Four-Unit Multifamily with Corner
For Sale
$1,100,900
2722 14TH Avenue S, St Petersburg, FL 33712
MULTI_FAMILY - ST PETERSBURG, FL
Property Size5,143 SF
Lot Size0.44 Acres
Price / SF$214.06
Days on Market279
Property Features for 2722 14TH Avenue S
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 1, Bathroom 2, Bathroom 5, Bedroom 2, Bedroom 4, Bathroom 3, Bathroom 4, Bathroom 6, Bedroom 1, Bedroom 5, Bedroom 3
Interior features
Ceiling Fans(s), Open Floorplan, Window Treatments
Exterior features
Private Mailbox
Subdivision
WILDWOOD SUB
Directions
Follow I-275 Exp SB/I-275 S toward Bradenton 8.5 mi, about 7 min Keep right at Interstate Highway 275 S/I-275 S toward Bradenton 1.6 mi, about 1 min Take exit 21 on the right onto 28th St S about 0.2 mi, less than 1 min Turn left onto 28th St S about 0.4 mi, less than 1 min Turn left onto 14th Ave S about 0.1 mi, less than 1 min You have arrived at 14th Ave S B 2722 14th Ave S, St Petersburg, FL 337
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
Legal Description
WILDWOOD SUB LOTS 33 THRU 36
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: Aug 4
Last Checked: Aug 6 at 1:06PM
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.
Four fully occupied rental units across three separate buildings on approximately 3.5 corner lots, totaling 5,143 SF on a 0.44-acre parcel. The mix includes a 3-bedroom, 2-bath single-family home; a 2-bedroom, 2-bath single-family home; and two remodeled studio apartments. The property has central heating and central air and is constructed with block.
The existing 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 described as being located in a no-flood zone.
An additional parcel at 1416 28TH Ave S is included, where the previous five-unit building was professionally demolished with permits, including asbestos remediation. That parcel has already been rezoned and approved for up to 13 residential units, supporting redevelopment planning alongside the existing rental income.
The existing 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 described as being located in a no-flood zone.
An additional parcel at 1416 28TH Ave S is included, where the previous five-unit building was professionally demolished with permits, including asbestos remediation. That parcel has already been rezoned and approved for up to 13 residential units, supporting redevelopment planning alongside the existing rental income.
Key Highlights
- Four fully occupied rental units across three separate buildings
- Approximately 3.5 corner lots on a 0.44‑acre site totaling 5,143 SF
- No‑flood zone and block construction with central heating and central air
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
$47,301
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
4.30%
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%
$946,020
$946.0K
Cap Rate 7%
$675,729
$675.7K
Cap Rate 9%
$525,567
$525.6K
Market Conditions
NOI Build-Up for 5,143 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
$92.6K $18.00/SF
− Vacancy
−$6.6K −$1.28/SF
EGI
$86.0K $16.72/SF
− OpEx
−$38.7K −$7.52/SF
NOI
$47.3K $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 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%
$946,020
Cap Rate 7%
$675,729
Cap Rate 9%
$525,567
Alternative Uses
Best Use
Apartment 5plus
$675.7K
$591.3K – $788.4K
NOI $47,301 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,641 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
748
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Four fully occupied units across three buildings on corner lots in a no-flood zone, with central HVAC.
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 $1,100,900.
What are key features of this property?
This property features: Four fully occupied rental units across three separate buildings; Approximately 3.5 corner lots on a 0.44‑acre site totaling 5,143 SF; No‑flood zone and block construction with central heating and central air
