Furnished Quadplex
New
For Sale
$385,000
2629 14TH Avenue S, St Petersburg, FL 33712
Residential Income, ST PETERSBURG, FL
Property Size1,860 SF
Lot Size0.13 Acres
Price / SF$206.99
Days on Market2
Property Features for 2629 14TH Avenue S
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 7, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 6, Bathroom 3, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 2
Parking features
Driveway
Security features
Security System
Interior features
Ceiling Fans(s)
Exterior features
Sidewalk
Appliances
Microwave, Range, Refrigerator
Subdivision
WILDWOOD SUB
Lot features
Sidewalk
Elementary school
Melrose Elementary-PN
Middle school
John Hopkins Middle-PN
High school
Gibbs High-PN
Directions
From St. Pete-Clearwater International Airport (PIE), head south toward Roosevelt Blvd. Follow Roosevelt Blvd and merge onto I-275 S toward St. Petersburg. Continue south on I-275 and take Exit 21 for 28th St S. Continue toward 28th St S, then turn left onto 14th Ave S.
Standard status
Active
APN
26-31-16-97560-000-0450
Size
1,860 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WILDWOOD SUB LOT 45
Tax Annual Amount
1093
Legal Description
WILDWOOD SUB LOT 45
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1954
Floors in Building
1
Flooring type
Laminate, Tile
Building materials
Stucco
Roof type
Shingle
Listing Agency:
COMPASS FLORIDA LLC
(727) 380-2067
Listed By:
Kim Meredith-Hampton · License #601196
(407) 448-6679
Added: Sep 21
Changed: Sep 22
Last Checked: Sep 22 at 5:06PM
MLS# TB8550002
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 furnished quadplex property includes 1,860 square feet with six bedrooms, three bathrooms, and a seventh flexible room currently arranged as an additional bedroom. The extra room may be restored to a traditional living room before closing, creating a six-bedroom layout with dedicated common space, or retained in its current configuration. The home is operating as a PadSplit and furnishings convey with the sale. A new dryer and replacement washing machine are included, along with a microwave, range, and refrigerator. Interior features include ceiling fans, tile and laminate flooring, central heating, and central air. The property also has a driveway, sidewalk, shingle roof, stucco construction, public water, and public sewer.
Located at 2629 14TH Avenue S in St. Petersburg, the property is a two-minute walk from public transit and near downtown St. Petersburg, shopping, dining, major roadways, and the Gulf beaches. The 0.13-acre parcel was built in 1954 and is in the 33712 postal area.
Located at 2629 14TH Avenue S in St. Petersburg, the property is a two-minute walk from public transit and near downtown St. Petersburg, shopping, dining, major roadways, and the Gulf beaches. The 0.13-acre parcel was built in 1954 and is in the 33712 postal area.
Key Highlights
- Operating PadSplit configuration with six bedrooms, three bathrooms, and a flexible seventh room
- 1,860 square feet on a 0.13‑acre parcel
- Fully furnished; furnishings convey with the sale
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,711
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$434,220
$434.2K
Cap Rate 7%
$310,157
$310.2K
Cap Rate 9%
$241,233
$241.2K
Market Conditions
NOI Build-Up for 1,860 SF
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.
Gross rent
$33.3K $17.88/SF
− Vacancy
−$2.2K −$1.21/SF
EGI
$31.0K $16.67/SF
− OpEx
−$9.3K −$5.00/SF
NOI
$21.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$434,220
Cap Rate 7%
$310,157
Cap Rate 9%
$241,233
Alternative Uses
Best Use
Multifamily LT 5
$310.2K
$271.4K – $361.9K
NOI $21,711 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$244.4K
$213.8K – $285.1K
NOI $17,107 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$483.8K
$423.3K – $564.4K
NOI $33,866 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
780
Businesses Nearby
Explore this area
Business Placement
Demographics for 33712, FL
26,395
Population
13,055
Households
2
Avg Household Size
41
Median Age
30%
College-Educated
91%
High-School Grad
6.4 sq mi
ZIP Area
4,124
Density / Sq Mi
$57,729
Median Household Income
$39,589
Median Earnings
$1,440
Median Rent
$300,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully furnished shared-housing setup with adaptable room configuration and public transit nearby.
Where is this quadplex located?
The property is located at 2629 14TH Avenue S St Petersburg, FL.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Operating PadSplit configuration with six bedrooms, three bathrooms, and a flexible seventh room; 1,860 square feet on a 0.13‑acre parcel; Fully furnished; furnishings convey with the sale
