Downtown St. Petersburg Multifamily
For Sale
$2,900,000
540 14th St N, St Petersburg, FL 33705
18-unit multifamily property in downtown St. Petersburg, fully occupied.
Property Size70,480 SF
Price / SF$41.15
Days on Market209
Property Features for 540 14th St N
General Information
Standard status
Active
Size
70,480 SF
Property subtype
Multi-Family
Building Details
Year Built
1977
Listing Agency:
ELITE TAMPA BAY REALTY LLC
Listed By:
David Weylie · License #3185121
(727) 324-9274
Source:
Fulcrum-residential
Added: Mar 11
Changed: Oct 2
Last Checked: Oct 4 at 10:52AM
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 ELITE TAMPA BAY REALTY LLC
Investment Insights
Based on property information with market context.
This 18-unit multifamily property is located in downtown St. Petersburg and is currently 100% occupied. The property generates an annual gross income of $323,604. The unit mix includes 4 two-bedroom apartments, 4 two-bedroom single-family homes, 3 studio apartments, and 7 one-bedroom apartments. The sale also includes a lot located between 610 14th Street and 544 14th St N. Situated next to Baycare's St Anthony's Hospital, the property benefits from a consistently high occupancy rate due to its downtown location and proximity to the hospital. There is potential for improvements and increased rents, as current rents are reportedly 15-20% below market with 60-day termination clauses. This property is intended for investment purposes.
Key Highlights
- Value‑add opportunity with potential to increase rents (15‑20% below market).
- High occupancy rate due to desirable downtown St. Petersburg location and proximity to St. Anthony's Hospital.
- Strong annual gross income of $323,604.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,035
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
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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?
Apartment building - 18-unit multifamily property in downtown St. Petersburg, fully occupied.
Where is this apartment building located?
The property is located at 540 14th St N St Petersburg, FL.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Value‑add opportunity with potential to increase rents (15‑20% below market).; High occupancy rate due to desirable downtown St. Petersburg location and proximity to St. Anthony's Hospital.; Strong annual gross income of $323,604.
