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Updated Triplex with Studio

1500 30TH N, St Petersburg, FL 33704

For Sale
$579,000

Three-unit property with corner-lot parking, alley access, and shared tenant storage.

Property Size1,944 SF
Days on Market68

Property Features for 1500 30TH N

General Information

Standard status Active
Size 1,944 SF
Property subtype Investment

Units

Unit Mix 2 x 1BR/1BA, 1 x studio
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $7,996

Amenities

covered front porch
on-site parking
shared tenant storage space
washer and dryer hookups

Building Details

Building Size 1,944 SF
Year Built 1949
Units 3
Construction block
Listing Agency: EXP REALTY LLC
Listed By: Maria Crespo · License FL #3259788
Source: Elliman
Added: Sep 4 Changed: Nov 2 Last Checked: Nov 8 at 7:25AM

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 EXP REALTY LLC

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Investment Insights

Based on property information with market context.

This triplex includes two front one-bedroom, one-bath apartments and a rear studio with a combined living and sleeping area, eat-in kitchen, and full bathroom. The front residences retain period details including coved ceilings and arched doorways, with hardwood flooring in one unit and ceramic tile in the other. Updates since 2019 include remodeled kitchens, newer appliances, updated windows, fresh paint, and washer and dryer hookups. HVAC was replaced in 2017.

The rear apartment has alley access, while the property also provides on-site parking and shared storage in the remaining garage area. Built in 1949, the block-construction property occupies a corner lot at 1500 30TH N in St. Petersburg, near downtown, restaurants, shopping, entertainment, Tampa Bay, and Gulf beaches.

Key Highlights

  • Three‑unit layout with two 1‑bedroom, 1‑bath apartments and one studio
  • Front units feature coved ceilings, arched doorways, and covered porch access
  • Rear studio converted in 2019 with eat‑in kitchen and full bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$22,691
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,820 $453.8K
Cap Rate 7%
$324,157 $324.2K
Cap Rate 9%
$252,122 $252.1K
Market Conditions
NOI Build-Up for 1,944 SF
Gross rent
$34.8K $17.88/SF
− Vacancy
−$2.3K −$1.21/SF
EGI
$32.4K $16.67/SF
− OpEx
−$9.7K −$5.00/SF
NOI
$22.7K $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%
$453,820
Cap Rate 7%
$324,157
Cap Rate 9%
$252,122

Alternative Uses

Best Use
Multifamily LT 5
$324.2K
$283.6K – $378.2K (±1% cap)
NOI $22,691 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$301.4K
$263.7K – $351.6K (±1% cap)
NOI $21,097 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$505.6K
$442.4K – $589.9K (±1% cap)
NOI $35,395 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

777
Businesses Nearby

Demographics for 33704, FL

16,031
Population
9,037
Households
1.8
Avg Household Size
46
Median Age
58%
College-Educated
98%
High-School Grad
3.4 sq mi
ZIP Area
4,715
Density / Sq Mi
$102,647
Median Household Income
$63,803
Median Earnings
$1,398
Median Rent
$657,400
Median Home Value

Market

Average Price Trend$/SF for Triplexes in St Petersburg, FL

$376 Jul
$335 Aug
$368 Sep
$362 Oct

Properties on Market for Triplexes in St Petersburg

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Three-unit property with corner-lot parking, alley access, and shared tenant storage.
Where is this triplex located?
The property is located at 1500 30TH N St Petersburg, FL.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Three‑unit layout with two 1‑bedroom, 1‑bath apartments and one studio; Front units feature coved ceilings, arched doorways, and covered porch access; Rear studio converted in 2019 with eat‑in kitchen and full bathroom
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