10-Unit Apartment
New
For Sale
$1,895,000
935 34TH N, St Petersburg, FL 33704
A balanced one- and two-bedroom mix is complemented by resident laundry and individually metered electricity.
Property Size7,680 SF
Days on Market3
Property Features for 935 34TH N
General Information
Standard status
Active
Size
7,680 SF
Property subtype
Commercial
Occupancy
100%
Units
Unit Mix
5 x 2BR/1BA, 5 x 1BR/1BA
Multifamily Units
10
Taxes and HOA fees
Annual Taxes
$13,645
Amenities
on-site laundry facility
Building Details
Building Size
7,680 SF
Year Built
1967
Units
10
Listing Agency:
ALL COUNTY PROPERTY MGMT
Listed By:
Sarah Sebastian · License #3426486
(727) 648-0666
Source:
Elliman
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:07AM
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.
Built in 1967, this 10-unit apartment property combines five one-bedroom, one-bathroom apartments with five two-bedroom, one-bathroom apartments. Residents have access to an on-site laundry facility, and each apartment has an individual electricity meter. Tenants also contribute toward water, sewer, and trash expenses.
The property is near the 4th Street corridor, with shopping, dining, downtown St. Petersburg, and major commuter routes accessible from the area. Walk Score is 77, Bike Score is 59, and Transit Score is 38.
The property is near the 4th Street corridor, with shopping, dining, downtown St. Petersburg, and major commuter routes accessible from the area. Walk Score is 77, Bike Score is 59, and Transit Score is 38.
Key Highlights
- 10 apartments: five 1‑bedroom/1‑bathroom units and five 2‑bedroom/1‑bathroom units
- Fully occupied
- Individually metered electricity in every apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,634
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,412,680
$1.4M
Cap Rate 7%
$1,009,057
$1.0M
Cap Rate 9%
$784,822
$784.8K
Market Conditions
NOI Build-Up for 7,680 SF
Gross rent
$138.2K $18.00/SF
− Vacancy
−$9.8K −$1.28/SF
EGI
$128.4K $16.72/SF
− OpEx
−$57.8K −$7.52/SF
NOI
$70.6K $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%
$1,412,680
Cap Rate 7%
$1,009,057
Cap Rate 9%
$784,822
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$882.9K – $1.18M
NOI $70,634 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $139,834 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
10
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,002
Businesses Nearby
Explore this area
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
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 mix is complemented by resident laundry and individually metered electricity.
Where is this apartment building located?
The property is located at 935 34TH 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 apartments: five 1‑bedroom/1‑bathroom units and five 2‑bedroom/1‑bathroom units; Fully occupied; Individually metered electricity in every apartment
