Triplex with Private
For Sale
Under Contract
$1,100,000
540 11TH Avenue N, St Petersburg, FL 33701
Residential Income, ST PETERSBURG, FL
Property Size3,077 SF
Lot Size0.11 Acres
Price / SF$357.49
Days on Market118
Property Features for 540 11TH Avenue N
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 3, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 5, Bathroom 1, Bathroom 4, Bedroom 6, Bedroom 7, Bedroom 1
Interior features
Built-in Features
Exterior features
Courtyard
Fireplace
1
Subdivision
AVOCADO SUB
Directions
Head East on 9th Avenue N. Then head North on 6th Street N. Then head East on 11th Avenue N. The property will be located on your right.
Standard status
Active Under Contract
APN
18-31-17-01872-000-0140
Size
3,077 SF
Lot size
0.11 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
AVOCADO SUB LOT 14
Tax Annual Amount
16181
Legal Description
AVOCADO SUB LOT 14
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1925
Number of units
3
Building materials
Frame
Roof type
Shingle
Buildings
2
Listing Agency:
PLATINUM REAL ESTATE
(888) 974-7253
Listed By:
Mark Zervos · License #2014001304
(239) 264-1100
Added: Jul 6
Changed: Oct 29
Last Checked: Oct 31 at 11:06PM
MLS# TB8524935
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.
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Investment Insights
Based on property information with market context.
This 3,077-square-foot triplex on a 0.11-acre lot consists of a detached three-bedroom home and a neighboring duplex. The front residence has one full and one half bath, wood floors, built-ins, a covered porch, rear patio access, and a detached one-car garage. The duplex includes an upper unit with flexible two- to three-bedroom space, an updated kitchen and bath, separate living and dining rooms, and in-unit laundry. Its lower unit has two bedrooms and an enclosed front porch. A courtyard serves the property, and roof work has been completed recently.
Built in 1925, the property is in St. Petersburg’s Historic Uptown, north of downtown. Restaurants, parks, and waterfront amenities are among the nearby destinations. The residences are tenant-occupied, and the property has public water and sewer service.
Built in 1925, the property is in St. Petersburg’s Historic Uptown, north of downtown. Restaurants, parks, and waterfront amenities are among the nearby destinations. The residences are tenant-occupied, and the property has public water and sewer service.
Key Highlights
- Three residences: one detached home and a duplex
- 3,077 square feet on a 0.11‑acre lot
- Detached home has 3 bedrooms, 1.5 bathrooms, and a one‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,916
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$718,320
$718.3K
Cap Rate 7%
$513,086
$513.1K
Cap Rate 9%
$399,067
$399.1K
Market Conditions
NOI Build-Up for 3,077 SF
Gross rent
$55.0K $17.88/SF
− Vacancy
−$3.7K −$1.21/SF
EGI
$51.3K $16.67/SF
− OpEx
−$15.4K −$5.00/SF
NOI
$35.9K $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%
$718,320
Cap Rate 7%
$513,086
Cap Rate 9%
$399,067
Alternative Uses
Best Use
Multifamily LT 5
$513.1K
$449.0K – $598.6K
NOI $35,916 @ 7.0% cap · market cap 3.27%
Second Best
Apartment 5plus
$404.3K
$353.7K – $471.7K
NOI $28,299 @ 7.0% cap · market cap 2.57%
Theoretical Best
Office A
$800.4K
$700.3K – $933.8K
NOI $56,025 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,719
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - The three residences comprise a separate single-family home and a two-unit building.
Where is this triplex located?
The property is located at 540 11TH Avenue N St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Three residences: one detached home and a duplex; 3,077 square feet on a 0.11‑acre lot; Detached home has 3 bedrooms, 1.5 bathrooms, and a one‑car garage
