Multifamily Property with
6179 1ST AVENUE N, St Petersburg, FL 33710
For Sale
$695,000
A duplex layout with additional ADU units is complemented by garage space and contemporary interior features.
Property Size2,047 SF
Price / SF$339.52
Days on Market22
Property Features for 6179 1ST AVENUE N
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
Hurricane Shutters
Lighting
Private Mailbox
Building Details
Building Size
Year Built
Listing Agency:
CHEVON EATON
Listed By:
Chevon Eaton · License FL #3554115
(409) 996-9999
Source:
Capitalcaldwell
Added: Oct 20
Changed: Nov 7
Last Checked: Nov 9 at 3:27PM
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 CHEVON EATON
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property is under construction and is listed with a 2026 year built. Its configuration includes a duplex and additional ADU units, along with a garage for parking or storage. The 2,047 property-size figure is not stated with a unit, so it is not characterized here as a square-foot measurement.
Interior features include an open-plan layout, a contemporary kitchen with new appliances, modern bathrooms, and updated finishes. The property is at 6179 1st Avenue N in St. Petersburg, with shopping, dining, beaches, entertainment, and major roadways described as accessible from the area.
Interior features include an open-plan layout, a contemporary kitchen with new appliances, modern bathrooms, and updated finishes. The property is at 6179 1st Avenue N in St. Petersburg, with shopping, dining, beaches, entertainment, and major roadways described as accessible from the area.
Key Highlights
- Duplex configuration with additional ADU units
- Under construction; year built listed as 2026
- Garage provides parking or storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,215
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$444,300
$444.3K
Cap Rate 7%
$317,357
$317.4K
Cap Rate 9%
$246,833
$246.8K
Market Conditions
NOI Build-Up for 2,047 SF
Gross rent
$43.5K $21.24/SF
− Vacancy
−$3.1K −$1.51/SF
EGI
$40.4K $19.73/SF
− OpEx
−$18.2K −$8.88/SF
NOI
$22.2K $10.85/SF
Area
Pinellas County, FL
Vacancy
7.10%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$444,300
Cap Rate 7%
$317,357
Cap Rate 9%
$246,833
Alternative Uses
Best Use
Apartment 5plus
$317.4K
$277.7K – $370.3K
NOI $22,215 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$532.4K
$465.9K – $621.2K
NOI $37,271 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,011
Businesses Nearby
Explore this area
Business Placement
Demographics for 33710, FL
33,172
Population
16,767
Households
2
Avg Household Size
47
Median Age
37%
College-Educated
93%
High-School Grad
8.0 sq mi
ZIP Area
4,147
Density / Sq Mi
$76,908
Median Household Income
$46,520
Median Earnings
$1,577
Median Rent
$312,500
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in St Petersburg, FL
Properties on Market for Multifamily properties in St Petersburg
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - A duplex layout with additional ADU units is complemented by garage space and contemporary interior features.
Where is this multifamily property located?
The property is located at 6179 1ST AVENUE N St Petersburg, FL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Duplex configuration with additional ADU units; Under construction; year built listed as 2026; Garage provides parking or storage space
