3-Unit Triplex with
3440 3RD S, St Petersburg, FL 33711
For Sale
New
$975,000
Three separate living spaces include a main residence, an upper-level apartment, and a studio.
Property Size3,809 SF
Days on Market5
Property Features for 3440 3RD S
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
fenced yard
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
KELLER WILLIAMS TAMPA CENTRAL
Listed By:
Milena Game Garcia · License #3467246
(813) 486-9918
Source:
Elliman
Added: Nov 3
Last Checked: Nov 6 at 8:44AM
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 KELLER WILLIAMS TAMPA CENTRAL
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2024, this triplex combines a 2,294-square-foot main residence with an upper-level ADU and a lower-level studio. The main house has 5 bedrooms and 3 bathrooms, along with living, dining, and upstairs family rooms. Its kitchen includes a dishwasher, microwave, range, range hood, refrigerator, and freezer. The ADU offers 3 bedrooms and 2 full bathrooms across 909 square feet; the studio adds 606 square feet. A one-car garage and fenced yard complete the property.
Located at 3440 3rd S in St. Petersburg, the property has a Walk Score of 84, a Bike Score of 73, and a Transit Score of 53. Tenants are in place in the main residence and ADU.
Located at 3440 3rd S in St. Petersburg, the property has a Walk Score of 84, a Bike Score of 73, and a Transit Score of 53. Tenants are in place in the main residence and ADU.
Key Highlights
- Three living units: a main house, upper‑level ADU, and lower‑level studio
- Built in 2024
- Main house: 5 bedrooms, 3 bathrooms, and 2,294 square feet
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.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,106
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 separate living spaces include a main residence, an upper-level apartment, and a studio.
Where is this triplex located?
The property is located at 3440 3RD 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: a main house, upper‑level ADU, and lower‑level studio; Built in 2024; Main house: 5 bedrooms, 3 bathrooms, and 2,294 square feet
