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    Mixed-Term 7-Unit Multifamily Building Title is generated by Realmo AI

    335 5TH Ave N, St Petersburg, FL 33701

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    For Sale
    $1,490,000

    Seven-unit building with a mix of 12-month leases and short-stay rentals near St. Petersburg’s waterfront parks.

    Type:Investment
    Added:
    Jul 1, 2026
    Days on Market:
    6
    Last Refresh:
    Jul 5 at 1:56 am

    Property Features for 335 5TH Ave N

    General Information

    Standard status
    Active
    Property subtype
    Investment

    Building Details

    Year Built
    1925

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    Kyle Collins
    Kyle Collins

    Listing office RE/MAX Action First

    Listing date Jul 1, 2026

    Source Elliman

    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 RE/MAX Action First

    HighLights

    • 7‑unit building built in 1925
    • Operated with four traditional 12‑month lease units and three short‑stay rental units
    • Short‑stay rentals typically run 3- to 4‑night stays
    • Located about 3 blocks to St. Petersburg’s Beach Drive and waterfront parks (about 4 blocks to the “Beach Drive Scene”)
    • BikeScore 66 (bikeable), walkScore 66 (somewhat walkable), transitScore 47 (some transit)
    • Projected cap rate of about 12% (and about 7.2% without pro‑forma income increase)

    Overview

    The 7-unit property at 335 On Fifth Avenue is set up to support both longer-term tenants and short-stay guests. The building is currently operated with four traditional 12-month lease units, and three units are offered on a short-term basis with typical three- to four-night stays. The arrangement provides flexibility for an operator or owner looking to balance occupancy across different demand types.

    Located in the heart of downtown St. Petersburg, the property is described as three blocks to St. Petersburg’s Beach Drive and waterfront parks, with guests positioned about four blocks to the “Beach Drive Scene.” It also borders the Historic Old Northeast area with redbrick avenues and stately homes. Vinoy Park on Tampa Bay is nearby and offers access to green space and a sports and aquatic complex, fitness trails, a dog park, and beach volleyball.

    For buyers and tenants, the mixed-term setup can fit a range of goals, from year-round housing to shorter visits tied to the waterfront. Walk and bike convenience metrics are reported as 66 for Bikeable and 66 for Somewhat Walkable, with transitScore reported as 47. The current operating structure may also appeal to investors evaluating a multi-unit asset that can accommodate both lease-driven and short-stay revenue streams.
    Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Arcade & Gaming Center Restaurant Clothing & Fashion Store Butcher (Bike/Boat/Book/etc) Store Restaurant Carpet & Flooring Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    St Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6380099
    Latitude
    27.7778551

    FAQs

    What type of property is this?
    Apartment building - Seven-unit building with a mix of 12-month leases and short-stay rentals near St. Petersburg’s waterfront parks.
    Where is this apartment building located?
    The property is located at 335 5TH Ave N St Petersburg, FL.
    What is the asking price?
    The asking price for this property is $1,490,000.
    What are key features of this property?
    This property features: 7‑unit building built in 1925; Operated with four traditional 12‑month lease units and three short‑stay rental units; Short‑stay rentals typically run 3- to 4‑night stays
    More about this property
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