5-Unit Apartment Property with
For Sale
$899,000
2001 2ND Street S, St Petersburg, FL 33705
Residential Income, ST PETERSBURG, FL
Property Size2,768 SF
Lot Size0.20 Acres
Price / SF$324.78
Days on Market8
Property Features for 2001 2ND Street S
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
5
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 3, Bathroom 4, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 5, Bathroom 2, Bathroom 5, Bedroom 4, Bedroom 2
Interior features
Thermostat
Subdivision
ROUSLYNN
Directions
From downtown St. Petersburg, head south on 4th Street S. Turn left onto 20th Avenue S and continue east to 2nd Street S. Property is located at the corner of 20th Avenue S and 2nd Street S.
Standard status
Active
APN
30-31-17-77184-009-0090
Size
2,768 SF
Lot size
0.20 Acres
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
ROUSLYNN BLK 9, LOT 9
Tax Annual Amount
11155
Legal Description
ROUSLYNN BLK 9, LOT 9
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
garden courtyard
private patios
shared laundry
Building Details
Year built
1950
Building materials
Concrete, Frame
Roof type
Shingle
Buildings
2
Listing Agency:
KELLER WILLIAMS ST PETE REALTY · Keller Williams Realty
(727) 894-1600
Listed By:
Sean Sandifer
(217) 343-7365
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 5:06PM
MLS# TB8560751
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.
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Investment Insights
Based on property information with market context.
This 5-unit apartment property spans two buildings on a 0.2-acre site, with 2,768 square feet of building area. The unit mix includes two 2-bedroom/1-bathroom apartments, one 1-bedroom/1-bathroom apartment, and two studios. A garden courtyard sits between the buildings; select units have private patios, and residents share laundry facilities. The property was built in 1950 and has central air conditioning, electric heat, public water, and public sewer.
The site is next to Lassing Park and Tampa Bay. Downtown St. Petersburg is described as a short bike ride away. Four units operate as traditional rentals, and the fifth has an established Airbnb rental history.
The site is next to Lassing Park and Tampa Bay. Downtown St. Petersburg is described as a short bike ride away. Four units operate as traditional rentals, and the fifth has an established Airbnb rental history.
Key Highlights
- Five units in two buildings on a 0.2‑acre site
- 2,768 square feet of building area
- Unit mix: two 2‑bedroom/1‑bathroom units, one 1‑bedroom/1‑bathroom unit, and two studios
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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Cap Rate, Value Estimation, Potential NOI and more
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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 studios and one- and two-bedroom rentals, with shared laundry and select private patios.
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 in two buildings on a 0.2‑acre site; 2,768 square feet of building area; Unit mix: two 2‑bedroom/1‑bathroom units, one 1‑bedroom/1‑bathroom unit, and two studios
