Mixed-Term 7-Unit Multifamily
For Sale
$1,320,000
335 5TH N, St Petersburg, FL 33701
Seven-unit building with a mix of 12-month leases and short-stay rentals near St. Petersburg’s waterfront parks.
Property Size3,475 SF
Days on Market58
Property Features for 335 5TH N
General Information
Standard status
Active
Size
3,475 SF
Property subtype
Investment
Financials
Cap Rate
12%
Business Included
Yes
Additional Details
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$12,057
Building Details
Building Size
3,475 SF
Year Built
1925
Tenancy
Multi
Listing Agency:
RE/MAX Action First
(727) 729-0689
Listed By:
Kyle Collins · License #3350352
(727) 729-0689
Source:
Elliman
Added: Jul 1
Changed: Aug 22
Last Checked: Aug 26 at 11:17AM
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
Investment Insights
Based on property information with market context.
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.
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.
Key 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
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
993
Businesses Nearby
Explore this area
Business Placement
Demographics for 33701, FL
19,137
Population
13,434
Households
1.4
Avg Household Size
48
Median Age
55%
College-Educated
96%
High-School Grad
2.7 sq mi
ZIP Area
7,088
Density / Sq Mi
$69,098
Median Household Income
$48,072
Median Earnings
$1,531
Median Rent
$590,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
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 N St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,320,000.
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
