St. Petersburg Multifamily Investment
For Sale
$1,250,000
335 47TH Ave N, St Petersburg, FL 33703
13-unit portfolio near downtown St. Petersburg with strong rental performance.
Property Size555 SF
Days on Market155
Property Features for 335 47TH Ave N
General Information
Standard status
Active
Size
555 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,254
Building Details
Building Size
555 SF
Year Built
1973
Stories
1
Listing Agency:
LOMBARDO TEAM REAL ESTATE LLC
(703) 283-0625
Listed By:
Mary Gillam · License #3395757
(703) 283-0625
Source:
Elliman
Added: Mar 12
Changed: Aug 8
Last Checked: Aug 7 at 5:45AM
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 LOMBARDO TEAM REAL ESTATE LLC
Investment Insights
Based on property information with market context.
This multifamily investment opportunity is located in the Parklane Condominiums of St. Petersburg. The portfolio consists of 13 units: eleven 1-bedroom units and two 2-bedroom units, with full occupancy and reliable rental performance. The property is situated just off the 4th Street corridor and minutes from downtown, providing connectivity to I-275, employment centers, retail corridors, and public transit lines. The asset operates under a condominium regime with HOA coverage that includes exterior maintenance, roofing, landscaping, pool service, water, sewer, trash, and cable. The grounds are fenced and feature mature landscaping, along with community amenities including a pool and gazebo. The property is well-positioned for institutional or private capital seeking an income-producing asset with limited turnover and strong cash-on-cash performance. Projected gross rents surpass $15,000 per month. The property is located in one of Tampa Bay's fastest-growing submarkets.
Key Highlights
- 13‑unit multifamily portfolio with full occupancy and reliable rental performance.
- Professionally managed community with HOA coverage including exterior maintenance, roofing, landscaping, pool service, water, sewer, trash, and cable.
- Excellent location near the 4th Street corridor, minutes from downtown St. Petersburg, with easy access to I‑275, employment centers, and public transit.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
971
Businesses Nearby
Explore this area
Business Placement
Demographics for 33703, FL
23,948
Population
12,331
Households
1.9
Avg Household Size
45
Median Age
53%
College-Educated
96%
High-School Grad
5.0 sq mi
ZIP Area
4,790
Density / Sq Mi
$96,795
Median Household Income
$56,760
Median Earnings
$1,569
Median Rent
$395,200
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?
Apartment building - 13-unit portfolio near downtown St. Petersburg with strong rental performance.
Where is this apartment building located?
The property is located at 335 47TH Ave N St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 13‑unit multifamily portfolio with full occupancy and reliable rental performance.; Professionally managed community with HOA coverage including exterior maintenance, roofing, landscaping, pool service, water, sewer, trash, and cable.; Excellent location near the 4th Street corridor, minutes from downtown St. Petersburg, with easy access to I‑275, employment centers, and public transit.
