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.
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.
Property Details
Price:
$1,275,000
MLS #:
TB8366139
Status:
Active
Beds:
4
Baths:
6
Address:
548 3RD STREET N
Type:
Multi Family
Subdivision:
THORNTONS ADD
Neighborhood:
33701 – St Pete
City:
ST PETERSBURG
Listed Date:
Mar 26, 2025
State:
FL
Finished Sq Ft:
4,702
Total Sq Ft:
4,702
ZIP:
33701
Lot Size:
9,614 sqft / 0.22 acres (approx)
Year Built:
1953
Units:
6
Schools
Elementary School:
North Shore Elementary-PN
Middle School:
John Hopkins Middle-PN
High School:
St. Petersburg High-PN
Interior
Appliances
Dryer, Refrigerator, Washer
Cooling
Wall/ Window Unit(s)
Flooring
Ceramic Tile, Other
Heating
Electric, Reverse Cycle
Laundry Features
Common Area, Laundry Room
Exterior
Construction Materials
Block, Wood Frame
Exterior Features
Courtyard
Other Structures
Storage, Workshop
Parking Features
Assigned, Deeded, Driveway, Off Street, On Street, Workshop in Garage
Roof
Shingle
Financial
Tax Year
2024
Taxes
$10,013
Map
Community
- Address548 3RD STREET N ST PETERSBURG FL
- SubdivisionTHORNTONS ADD
- CityST PETERSBURG
- CountyPinellas
- Zip Code33701
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Courtesy of SEXAUER REAL ESTATE INTL.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. Stellar MLS. All rights reserved. 548 3RD STREET N
ST PETERSBURG, FL
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