Historic Craftsman
For Sale
$750,000
1846 2ND AVE N, St Petersburg, FL 33713
Four residential units feature central A/C, separate electric and gas metering, and updated exterior improvements.
Property Size2,622 SF
Days on Market242
Property Features for 1846 2ND AVE N
General Information
Standard status
Active
Size
2,622 SF
Property subtype
Quadruplex
Taxes and HOA fees
Annual Taxes
$6,855
Building Details
Building Size
2,622 SF
Year Built
1921
Listing Agency:
SEXAUER REAL ESTATE INTL.
Listed By:
Steve Sexauer · License #3309334
(727) 637-7292
Source:
Judibeck
Added: Feb 14
Changed: Oct 5
Last Checked: Oct 13 at 3:53AM
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 SEXAUER REAL ESTATE INTL.
Investment Insights
Based on property information with market context.
Built in 1921, this Craftsman quadplex at 1846 2nd Ave N contains 2,622 square feet across four units: three one-bedroom, one-bath residences and one three-bedroom, one-bath residence. The property includes a 2-car garage, new impact windows, new premium vinyl siding, and central A/C serving every unit. Electricity and gas are separately metered by residence, while the landlord pays for water.
The building occupies a 60x80 lot in Historic Kenwood, with Grand Central District, the Edge District, and Downtown St. Petersburg within walking or biking distance. Additional nearby destinations named in the property information include Central Avenue dining, breweries, museums, waterfront parks, and nightlife. The site is in Flood Zone X, identified as a non-evacuation zone, and carries Multi-Family zoning for 10 units or less.
The building occupies a 60x80 lot in Historic Kenwood, with Grand Central District, the Edge District, and Downtown St. Petersburg within walking or biking distance. Additional nearby destinations named in the property information include Central Avenue dining, breweries, museums, waterfront parks, and nightlife. The site is in Flood Zone X, identified as a non-evacuation zone, and carries Multi-Family zoning for 10 units or less.
Key Highlights
- 2,622‑square‑foot quadplex built in 1921
- Unit mix includes 3 one‑bedroom/one‑bath units and 1 three‑bedroom/one‑bath unit
- New impact windows and premium vinyl siding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,605
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,100
$612.1K
Cap Rate 7%
$437,214
$437.2K
Cap Rate 9%
$340,056
$340.1K
Market Conditions
NOI Build-Up for 2,622 SF
Gross rent
$46.9K $17.88/SF
− Vacancy
−$3.2K −$1.21/SF
EGI
$43.7K $16.67/SF
− OpEx
−$13.1K −$5.00/SF
NOI
$30.6K $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%
$612,100
Cap Rate 7%
$437,214
Cap Rate 9%
$340,056
Alternative Uses
Best Use
Multifamily LT 5
$437.2K
$382.6K – $510.1K
NOI $30,605 @ 7.0% cap · market cap 4.08%
Second Best
Apartment 5plus
$344.5K
$301.4K – $401.9K
NOI $24,115 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$682.0K
$596.8K – $795.7K
NOI $47,740 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,723
Businesses Nearby
Explore this area
Business Placement
Demographics for 33713, FL
31,321
Population
16,192
Households
1.9
Avg Household Size
42
Median Age
35%
College-Educated
91%
High-School Grad
6.5 sq mi
ZIP Area
4,819
Density / Sq Mi
$69,704
Median Household Income
$43,282
Median Earnings
$1,387
Median Rent
$279,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units feature central A/C, separate electric and gas metering, and updated exterior improvements.
Where is this quadplex located?
The property is located at 1846 2ND AVE N St Petersburg, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2,622‑square‑foot quadplex built in 1921; Unit mix includes 3 one‑bedroom/one‑bath units and 1 three‑bedroom/one‑bath unit; New impact windows and premium vinyl siding
