245- 247 38TH AVE SE, Saint Petersburg, FL 33705
Multi-Unit (2-4) - Saint Petersburg, FL
- Added:
- Mar 4, 2026
- Days on Market:
- 115
- Last Refresh:
- Jun 27 at 11:06 am
Property Features for 245- 247 38TH AVE SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 600
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Living Room
- Parking features
- Garage
- Standard status
- Active
- APN
- 31-31-17-51498-017-0080
- Size
- 2,140 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6421
Utilities
- Heating system
- Electric (Heating), Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1959
- Year renovated
- 1959
- Floors in Building
- 1
- Flooring type
- Tile
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Brenda Bianchi (727) 595-7653
Listing office BIANCHI REALTY & PROPERTY MANAGEMENT INC 9180 OAKHURST RD, SUITE 1, Seminole, FL (727) 638-8636
Listing date Mar 4, 2026
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Concrete block multi‑family with two 3‑bedroom, 2‑bath units
- Approximately 2,140 SF heated living space on a 75 x 90 lot in the Lewis Island area
- Each unit has its own water and electric meters
- Central air, with electric forced air heating; asphalt shingle roof
- Updated interiors include tile flooring, refreshed kitchens with stone countertops and tile backsplash, and renovated bathrooms with modern subway tile
- Garage parking included; year built 1959
Overview
The property includes approximately 2,140 square feet of heated living space on a 75 x 90 lot in the Lewis Island area of St. Petersburg, Florida. It is positioned just minutes from downtown St. Petersburg and nearby waterfront parks, shopping, dining, and major commuter routes.
The two-unit configuration, generous bedroom count, and separate water and electric metering make the property practical for long-term rental use or for an owner-occupant considering a house-hack scenario. For buyers seeking a straightforward duplex structure with independent utilities per unit, this layout supports flexible occupancy while maintaining a consistent, tenant-friendly standard of finishes across both homes.
Local 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 | $38.3k | $17.88 |
| − Vacancy | −$2.6k | −$1.21 |
| EGI | $35.7k | $16.67 |
| − OpEx | −$10.7k | −$5.00 |
| NOI | $25.0k | $11.67 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Saint Petersburg
- County
- Pinellas
- State
- Florida
- Longitude
- -82.6329
- Latitude
- 27.734463
