3527 1ST AVE S St Petersburg, FL 33711
3,641 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 3,641 sqft
Price per Sqft $329
Subdivision West Central Ave Sub
MLS Listing ID TB8493152
HOA Y/N No
Year Built 1971
Annual Tax Amount $9,461
Lot Size 0.290 Acres
Acres 0.29
Lot Dimensions 80x148
Property Sub-Type Multi-Family 5+
Source Stellar MLS
Property Description
Common areas round out the day-to-day. The shared kitchen has room to cook without getting in each other's way, a living room gives tenants a place to unwind outside their own four walls, and an on-site laundry room means nobody has to leave the building for the basics. It is a simple setup, and that simplicity is a big part of why people stay.
The income tells the rest of the story. Twelve rooms generating $250 to $300 per week through PadSplit, with $129,600 in annual gross revenue for 2025 and roughly 90% occupancy. Tenants stay anywhere from two months to two years. Three independent AC systems keep the building comfortable year-round, and an on-site parking lot handles daily traffic. At 3,641 square feet of living space inside a 4,377 gross square foot commercial shell, the building carries more capacity than the residential use alone would suggest.
Worth noting: this building started life as a medical clinic, and that original layout is still intact. The private rooms with en-suite baths, the separation between spaces, the commercial-grade shell, all of it was designed for clinical use first. The zoning, commercial structure with residential use, reflects that history. For a medical group, wellness practice, or healthcare provider looking for space in this part of St. Petersburg, the conversion work is largely already done.
Bayfront Health St. Petersburg, St. Anthony's Hospital, and Johns Hopkins All Children's Hospital are all a short drive away, putting this property in the middle of the medical and employment corridor that keeps demand steady in this part of Pinellas County. I-275 connects to Tampa in under 30 minutes, and the SunRunner rapid transit line runs straight to downtown St. Pete.
Location
State FL
County Pinellas
Community West Central Ave Sub
Area 33711 - St Pete/Gulfport
Direction S
Interior
Cooling Central Air
Exterior
Roof Type Built-Up
Building
Story 1
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Structure Type Brick
New Construction false
Others
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8493152
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