Multifamily Property With
New
For Sale
$789,000
530 28TH AVENUE S, St Petersburg, FL 33705
A shared kitchen and living area serve the main house, with additional living space in two detached accessory dwelling units.
Property Size3,428 SF
Price / SF$230.16
Days on Market7
Property Features for 530 28TH AVENUE S
General Information
Standard status
Active
Size
3,428 SF
Property subtype
Multi-Family 5+
Additional Details
Public Transit
Yes
Currently Operating
Yes
Amenities
shared kitchen
shared living area
outdoor patio
laundry facilities
individual mini refrigerators
Building Details
Year Built
1926
Buildings
4
Listing Agency:
ACE REALTY & AUCTION LLC
(813) 567-7198
Listed By:
Cynthia Clonts · License #3380780
(813) 404-3832
Source:
Endlesssummerrealty
Added: Oct 26
Changed: Oct 31
Last Checked: Oct 30 at 4:42PM
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 ACE REALTY & AUCTION LLC
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Investment Insights
Based on property information with market context.
This 3,428-square-foot multifamily property, built in 1926, includes a 9-bedroom, 9.5-bathroom main house and two separate accessory dwelling units, each with 1 bedroom and 1 bathroom. Every bedroom has an ensuite bath. Residents share a kitchen with an individual mini refrigerator for each room, along with a common living area. A separate outbuilding contains the laundry equipment, and the property also has an outdoor patio with tables and chairs.
The property is in an in-town setting with access to shopping, dining, public transportation, major employers, and entertainment. PadSplit manages the property.
The property is in an in-town setting with access to shopping, dining, public transportation, major employers, and entertainment. PadSplit manages the property.
Key Highlights
- 3,428 square feet; built in 1926
- Main house has 9 bedrooms and 9.5 bathrooms, with ensuite baths for each bedroom
- Two separate accessory dwelling units, each with 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,528
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,560
$630.6K
Cap Rate 7%
$450,400
$450.4K
Cap Rate 9%
$350,311
$350.3K
Market Conditions
NOI Build-Up for 3,428 SF
Gross rent
$61.7K $18.00/SF
− Vacancy
−$4.4K −$1.28/SF
EGI
$57.3K $16.72/SF
− OpEx
−$25.8K −$7.52/SF
NOI
$31.5K $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%
$630,560
Cap Rate 7%
$450,400
Cap Rate 9%
$350,311
Alternative Uses
Best Use
Apartment 5plus
$450.4K
$394.1K – $525.5K
NOI $31,528 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$891.6K
$780.2K – $1.04M
NOI $62,415 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,069
Businesses Nearby
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Business Placement
Demographics for 33705, FL
27,915
Population
15,171
Households
1.8
Avg Household Size
43
Median Age
36%
College-Educated
92%
High-School Grad
5.6 sq mi
ZIP Area
4,985
Density / Sq Mi
$70,783
Median Household Income
$40,370
Median Earnings
$1,457
Median Rent
$321,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - A shared kitchen and living area serve the main house, with additional living space in two detached accessory dwelling units.
Where is this multifamily property located?
The property is located at 530 28TH AVENUE S St Petersburg, FL.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: 3,428 square feet; built in 1926; Main house has 9 bedrooms and 9.5 bathrooms, with ensuite baths for each bedroom; Two separate accessory dwelling units, each with 1 bedroom and 1 bathroom
