Three-Unit Triplex Income
For Sale
$450,000
3257 57TH Avenue N, St Petersburg, FL 33714
MULTI_FAMILY - ST PETERSBURG, FL
Property Size1,776 SF
Lot Size0.30 Acres
Price / SF$253.38
Days on Market78
Property Features for 3257 57TH Avenue N
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R-4
Interior features
Ninguno
Appliances
Range, Refrigerator
Subdivision
ARCADIAN HEIGHTS
Directions
US Highway 19 N. to 58th Avenue N. (If you are driving south on 19, you'll turn left onto 58th Ave N./If you are driving north on 19, turn right onto 58th Ave N.) then turn right on 33rd Street N. and then left on 57th Ave N. The property will be on your left. PLEASE DO NOT DISTURB THE TENANTS.
Standard status
Active
APN
35-30-16-01404-008-0230
Size
1,776 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ARCADIAN HEIGHTS BLK H, LOTS 23 AND 24
Tax Annual Amount
8185
Legal Description
ARCADIAN HEIGHTS BLK H, LOTS 23 AND 24
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1940
Floors in Building
1
Flooring type
Tile, Laminate
Building materials
Frame
Roof type
Shingle
Listing Agency:
COASTAL PROPERTIES GROUP INTERNATIONAL
(727) 493-1555
Listed By:
Amy Denham PA · License #623954
(727) 430-1551
Added: May 21
Changed: Jul 28
Last Checked: Aug 6 at 1:06PM
MLS# TB8511078
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 for-sale triplex offers three separate rental units on two lots totaling about 0.3 acres. All units are described as currently occupied with month-to-month tenants. The front unit faces 57th Ave N and is configured as a 2-bedroom, 2-bath layout, while the left and right units are each described as 1-bedroom, 1-bath.
Per the seller’s remarks, tenants pay their own electric and rent includes water and sewer. The roofs are reported as having been installed in 2020. The property is located in an R-4 zoned area in St. Petersburg, Pinellas County.
For presentation and privacy, the seller requests that prospective showings be scheduled and tenants are not to be disturbed. Rental income figures provided in the remarks list $1,425/month for the front unit, $1,500/month for the left unit, and $1,300/month for the right unit.
Per the seller’s remarks, tenants pay their own electric and rent includes water and sewer. The roofs are reported as having been installed in 2020. The property is located in an R-4 zoned area in St. Petersburg, Pinellas County.
For presentation and privacy, the seller requests that prospective showings be scheduled and tenants are not to be disturbed. Rental income figures provided in the remarks list $1,425/month for the front unit, $1,500/month for the left unit, and $1,300/month for the right unit.
Key Highlights
- Three rental units on two lots totaling 0.29 acres
- Front unit: 2 bed/2 bath renting for $1,425/month
- Left unit: 1 bed/1 bath renting for $1,500/month
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
$20,730
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
4.61%
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%
$414,600
$414.6K
Cap Rate 7%
$296,143
$296.1K
Cap Rate 9%
$230,333
$230.3K
Market Conditions
NOI Build-Up for 1,776 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
$31.8K $17.88/SF
− Vacancy
−$2.1K −$1.21/SF
EGI
$29.6K $16.67/SF
− OpEx
−$8.9K −$5.00/SF
NOI
$20.7K $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%
$414,600
Cap Rate 7%
$296,143
Cap Rate 9%
$230,333
Alternative Uses
Best Use
Multifamily LT 5
$296.1K
$259.1K – $345.5K
NOI $20,730 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$233.3K
$204.2K – $272.2K
NOI $16,334 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$462.0K
$404.2K – $539.0K
NOI $32,337 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
621
Businesses Nearby
Explore this area
Business Placement
Demographics for 33714, FL
19,905
Population
9,889
Households
2
Avg Household Size
44
Median Age
20%
College-Educated
86%
High-School Grad
3.7 sq mi
ZIP Area
5,380
Density / Sq Mi
$47,221
Median Household Income
$36,207
Median Earnings
$1,270
Median Rent
$177,500
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?
Triplex - Triplex with three separately rented units on two lots, with roofs dated 2020 and water/sewer included in rent.
Where is this triplex located?
The property is located at 3257 57TH Avenue N St Petersburg, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Three rental units on two lots totaling 0.29 acres; Front unit: 2 bed/2 bath renting for $1,425/month; Left unit: 1 bed/1 bath renting for $1,500/month
