Three-Unit Residential
New
For Sale
$975,000
3440 3RD Avenue S, St Petersburg, FL 33711
Residential Income, ST PETERSBURG, FL
Property Size3,809 SF
Lot Size0.14 Acres
Price / SF$255.97
Days on Market3
Property Features for 3440 3RD Avenue S
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Property condition
Under Construction
Zoning
NSM-1
Bedrooms
13
Bathrooms
9
Full bathrooms
9
Rooms
Bedroom 7, Family Room, Bathroom 3, Bedroom 13, Bathroom 9, Bedroom 6, Bathroom 4, Bedroom 5, Bathroom 5, Bedroom 2, Bedroom 1, Bedroom 10, Bathroom 2, Bathroom 1, Bedroom 4, Bedroom 9, Bedroom 8, Bedroom 3, Bedroom 12, Bathroom 7, Bedroom 11, Bathroom 8, Bathroom 6
Interior features
Eat-in Kitchen, Kitchen/Family Room Combo, Stone Counters
Exterior features
Balcony
Appliances
Dishwasher, Freezer, Microwave, Range, Range Hood, Refrigerator
Subdivision
WEST CENTRAL AVE
Elementary school
Fairmount Park Elementary-PN
Middle school
Azalea Middle-PN
High school
Gibbs High-PN
Directions
From Central Ave and US 19, go south bound, then turn right onto 3rd Ave S. The house will be on the left hand side.
Standard status
Active
APN
22-31-16-96174-007-0070
Size
3,809 SF
Lot size
0.14 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Description
WEST CENTRAL AVENUE BLK 7, LOT 7
Tax Annual Amount
16543
Legal Description
WEST CENTRAL AVENUE BLK 7, LOT 7
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
fenced yard
Building Details
Year built
2024
Floors in Building
2
Flooring type
Tile, Vinyl
Building materials
Block, Stucco
Roof type
Shingle
Additional Structures
Guest House
Listing Agency:
KELLER WILLIAMS TAMPA CENTRAL · Keller Williams Realty
(813) 865-0700
Listed By:
Milena Game Garcia · License #3467246
(813) 486-9918
Added: Nov 1
Changed: Nov 3
Last Checked: Nov 3 at 4:06AM
MLS# TB8563589
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 2024, this three-unit residential property combines a 2,294-square-foot main house, a 909-square-foot upper-level ADU, and a 606-square-foot lower-level studio. The main residence has five bedrooms and three bathrooms; the ADU has three bedrooms and two full bathrooms. A one-car garage and fenced yard are also included. The lot measures 0.14 acres, and the property is zoned NSM-1.
Tenants are in place in the main house and upper-level ADU. Interior features include stone counters and an eat-in kitchen, with a dishwasher, freezer, microwave, range, range hood, and refrigerator. The property is in St. Petersburg, Florida, and has public water and public sewer.
Tenants are in place in the main house and upper-level ADU. Interior features include stone counters and an eat-in kitchen, with a dishwasher, freezer, microwave, range, range hood, and refrigerator. The property is in St. Petersburg, Florida, and has public water and public sewer.
Key Highlights
- Three living units: main house, upper‑level ADU, and lower‑level studio
- Main house: 2,294 square feet, 5 bedrooms, and 3 bathrooms
- Upper‑level ADU: 909 square feet, 3 bedrooms, and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,460
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$889,200
$889.2K
Cap Rate 7%
$635,143
$635.1K
Cap Rate 9%
$494,000
$494.0K
Market Conditions
NOI Build-Up for 3,809 SF
Gross rent
$68.1K $17.88/SF
− Vacancy
−$4.6K −$1.21/SF
EGI
$63.5K $16.67/SF
− OpEx
−$19.1K −$5.00/SF
NOI
$44.5K $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%
$889,200
Cap Rate 7%
$635,143
Cap Rate 9%
$494,000
Alternative Uses
Best Use
Multifamily LT 5
$635.1K
$555.8K – $741.0K
NOI $44,460 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$500.5K
$437.9K – $583.9K
NOI $35,032 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$990.8K
$866.9K – $1.16M
NOI $69,353 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,709
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - A main home, upper-level ADU, and separate studio provide three distinct living spaces on one parcel.
Where is this triplex located?
The property is located at 3440 3RD Avenue S St Petersburg, FL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Three living units: main house, upper‑level ADU, and lower‑level studio; Main house: 2,294 square feet, 5 bedrooms, and 3 bathrooms; Upper‑level ADU: 909 square feet, 3 bedrooms, and 2 full bathrooms
