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29-Unit New Construction Apartment Portfolio

3418 19TH AVE S, St Petersburg, FL 33711

For Sale
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Four rental properties offer duplex and single-family layouts, with all units currently leased.

Property SizeContact for details
Days on Market37

Property Features for 3418 19TH AVE S

General Information

Standard status Active
Property subtype Multifamily
Occupancy 100%
Net Operating Income $791,571

Financials

Asking Price $11,400,000
Cap Rate 6.94%
Gross Income $975,228
Average Monthly Rent $2,802

Units

Unit Mix 29 x 3BR
Multifamily Units 29

Additional Details

Highway Access Yes
Tenant in Place Yes

Building Details

Buildings 16
Listing Agency: Compass
Listed By: Brad Kuskin · License FL BK3333122
Source: Crexi
Added: Oct 7 Changed: Nov 8 Last Checked: Nov 12 at 6:38AM

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

Rey
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Investment Insights

Based on property information with market context.

This apartment portfolio comprises 29 units across four properties located within a 2-mile radius. The offering includes 13 two-story duplex buildings and three single-family residences, all with three-bedroom plans. Duplex units are approximately 1,604 SF and feature 2.5 baths, a first-floor great room and kitchen, upstairs bedrooms and full baths, laundry connections, and individual central air. Construction is concrete block with stucco, except for the 49th St S property, which uses frame construction with stucco. The 19th Avenue South buildings have impact-rated windows. Properties were built in 2021 or 2025, and all units are leased.

Twenty-two units are under Housing Choice Voucher contracts: 18 through the St. Petersburg Housing Authority and four through the Pinellas County Housing Authority. The 19th Avenue South pair is one block from 34th St S (US 19), 2 miles from the Historic Gas Plant District redevelopment, and 3.5 miles from downtown St. Petersburg.

Key Highlights

  • 29 units across four properties within a 2‑mile radius
  • 13 two‑story duplex buildings and 3 single‑family residences; all plans have 3 bedrooms
  • Duplex units are approximately 1,604 SF with 2.5 baths, in‑unit laundry connections, and individual central air

Property Analytics

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Lease Details

29
Residential units
100%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

504
Businesses Nearby

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
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Market

Average Price Trend$/SF for Apartment buildings in St Petersburg, FL

$300 Jul
$409 Aug
$381 Sep
$399 Oct

Properties on Market for Apartment buildings in St Petersburg

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Four rental properties offer duplex and single-family layouts, with all units currently leased.
Where is this apartment building located?
The property is located at 3418 19TH AVE S St Petersburg, FL.
What is the asking price?
The asking price for this property is $11,400,000.
What are key features of this property?
This property features: 29 units across four properties within a 2‑mile radius; 13 two‑story duplex buildings and 3 single‑family residences; all plans have 3 bedrooms; Duplex units are approximately 1,604 SF with 2.5 baths, in‑unit laundry connections, and individual central air
(561) 232-7899 · Office Call to check price and availability
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