Six-Unit Apartment
For Sale
$975,000
5050 74TH Street N, St Petersburg, FL 33709
MULTI_FAMILY - ST PETERSBURG, FL
Property Size3,409 SF
Lot Size0.36 Acres
Price / SF$286.01
Days on Market693
Property Features for 5050 74TH Street N
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-4
Bedrooms
9
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 6, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 8, Bathroom 1, Bedroom 9, Bathroom 2, Bathroom 6, Bathroom 4, Bathroom 3, Bedroom 7, Bedroom 2, Bathroom 5
Interior features
Ceiling Fans(s)
Exterior features
Lighting, Sidewalk
Subdivision
ST. PETE
Directions
I-275 EXIT AT 54TH AVE. N. HEAD WEST TO 71ST. N. TURN LEFT, GO TO 50TH AVE. TURN RIGHT, AT END OF STREET TURN RIGHT ONTO 74TH ST. TO ADDRESS.
Standard status
Active
APN
06-31-16-00000-220-1700
Size
3,409 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
PART OF NW 1/4 OF NW 1/4 OF SEC 6-31-16 DESC FROM SE COR OF NW 1/4 OF NW 1/4 OF SEC TH N00D47'45"E 160.08FT FOR POB TH N89D45'10"W 142.63FT TO E'LY R/W OF JOE'S CREEK TH CUR RT RAD 1198.57FT ARC 101.4FT CB N14D33'35"W 101.37FT TH S89D45'10"E 169.48FT TH S00D47'45"W 98FT TO POB
Tax Annual Amount
6836
Legal Description
PART OF NW 1/4 OF NW 1/4 OF SEC 6-31-16 DESC FROM SE COR OF NW 1/4 OF NW 1/4 OF SEC TH N00D47'45"E 160.08FT FOR POB TH N89D45'10"W 142.63FT TO E'LY R/W OF JOE'S CREEK TH CUR RT RAD 1198.57FT ARC 101.4FT CB N14D33'35"W 101.37FT TH S89D45'10"E 169.48FT TH S00D47'45"W 98FT TO POB
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Water front
1
Building Details
Year built
1980
Number of units
6
Building materials
Stucco
Roof type
Shingle
Listing Agency:
LPT REALTY
(877) 366-2213
Listed By:
Steven Sallo · License #3550258
(727) 260-2142
Added: Sep 11, 2024
Changed: Aug 1
Last Checked: Aug 4 at 7:06AM
MLS# TB8303107
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 six-unit apartment building is situated on a 0.36-acre lot and was built in 1980, with stucco construction and a shingle roof. The property is fully occupied with tenants on month-to-month agreements. Interior features include ceiling fans, and the building is heated and cooled with central systems. The seller states foundation repairs have been completed and the property has been recently remodeled.
The listing also describes an included additional waterfront lot and approximately 135 ft of water frontage. Utilities are identified as public water and public sewer, with cable available. Zoning is R-4.
Unit mix is listed as three two-bedroom, one-bath units, two studio, and one one-bedroom, one-bath unit. The listing notes upgraded plumbing and upgraded electrical completed about four years ago, and it states the air conditioning is about four years old. It also mentions no laundry is currently onsite, with an opportunity described for an additional laundry facility as part of an ADU-type build.
The listing also describes an included additional waterfront lot and approximately 135 ft of water frontage. Utilities are identified as public water and public sewer, with cable available. Zoning is R-4.
Unit mix is listed as three two-bedroom, one-bath units, two studio, and one one-bedroom, one-bath unit. The listing notes upgraded plumbing and upgraded electrical completed about four years ago, and it states the air conditioning is about four years old. It also mentions no laundry is currently onsite, with an opportunity described for an additional laundry facility as part of an ADU-type build.
Key Highlights
- Six units with tenants on month‑to‑month agreements
- 0.36‑acre lot with approximately 135 ft of water frontage
- R‑4 zoning
Financial Insights For Apartment 5plus
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 | $61.4k | $18.00 |
| − Vacancy | −$4.4k | −$1.28 |
| EGI | $57.0k | $16.72 |
| − OpEx | −$25.7k | −$7.52 |
| NOI | $31.4k | $9.20 |
3,409 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$447.9K
$391.9K – $522.6K
NOI $31,353 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$886.7K
$775.9K – $1.03M
NOI $62,070 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
721
Businesses Nearby
Explore this area
Business Placement
Demographics for 33709, FL
27,026
Population
13,767
Households
2
Avg Household Size
50
Median Age
19%
College-Educated
86%
High-School Grad
5.1 sq mi
ZIP Area
5,299
Density / Sq Mi
$52,621
Median Household Income
$35,488
Median Earnings
$1,317
Median Rent
$190,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - R-4 zoned, fully occupied six-unit property with month-to-month tenants and central air.
Where is this apartment building located?
The property is located at 5050 74TH Street N 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: Six units with tenants on month‑to‑month agreements; 0.36‑acre lot with approximately 135 ft of water frontage; R‑4 zoning
