Triplex with Garage
3353 4TH S, St Petersburg, FL 33711
For Sale
New
$1,925,000
Three residences combine with separately entered garage suites, creating a multi-unit property with varied occupancy options.
Property Size5,690 SF
Days on Market5
Property Features for 3353 4TH S
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Units
Listing Agency:
COMPASS FLORIDA LLC
Listed By:
Brad Kuskin · License #3333122
(561) 232-7899
Source:
Elliman
Added: Nov 3
Last Checked: Nov 6 at 10:35AM
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 COMPASS FLORIDA LLC
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Investment Insights
Based on property information with market context.
Completed in 2025, this concrete-block property includes two 3-bedroom, 2.5-bath townhomes and a detached 4-bedroom, 2.5-bath house. Each residence has a garage with an upper suite featuring a private exterior entrance, full bathroom, laundry, and individual HVAC. Interior finishes include quartz counters, shaker cabinets, stainless appliances, luxury vinyl plank flooring, and porcelain-tile bathrooms. Three garages and a paved rear parking court provide on-site parking. There is no HOA.
Leases are staggered into 2027, with three market-rate leases and three housing-authority-assisted leases. Utility allowances apply to each lease and offset owner-paid electricity and water. The detached home’s lease ends December 31, 2026, offering an option for an owner-occupant to take possession afterward. County records identify three living units; buyers should verify the permitting and use status of the garage suites.
The property is at 34th Street South (US 19) and 4th Avenue South, less than half a mile from Central Avenue, the Grand Central District, and the SunRunner rapid transit line. Downtown St. Petersburg, the Warehouse Arts District, and Gulf beaches are also accessible from the area.
Leases are staggered into 2027, with three market-rate leases and three housing-authority-assisted leases. Utility allowances apply to each lease and offset owner-paid electricity and water. The detached home’s lease ends December 31, 2026, offering an option for an owner-occupant to take possession afterward. County records identify three living units; buyers should verify the permitting and use status of the garage suites.
The property is at 34th Street South (US 19) and 4th Avenue South, less than half a mile from Central Avenue, the Grand Central District, and the SunRunner rapid transit line. Downtown St. Petersburg, the Warehouse Arts District, and Gulf beaches are also accessible from the area.
Key Highlights
- Built in 2025; concrete‑block construction
- Two 3‑bedroom, 2.5‑bath townhomes and one detached 4‑bedroom, 2.5‑bath house
- Three garage suites, each with a private exterior entrance, full bath, laundry, and individual HVAC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,416
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,328,320
$1.3M
Cap Rate 7%
$948,800
$948.8K
Cap Rate 9%
$737,956
$738.0K
Market Conditions
NOI Build-Up for 5,690 SF
Gross rent
$101.7K $17.88/SF
− Vacancy
−$6.9K −$1.21/SF
EGI
$94.9K $16.67/SF
− OpEx
−$28.5K −$5.00/SF
NOI
$66.4K $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 Rate 5%
$1,328,320
Cap Rate 7%
$948,800
Cap Rate 9%
$737,956
Alternative Uses
Best Use
Multifamily LT 5
$948.8K
$830.2K – $1.11M
NOI $66,416 @ 7.0% cap · market cap 3.45%
Second Best
Apartment 5plus
$747.6K
$654.1K – $872.2K
NOI $52,331 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,601 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
Explore this area
Business Placement
Demographics for 33711, FL
20,121
Population
9,522
Households
2.1
Avg Household Size
41
Median Age
32%
College-Educated
96%
High-School Grad
4.7 sq mi
ZIP Area
4,281
Density / Sq Mi
$68,295
Median Household Income
$27,156
Median Earnings
$1,819
Median Rent
$253,100
Median Home Value
Market
Average Price Trend$/SF for Triplexes in St Petersburg, FL
Properties on Market for Triplexes in St Petersburg
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences combine with separately entered garage suites, creating a multi-unit property with varied occupancy options.
Where is this triplex located?
The property is located at 3353 4TH S St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,925,000.
What are key features of this property?
This property features: Built in 2025; concrete‑block construction; Two 3‑bedroom, 2.5‑bath townhomes and one detached 4‑bedroom, 2.5‑bath house; Three garage suites, each with a private exterior entrance, full bath, laundry, and individual HVAC
