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Downtown Studio Apartment Building
For Sale
Contact for pricing
Pending

425 2nd St N, St Petersburg, FL 33701

A 22-unit multifamily property built in 1956 featuring two studio floorplans and on-site laundry.

Property SizeContact for details
Days on Market117

Property Features for 425 2nd St N

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 22

Building Details

Year Built 1956
Listing Agency: JLL - Tampa, Florida
Listed By: Joe Thavis · License #FL 3413769
Source: Crexi
Added: Apr 12 Changed: Jul 20 Last Checked: Aug 5 at 7:52AM

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 JLL - Tampa, Florida

Investment Insights

Based on property information with market context.

Park Plaza is a 22-unit multifamily building built in 1956. The property offers a mix of two unique studio floorplans and includes an on-site laundry facility for residents.

Located in the core of Downtown St. Petersburg, the building is described as having an 88 walk score. The area is noted for walkability to nightlife, restaurants, cinema, shopping, two Publix Supermarkets, Saturday morning farmers markets, and the St. Pete Pier.

This asset is positioned as a strong-value add opportunity per the seller’s remarks, with unit mix and on-site amenities forming the basis of the current rental setup.

Key Highlights

  • 22‑unit multifamily property built in 1956
  • Unit mix includes two unique studio floorplan types
  • On‑site laundry facility

Property Analytics

Current Use

Park Plaza Apartments Apartment Building Satoshi Hideout Main Vacation Rental Satoshi Hideout Park Hotel & Motel Boat & Yacht Survey ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Restaurant Auto Parts Store Locksmith Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

22
Residential units

Location Intelligence

Trade Area within ½ mile

5,228
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - A 22-unit multifamily property built in 1956 featuring two studio floorplans and on-site laundry.
Where is this apartment building located?
The property is located at 425 2nd St N St Petersburg, FL.
What are key features of this property?
This property features: 22‑unit multifamily property built in 1956; Unit mix includes two unique studio floorplan types; On‑site laundry facility
(303) 525-8133 Call to check price and availability
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