29-Unit Apartment
New
For Sale
$11,400,000
3430 19TH S, St Petersburg, FL 33711
The fully leased offering combines duplex townhomes and single-family rentals across four nearby properties.
Property Size49,895 SF
Days on Market3
Property Features for 3430 19TH S
General Information
Standard status
Active
Size
49,895 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Asking Price
$11,400,000
Highway Access
Yes
Multifamily Units
29
Taxes and HOA fees
Annual Taxes
$139,738
Building Details
Building Size
49,895 SF
Year Built
2025
Buildings
16
Units
29
Listing Agency:
COMPASS FLORIDA LLC
Listed By:
Brad Kuskin · License #3333122
(561) 232-7899
Source:
Elliman
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 11 at 8:03AM
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
Investment Insights
Based on property information with market context.
This 29-unit apartment portfolio comprises 13 two-story duplex buildings and three single-family residences, with three-bedroom plans throughout. Duplex layouts offer approximately 1,604 square feet, with a great room and kitchen on the first floor, three bedrooms upstairs, laundry connections, individual central air, and off-street parking. Construction includes concrete block and stucco, except for frame construction with stucco at the 49th Street site. The 19th Avenue properties have impact-rated windows. The portfolio includes properties built in 2025 and 2021.
The four sites are within a 2-mile radius in South St. Petersburg. The 19th Avenue properties are one block from 34th Street (US 19), 2 miles from the Historic Gas Plant District redevelopment, and 3.5 miles from downtown St. Petersburg.
All units are leased. Housing Choice Voucher contracts cover 22 units through the St. Petersburg and Pinellas County housing authorities; seven units lease at market rate. Tenants pay electricity and water, except that ownership pays water at the 22nd Street property. Ownership also covers taxes, insurance, and lawn care. The properties have no deferred maintenance or capital program.
The four sites are within a 2-mile radius in South St. Petersburg. The 19th Avenue properties are one block from 34th Street (US 19), 2 miles from the Historic Gas Plant District redevelopment, and 3.5 miles from downtown St. Petersburg.
All units are leased. Housing Choice Voucher contracts cover 22 units through the St. Petersburg and Pinellas County housing authorities; seven units lease at market rate. Tenants pay electricity and water, except that ownership pays water at the 22nd Street property. Ownership also covers taxes, insurance, and lawn care. The properties have no deferred maintenance or capital program.
Key Highlights
- 29 leased units across four properties within a 2‑mile radius
- 13 two‑story duplex buildings and three single‑family residences; all plans have three bedrooms
- Duplex units are approximately 1,604 SF with 2.5 baths, laundry connections, individual central air, and off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$458,889
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,177,780
$9.2M
Cap Rate 7%
$6,555,557
$6.6M
Cap Rate 9%
$5,098,767
$5.1M
Market Conditions
NOI Build-Up for 49,895 SF
Gross rent
$898.1K $18.00/SF
− Vacancy
−$63.8K −$1.28/SF
EGI
$834.3K $16.72/SF
− OpEx
−$375.5K −$7.52/SF
NOI
$458.9K $9.20/SF
Area
Pinellas County, FL
Vacancy
7.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,177,780
Cap Rate 7%
$6,555,557
Cap Rate 9%
$5,098,767
Alternative Uses
Best Use
Apartment 5plus
$6.56M
$5.74M – $7.65M
NOI $458,889 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.98M
$11.36M – $15.14M
NOI $908,466 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
29
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
576
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
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - The fully leased offering combines duplex townhomes and single-family rentals across four nearby properties.
Where is this apartment building located?
The property is located at 3430 19TH 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 leased units across four properties within a 2‑mile radius; 13 two‑story duplex buildings and three single‑family residences; all plans have three bedrooms; Duplex units are approximately 1,604 SF with 2.5 baths, laundry connections, individual central air, and off‑street parking
