Six-Unit Apartment Property with
For Sale
$1,000,000
633 7TH Avenue N, St Petersburg, FL 33701
Commercial Sale, ST PETERSBURG, FL
Property Size3,343 SF
Lot Size0.10 Acres
Price / SF$299.13
Days on Market66
Property Features for 633 7TH Avenue N
General Information
Property type
Commercial Sale
Property subtype
Other
Appliances
Refrigerator
Subdivision
SAFFORDS ADD REV
Lot features
Corner Lot, Neighbourhood
Directions
Property is on corner of 7th Ave and alleyway.
Standard status
Active
APN
18-31-17-77814-005-0060
Size
3,343 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SAFFORD'S ADD REVISED BLK 5, E 43.33 FT OF LOTS 6 AND 7
Tax Annual Amount
13383
Legal Description
SAFFORD'S ADD REVISED BLK 5, E 43.33 FT OF LOTS 6 AND 7
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1925
Number of units
6
Flooring type
Laminate, Tile
Building materials
Frame
Roof type
Shingle
Listing Agency:
REAL BROKER, LLC
(855) 450-0442
Listed By:
D.J. Bryant · License #3415242
(941) 400-0101
Added: Jun 23
Changed: Aug 24
Last Checked: Aug 27 at 3:06PM
MLS# A4697190
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.
Investment Insights
Based on property information with market context.
This apartment property comprises two buildings with six units on a 0.1-acre site. The front structure contains four apartments, including one-bedroom, two-bedroom, and dorm-style configurations. A detached rear building adds two studio apartments above four garage bays, which may support storage or separate rental use. Both buildings feature large front porches, while the site provides parking for two vehicles in front of the garages along with on-street parking. The property measures 3,343 square feet and was built in 1925, with updates completed in 2026.
Located at 633 7th Avenue N in St. Petersburg, the property is less than two blocks from Downtown St. Pete and under 30 minutes from Downtown Tampa and the Gulf Beaches. Public water and sewer serve the property, with electricity available. Construction is frame, with laminate and tile flooring, shingle roofing, ductless heating, and wall or window-unit cooling. Professional property management is in place and willing to continue.
Located at 633 7th Avenue N in St. Petersburg, the property is less than two blocks from Downtown St. Pete and under 30 minutes from Downtown Tampa and the Gulf Beaches. Public water and sewer serve the property, with electricity available. Construction is frame, with laminate and tile flooring, shingle roofing, ductless heating, and wall or window-unit cooling. Professional property management is in place and willing to continue.
Key Highlights
- Six total apartment units across two buildings
- 3,343 SF property on a 0.1‑acre site
- Detached building includes two studios above 4 garage bays
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,746
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$614,920
$614.9K
Cap Rate 7%
$439,229
$439.2K
Cap Rate 9%
$341,622
$341.6K
Market Conditions
NOI Build-Up for 3,343 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$60.2K $18.00/SF
− Vacancy
−$4.3K −$1.28/SF
EGI
$55.9K $16.72/SF
− OpEx
−$25.2K −$7.52/SF
NOI
$30.7K $9.20/SF
Area
Pinellas County, FL
Vacancy
7.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$614,920
Cap Rate 7%
$439,229
Cap Rate 9%
$341,622
Alternative Uses
Best Use
Apartment 5plus
$439.2K
$384.3K – $512.4K
NOI $30,746 @ 7.0% cap · market cap 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$869.5K
$760.9K – $1.01M
NOI $60,868 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,221
Businesses Nearby
Explore this area
Business Placement
Demographics for 33701, FL
19,137
Population
13,434
Households
1.4
Avg Household Size
48
Median Age
55%
College-Educated
96%
High-School Grad
2.7 sq mi
ZIP Area
7,088
Density / Sq Mi
$69,098
Median Household Income
$48,072
Median Earnings
$1,531
Median Rent
$590,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-building income property with varied apartment layouts, front porches, garage space, and established property management.
Where is this apartment building located?
The property is located at 633 7TH Avenue N St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Six total apartment units across two buildings; 3,343 SF property on a 0.1‑acre site; Detached building includes two studios above 4 garage bays
