Well-Maintained
1029 26TH N AVENUE St Petersburg, FL 33704
1029 26TH N AVENUE, St Petersburg, FL, 33704
$900,000
For Sale
$900,000
Four-unit quadruplex with separate electric and water meters, with tenant responsibility for utilities.
Property Size2,843 SF
Price / SF$316.57
Days on Market554
Property Features for 1029 26TH N AVENUE
General Information
- Standard status
- Active
- Size
- 2,843 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1928
Listing agency
COLDWELL BANKER FIGREY&SONRES
(727) 222-9829
Listed by
Tim Diesel, PA · License #3275749
(727) 222-9829
Source
Exitrealty
Added: Jan 14, 2025 Updated: Jul 20 at 7:28PM Checked: Jul 21 at 4:11AM
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 COLDWELL BANKER FIGREY&SONRES
Investment Insights
Based on property information with market context.
This well-maintained quadruplex features four units designed for residential income. Each unit has separate utility metering, with electric and water meters in place for tenant billing. Tenants are responsible for their own utilities, supporting straightforward expense allocation.
Located in St. Petersburg, Florida, the property offers a simple four-unit configuration within a multifamily setting. All electric utilities and separate water metering are specifically noted, which can be helpful for buyers evaluating unit-level operational structure.
The building is presented as a turn-key investment opportunity with four spacious units and separate metering in place across the property.
Located in St. Petersburg, Florida, the property offers a simple four-unit configuration within a multifamily setting. All electric utilities and separate water metering are specifically noted, which can be helpful for buyers evaluating unit-level operational structure.
The building is presented as a turn-key investment opportunity with four spacious units and separate metering in place across the property.
Key Highlights
- 1928‑built four‑unit quadruplex in St. Petersburg, Florida.
- Four spacious units in a well‑maintained quadruplex.
- Separate electric meters for each unit; tenants are responsible for electric.
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 | $50.8k | $17.88 |
| − Vacancy | −$3.4k | −$1.21 |
| EGI | $47.4k | $16.67 |
| − OpEx | −$14.2k | −$5.00 |
| NOI | $33.2k | $11.67 |
2,843 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$474.1K
$414.8K – $553.1K
NOI $33,185 @ 7.0% cap · market cap 3.69%
Second Best
Apartment 5plus
$373.5K
$326.8K – $435.8K
NOI $26,147 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$739.5K
$647.1K – $862.7K
NOI $51,764 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit quadruplex with separate electric and water meters, with tenant responsibility for utilities.
Where is this quadplex located?
The property is located at 1029 26TH N AVENUE St Petersburg, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 1928‑built four‑unit quadruplex in St. Petersburg, Florida.; Four spacious units in a well‑maintained quadruplex.; Separate electric meters for each unit; tenants are responsible for electric.
