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    471 9Th Ave St. Petersburg, FL 33701

    For Sale
    $1,100,000

    Historic 5-unit apartment building, great potential.

    Property size:
    3,015 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This charming 1900 Craftsman-style apartment building, located at 471 9th Ave N in St. Petersburg, Florida's desirable Uptown neighborhood, presents a compelling investment opportunity. The property boasts 3,015 square feet of space, situated on a 5,500 square foot lot, and includes five one-bedroom, one-bathroom units. Unit 4 offers the potential for conversion into a two-bedroom unit. All units are well-maintained and currently rented, often with a waiting list. The building features hardwood floors, neutral interiors, an enclosed porch, screened porch, and open porch. Ample parking is available with six on-site spaces, supplemented by abundant street parking. A brand-new water heater has recently been installed. The property's current rents are below market value, providing significant potential for increased margins through rent increases and value-add improvements. Additional income streams could be generated by installing coin-operated laundry facilities. Financial documents and a neighborhood operating income (NOI) report are available upon request. The property's location in the historic Uptown district, near 4th Street, offers convenient access to the vibrant St. Petersburg and Tampa Bay area. This is a rare opportunity to acquire a well-located, income-producing multifamily property with substantial upside potential.

    Property Features for 471 9Th Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,015 SF

    Building Details

    Year Built
    1900
    Units
    5

    HighLights

    • Brand new listing.
    • Multifamily property in St. Petersburg's Uptown district.
    • Investment opportunity in the Tampa Bay metro area.
    • Located in the desirable St. Petersburg market.
    • Situated in the Uptown neighborhood.
    • 9th Avenue address, near 4th Street.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Spa & Massage Dental Office Hair Salon Realty agency Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    St. Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6400101
    Latitude
    27.7813928

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    FAQs

    What type of property is this?
    Multifamily property - Historic 5-unit apartment building, great potential.
    Where is this multifamily property located?
    The property is located at 471 9Th Ave St. Petersburg, FL.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Brand new listing.; Multifamily property in St. Petersburg's Uptown district.; Investment opportunity in the Tampa Bay metro area.
    Request Owner's contact information
    471 9Th Ave St. Petersburg, FL 33701
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    St. Petersburg, FL 33701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    471 9Th Ave St. Petersburg, FL 33701
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