Single-Story
For Sale
$899,900
544 93rd Ave N, St Petersburg, FL 33702
Four-unit garden-style property with recent exterior upgrades, individual electrical meters, tenant storage, laundry, and rear parking.
Property Size3,097 SF
Lot Size0.28 Acres
Price / SF$290.57
Days on Market88
Property Features for 544 93rd Ave N
General Information
Standard status
Active
Size
3,097 SF
Lot size
0.28 Acres
Property subtype
Multi-Family
Occupancy
75%
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
4
Amenities
storage room
coin-operated laundry room
parking pad with carport
landscaping
artificial turf
irrigation system
Building Details
Year Built
1979
Buildings
2
Stories
1
Construction
garden-style
Listing Agency:
KELLER WILLIAMS ST PETE REALTY
Listed By:
Zach Zehnder · License #3237387
(727) 742-0261
Source:
Fulcrum-residential
Added: Jul 20
Changed: Oct 7
Last Checked: Oct 4 at 1:10PM
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 KELLER WILLIAMS ST PETE REALTY
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Investment Insights
Based on property information with market context.
This 3,097-square-foot quadplex comprises two concrete block duplexes on two lots totaling 0.28 acres. The eastern building contains two 2-bedroom, 1-bath residences of approximately 904 living square feet each, while the western building includes two 1-bedroom, 1-bath residences of approximately 644 living square feet each. Porches serve the units, and three residences are tenant-occupied.
Recent capital work includes hurricane impact-rated windows and doors throughout, plus roofs and gutters completed in June 2024. The grounds include landscaping, artificial turf, and irrigation. Property amenities include a large storage room, a separate coin-operated laundry room with tenant cabinets, and rear parking with a carport accessed from the alley. Each unit has its own electrical meter; the eastern duplex has separate water, sewer, and trash accounts by unit, while the western duplex shares one account. The property is located at 544 93rd Ave N in St Petersburg, with access to I-275, Tampa, and Downtown St. Pete.
Recent capital work includes hurricane impact-rated windows and doors throughout, plus roofs and gutters completed in June 2024. The grounds include landscaping, artificial turf, and irrigation. Property amenities include a large storage room, a separate coin-operated laundry room with tenant cabinets, and rear parking with a carport accessed from the alley. Each unit has its own electrical meter; the eastern duplex has separate water, sewer, and trash accounts by unit, while the western duplex shares one account. The property is located at 544 93rd Ave N in St Petersburg, with access to I-275, Tampa, and Downtown St. Pete.
Key Highlights
- Four units across two concrete block duplexes; three units are tenant‑occupied
- Two 2‑bedroom units at approximately 904 living square feet each and two 1‑bedroom units at approximately 644 living square feet each
- Two lots totaling 0.28 acres with a 3,097‑square‑foot property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,149
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$722,980
$723.0K
Cap Rate 7%
$516,414
$516.4K
Cap Rate 9%
$401,656
$401.7K
Market Conditions
NOI Build-Up for 3,097 SF
Gross rent
$55.4K $17.88/SF
− Vacancy
−$3.7K −$1.21/SF
EGI
$51.6K $16.67/SF
− OpEx
−$15.5K −$5.00/SF
NOI
$36.1K $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%
$722,980
Cap Rate 7%
$516,414
Cap Rate 9%
$401,656
Alternative Uses
Best Use
Multifamily LT 5
$516.4K
$451.9K – $602.5K
NOI $36,149 @ 7.0% cap · market cap 4.02%
Second Best
Apartment 5plus
$406.9K
$356.0K – $474.7K
NOI $28,483 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$805.6K
$704.9K – $939.8K
NOI $56,389 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
75%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,303
Businesses Nearby
Explore this area
Business Placement
Demographics for 33702, FL
29,996
Population
16,240
Households
1.8
Avg Household Size
44
Median Age
38%
College-Educated
91%
High-School Grad
10.4 sq mi
ZIP Area
2,884
Density / Sq Mi
$65,503
Median Household Income
$43,860
Median Earnings
$1,369
Median Rent
$293,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit garden-style property with recent exterior upgrades, individual electrical meters, tenant storage, laundry, and rear parking.
Where is this quadplex located?
The property is located at 544 93rd Ave N St Petersburg, FL.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Four units across two concrete block duplexes; three units are tenant‑occupied; Two 2‑bedroom units at approximately 904 living square feet each and two 1‑bedroom units at approximately 644 living square feet each; Two lots totaling 0.28 acres with a 3,097‑square‑foot property
