Updated Triplex with
For Sale
$595,000
1500 30TH N, St Petersburg, FL 33704
Three-unit property with corner-lot parking, alley access, and shared tenant storage.
Property Size1,944 SF
Days on Market23
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 #3259788
(813) 230-1787
Source:
Elliman
Added: Sep 4
Changed: Sep 24
Last Checked: Sep 24 at 12:08PM
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
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,691
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $22,691 @ 7.0% cap · market cap 3.81%
Second Best
Apartment 5plus
$255.4K
$223.5K – $298.0K
NOI $17,879 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$505.6K
$442.4K – $589.9K
NOI $35,395 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
777
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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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 $595,000.
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
