Multifamily Property With Four Occupied
2722 14TH Avenue S St Petersburg, FL 33712
For Sale
$1,125,900
MULTI_FAMILY - ST PETERSBURG, FL
Property Size5,143 SF
Lot Size0.44 Acres
Price / SF$218.92
Days on Market269
Property Features for 2722 14TH Avenue S
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
6
Rooms
Bathroom 1, Bathroom 5, Bathroom 6, Bedroom 4, Bathroom 4, Bedroom 3, Bedroom 1, Bedroom 5, Bathroom 2, Bedroom 2, Bathroom 3
Interior features
Ceiling Fans(s), Open Floorplan, Window Treatments
Exterior features
Private Mailbox
Standard status
Active
APN
26-31-16-97560-000-0330
Size
5,143 SF
Lot size
0.44 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
WILDWOOD SUB LOTS 33 THRU 36
Tax Annual Amount
16693
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1926
Number of units
4
Building materials
Block
Roof type
Shingle
Listing Agency:
REAL BROKER, LLC
(855) 450-0442
Listed By:
Betsy Tinervin · License #3356969
(727) 270-0912
Added: Nov 1, 2025
Changed: Jul 22
Last Checked: Jul 27 at 8:06PM
MLS# TB8443916
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 multifamily investment property features four fully occupied rental units across three separate buildings. The existing unit mix includes two single-family homes (3-bedroom/2-bath and 2-bedroom/2-bath) and two remodeled studio apartments. The units were extensively updated in 2022 with new roofs, updated kitchens, modern flooring, new doors, trim, paint, and interior finishes. New landscaping was completed in 2025.
The property is located on approximately 3.5 corner lots and is described as being in a no-flood zone. In addition to the primary address at 2722 14th Avenue S, the offering includes a parcel at 1416 28th Ave S, where a previous five-unit building was professionally demolished with permits, including asbestos remediation.
The parcel at 1416 28th Ave S has been rezoned and approved for up to 13 residential units. The property is positioned just minutes from downtown St. Petersburg, Central Avenue, the Warehouse Arts District, the Tropicana Field redevelopment, I-275, and the Gulf beaches, with the surrounding area noted for new construction and active businesses.
The property is located on approximately 3.5 corner lots and is described as being in a no-flood zone. In addition to the primary address at 2722 14th Avenue S, the offering includes a parcel at 1416 28th Ave S, where a previous five-unit building was professionally demolished with permits, including asbestos remediation.
The parcel at 1416 28th Ave S has been rezoned and approved for up to 13 residential units. The property is positioned just minutes from downtown St. Petersburg, Central Avenue, the Warehouse Arts District, the Tropicana Field redevelopment, I-275, and the Gulf beaches, with the surrounding area noted for new construction and active businesses.
Key Highlights
- No flood zone multifamily property with four fully occupied rental units across three separate buildings
- Layout includes two single‑family homes (3 bed/2 bath and 2 bed/2 bath) plus two remodeled studio apartments
- Extensively updated in 2022 with new roofs, updated kitchens, new flooring, new doors, trim, paint, and interior finishes
Financial Insights For Apartment 5plus
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 | $92.6k | $18.00 |
| − Vacancy | −$6.6k | −$1.28 |
| EGI | $86.0k | $16.72 |
| − OpEx | −$38.7k | −$7.52 |
| NOI | $47.3k | $9.20 |
5,143 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$675.7K
$591.3K – $788.4K
NOI $47,301 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,641 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Multifamily property - Four fully occupied rental units are spread across three buildings, updated in 2022 with new roofs and interior improvements.
Where is this multifamily property located?
The property is located at 2722 14TH Avenue S St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,125,900.
What are key features of this property?
This property features: No flood zone multifamily property with four fully occupied rental units across three separate buildings; Layout includes two single‑family homes (3 bed/2 bath and 2 bed/2 bath) plus two remodeled studio apartments; Extensively updated in 2022 with new roofs, updated kitchens, new flooring, new doors, trim, paint, and interior finishes
