Building Details

Building Size 940 SF

Year Built 1966

Stories 1

Listed By: Leah Albright Show Phone

Source: Elliman

Added: Nov 28, 2025 Changed: Oct 8 Last Checked: Oct 11 at 8:00AM

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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 Leah Albright

Investment Insights

Based on property information with market context.

A multifamily property is available for purchase in St. Petersburg, Florida. The property is listed for $249,000.

Key Highlights

• YearBuilt: 1966
• Description: $11

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$8,645

Cap Rate

4.37%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$172,900 $172.9K

Cap Rate 7%

$123,500 $123.5K

Cap Rate 9%

$96,056 $96.1K

Market Conditions

NOI Build-Up for 940 SF

Gross rent

$16.9K $18.00/SF

− Vacancy

−$1.2K −$1.28/SF

EGI

$15.7K $16.72/SF

− OpEx

−$7.1K −$7.52/SF

NOI

$8.6K $9.20/SF

Area

Pinellas County, FL

Vacancy

7.10%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$172,900

Cap Rate 7%

$123,500

Cap Rate 9%

$96,056

Alternative Uses

Best Use

Apartment 5plus

$123.5K

$108.1K – $144.1K (±1% cap)

NOI $8,645 @ 7.0% cap · market cap 4.37%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$244.5K

$213.9K – $285.3K (±1% cap)

NOI $17,115 @ 7.0% cap · market cap 8.64%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Parking Lot & Garage Daycare Center HVAC Service Catering Service (Bike/Boat/Book/etc) 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.

Location Intelligence

Trade Area within ½ mile

1,402

Businesses Nearby

Explore this area Business Placement

Demographics for 33702, FL

29,996

Population

16,240

Households

1.8

Avg Household Size

44

Median Age

38%

College-Educated

91%

High-School Grad

10.4 sq mi

ZIP Area

2,884

Density / Sq Mi

$65,503

Median Household Income

$43,860

Median Earnings

$1,369

Median Rent

$293,700

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - Multifamily property for sale in St. Petersburg, Florida.

Where is this apartment building located?

The property is located at 144 AMERICANA NE 218 St Petersburg, FL.

What is the asking price?

The asking price for this property is $198,000.

What are key features of this property?

This property features: YearBuilt: 1966; Description: $11