Updated Triplex With Vacant
For Sale
$825,000
5136 68TH Street N, St Petersburg, FL 33709
Residential Income, ST PETERSBURG, FL
Property Size4,198 SF
Lot Size0.24 Acres
Price / SF$196.52
Days on Market55
Property Features for 5136 68TH Street N
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RM-7.5
Bedrooms
10
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 10, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 9, Bedroom 4, Bedroom 6, Bedroom 3, Bedroom 7, Bathroom 4, Bathroom 3, Bedroom 1, Bedroom 8
Window features
Double Pane Windows, Aluminum Frames
Patio and Porch features
Porch, Deck
Interior features
Ceiling Fans(s), Primary Bedroom Main Floor, PrimaryBedroom Upstairs, Solid Wood Cabinets, Stone Counters
Exterior features
Balcony, Sidewalk
Fireplace
1
Appliances
Cooktop, Dishwasher, Disposal, Electric Water Heater, Gas Water Heater, Microwave, Range, Refrigerator
Subdivision
PINE LAKE PARK
Lot features
In County, Oversized Lot, Sidewalk, Paved, Unincorporated
Directions
66th ST TO 54TH AVE N, WEST TO 68TH ST. SOUTH TO PROPERTY ON WEST SIDE.
Standard status
Active
APN
06-31-16-69516-001-0040
Size
4,198 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
PINE LAKE PARK BLK A, LOTS 4,5 AND 6
Tax Annual Amount
112
Legal Description
PINE LAKE PARK BLK A, LOTS 4,5 AND 6
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central, Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1975
Floors in Building
2
Number of units
3
Flooring type
Carpet, Vinyl, Tile - Ceramic
Building materials
Block, Stucco, Vinyl Siding, Wood Siding
Roof type
Shingle
Listing Agency:
KELLER WILLIAMS ST PETE REALTY · Keller Williams Realty
(727) 894-1600
Listed By:
Brian Sandstrom · License #3431924
(727) 470-5653
Added: Aug 21
Changed: Sep 28
Last Checked: Oct 14 at 4:06AM
MLS# TB8541016
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 1975 triplex contains three separate residences totaling 4,198 square feet on a 0.24-acre parcel. The unit mix includes a 5-bedroom, 2-bath residence, a 3-bedroom, 1-bath residence, and a 2-bedroom, 1-bath residence, for 10 bedrooms overall. Two units are expected to be delivered vacant, while the remaining residence is leased. Property improvements include impact windows, renovated kitchens and bathrooms, updated flooring and interior finishes, and mini-split systems. Unit C also has newer HVAC equipment and ductwork. Additional features include balconies, porches, decks, ceiling fans, stone counters, solid wood cabinets, public water, public sewer, and a shingle roof.
The property is near 54th Avenue N and 68th Street N in Pinellas County, with shopping, dining, public transportation, downtown St. Petersburg, Gulf beaches, and Tampa identified within the surrounding access network. RM-7.5 zoning applies to the property.
The property is near 54th Avenue N and 68th Street N in Pinellas County, with shopping, dining, public transportation, downtown St. Petersburg, Gulf beaches, and Tampa identified within the surrounding access network. RM-7.5 zoning applies to the property.
Key Highlights
- Three‑unit property with 4,198 square feet of building area
- Unit mix includes 5BR/2BA, 3BR/1BA, and 2BR/1BA residences
- 10 total bedrooms across three separate residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,001
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$980,020
$980.0K
Cap Rate 7%
$700,014
$700.0K
Cap Rate 9%
$544,456
$544.5K
Market Conditions
NOI Build-Up for 4,198 SF
Gross rent
$75.1K $17.88/SF
− Vacancy
−$5.1K −$1.21/SF
EGI
$70.0K $16.67/SF
− OpEx
−$21.0K −$5.00/SF
NOI
$49.0K $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%
$980,020
Cap Rate 7%
$700,014
Cap Rate 9%
$544,456
Alternative Uses
Best Use
Multifamily LT 5
$700.0K
$612.5K – $816.7K
NOI $49,001 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$551.6K
$482.6K – $643.5K
NOI $38,609 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$1.09M
$955.4K – $1.27M
NOI $76,435 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
764
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
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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?
Triplex - Three residences feature refreshed kitchens, bathrooms, flooring, and interior finishes, with two units delivered vacant.
Where is this triplex located?
The property is located at 5136 68TH Street N St Petersburg, FL.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Three‑unit property with 4,198 square feet of building area; Unit mix includes 5BR/2BA, 3BR/1BA, and 2BR/1BA residences; 10 total bedrooms across three separate residences
