$1,195,000
 $6,415 est/mo Sourced by Back At You

324 7th St S , ST PETERSBURG, FL 33701

ST PETERSBURG, FL 33701

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Description

Under contract-accepting backup offers. 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.

Details

MLS#TB8322027
Listing TypeFor Sale
StyleTown House
Sub-TypeFor-sale
StatusPending
Year1920
Days On Site155
Listing Provided ByCOMPASS FLORIDA LLC | Bradley Goldfinger

Features

Bed(s)4
Bath(s)4
SQ Feet2,368
Units4
Acreage0.06

Market Activity 33701

 Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of April 21, 2025 at 9:48:42 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

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Learn More About This Property

StateFL
CountyPinellas
CityST PETERSBURG
Zip Code33701
Area33701 St Pete
Community NameREV MAP OF ST PETERSBURG
School DistrictSt. Petersburg High-PN
Elementary SchoolCampbell Park Elementary-PN
Middle SchoolJohn Hopkins Middle-PN
High SchoolSt. Petersburg High-PN
Listing VS Median (In REV MAP OF ST PETERSBURG)
Price:
$1,195,000
low | high
Med:
$6,550
100% of Average
SqFt:
2,368
low | high
Med:
2,173
58.234797297297% of Average
$ / SqFt:
$505
low | high
Med:
$3
100% of Average
On site:
155
low | high
Med:
93.500000
100% of Average
Sourced by Back At You
Listing Updated: April 21, 2025 at 4:53:46 PM PDT
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