324 7th Street S Saint Petersburg, FL 33701
Multi-Family (2-4 Units)
MLS #: TB8322027
Courtesy Of Compass
Property InformationDescription
Introducing a prime 4-unit multifamily property located in the heart of downtown St. Petersburg, offering exceptional investment potential and modern upgrades. This well-maintained property boasts an average monthly rental upside of $275 per unit, or approximately $13,000 annually, based on comparable properties in the market.
Significant renovations have been completed in both 2022 and 2023, including stunning interior upgrades such as sleek stainless steel appliances, white shaker cabinets, new water heaters, and quartz countertops. The exterior has been meticulously enhanced with fresh sealant and painting, balcony repairs, fencing replacement, staircase repairs, and upgraded central AC units.
With amenities that include select furnished units, an on-site laundry facility, private front porches, and a fenced-in lot, this property offers comfortable living in a vibrant location.
Situated within walking distance to the best of downtown St. Petersburg, including upscale dining, retail destinations, and the scenic waterfront on Central Avenue and Beach Drive, this property is perfectly positioned. It s also just a 5-minute walk to the highly anticipated $6.5 billion Tropicana Field redevelopment project, which will transform the area with a new baseball stadium, 1.4 million square feet of office and medical space, retail and dining, hotels, and more.
The property is ideally located near major employers such as St. Anthony s Hospital (1.3 miles), Bayfront Health (0.5 miles), Johns Hopkins All Children s Hospital (0.5 miles), Tropicana Field (0.3 miles), and the University of South Florida St. Petersburg Campus (0.4 miles). Plus, with St. Pete Beach just 7.9 miles away, ranked as the #1 beach in the U.S. by TripAdvisor in 2021, this property offers both urban convenience and coastal relaxation.
This is a rare opportunity to own a high-potential, renovated multifamily asset in one of Florida s most sought-after locations.
Significant renovations have been completed in both 2022 and 2023, including stunning interior upgrades such as sleek stainless steel appliances, white shaker cabinets, new water heaters, and quartz countertops. The exterior has been meticulously enhanced with fresh sealant and painting, balcony repairs, fencing replacement, staircase repairs, and upgraded central AC units.
With amenities that include select furnished units, an on-site laundry facility, private front porches, and a fenced-in lot, this property offers comfortable living in a vibrant location.
Situated within walking distance to the best of downtown St. Petersburg, including upscale dining, retail destinations, and the scenic waterfront on Central Avenue and Beach Drive, this property is perfectly positioned. It s also just a 5-minute walk to the highly anticipated $6.5 billion Tropicana Field redevelopment project, which will transform the area with a new baseball stadium, 1.4 million square feet of office and medical space, retail and dining, hotels, and more.
The property is ideally located near major employers such as St. Anthony s Hospital (1.3 miles), Bayfront Health (0.5 miles), Johns Hopkins All Children s Hospital (0.5 miles), Tropicana Field (0.3 miles), and the University of South Florida St. Petersburg Campus (0.4 miles). Plus, with St. Pete Beach just 7.9 miles away, ranked as the #1 beach in the U.S. by TripAdvisor in 2021, this property offers both urban convenience and coastal relaxation.
This is a rare opportunity to own a high-potential, renovated multifamily asset in one of Florida s most sought-after locations.
Features
- Age: Over 50 Years Old
- Amenities: Dock, Ceiling Fan
- Appliances: Dishwasher, Garbage Disposer, Microwave, Range, Washer
- Architecture Style: Other
- Floor Covering: Tile, Wood
- Heating System: Central Furnace
- Lot Size: 0.06 Acres
VIDEOS AND TOURS
MAP & DIRECTIONS
School Information
324 7th Street S, Saint Petersburg, FL 33701
Elementary School
Grades PK-5 |
Public School
CAMPBELL PARK ELEMENTARY
Saint Petersburg, FL 33705
1051 7th Ave S
727.893.2650
Distance: 0.5 mi
School Rating
C
Student:Teacher Ratio
12:1
Total Students
549
Middle School
Grades 6-8 |
Public School
JOHN HOPKINS MIDDLE SCHOOL
Saint Petersburg, FL 33705
701 16th St S
727.893.2400
Distance: 0.9 mi
School Rating
D+
Student:Teacher Ratio
16:1
Total Students
698
High School
Grades 9-12 |
Public School
ST. PETERSBURG HIGH SCHOOL
Saint Petersburg, FL 33713
2501 5th Ave N
727.893.1842
Distance: 1.7 mi
School Rating
C+
Student:Teacher Ratio
21:1
Total Students
1760
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| Pinellas Mycroschool Of Integrated Academics And Technologie | 0.2 mi | Public | 9-12 | F |
| Midtown Academy | 1.1 mi | Public | KG-5 | B |
| Melrose Elementary | 1.1 mi | Public | PK-5 | C- |
| Mount Zion Christian Academy | 1.2 mi | Private | KG-5 | |
| Arqam's Academy | 1.5 mi | Private | KG-6 | |
| St Paul Catholic School | 1.6 mi | Private | PK-8 | |
| Woodlawn Elementary | 1.6 mi | Public | PK-5 | D- |
| Perkins Elementary School | 1.7 mi | Public | PK-5 | C+ |
| Academy Preparatory Center Of St Petersburg | 1.8 mi | Private | 5-8 | |
| James B. Sanderlin K-8 | 2.0 mi | Public | KG-8 | B- |
| Lakeview Fundamental Elementary School | 2.1 mi | Public | PK-5 | B- |
| Gibbs High School | 2.2 mi | Public | 9-12 | C- |
| Charles Britt Academy | 2.4 mi | Public | 6-12 | |
| Douglas L. Jamerson Jr. Elementary School | 2.5 mi | Public | PK-5 | B- |
| Lakewood Elementary | 2.5 mi | Public | PK-5 | D+ |
| North Shore Elementary | 2.6 mi | Public | KG-5 | C |
| Mt Moriah Christian Fundamental Academy | 2.6 mi | Private | 6-8 |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Saint Petersburg, FL 33701
| Median Age: | 47.4 |
|---|---|
| Married: | 26% |
| Number of Households: | 11,451 |
| Households with Children: | 10.2% |
Saint Petersburg, FL 33701
Demographic Data
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Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
-
Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
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