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Investment Highlights

  • Durable concrete block construction
  • On-site laundry facilities
  • Quick access to Interstate 275
  • 10 on-site parking spaces
  • Minutes from Downtown St. Petersburg
  • Value add opportunity

Executive Summary

10 UNIT APARTMENT BUILDING IN ST. PETERSBURG FOR SALE: Excellent multifamily investment opportunity located along the busy corridor of 22nd Avenue North and 16th Street in St. Petersburg. This well-maintained property is 90% occupied and consists of ten total units, including two 2-bedroom/1-bath units and eight 1-bedroom/1-bath units. The building features block construction, ten on-site surface parking spaces, on-site laundry facilities, and a welcoming courtyard with picnic tables and a grilling area for tenant enjoyment. The property offers an attractive unit mix with convenient on-site amenities that appeal to long-term tenants. Ideally positioned with quick access to I-275 and just minutes from Downtown St. Petersburg, residents enjoy close proximity to shopping, restaurants, entertainment, and major employment centers. The central location provides excellent connectivity throughout St. Petersburg and the greater Tampa Bay area. Situated in a strong rental market with continued area growth and development, this property presents an excellent opportunity for investors seeking stable multifamily income in a highly desirable location. Value add opportunity.

Property Facts

Price $2,324,008 CAD
Price Per Unit $232,401 CAD
Sale Type Investment
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.24 AC
Building Size 6,760 SF
Average Occupancy 90%
No. Stories 2
Year Built/Renovated 1961/1965
Parking Ratio 1.48/1,000 SF
Zoning NTM-1 - NEIGHBORHOOD TRADITIONAL MIXED-RESIDENTIAL

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 10 - -
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
13-31-16-26226-003-0270
Land Assessment
$427,195 CAD
Improvements Assessment
$770,021 CAD
Total Assessment
$1,197,216 CAD
  • Listing ID: 41428064

  • Date on Market: 2026-07-24

  • Last Updated:

  • Address: 1520 22nd Ave N, Saint Petersburg, FL 33704

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