Maintained Triplex with
For Sale
$457,000
5910 31ST ST N, St Petersburg, FL 33714
Three-unit property with on-site parking, varied lease terms, and an elevated non-flood-zone setting.
Property Size1,666 SF
Lot Size0.25 Acres
Days on Market307
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Property Features for 5910 31ST ST N
General Information
Standard status
Active
Size
1,666 SF
Lot size
0.25 Acres
Property subtype
Triplex
Units
Unit Mix
1 x 2BR/2BA, 2 x 1BR/1BA
Multifamily Units
3
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,483
Building Details
Building Size
1,666 SF
Year Built
1950
Listing Agency:
RICHARD PETERS REALTY LLC
Listed By:
Alexander Izikson · License #3590476
(781) 996-9676
Source:
Judibeck
Added: Dec 12, 2025
Changed: Oct 13
Last Checked: Oct 15 at 5:56AM
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 RICHARD PETERS REALTY LLC
Investment Insights
Based on property information with market context.
This 1950 triplex contains one 2-bedroom, 2-bath unit and two 1-bedroom, 1-bath units. The units are described as well maintained, with recent cosmetic work completed where needed. Two apartments are leased, while the third is occupied on a month-to-month basis. The property sits on a 0.25-acre elevated lot with space for parking and an open area between the buildings. No HOA or CDD is reported.
The property is located at 5910 31ST St N in Lealman, FL 33714, on a quiet, low-traffic street. Shopping, dining, schools, entertainment, major highways, and commuter routes are nearby, with downtown St. Pete approximately 10 minutes away. Sawgrass Lake Park is located seconds from the property and includes walking trails, elevated boardwalks, and wildlife viewing. Walk Score is 56, Bike Score is 65, and Transit Score is 35.
The property is located at 5910 31ST St N in Lealman, FL 33714, on a quiet, low-traffic street. Shopping, dining, schools, entertainment, major highways, and commuter routes are nearby, with downtown St. Pete approximately 10 minutes away. Sawgrass Lake Park is located seconds from the property and includes walking trails, elevated boardwalks, and wildlife viewing. Walk Score is 56, Bike Score is 65, and Transit Score is 35.
Key Highlights
- Three‑unit configuration: one 2‑bed/2‑bath unit and two 1‑bed/1‑bath units
- 0.25‑acre elevated lot with parking space and open area between buildings
- Two units leased; one unit occupied month to month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,446
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$388,920
$388.9K
Cap Rate 7%
$277,800
$277.8K
Cap Rate 9%
$216,067
$216.1K
Market Conditions
NOI Build-Up for 1,666 SF
Gross rent
$29.8K $17.88/SF
− Vacancy
−$2.0K −$1.21/SF
EGI
$27.8K $16.67/SF
− OpEx
−$8.3K −$5.00/SF
NOI
$19.4K $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%
$388,920
Cap Rate 7%
$277,800
Cap Rate 9%
$216,067
Alternative Uses
Best Use
Multifamily LT 5
$277.8K
$243.1K – $324.1K
NOI $19,446 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$218.9K
$191.5K – $255.4K
NOI $15,322 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$433.3K
$379.2K – $505.6K
NOI $30,334 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
946
Businesses Nearby
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Business Placement
Demographics for 33714, FL
19,905
Population
9,889
Households
2
Avg Household Size
44
Median Age
20%
College-Educated
86%
High-School Grad
3.7 sq mi
ZIP Area
5,380
Density / Sq Mi
$47,221
Median Household Income
$36,207
Median Earnings
$1,270
Median Rent
$177,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with on-site parking, varied lease terms, and an elevated non-flood-zone setting.
Where is this triplex located?
The property is located at 5910 31ST ST N St Petersburg, FL.
What is the asking price?
The asking price for this property is $457,000.
What are key features of this property?
This property features: Three‑unit configuration: one 2‑bed/2‑bath unit and two 1‑bed/1‑bath units; 0.25‑acre elevated lot with parking space and open area between buildings; Two units leased; one unit occupied month to month
