Renovated Condo in Multifamily
1860 MASSACHUSETTS Avenue NE St Petersburg, FL 33703
For Sale
$144,999
Pending
MULTI_FAMILY - ST PETERSBURG, FL
Property Size610 SF
Lot Size3.08 Acres
Days on Market731
Property Features for 1860 MASSACHUSETTS Avenue NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Property condition
- Under Construction
- Bedrooms
- 1
- Bathrooms
- 1
- Rooms
- Bedroom 1, Bathroom 1
- Pets allowed
- Dogs OK, Cats OK
- Interior features
- Thermostat, Walk-In Closet(s)
- Exterior features
- Balcony
- Appliances
- Dishwasher, Disposal, Microwave, Range, Refrigerator
- Standard status
- Pending
- APN
- 04-31-17-74075-000-2140
- Size
- 610 SF
- Lot size
- 3.08 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- REGENCY CONDO, THE UNIT 214
- Tax Annual Amount
- 367
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
- Water front features
- Lake Front
- Water front
- 1
Building Details
- Year built
- 1974
- Floors in Building
- 1
- Flooring type
- Tile - Ceramic
- Building materials
- Block
Listing Agency:
BEYCOME OF FLORIDA LLC
(804) 656-5007
Listed By:
Steven Koleno · License #3469487
(804) 656-5007
Added: Jul 24, 2024
Changed: Jul 22
Last Checked: Jul 24 at 4:06AM
MLS# O6226609
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This renovated condo offers an updated interior with a master bedroom that includes a large closet and a renovated bathroom with a tiled shower and vanity with storage. Residents also have access to a pool overlooking the lake, a common leisure lounge with a restroom, secure bicycle storage, and a laundry facility on every floor. The building is equipped with a high-tech security system with cameras covering the entire property, and includes an elevator. The condo comes with one reserved assigned parking lot space, with additional parking available.
The property is located at 1860 Massachusetts Avenue NE in St. Petersburg, situated between Shoreacres and Snell Isle. The remarks note the community is investor friendly and all-age, and that there are no years to own prior to lease.
HOA fees cover water, sewer, trash, building insurance, building flood insurance, and maintenance. The building passed the milestone structural inspection phase I, and a structural integrity reserve study has been completed.
The property is located at 1860 Massachusetts Avenue NE in St. Petersburg, situated between Shoreacres and Snell Isle. The remarks note the community is investor friendly and all-age, and that there are no years to own prior to lease.
HOA fees cover water, sewer, trash, building insurance, building flood insurance, and maintenance. The building passed the milestone structural inspection phase I, and a structural integrity reserve study has been completed.
Key Highlights
- Lakefront condo with balcony
- Renovated interior features include tile flooring, walk‑in closet, and thermostat
- Kitchen includes dishwasher, disposal, microwave, range, and refrigerator
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $10.9k | $17.88 |
| − Vacancy | −$735 | −$1.21 |
| EGI | $10.2k | $16.67 |
| − OpEx | −$3.1k | −$5.00 |
| NOI | $7.1k | $11.67 |
610 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$101.7K
$89.0K – $118.7K
NOI $7,120 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$80.1K
$70.1K – $93.5K
NOI $5,610 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$158.7K
$138.8K – $185.1K
NOI $11,107 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Renovated condo with elevator, on-site laundry, and secure amenities, plus a reserved assigned parking spot.
Where is this duplex located?
The property is located at 1860 MASSACHUSETTS Avenue NE St Petersburg, FL.
What is the asking price?
The asking price for this property is $144,999.
What are key features of this property?
This property features: Lakefront condo with balcony; Renovated interior features include tile flooring, walk‑in closet, and thermostat; Kitchen includes dishwasher, disposal, microwave, range, and refrigerator
