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5-Unit Apartment Property

301 49TH ST S, St Petersburg, FL 33707

For Sale
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Five leased residences offer three-bedroom layouts and rear parking pads reached from an alley.

Property SizeContact for details
Lot Size0.36 Acres
Days on Market35

Property Features for 301 49TH ST S

General Information

Standard status Active
Lot size 0.36 Acres
Property subtype Multifamily
Occupancy 100%
Net Operating Income $136,466

Financials

Asking Price $2,200,000
Cap Rate 6.2%

Units

Unit Mix 5 x 3BR/2.5BA
Multifamily Units 5

Additional Details

Tenant in Place Yes

Building Details

Year Built 2021
Buildings 3
Construction frame and stucco
Listing Agency: Compass
Listed By: Brad Kuskin · License FL BK3333122
Source: Crexi
Added: Oct 9 Changed: Nov 9 Last Checked: Nov 12 at 5:09AM

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 Compass

Rey
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Investment Insights

Based on property information with market context.

At 301 to 329 49th St S, this five-unit apartment property comprises two two-story duplex buildings and a single-family residence. Built in 2021, the buildings feature frame and stucco construction with shingle roofs. Each residence has three bedrooms and 2.5 bathrooms, averaging about 1,690 square feet, with a rear parking pad accessed from the alley. The 0.36-acre site occupies a corner at 49th St S and 3rd Ave S.

All five units are leased. Four are subject to HAP contracts—three through the St. Petersburg Housing Authority and one through the Pinellas County Housing Authority—while the remaining unit is leased at market. The property may be acquired individually or as part of a four-property portfolio comprising 29 units.

Key Highlights

  • Five units across two duplex buildings and one single‑family residence
  • Built in 2021 with frame and stucco construction and shingle roofs
  • Three bedrooms and 2.5 bathrooms per unit; average unit size is about 1,690 SF

Property Analytics

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Lease Details

5
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,118
Businesses Nearby

Demographics for 33707, FL

24,646
Population
16,579
Households
1.5
Avg Household Size
58
Median Age
40%
College-Educated
95%
High-School Grad
5.3 sq mi
ZIP Area
4,650
Density / Sq Mi
$68,560
Median Household Income
$45,513
Median Earnings
$1,512
Median Rent
$344,600
Median Home Value
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Market

Average Price Trend$/SF for Apartment buildings in St Petersburg, FL

$300 Jul
$409 Aug
$381 Sep
$399 Oct

Properties on Market for Apartment buildings in St Petersburg

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Five leased residences offer three-bedroom layouts and rear parking pads reached from an alley.
Where is this apartment building located?
The property is located at 301 49TH ST S St Petersburg, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Five units across two duplex buildings and one single‑family residence; Built in 2021 with frame and stucco construction and shingle roofs; Three bedrooms and 2.5 bathrooms per unit; average unit size is about 1,690 SF
(561) 232-7899 · Office Call to check price and availability
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