Value-Add Multifamily
7180 50TH AVENUE N, St Petersburg, FL 33709
New
Quadruplex - ST PETERSBURG, FL
Type:Quadruplex
Property size:
3,607 SFLot size:
0.27 AcresPrice / SF:
$166/SF- Added:
- May 28, 2026
- Days on Market:
- 3
- Last Refresh:
- May 30 at 4:06 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 (727) 894-1600
Listing office KELLER WILLIAMS ST PETE REALTY 360 Central Ave Suite 600, Saint Petersburg, FL (727) 894-1600
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.
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).
- Desirable central Pinellas County location near major roads, shopping, dining, and Gulf Coast destinations.
- Durable concrete block construction.
- Located in unincorporated St. Petersburg, offering potential benefits.
Overview
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.
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
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
NOI $65,675 @ 7.0% cap · market cap 10.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- St Petersburg
- County
- Pinellas
- State
- Florida
- Longitude
- -82.738346
- Latitude
- 27.817088
Nearby Similar for Sale
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).
