Three-Unit Income
5910 31ST Street N, St Petersburg, FL 33714
For Sale
$457,000
Residential Income, ST PETERSBURG, FL
Property Size1,666 SF
Lot Size0.25 Acres
Price / SF$274.31
Days on Market333
Property Features for 5910 31ST Street N
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Exterior features
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
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Cooling system
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Building Details
Year built
Number of units
Building materials
Roof type
Listing Agency:
RICHARD PETERS REALTY LLC
(352) 448-9712
Listed By:
Alexander Izikson · License FL #3590476
(781) 996-9676
Added: Dec 12, 2025
Changed: Nov 6
Last Checked: Nov 9 at 11:06AM
MLS# TB8456013
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 1,666-square-foot triplex, built in 1950, contains one two-bedroom, two-bath unit and two one-bedroom, one-bath units. The property sits on a 0.25-acre lot and includes stucco construction, central air, electric heating, public water, and public sewer. Recent cosmetic repairs were completed, and the units are described as well maintained.
Two units are occupied under leases, while the third is rented month to month. The elevated lot is identified as outside the flood zone, with space available for parking. The property is on a low-traffic street near shopping, dining, schools, entertainment, major highways, commuter routes, and Sawgrass Lake Park. Downtown St. Petersburg is approximately 10 minutes away.
Two units are occupied under leases, while the third is rented month to month. The elevated lot is identified as outside the flood zone, with space available for parking. The property is on a low-traffic street near shopping, dining, schools, entertainment, major highways, commuter routes, and Sawgrass Lake Park. Downtown St. Petersburg is approximately 10 minutes away.
Key Highlights
- Three‑unit configuration: one 2‑bed/2‑bath unit and two 1‑bed/1‑bath units
- 1,666‑square‑foot triplex on a 0.25‑acre lot
- 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
$258.3K
$226.0K – $301.3K
NOI $18,080 @ 7.0% cap · market cap 3.96%
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.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
946
Businesses Nearby
Explore this area
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
$177,500
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in St Petersburg, FL
Properties on Market for Triplexes in St Petersburg
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - R-4-zoned triplex with two leased units and one month-to-month tenancy.
Where is this triplex located?
The property is located at 5910 31ST Street 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; 1,666‑square‑foot triplex on a 0.25‑acre lot; Two units leased; one unit occupied month to month
