Triplex with Rear
4651 22ND Avenue N St Petersburg, FL 33713
For Sale
Under Contract
$794,900
MULTI_FAMILY - ST PETERSBURG, FL
Property Size2,598 SF
Lot Size0.13 Acres
Price / SF$305.97
Days on Market98
Property Features for 4651 22ND Avenue N
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Property condition
Under Construction
Zoning
NTM-1
Bedrooms
7
Bathrooms
4
Rooms
Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 4, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 6, Bathroom 2, Bedroom 7
Interior features
Ceiling Fans(s), Thermostat
Exterior features
Sliding Doors, Storage
Appliances
Dishwasher, Microwave, Range, Refrigerator
Standard status
Active Under Contract
APN
09-31-16-48438-008-0140
Size
2,598 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LAKE SHEFFIELD 1ST SEC POB BLK H, LOT 14, LESS S 10FT FOR RD R/W ALSO LESS THAT PART DESC AS FROM SW COR OF SD LOT 14 TH N'LY ALG W LOT LINE 10FT FOR POB TH N'LY ALG W LOT LINE 5FT TH SE'LY TO PNT 10FT N & 5FT E OF POC TH W'LY 5FT TO
Tax Annual Amount
5141
Utilities
Sewer type
Public Sewer
Heating system
Central, Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1952
Floors in Building
1
Flooring type
Vinyl, Wood
Building materials
Block, Stucco
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
DALTON WADE INC
(888) 668-8283
Listed By:
Brianna Alfaro · License #3422409
(727) 798-5619
Added: Apr 23
Changed: Jul 25
Last Checked: Jul 29 at 3:06AM
MLS# TB8502633
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.
Investment Insights
Based on property information with market context.
This compound-style triplex arrangement offers 3 homes in one setting, with a spacious 3-bedroom, 2-bath home on the primary portion of the property and a rear duplex containing two 2-bedroom, 1-bath units. The interiors include fully equipped kitchens and comfortable living areas with natural lighting throughout.
Located at 4651 22nd Avenue N in St. Petersburg’s Disston Heights area (33713), the property is described as being close to schools, parks, shopping, and dining. The remarks also note proximity to the beach (about 12 minutes) and downtown St. Petersburg (about 10 minutes). The property is zoned NTM-1.
The listing is presented as either multi-generational living within one compound or as a cash-flowing investment triplex concept, with a house-hack approach referenced in the marketing materials.
Located at 4651 22nd Avenue N in St. Petersburg’s Disston Heights area (33713), the property is described as being close to schools, parks, shopping, and dining. The remarks also note proximity to the beach (about 12 minutes) and downtown St. Petersburg (about 10 minutes). The property is zoned NTM-1.
The listing is presented as either multi-generational living within one compound or as a cash-flowing investment triplex concept, with a house-hack approach referenced in the marketing materials.
Key Highlights
- “3 homes in one” setup: a 3BR/2BA front home plus a rear duplex with two 2BR/1BA units
- Rear duplex is under construction; listing notes a brand‑new construction duplex in the rear
- Year built 1952 with block and stucco construction and a shingle roof
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.5k | $17.88 |
| − Vacancy | −$3.1k | −$1.21 |
| EGI | $43.3k | $16.67 |
| − OpEx | −$13.0k | −$5.00 |
| NOI | $30.3k | $11.67 |
2,598 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$433.2K
$379.1K – $505.4K
NOI $30,325 @ 7.0% cap · market cap 3.81%
Second Best
Apartment 5plus
$341.3K
$298.7K – $398.2K
NOI $23,894 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$675.8K
$591.3K – $788.4K
NOI $47,303 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Three-residence compound with a 3/2 home plus a rear duplex featuring two 2/1 units, zoned NTM-1.
Where is this triplex located?
The property is located at 4651 22ND Avenue N St Petersburg, FL.
What is the asking price?
The asking price for this property is $794,900.
What are key features of this property?
This property features: “3 homes in one” setup: a 3BR/2BA front home plus a rear duplex with two 2BR/1BA units; Rear duplex is under construction; listing notes a brand‑new construction duplex in the rear; Year built 1952 with block and stucco construction and a shingle roof
