Four-Unit Quadplex with Private
For Sale
$799,900
Pending
2601 61ST N, Saint Petersburg, FL 33714
Three two-bedroom apartments and one efficiency provide varied layouts with individual washer/dryer hookups.
Property Size3,090 SF
Days on Market55
Property Features for 2601 61ST N
General Information
Standard status
Pending
Size
3,090 SF
Property subtype
Investment
Units
Unit Mix
3 x 2BR/1BA, 1 x efficiency
Multifamily Units
4
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,143
Amenities
private washer/dryer hookups
private fenced backyard spaces
Building Details
Building Size
3,090 SF
Year Built
1974
Units
4
Listed By:
Joe Cavaleri
(727) 686-0101
Source:
Elliman
Added: Aug 13
Changed: Oct 5
Last Checked: Oct 5 at 7:40PM
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 Joe Cavaleri
Investment Insights
Based on property information with market context.
Built in 1974, this quadplex contains three 2-bedroom, 1-bath residences measuring 800 square feet each, along with an efficiency unit. The units offer private washer/dryer hookups, generous living areas, and dedicated kitchen spaces. Individual fenced backyard areas with gated access extend the usable space for residents.
The property’s roof was replaced in 2018. Two units are leased to the United States Coast Guard, providing an established tenancy component. Located at 2601 61ST N in Lealman, FL 33714, the property has a Walk Score of 69, a Bike Score of 55, and a Transit Score of 39.
The property’s roof was replaced in 2018. Two units are leased to the United States Coast Guard, providing an established tenancy component. Located at 2601 61ST N in Lealman, FL 33714, the property has a Walk Score of 69, a Bike Score of 55, and a Transit Score of 39.
Key Highlights
- Four‑unit complex with three 2‑bedroom, 1‑bath units plus 1 efficiency unit
- Three residential units measure 800 sq. ft. each
- Private washer/dryer hookups in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,068
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$721,360
$721.4K
Cap Rate 7%
$515,257
$515.3K
Cap Rate 9%
$400,756
$400.8K
Market Conditions
NOI Build-Up for 3,090 SF
Gross rent
$55.2K $17.88/SF
− Vacancy
−$3.7K −$1.21/SF
EGI
$51.5K $16.67/SF
− OpEx
−$15.5K −$5.00/SF
NOI
$36.1K $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%
$721,360
Cap Rate 7%
$515,257
Cap Rate 9%
$400,756
Alternative Uses
Best Use
Multifamily LT 5
$515.3K
$450.9K – $601.1K
NOI $36,068 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$406.0K
$355.2K – $473.7K
NOI $28,419 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$803.7K
$703.3K – $937.7K
NOI $56,261 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
702
Businesses Nearby
Explore this area
Business Placement
Demographics for 33714, FL
19,905
Population
9,889
Households
2
Avg Household Size
44
Median Age
20%
College-Educated
86%
High-School Grad
3.7 sq mi
ZIP Area
5,380
Density / Sq Mi
$47,221
Median Household Income
$36,207
Median Earnings
$1,270
Median Rent
$177,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Three two-bedroom apartments and one efficiency provide varied layouts with individual washer/dryer hookups.
Where is this quadplex located?
The property is located at 2601 61ST N Saint Petersburg, FL.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Four‑unit complex with three 2‑bedroom, 1‑bath units plus 1 efficiency unit; Three residential units measure 800 sq. ft. each; Private washer/dryer hookups in each unit
