1405 7th Avenue North
St. Petersburg, FL 33705
$949,000
Price
4
Beds
4
Baths
1,656 Sq. Ft.
$573 / Sq. Ft.
1,656
Sq. Ft.
$573
per Sq. Ft.
Description
This meticulously renovated 4-unit multi-family property in the highly sought-after Uptown neighborhood of St. Petersburg is the perfect turnkey investment opportunity. Combining historic charm with modern amenities, this fully-leased quadplex generates an impressive $6,082 in monthly rental income and a Net Operating Income (NOI) of $47,468.76 in 2024, delivering a solid 5% cap rate. With strong cash flow and minimal immediate capital expenditure, this property is poised to provide consistent returns...This meticulously renovated 4-unit multi-family property in the highly sought-after Uptown neighborhood of St. Petersburg is the perfect turnkey investment opportunity. Combining historic charm with modern amenities, this fully-leased quadplex generates an impressive $6,082 in monthly rental income and a Net Operating Income (NOI) of $47,468.76 in 2024, delivering a solid 5% cap rate. With strong cash flow and minimal immediate capital expenditure, this property is poised to provide consistent returns and long-term value appreciation. Each of the four units has been tastefully updated with modern finishes, ensuring tenant satisfaction and low maintenance costs. The property features individual electric meters for all units, simplifying management and making utility expenses predictable. Currently, Unit 1 is a 1-bedroom, 1-bathroom unit renting for $1,700 per month with nine months remaining on the lease. Unit 2, located on the second floor, is a studio with a separate kitchen and private bathroom, renting for $1,507 per month with an anticipated renewal at $1,600 per month. Unit 3, also on the second floor, is another studio with a private bathroom, renting for $1,600 per month with eight months remaining on the lease. Unit 4, a ground-floor studio with a full kitchen and private bathroom, rents for $1,275 per month, also with eight months remaining. This 2-story building, built in 1928, boasts timeless architectural character while offering tenants convenient on-site parking and close proximity to Downtown St. Petersburg’s vibrant dining, shopping, and entertainment scene. Its location in the Uptown neighborhood ensures strong rental demand, low vacancy rates, and potential for future rent increases. The total annual gross income for 2024 is $72,984, with room to enhance profitability through modest rent adjustments as leases renew. For investors, this property offers an excellent combination of reliable cash flow, a solid NOI, and long-term appreciation potential. With individual electric meters and a history of meticulous upkeep, property management is streamlined, allowing for a stress-free ownership experience. Financial details, including lease terms and expense breakdowns, are available upon request to help prospective buyers conduct thorough due diligence. Opportunities like this are rare in St. Petersburg’s thriving real estate market. Don’t miss your chance to own a high-performing, fully-leased quadplex in a location that continues to grow in value and appeal. Schedule your private showing today and secure your stake in one of Florida’s most dynamic rental markets!
- Listed by Giancarlo Gonzalez • 3 POINT REAL ESTATE SOLUTIONP: (727)-743-8541 C: (727)-743-8541 giancarlo@3pointrealestatefl.com
Property Details for 1405 7th Avenue North
Subdivision Name
BON AIR
Township31
WaterfrontNo
LISTING UPDATED: 01/13/2025 08:28 PM
Property Details for 1405 7th Avenue North
| Status | Active |
|---|---|
| MLS # | U8245876 |
| Days on Market | 229 |
| Taxes | $4,960 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Single Family |
| MLS Type | Residential / Single Family Residence |
| Year Built | 1928 |
| Lot Size | 0.05 AC / 2,039 SF |
| County | Pinellas County |
Building Information for 1405 7th Avenue North
Stories2Year Built1928Building Size-Lot Size0.05 AC / 2,039 SF
Property Information for 1405 7th Avenue North
Summary
Location and General Information
- Building Area Source: Public Records
- Building Area Total: 1844.0
- Building Area Units: Square Feet
- Direction Faces: South
- Directions: From Downtown St. Petersburg: Head north on 4th St N. Turn left onto 7th Ave N. Continue for approximately 0.5 miles. The property will be on your right-hand side at 1405 7th Ave N. From Tampa via I-275 S: Take I-275 S toward St. Petersburg. Use Exit 23B for 8th St N. Turn left onto 8th St N. Turn right onto 7th Ave N. Continue for about 0.3 miles. The property will be on your left-hand side at 1405 7th Ave N. From St. Pete Beach: Head east on Central Ave toward Downtown St. Petersburg. Turn left onto 34th St N/US-19 N. Turn right onto 5th Ave N. Turn left onto 16th St N. Turn right onto 7th Ave N. The property will be on your left-hand side at 1405 7th Ave N. Let me know if you'd like directions from a specific location or further details!
- Mls Major Change Type: Price Decrease
- Listing Service: Full Service
- Senior Community: No
- Unit Number: No
- Street Number: 1405
- Street Name: 7th
- Street Suffix: AVENUE
- Street Direction Suffix: N
- State: FL
- City: ST PETERSBURG
Parking
- Carport: No
- Garage: No
Taxes and HOA Information
- Association: No
- CDD: No
- Tax Block: 000
- Tax Book Number: 1-4
- Tax Legal Description: BON AIR W 38 1/2 FT OF LOT 80
- Tax Lot: 80
- Tax Year: 2023
Virtual Tour
- Virtual Tour URL Unbranded: https://www.propertypanorama.com/instaview/stellar/U8245876
Property
Lot Information
- Additional Parcels: No
- Lot Size Dimensions: 38 x 53
- Parcel Number: 133116100620000800
- Total Acreage: 0 to less than 1/4
- Water Access: No
- Water Extras: No
- Living Area: 1656
- Lot Dimensions: 38 x 53
Property and Assessments
- Year Built Numeric: 1928
- Flood Zone Code: X
- Homestead: No
- New Construction: No
- Public Survey Range: 16
- Public Survey Section: 13
Utilities
- Sewer: Public Sewer
- Utilities: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Street Lights, Water Connected
- Water Source: Public
Interior and Exterior Features
Exterior Features
- Construction Materials: Wood Frame
- Exterior Features: Awning(s), Balcony, Dog Run, Lighting, Private Mailbox, Sidewalk
- Foundation Details: Concrete Perimeter
- Levels: Multi/Split
- Pool Private: No
- Pool: None
- Pool Private: No
- Roof: Shingle
- Waterfront Feet Total: 0
- Number Of Stories: 2
Interior Features
- Bedrooms Total: 4
- Bathrooms Full: 4
- Appliances: Electric Water Heater, Microwave, Range, Range Hood, Refrigerator
- Cooling: Central Air, Wall/Window Unit(s)
- Fireplace: No
- Flooring: Luxury Vinyl
- Heating: Electric
- Interior Features: Ceiling Fan(s), Open Floorplan
- Laundry Features: Common Area, Electric Dryer Hookup, Outside, Washer Hookup
- Living Area Source: Public Records
- Living Area Units: Square Feet
- Room Count: 13.0
- Water View: No
- Bathrooms Half: 0
Property History for 1405 7th Avenue North
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1405 7th Avenue North
Taxable ValueLand-Additions-Total-
Tax Record2024$5,416 ($451 / month)
Home Facts
Baths3Total Finished SqFt1,656 SqFtAbove Grade Finished SqFt1,656 SqFtStories2Lot Size2,039 SqFtStyleTriplexYear Built1928Year Renovated1985CountyPINELLASAPN13-31-16-10062-000-0800
Schools near 1405 7th Avenue North
This home is within Pinellas.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
North Shore Elementary School PublicPK to 5 | ||
John Hopkins Middle School Public6 to 8 | ||
St. Petersburg High School Public9 to 12 | ||
St. Petersburg Collegiate Stem High School Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of 3 POINT REAL ESTATE SOLUTION, Giancarlo Gonzalez
The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 01/13/2025 08:28 PM
