Renovated 20-Unit Apartment
For Sale
Contact for pricing
524 Dr Martin Luther King Jr St S, Saint Petersburg, FL 33701
Three-story, concrete block building with 20 one-bedroom units, recently renovated and 100% occupied.
Property SizeContact for details
Days on Market118
Property Features for 524 Dr Martin Luther King Jr St S
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
100%
Additional Details
Multifamily Units
20
Building Details
Stories
3
Construction
concrete block
Tenancy
Multi
Listing Agency:
Grimaldi Commercial Realty Corp
(813) 882-0884
Listed By:
Kari Lynn Grimaldi · License #FL BK3076744
Source:
Crexi
Added: Apr 15
Changed: Aug 8
Last Checked: Jul 23 at 6:39PM
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 Grimaldi Commercial Realty Corp
Investment Insights
Based on property information with market context.
The Downtown Pointe Apartments is a 20-unit, three-story concrete block apartment complex offering one-bedroom, one-bathroom residences. The property has recently undergone renovations, including updated flooring, kitchens, bathrooms, plumbing, interior paint, and A/C systems across all units. All 20 units are currently occupied.
The building includes a mix of short-term and long-term tenants, with more than 60% on month-to-month leases. The property is located in downtown St. Petersburg at 524 Dr Martin Luther King Jr St S.
Current ownership has self-managed the property, and a management fee option is available if a buyer prefers to transition management. Some units have also been rented successfully as short-term stays, including Airbnb.
The building includes a mix of short-term and long-term tenants, with more than 60% on month-to-month leases. The property is located in downtown St. Petersburg at 524 Dr Martin Luther King Jr St S.
Current ownership has self-managed the property, and a management fee option is available if a buyer prefers to transition management. Some units have also been rented successfully as short-term stays, including Airbnb.
Key Highlights
- 20‑unit, 3‑story concrete block apartment complex in downtown St. Petersburg
- Recently renovated; interior updates include flooring, kitchens, bathrooms, plumbing, and new paint
- All units are currently 100% occupied with a mix of short‑term and long‑term tenants
Property Analytics
Property Profile
Current Use
Lease Details
20
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,475
Businesses Nearby
Explore this area
Business Placement
Demographics for 33701, FL
19,137
Population
13,434
Households
1.4
Avg Household Size
48
Median Age
55%
College-Educated
96%
High-School Grad
2.7 sq mi
ZIP Area
7,088
Density / Sq Mi
$69,098
Median Household Income
$48,072
Median Earnings
$1,531
Median Rent
$590,900
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 - Three-story, concrete block building with 20 one-bedroom units, recently renovated and 100% occupied.
Where is this apartment building located?
The property is located at 524 Dr Martin Luther King Jr St S Saint Petersburg, FL.
What are key features of this property?
This property features: 20‑unit, 3‑story concrete block apartment complex in downtown St. Petersburg; Recently renovated; interior updates include flooring, kitchens, bathrooms, plumbing, and new paint; All units are currently 100% occupied with a mix of short‑term and long‑term tenants
