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309 7th St S 8 Unit Apartment Building $2,005,915 CAD ($250,739 CAD/Unit) Saint Petersburg, FL 33701
INVESTMENT HIGHLIGHTS
- Nicely Renovated 8-Unit Apartment Community in Downtown St. Petersburg, FL
- Value-Add Potential with $100+ in Average Monthly Rental Upside
- Next-Door Development has Constructed 24 Class A Multifamily Units on a Parcel w/ the Same Lot Size and Zoning, Achieving $2,250/Month for 1-Bed Units
- Current Renovations to Interiors Include Stainless Steel Appliances, Vinyl Plank Flooring, White Shaker Cabinets, Modern Fixtures, & Tile Backsplashes
- Excellent Location in the Urban Core of Downtown St. Petersburg, Walkable to High-End Restaurants & Retail Along Central Ave and Beach Drive
- Within 8 Miles of St. Pete Beach; Voted the #1 Beach in the U.S. (Trip Advisor, 2021)
EXECUTIVE SUMMARY
309 7th St S is a well-renovated 8-unit apartment community located in the heart of Downtown St. Petersburg, offering both strong in-place cash flow and value-add upside. Recent interior upgrades include stainless steel appliances, vinyl plank flooring, white shaker cabinets, modern fixtures, and tile backsplashes. With $100+ in average monthly rental upside, investors have room to further enhance returns through premium improvements such as adding in-unit laundry to the 1-bedrooms, installing minisplit HVAC systems, upgrading bathroom vanities, and enhancing curb appeal with smart locks and outdoor amenities like a grilling station.
Ideally situated in the urban core, the property is walkable to the vibrant retail and dining options along Central Avenue and Beach Drive. It also sits in close proximity to several major employment and education centers, including Bayfront Health, Johns Hopkins All Children’s Hospital, and USF St. Pete—all within a half-mile radius. A neighboring parcel with similar lot size and zoning recently delivered 24 Class A units achieving $2,250/month for 1-bedrooms, showcasing the area’s rental potential. Just 1.9 miles from the $92 million St. Pete Pier and a short drive to St. Pete Beach—voted the #1 beach in the U.S.—309 7th St S offers a strategic and high-demand location with multiple avenues for growth.
Ideally situated in the urban core, the property is walkable to the vibrant retail and dining options along Central Avenue and Beach Drive. It also sits in close proximity to several major employment and education centers, including Bayfront Health, Johns Hopkins All Children’s Hospital, and USF St. Pete—all within a half-mile radius. A neighboring parcel with similar lot size and zoning recently delivered 24 Class A units achieving $2,250/month for 1-bedrooms, showcasing the area’s rental potential. Just 1.9 miles from the $92 million St. Pete Pier and a short drive to St. Pete Beach—voted the #1 beach in the U.S.—309 7th St S offers a strategic and high-demand location with multiple avenues for growth.
PROPERTY FACTS
| Price | $2,005,915 CAD | Building Class | C |
| Price Per Unit | $250,739 CAD | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 4,582 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1920 |
| Apartment Style | Low-Rise |
| Price | $2,005,915 CAD |
| Price Per Unit | $250,739 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,582 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1920 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 832 |
1 1
Walk Score®
Walker's Paradise (93)
Bike Score®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 19-31-17-62514-000-0020 | Improvements Assessment | $321,760 CAD |
| Land Assessment | $1,220,088 CAD | Total Assessment | $1,541,848 CAD |
PROPERTY TAXES
Parcel Number
19-31-17-62514-000-0020
Land Assessment
$1,220,088 CAD
Improvements Assessment
$321,760 CAD
Total Assessment
$1,541,848 CAD
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