Updated 3-Unit Residential
New
For Sale
$900,000
5020 10TH AVE N, St Petersburg, FL 33710
Three residences offer a combined seven bedrooms and six bathrooms, with updated kitchens and refreshed baths.
Property Size2,236 SF
Days on Market5
Property Features for 5020 10TH AVE N
General Information
Standard status
Active
Size
2,236 SF
Total Parking Spaces
4
Property subtype
Half Duplex
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 3BR/2BA, 2 x 2BR/2BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$8,764
Building Details
Building Size
2,236 SF
Year Built
1962
Listing Agency:
KELLER WILLIAMS TAMPA CENTRAL
Listed By:
Maggie Karapiperis · License #3616194
(352) 406-9183
Source:
Judibeck
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 1 at 9:09AM
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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Investment Insights
Based on property information with market context.
This triplex contains three separate residences totaling 7 bedrooms and 6 bathrooms across 2,236 square feet. The primary unit has 3 bedrooms and 2 bathrooms; each of the two other units offers 2 bedrooms and 2 bathrooms in a split-bedroom layout. Updated interiors include modern kitchens, quartz countertops, stainless steel appliances, refreshed bathrooms, and contemporary finishes. The building dates to 1962, and the two additional units were completed in 2022.
Parking includes a four-car driveway at the rear, with additional street parking in front. I-275 provides access to Downtown St. Petersburg, dining, shopping, entertainment, and area beaches.
Parking includes a four-car driveway at the rear, with additional street parking in front. I-275 provides access to Downtown St. Petersburg, dining, shopping, entertainment, and area beaches.
Key Highlights
- Three separate residences with a combined 7 bedrooms and 6 bathrooms
- Primary unit: 3 bedrooms and 2 bathrooms
- Two additional units, each with 2 bedrooms and 2 bathrooms; completed in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,100
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,000
$522.0K
Cap Rate 7%
$372,857
$372.9K
Cap Rate 9%
$290,000
$290.0K
Market Conditions
NOI Build-Up for 2,236 SF
Gross rent
$40.0K $17.88/SF
− Vacancy
−$2.7K −$1.21/SF
EGI
$37.3K $16.67/SF
− OpEx
−$11.2K −$5.00/SF
NOI
$26.1K $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%
$522,000
Cap Rate 7%
$372,857
Cap Rate 9%
$290,000
Alternative Uses
Best Use
Multifamily LT 5
$372.9K
$326.3K – $435.0K
NOI $26,100 @ 7.0% cap · market cap 2.90%
Second Best
Apartment 5plus
$293.8K
$257.1K – $342.8K
NOI $20,565 @ 7.0% cap · market cap 2.28%
Theoretical Best
Office A
$581.6K
$508.9K – $678.5K
NOI $40,712 @ 7.0% cap · market cap 4.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
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Business Placement
Demographics for 33710, FL
33,172
Population
16,767
Households
2
Avg Household Size
47
Median Age
37%
College-Educated
93%
High-School Grad
8.0 sq mi
ZIP Area
4,147
Density / Sq Mi
$76,908
Median Household Income
$46,520
Median Earnings
$1,577
Median Rent
$312,500
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 - Three residences offer a combined seven bedrooms and six bathrooms, with updated kitchens and refreshed baths.
Where is this triplex located?
The property is located at 5020 10TH AVE N St Petersburg, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Three separate residences with a combined 7 bedrooms and 6 bathrooms; Primary unit: 3 bedrooms and 2 bathrooms; Two additional units, each with 2 bedrooms and 2 bathrooms; completed in 2022
