Five-Unit Multifamily
New
For Sale
$899,000
2001 2ND STREET S, St Petersburg, FL 33705
Two buildings offer a mix of apartments and studios, with shared laundry and outdoor courtyard space.
Property Size2,768 SF
Price / SF$324.78
Days on Market7
Property Features for 2001 2ND STREET S
General Information
Standard status
Active
Size
2,768 SF
Property subtype
Quadruplex
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA, 2 x studio
Multifamily Units
5
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Amenities
shared laundry facilities
private patios
garden courtyard
Building Details
Year Built
1950
Buildings
2
Listing Agency:
KELLER WILLIAMS ST PETE REALTY
(727) 894-1600
Listed By:
Sean Sandifer · License #3577683
(217) 343-7365
Source:
Dennisrealty
Added: Oct 28
Changed: Nov 1
Last Checked: Nov 1 at 5:01AM
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 KELLER WILLIAMS ST PETE REALTY
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Investment Insights
Based on property information with market context.
This 1950-built multifamily property contains five units across two separate buildings. The unit mix includes two 2-bedroom/1-bathroom residences, one 1-bedroom/1-bathroom residence and two studios. A garden courtyard sits between the buildings, select units have private patios, and shared laundry facilities serve the property.
Four units operate as traditional rentals, while the fifth has an established Airbnb rental history. The property is next to Lassing Park and Tampa Bay, with downtown St. Petersburg a short bike ride away. Waterfront parks, restaurants, museums, shopping, nightlife and the St. Pete Pier are also identified in the surrounding area.
Four units operate as traditional rentals, while the fifth has an established Airbnb rental history. The property is next to Lassing Park and Tampa Bay, with downtown St. Petersburg a short bike ride away. Waterfront parks, restaurants, museums, shopping, nightlife and the St. Pete Pier are also identified in the surrounding area.
Key Highlights
- Five units across two buildings
- Unit mix: two 2‑bedroom/1‑bathroom units, one 1‑bedroom/1‑bathroom unit and two studios
- 1950 construction year
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,458
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,160
$509.2K
Cap Rate 7%
$363,686
$363.7K
Cap Rate 9%
$282,867
$282.9K
Market Conditions
NOI Build-Up for 2,768 SF
Gross rent
$49.8K $18.00/SF
− Vacancy
−$3.5K −$1.28/SF
EGI
$46.3K $16.72/SF
− OpEx
−$20.8K −$7.52/SF
NOI
$25.5K $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%
$509,160
Cap Rate 7%
$363,686
Cap Rate 9%
$282,867
Alternative Uses
Best Use
Apartment 5plus
$363.7K
$318.2K – $424.3K
NOI $25,458 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$720.0K
$630.0K – $840.0K
NOI $50,399 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
446
Businesses Nearby
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Business Placement
Demographics for 33705, FL
27,915
Population
15,171
Households
1.8
Avg Household Size
43
Median Age
36%
College-Educated
92%
High-School Grad
5.6 sq mi
ZIP Area
4,985
Density / Sq Mi
$70,783
Median Household Income
$40,370
Median Earnings
$1,457
Median Rent
$321,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings offer a mix of apartments and studios, with shared laundry and outdoor courtyard space.
Where is this apartment building located?
The property is located at 2001 2ND STREET S St Petersburg, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Five units across two buildings; Unit mix: two 2‑bedroom/1‑bathroom units, one 1‑bedroom/1‑bathroom unit and two studios; 1950 construction year
