Updated Four-Unit
For Sale
$1,485,000
3030 5TH Street N, St Petersburg, FL 33704
MULTI_FAMILY - ST PETERSBURG, FL
Property Size3,857 SF
Lot Size0.28 Acres
Price / SF$385.01
Days on Market98
Property Features for 3030 5TH Street N
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 6, Bathroom 3, Bathroom 4, Bathroom 2, Bedroom 3, Bedroom 5, Bathroom 5, Bathroom 6
Parking features
Garage, Driveway, Off Street, Open, On Street
Window features
Blinds
Patio and Porch features
Patio
Pets allowed
Yes
Interior features
Ceiling Fans(s), Thermostat
Exterior features
Private Entrance, Private Yard, Sidewalk
Appliances
Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
Subdivision
BARNARDS SUB D E
Lot features
Corner Lot, City Limits, Sidewalk
Elementary school
John M Sexton Elementary-PN
Middle school
Meadowlawn Middle-PN
High school
St. Petersburg High-PN
Directions
4th St. N, Left on 30th Right on 5th St.
Standard status
Active
APN
07-31-17-02736-002-0010
Size
3,857 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BARNARD'S SUB, D. E. BLK 2, LOTS 1 AND 2
Tax Annual Amount
13396
Legal Description
BARNARD'S SUB, D. E. BLK 2, LOTS 1 AND 2
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
shared laundry
coin-operated laundry
fenced yard
storage shed
irrigation system
Building Details
Year built
1950
Number of units
4
Flooring type
Tile - Ceramic, Laminate
Building materials
Block, Frame, Wood Siding
Roof type
Shingle
Listing Agency:
COMPASS FLORIDA LLC
(727) 339-7902
Listed By:
Jerilyn Rush · License #3151248
(813) 927-6795
Added: May 8
Changed: Aug 5
Last Checked: Aug 13 at 11:06AM
MLS# TB8505268
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 3,857-square-foot quadplex on a 0.28-acre parcel contains four distinct residences. The layout includes a renovated two-bedroom, one-bath unit; a two-bedroom, 2.5-bath townhouse with a bonus room, attached two-car garage, and fenced yard; a one-bedroom efficiency; and an upstairs one-bedroom, one-bath unit. Improvements include updated kitchens and baths in three units, stainless steel appliances, quartz countertops, refreshed flooring, new AC systems, and fresh interior and exterior paint. The property also includes shared or in-unit laundry options, patios, storage, private entrances, and off-street parking.
Located at 3030 5TH Street N in St. Petersburg, the property is in the 5 Points neighborhood near The Fresh Market and The Body Electric Yoga Company. Additional site work includes a brand-new roof, new fencing, new sod, and an irrigation system. Public water and public sewer serve the property, and tenant-paid utilities are supported by separate metering in Units 1, 2, and 4.
Located at 3030 5TH Street N in St. Petersburg, the property is in the 5 Points neighborhood near The Fresh Market and The Body Electric Yoga Company. Additional site work includes a brand-new roof, new fencing, new sod, and an irrigation system. Public water and public sewer serve the property, and tenant-paid utilities are supported by separate metering in Units 1, 2, and 4.
Key Highlights
- 3,857‑square‑foot quadplex on a 0.28‑acre parcel
- Four residences: two 2‑bedroom units, one 1‑bedroom unit, and one 1‑bedroom efficiency
- Unit 2 includes an attached 2‑car garage, oversized driveway, and fenced yard
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
$45,021
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
3.03%
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%
$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
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
$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 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%
$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 3.03%
Second Best
Apartment 5plus
$506.8K
$443.4K – $591.2K
NOI $35,473 @ 7.0% cap · market cap 2.39%
Theoretical Best
Office A
$1.00M
$877.8K – $1.17M
NOI $70,227 @ 7.0% cap · market cap 4.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,278
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Flexible unit mix with private outdoor areas, off-street parking, and multiple separately metered residences.
Where is this quadplex located?
The property is located at 3030 5TH Street N St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,485,000.
What are key features of this property?
This property features: 3,857‑square‑foot quadplex on a 0.28‑acre parcel; Four residences: two 2‑bedroom units, one 1‑bedroom unit, and one 1‑bedroom efficiency; Unit 2 includes an attached 2‑car garage, oversized driveway, and fenced yard
