$1,275,000 for Sale
548 3rd street , st petersburg, FL 33701
| Beds 4 | Baths 6 | 3,453 Sqft | 0.22 Acres |
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Property Description
This prime 6-unit multifamily property in St. Petersburg’s highly sought-after Old Northeast the neighborhood offers an exceptional opportunity for investors and owner-operators alike. Located at 548 3rd St N, a couple of blocks from downtown, this property provides a rare chance to either maximize rental income with current below-market rents or explore future redevelopment potential as this property is twice the size of a regular lot, .215 acres to be exact, just shy of a quarter acre! The property consists of four spacious one-bedroom units and two well-designed studio apartments. The property is located in a non-flood zone, meaning no costly flood insurance is required. The landlord covers the water, sewer, and garbage. All tenants pay their electric bills, one tenant has electricity included in their rent as they share the power with the common electric for the property lights, etc. Additional revenue streams include a coin-operated laundry facility with a full-size washer and dryer. Parking is plentiful, with two garages and four dedicated off-street parking spots. There is also an additional storage area that could be leased. This investment is ideally located in Old Northeast, one of St. Pete’s most desirable and historic neighborhoods. Tenants will appreciate being within walking distance of the vibrant downtown district, where they can enjoy a variety of restaurants, entertainment, and nightlife. The scenic St. Pete Pier is nearby, offering waterfront dining, museums, and events. North Shore Park and The Community Center provides access to tennis courts, green spaces, and beachside recreation, while the 4th Street Corridor is home to an array of shops, cafes, and conveniences. With strong rental demand and limited multifamily inventory in the area, this property presents a tremendous opportunity for immediate cash flow and long-term appreciation. Don’t miss the chance to own a valuable investment in one of St. Petersburg’s most dynamic and walkable locations. Schedule a private tour today and explore the possibilities this multifamily gem has to offer.
General Information
Sale Price: $1,275,000
Price/SqFt: $369
Status: Active
MLS#: TB8366139
City: st petersburg
Post Office: st petersburg
Schools: st. petersburg high-pn
County: Pinellas
Subdivision: thorntons add
Acres: 0.22
Bedrooms:4
Bathrooms:6
House Size: 3,453 sq.ft.
Acreage: 0.22 est.
Year Built: 1953
Property Type: Multi Family
Style:
Features & Room Sizes
Paved Road: Brick, Asphalt
Construction: Block, Wood Frame
Exterior Misc: Courtyard
Fireplaces: Yes
Fireplace Description: Family Room
Basement: No
Foundation : Pillar/Post/Pier, Slab
Appliances: Dryer, Refrigerator, Washer
Cooling: Wall/Window Unit(s)
Heating: Electric, Reverse Cycle
Waste: Public Sewer
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $10,013
Legal Description: THORNTON'S ADD BLK'S B & C REP BLK C, S 47FT OF N 87FT OF LOTS 1 & 2 & E 5.50 FT OF N 44FT OF LOT 3 & S 83 FT OF E 50 FT OF LOT 3
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2025
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Steve Sexauer of SEXAUER REAL ESTATE INTL., Phone: 727-641-3644
