Renovated Triplex with Detached
For Sale
$789,000
127 17TH AVE S, St Petersburg, FL 33701
Three-unit property with updated interiors, private balconies, and parking for four vehicles.
Property Size2,276 SF
Days on Market236
Property Features for 127 17TH AVE S
General Information
Standard status
Active
Size
2,276 SF
Total Parking Spaces
4
Property subtype
Triplex
Units
Unit Mix
1 x 3BR/2BA, 2 x 1BR/1BA
Multifamily Units
3
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$12,896
Amenities
private back patio
laundry area
private balcony
enclosed front porch
Building Details
Building Size
2,276 SF
Year Built
1920
Listing Agency:
CHARLES RUTENBERG REALTY INC
Listed By:
Curtis Rudolph · License #261547848
(813) 240-6054
Source:
Judibeck
Added: Mar 13
Changed: Oct 31
Last Checked: Nov 3 at 12:31PM
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 CHARLES RUTENBERG REALTY INC
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Investment Insights
Based on property information with market context.
Built in 1920, this renovated triplex contains a three-bedroom, two-bath main residence with an office, enclosed air-conditioned porch, and private back patio. The upper level adds two separate one-bedroom, one-bath apartments, each with a living room and private balcony. Updated features include impact windows and doors installed in 2023, a 2015 roof, luxury vinyl flooring, refreshed kitchens and bathrooms, and tankless water heaters.
The detached 23' x 22' garage has alley access and may be configured into two additional rentable spaces, subject to applicable requirements. Street and alley access provide parking for 4 vehicles, while an accessible laundry area supports the three-unit layout. The property is in Old Southeast near downtown St. Petersburg, Lassing Park, and Tampa Bay, and is not located in a flood zone.
The detached 23' x 22' garage has alley access and may be configured into two additional rentable spaces, subject to applicable requirements. Street and alley access provide parking for 4 vehicles, while an accessible laundry area supports the three-unit layout. The property is in Old Southeast near downtown St. Petersburg, Lassing Park, and Tampa Bay, and is not located in a flood zone.
Key Highlights
- Three‑unit configuration with one 3BR/2BA residence and two 1BR/1BA apartments
- Impact windows and doors installed in 2023; roof replaced in 2015
- Detached 23' x 22' garage with alley entrance and potential for two rentable spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,566
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$531,320
$531.3K
Cap Rate 7%
$379,514
$379.5K
Cap Rate 9%
$295,178
$295.2K
Market Conditions
NOI Build-Up for 2,276 SF
Gross rent
$40.7K $17.88/SF
− Vacancy
−$2.7K −$1.21/SF
EGI
$38.0K $16.67/SF
− OpEx
−$11.4K −$5.00/SF
NOI
$26.6K $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%
$531,320
Cap Rate 7%
$379,514
Cap Rate 9%
$295,178
Alternative Uses
Best Use
Multifamily LT 5
$379.5K
$332.1K – $442.8K
NOI $26,566 @ 7.0% cap · market cap 3.37%
Second Best
Apartment 5plus
$299.0K
$261.7K – $348.9K
NOI $20,933 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$592.0K
$518.0K – $690.7K
NOI $41,440 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
693
Businesses Nearby
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Business Placement
Demographics for 33701, FL
19,137
Population
13,434
Households
1.4
Avg Household Size
48
Median Age
55%
College-Educated
96%
High-School Grad
2.7 sq mi
ZIP Area
7,088
Density / Sq Mi
$69,098
Median Household Income
$48,072
Median Earnings
$1,531
Median Rent
$590,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with updated interiors, private balconies, and parking for four vehicles.
Where is this triplex located?
The property is located at 127 17TH AVE S St Petersburg, FL.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: Three‑unit configuration with one 3BR/2BA residence and two 1BR/1BA apartments; Impact windows and doors installed in 2023; roof replaced in 2015; Detached 23' x 22' garage with alley entrance and potential for two rentable spaces
