ST PETERSBURG, FL 33701 548 3RD STREET N
$1,275,000
86 more
Presented By: SEXAUER REAL ESTATE INTL. with 727-641-3644. - 727-641-3644
Beds • 4
Baths • 6
SQFT • 3,453
Garage • 2
Home Details
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.
Presented By: SEXAUER REAL ESTATE INTL. with 727-641-3644. - 727-641-3644
Interior Features for 548 3RD STREET N
Bedrooms
Total Bedrooms4
Bathrooms
Total Baths6
Other Interior Features
LivingAreaSourcepublic records
Air Conditioning Y/NYes
Fireplace Featuresfamily room
Fireplace Y/NYes
Flooringceramic tile, other
Heating Y/NYes
Interior Amenitieshigh ceilings
Laundry Featurescommon area, laundry room
General for 548 3RD STREET N
Additional Parcels Y/NNo
Appliancesdryer, refrigerator, washer
Attached Garage No
Building Area Unitssquare feet
Carport Y/NNo
Cityst petersburg
Construction Materialsblock, wood frame
Coolingwall/window unit(s)
Countypinellas
Directionsfrom 4th street n & 22nd avenue n, head south on 4th street n and turn left onto 6th avenue n. turn right onto 3rd street n to the address on your left, between 5th avenue n and 6th avenue n. park on t
DockY/NNo
Elementary Schoolnorth shore elementary-pn
Flood Zone Codex
Flood Zone Code XY
Garage Spaces2
Garage Y/NYes
Gross Income87540
HOANo
Heatingelectric, reverse cycle
High Schoolst. petersburg high-pn
Land Lease Y/NNo
Lease Considered Y/NYes
Legal Descriptionthornton's add blk's b & c rep blk c, s 47ft of n 87ft of lots 1 & 2 & e 5.50 ft of n 44ft of lot 3 & s 83 ft of e 50 ft of lot 3
Listing Termscash, conventional
Living Area Unitssquare feet
Lot Size Square Feet9614
Lot Size Unitssquare feet
MLS Area33701 - st pete
Middle/Junior High Schooljohn hopkins middle-pn
Minimum Lease1 month
ModificationTimestamp2025-04-07t12:13:44.330z
New ConstructionNo
Number Of Units Total6
Other Structuresstorage, workshop
Ownershipfee simple
Patio/Porch Featuresporch
Possessionclose of escrow
Property Subtypemulti family
Property Typeresidential income
Roofshingle
Senior Community Y/NNo
Sewerpublic sewer
Standard Statusactive
Statusactive
Subdivision Namethorntons add
Tax Annual Amount10013
Tax Lot10
Tax Year2024
Total Actual Rent7295
Utilitieselectricity connected, public
Water Access Y/NNo
Water View Y/NNo
Waterfront Y/NNo
Year Built1953
Zoningmulti fam
Exterior for 548 3RD STREET N
Building Area Total4702
Covered Spaces2
Exterior Amenitiescourtyard
Foundation Detailspillar/post/pier, slab
Lot Featureshistoric district, near public transit, oversized lot, sidewalk
Lot Size Acres0.22
Lot Size Area9614
Number of Buildings3
Number of Separate Electric Meters6
Number of Separate Water Meters1
Open Parking Y/NYes
Parking Featuresassigned, deeded, driveway, off street, on street, workshop in garage
Private PoolNo
Road Frontage Typestreet brick
Road Responsibilitypublic maintained road
Road Surface Typebrick, asphalt
Water Sourcepublic
Additional Details
Price History
Schools
Middle School
John Hopkins Middle-PN
High School
St. Petersburg High-PN
Elementary School
North Shore Elementary-PN
Andre LaFountain
Realtor / Coach
Copyright © MFRMLS.com All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated Last updated on April 28, 2025 8:46 AM UTC The listing information on this page last changed on Last updated on April 28, 2025 8:46 AM UTCd. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MFR MLS. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Updated on April 28, 2025 8:46 AM UTC