10-Unit Apartment Building with
New
For Sale
$1,895,000
935 34TH AVENUE N, St Petersburg, FL 33704
A balanced one- and two-bedroom unit mix is supported by individually metered electricity and an on-site laundry facility.
Property Size9,232 SF
Price / SF$205.26
Days on Market4
Property Features for 935 34TH AVENUE N
General Information
Standard status
Active
Size
9,232 SF
Property subtype
Multi-Family 5+
Occupancy
100%
Units
Unit Mix
5 x 2BR/1BA, 5 x 1BR/1BA
Multifamily Units
10
Amenities
on-site laundry
Building Details
Year Built
1967
Listing Agency:
ALL COUNTY PROPERTY MGMT
(727) 541-2578
Listed By:
Sarah Sebastian · License #3426486
(727) 648-0666
Source:
Dennisrealty
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 14 at 11:02PM
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 ALL COUNTY PROPERTY MGMT
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Investment Insights
Based on property information with market context.
This 10-unit apartment property contains 9,232 square feet and was built in 1967. Its apartments are evenly divided between one-bedroom, one-bathroom layouts and two-bedroom, one-bathroom layouts. Electricity is separately metered for each apartment, and residents have access to an on-site laundry facility.
The property is on 34th Avenue N in St. Petersburg, near the 4th Street corridor. Shopping, dining, downtown St. Petersburg, and major commuter routes are identified as accessible from the area.
The property is on 34th Avenue N in St. Petersburg, near the 4th Street corridor. Shopping, dining, downtown St. Petersburg, and major commuter routes are identified as accessible from the area.
Key Highlights
- 10 apartment units in 9,232 square feet
- Five one‑bedroom, one‑bathroom apartments and five two‑bedroom, one‑bathroom apartments
- Electricity is individually metered for each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,908
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,698,160
$1.7M
Cap Rate 7%
$1,212,971
$1.2M
Cap Rate 9%
$943,422
$943.4K
Market Conditions
NOI Build-Up for 9,232 SF
Gross rent
$166.2K $18.00/SF
− Vacancy
−$11.8K −$1.28/SF
EGI
$154.4K $16.72/SF
− OpEx
−$69.5K −$7.52/SF
NOI
$84.9K $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 Rate 5%
$1,698,160
Cap Rate 7%
$1,212,971
Cap Rate 9%
$943,422
Alternative Uses
Best Use
Apartment 5plus
$1.21M
$1.06M – $1.42M
NOI $84,908 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $168,092 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
10
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,079
Businesses Nearby
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Business Placement
Demographics for 33704, FL
16,031
Population
9,037
Households
1.8
Avg Household Size
46
Median Age
58%
College-Educated
98%
High-School Grad
3.4 sq mi
ZIP Area
4,715
Density / Sq Mi
$102,647
Median Household Income
$63,803
Median Earnings
$1,398
Median Rent
$657,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - A balanced one- and two-bedroom unit mix is supported by individually metered electricity and an on-site laundry facility.
Where is this apartment building located?
The property is located at 935 34TH AVENUE N St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: 10 apartment units in 9,232 square feet; Five one‑bedroom, one‑bathroom apartments and five two‑bedroom, one‑bathroom apartments; Electricity is individually metered for each apartment
