Multifamily Property with Shared
New
For Sale
$789,000
530 28TH S, St Petersburg, FL 33705
Two accessory dwelling units provide separate one-bedroom, one-bathroom accommodations in addition to the main house.
Property Size3,138 SF
Days on Market4
Property Features for 530 28TH S
General Information
Standard status
Active
Size
3,138 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$8,502
Building Details
Building Size
3,138 SF
Year Built
1926
Units
11
Listing Agency:
ACE REALTY & AUCTION LLC
Listed By:
Cynthia Clonts · License #3380780
(813) 404-3832
Source:
Elliman
Added: Oct 28
Last Checked: Oct 30 at 3:55PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property 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, a living area, and an outdoor patio furnished with a table and chairs. Laundry equipment is housed in a separate outbuilding. The property was built in 1926 and is managed by Pad Split.
At 530 28TH S in St. Petersburg, the property has access to shopping, dining, public transportation, major employers, and entertainment. Its scores are 63 for walking, 54 for biking, and 37 for transit.
At 530 28TH S in St. Petersburg, the property has access to shopping, dining, public transportation, major employers, and entertainment. Its scores are 63 for walking, 54 for biking, and 37 for transit.
Key Highlights
- Main house has 9 BR/9.5BA, with an ensuite bathroom for each bedroom
- Two separate ADUs, each with 1BR/1BA
- Shared kitchen, living area, and outdoor patio; individual mini refrigerators for each room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,628
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$732,560
$732.6K
Cap Rate 7%
$523,257
$523.3K
Cap Rate 9%
$406,978
$407.0K
Market Conditions
NOI Build-Up for 3,138 SF
Gross rent
$56.1K $17.88/SF
− Vacancy
−$3.8K −$1.21/SF
EGI
$52.3K $16.67/SF
− OpEx
−$15.7K −$5.00/SF
NOI
$36.6K $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%
$732,560
Cap Rate 7%
$523,257
Cap Rate 9%
$406,978
Alternative Uses
Best Use
Multifamily LT 5
$523.3K
$457.9K – $610.5K
NOI $36,628 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$412.3K
$360.8K – $481.0K
NOI $28,860 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$816.2K
$714.2K – $952.3K
NOI $57,135 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
2,169
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two accessory dwelling units provide separate one-bedroom, one-bathroom accommodations in addition to the main house.
Where is this multifamily property located?
The property is located at 530 28TH 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: Main house has 9 BR/9.5BA, with an ensuite bathroom for each bedroom; Two separate ADUs, each with 1BR/1BA; Shared kitchen, living area, and outdoor patio; individual mini refrigerators for each room
