Building Details

Building Size 5,143 SF

Year Built 1926

Units 4

Listing Agency: Real Broker, LLC.

Listed By: Betsy Tinervin · License #3356969 Show Phone

Source: Elliman

Added: Aug 19 Changed: Oct 15 Last Checked: Oct 15 at 1:17AM

Report an Issue

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 Real Broker, LLC.

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$47,301

Cap Rate

4.58%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$946,020 $946.0K

Cap Rate 7%

$675,729 $675.7K

Cap Rate 9%

$525,567 $525.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,143 SF

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 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 (±1% cap)

NOI $47,301 @ 7.0% cap · market cap 4.58%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.34M

$1.17M – $1.56M (±1% cap)

NOI $93,641 @ 7.0% cap · market cap 9.07%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Daycare Center (Bike/Boat/Book/etc) Store Parking Lot & Garage Catering Service Electrical Service Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

870

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

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Similar For Sale Nearby

See more

Multifamily Investment & Development Opportunity

2722 14th Ave S, St Petersburg, FL 33712

$1,050,900

5,143 SF

View details

Six-Unit Apartment Building with Garages

633 7TH AVENUE N, St Petersburg, FL 33701

$1,000,000

4,762 SF

View details

Eight-Unit Apartment Building

4200 37TH Street S, St Petersburg, FL 33711

$1,450,000

5,478 SF

View details

Updated Triplex With Vacant Units

5136 68TH Street N, St Petersburg, FL 33709

$825,000

4,198 SF

View details

Updated Four-Unit Quadplex

3030 5TH Street N, St Petersburg, FL 33704

$1,485,000

3,857 SF

View details

Triplex with Private Courtyard

540 11TH Avenue N, St Petersburg, FL 33701

$1,100,000

3,077 SF

View details

7-Unit Downtown Apartment Building

335 5TH Avenue N, St Petersburg, FL 33701

$1,320,000

3,475 SF

View details

6-Unit Apartment Building

St Petersburg, FL 33701

$1,200,000

View details

Single-Story Quadplex

544 93rd Ave N, St Petersburg, FL 33702

$899,900

3,097 SF

View details

4-Unit Multifamily Property

St Petersburg, FL 33705

$749,000

View details

Renovated Quadplex with Garages

14060 MIRAMAR Avenue, St Petersburg, FL 33708

$1,100,000

2,523 SF

View details

Apartment Building Near Downtown

649 7TH AVE N, St Petersburg, FL 33701

$1,295,000

View details

Frequently Asked Questions

Where is this multifamily property located?

The property is located at 2722 14TH S St Petersburg, FL.

What is the asking price?

The asking price for this property is $1,032,900.