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Value-Add Multifamily Opportunity

7180 50TH AVENUE N St Petersburg, FL 33709

7180 50TH AVENUE N, St Petersburg, FL, 33709
$600,000
For Sale
Claim this Listing
$600,000

Quadruplex - ST PETERSBURG, FL

Property Size3,607 SF
Lot Size0.27 Acres
Price / SF$166.34
AddedMay 28
Days on Market48
Last RefreshJul 14 at 6:06 pm

Property Features for 7180 50TH AVENUE N

General Information

Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R-4
Bedrooms
9
Rooms
Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
Exterior features
Balcony, Courtyard, Private Mailbox
Standard status
Active
APN
06-31-16-02610-004-0060
Size
3,607 SF
Lot size
0.27 Acres

Taxes and HOA fees

Tax Year
2024
Tax Annual Amount
9600.94

Utilities

Heating system
Central
Cooling system
Central Air

Building Details

Year built
1949
Number of units
5
Building materials
Block
Roof type
Built-Up, Membrane
Architectural style
Other

Listing agent Brian Sandstrom License #3431924

Listing office KELLER WILLIAMS ST PETE REALTY 360 Central Ave Suite 600, Saint Petersburg, FL

Listing date May 28, 2026

MLS# TB8513067 Listing URL

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 multifamily property, located in unincorporated St. Petersburg, presents a value-add opportunity. Situated on a 0.27-acre lot, the concrete block property is configured as six units. The property requires significant renovation. The lot size, existing unit configuration, block construction, and central Pinellas location make this a compelling repositioning opportunity. Buyers may also explore future expansion, redevelopment, or alternative use possibilities, subject to county approval, zoning, permitting, and due diligence. Located in unincorporated Pinellas County near major roads, shopping, dining, and Gulf Coast destinations, this property offers flexibility that is increasingly difficult to find. The property is 3607 square feet. The property is currently configured as 6 units, offering multiple paths for future rental income, owner-occupancy, house hacking, or long-term portfolio growth once renovated.

Key Highlights

  • Value‑add opportunity with significant renovation potential for increased rental income or resale.
  • Six existing units offer flexibility for rental income, owner‑occupancy, or house hacking.
  • Spacious 0.27‑acre lot allows for potential expansion, redevelopment, or alternative uses (subject to county approval).

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $64.9k $18.00
− Vacancy −$4.6k −$1.28
EGI $60.3k $16.72
− OpEx −$27.1k −$7.52
NOI $33.2k $9.20
3,607 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$473.9K
$414.7K – $552.9K (±1% cap)
NOI $33,174 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$938.2K
$820.9K – $1.09M (±1% cap)
NOI $65,675 @ 7.0% cap · market cap 10.95%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Real Estate Agency Parking Lot & Garage Accounting Firm Daycare Center Kitchen & Bath Showroom Hair Salon Computer & Electronic Repair (Bike/Boat/Book/etc) Store Electrical Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Six-unit multifamily property with renovation needs in St. Petersburg.
Where is this apartment building located?
The property is located at 7180 50TH AVENUE N St Petersburg, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Value‑add opportunity with significant renovation potential for increased rental income or resale.; Six existing units offer flexibility for rental income, owner‑occupancy, or house hacking.; Spacious 0.27‑acre lot allows for potential expansion, redevelopment, or alternative uses (subject to county approval).
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