10-Unit Apartment
For Sale
Under Contract
$1,375,000
500 75TH Avenue N, St Petersburg, FL 33702
Commercial Sale, ST PETERSBURG, FL
Property Size6,208 SF
Lot Size0.34 Acres
Price / SF$221.49
Days on Market77
Property Features for 500 75TH Avenue N
General Information
Property type
Commercial Sale
Property subtype
Other
Appliances
Microwave, Refrigerator
Subdivision
MULLERS SUB ADD
Lot features
Corner Lot, Flood Zone, City Limits, Landscaped, Street Lights
Directions
From St. Pete-Clearwater International Airport (PIE), exit the airport and head south on Roosevelt Boulevard (FL-686 E). Merge onto I-275 South toward St. Petersburg. Take Exit 26A for 54th Avenue North, then turn left (east) onto 54th Avenue N. Continue to 4th Street North (US-92) and turn left (north). Turn right onto 75th Avenue North, then turn left onto 5th Street North. The property at 500 75th Ave N, St. Petersburg, FL 33702 will be on your left.
Standard status
Active Under Contract
APN
30-30-17-59418-000-0190
Size
6,208 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
MULLER'S SUB ADD LOTS 19 AND 20
Tax Annual Amount
15710
Legal Description
MULLER'S SUB ADD LOTS 19 AND 20
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Amenities
laundry room
Building Details
Year built
1973
Floors in Building
1
Number of units
10
Flooring type
Vinyl, Tile, Tile - Ceramic
Building materials
Block
Roof type
Shingle
Listing Agency:
COMPASS FLORIDA LLC
(727) 380-2067
Listed By:
Kim Meredith-Hampton · License #601196
(407) 448-6679
Added: Jul 27
Changed: Oct 5
Last Checked: Oct 11 at 10:06PM
MLS# TB8532694
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.
The Isle of St. Croix Apartments is a 10-unit, single-story community in three concrete block buildings. Each apartment has one bedroom and one bathroom across approximately 600 square feet, with a living area, eat-in kitchen, breakfast bar, oversized bedroom, walk-in closet, and private patio. A shared laundry room serves the property. The buildings were constructed in 1973, and the apartments have central heating and air conditioning.
The 0.34-acre property is at 500 75TH Avenue N in St. Petersburg, with access to public sewer. Residents pay electric and water/sewer charges, while the owner covers trash, lawn care, and pest service.
The 0.34-acre property is at 500 75TH Avenue N in St. Petersburg, with access to public sewer. Residents pay electric and water/sewer charges, while the owner covers trash, lawn care, and pest service.
Key Highlights
- 10 one‑bedroom, one‑bathroom apartments, approximately 600 square feet each
- Three single‑story concrete block buildings
- Shared laundry room and private patio space for each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,096
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,141,920
$1.1M
Cap Rate 7%
$815,657
$815.7K
Cap Rate 9%
$634,400
$634.4K
Market Conditions
NOI Build-Up for 6,208 SF
Gross rent
$111.7K $18.00/SF
− Vacancy
−$7.9K −$1.28/SF
EGI
$103.8K $16.72/SF
− OpEx
−$46.7K −$7.52/SF
NOI
$57.1K $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%
$1,141,920
Cap Rate 7%
$815,657
Cap Rate 9%
$634,400
Alternative Uses
Best Use
Apartment 5plus
$815.7K
$713.7K – $951.6K
NOI $57,096 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $113,032 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
10
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,598
Businesses Nearby
Explore this area
Business Placement
Demographics for 33702, FL
29,996
Population
16,240
Households
1.8
Avg Household Size
44
Median Age
38%
College-Educated
91%
High-School Grad
10.4 sq mi
ZIP Area
2,884
Density / Sq Mi
$65,503
Median Household Income
$43,860
Median Earnings
$1,369
Median Rent
$293,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Three block buildings provide one-bedroom apartments with private patios and shared laundry facilities.
Where is this apartment building located?
The property is located at 500 75TH Avenue N St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: 10 one‑bedroom, one‑bathroom apartments, approximately 600 square feet each; Three single‑story concrete block buildings; Shared laundry room and private patio space for each apartment
