown shops, restaurants, cultural attractions, parks, beaches, and transit.
- Triplex with three distinct units offering multiple income streams or owner‑occupancy with rental income.
- Main front house: Spacious 3‑bedroom, 1‑bath home with private yard.
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 | $40.9k | $17.88 |
| − Vacancy | −$2.8k | −$1.21 |
| EGI | $38.2k | $16.67 |
| − OpEx | −$11.4k | −$5.00 |
| NOI | $26.7k | $11.67 |
2,288 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$381.5K
$333.8K – $445.1K
NOI $26,707 @ 7.0% cap · market cap 3.87%
Second Best
Apartment 5plus
$300.6K
$263.0K – $350.7K
NOI $21,043 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$595.1K
$520.7K – $694.3K
NOI $41,659 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Charming triplex in a vibrant Saint Petersburg neighborhood.
Where is this triplex located?
The property is located at 5200 3RD S AVENUE St Petersburg, FL.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Prime location in a sought‑after Saint Petersburg neighborhood, close to downtown shops, restaurants, cultural attractions, parks, beaches, and transit.; Triplex with three distinct units offering multiple income streams or owner‑occupancy with rental income.; Main front house: Spacious 3‑bedroom, 1‑bath home with private yard.
