Turn-Key 4-Unit Apartment
858 93RD N AVENUE St Petersburg, FL 33702
858 93RD N AVENUE, St Petersburg, FL, 33702
$875,000
For Sale
$875,000
Four identical remodeled units in a concrete block quadraplex, each with washer/dryer hookups and updated HVAC.
Property Size3,276 SF
Price / SF$267.09
Days on Market519
Property Features for 858 93RD N AVENUE
General Information
- Standard status
- Active
- Size
- 3,276 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1985
Listing agency
CENTURY 21 RE CHAMPIONS
(727) 200-3006
Listed by
Brandon Rod · License #3507633
(727) 200-3006
Source
Exitrealty
Added: Feb 18, 2025 Updated: Jul 22 at 1:39AM Checked: Jul 22 at 8:28AM
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 CENTURY 21 RE CHAMPIONS
Investment Insights
Based on property information with market context.
Turn-key 4-unit quadraplex constructed of concrete block offers four identical apartment units. Each unit includes 2 bedrooms and 1 bathroom, with washer/dryer hook-ups. The property has been updated with remodeled kitchens and baths and new tile flooring throughout, along with low-e double pane vinyl insulated windows. Updated mechanicals include new Trane HVAC units for all four apartments.
The building also includes a water sprinkler system with a well. The seller notes current rents are below market, presenting potential for income improvement.
In terms of access to the broader area, the property is described as being about 14 minutes from Tampa International Airport and 11 minutes from Downtown St. Petersburg, with approximately 2 miles to Tampa Bay beaches.
The building also includes a water sprinkler system with a well. The seller notes current rents are below market, presenting potential for income improvement.
In terms of access to the broader area, the property is described as being about 14 minutes from Tampa International Airport and 11 minutes from Downtown St. Petersburg, with approximately 2 miles to Tampa Bay beaches.
Key Highlights
- 1985‑built 4‑unit concrete block apartment building (quadraplex) with 4 identical units
- Each unit is 2BR/1BA with washer/dryer hook‑ups
- All units remodeled with new kitchen, bath, and tile flooring
Local Financial Insights For Multifamily LT 5
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 | $58.6k | $17.88 |
| − Vacancy | −$3.9k | −$1.21 |
| EGI | $54.6k | $16.67 |
| − OpEx | −$16.4k | −$5.00 |
| NOI | $38.2k | $11.67 |
3,276 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$546.3K
$478.0K – $637.3K
NOI $38,239 @ 7.0% cap · market cap 4.37%
Second Best
Apartment 5plus
$430.4K
$376.6K – $502.2K
NOI $30,130 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$852.1K
$745.6K – $994.1K
NOI $59,648 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four identical remodeled units in a concrete block quadraplex, each with washer/dryer hookups and updated HVAC.
Where is this quadplex located?
The property is located at 858 93RD N AVENUE St Petersburg, FL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 1985‑built 4‑unit concrete block apartment building (quadraplex) with 4 identical units; Each unit is 2BR/1BA with washer/dryer hook‑ups; All units remodeled with new kitchen, bath, and tile flooring
