For Sale
$1,595,000
3030 5Th St N, St Petersburg, FL 33704
Four-unit property in Allendale neighborhood with income potential.
Property Size3,857 SF
Lot Size0.28 Acres
Price / SF$413.53
Days on Market166
Property Features for 3030 5Th St N
General Information
Standard status
Active
Property type
Quadplexes, Multifamily properties, Residential income properties, Short term rental properties
Size
3,857 SF
Lot size
0.28 Acres
Building Details
Year Built
1950
Added: May 8
Changed: May 31
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,021
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$900,420
$900.4K
Cap Rate 7%
$643,157
$643.2K
Cap Rate 9%
$500,233
$500.2K
Market Conditions
NOI Build-Up for 3,857 SF
Gross rent
$69.0K $17.88/SF
− Vacancy
−$4.6K −$1.21/SF
EGI
$64.3K $16.67/SF
− OpEx
−$19.3K −$5.00/SF
NOI
$45.0K $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 Rate 5%
$900,420
Cap Rate 7%
$643,157
Cap Rate 9%
$500,233
Alternative Uses
Best Use
Multifamily LT 5
$643.2K
$562.8K – $750.4K
NOI $45,021 @ 7.0% cap · market cap 2.82%
Second Best
Apartment 5plus
$506.8K
$443.4K – $591.2K
NOI $35,473 @ 7.0% cap · market cap 2.22%
Theoretical Best
Office A
$1.00M
$877.8K – $1.17M
NOI $70,227 @ 7.0% cap · market cap 4.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
1,273
Businesses Nearby
Explore this area
Business Placement
Demographics for 33704, FL
16,031
Population
9,037
Households
1.8
Avg Household Size
46
Median Age
58%
College-Educated
98%
High-School Grad
3.4 sq mi
ZIP Area
4,715
Density / Sq Mi
$102,647
Median Household Income
$63,803
Median Earnings
$1,398
Median Rent
$657,400
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
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property in Allendale neighborhood with income potential.
Where is this quadplex located?
The property is located at 3030 5Th St N St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,595,000.
