$650,000

3540 1st Avenue

St Petersburg, FL 33711

Active
0
Baths
0.2
Acres
$74/sqft360° tour
🏠Land

Property type

📐8,808 sqft

Lot size

📊$74

Price / sq ft

🏘️No HOA

HOA dues

📅776

Days on market

🌊X

Flood zone

About this home

This permitted, approved, and shovel ready 6 unit multifamily property is the best opportunity in Tampa Bay! Brand new construction so insurance and capital expenditures will be very low. Seller is also offering the option of selling them as TWO SEPARATE TRIPLEXES! This is a whole new asset class of new construction 3 bed/2 bath floor plans that are not yet available in the market! A dream come true for any savvy investor seeking an exceptional income-producing asset. This property offers a unique chance to capitalize on the thriving real estate market and secure a solid investment for years to come. Each of the 6 units have been thoughtfully planned to maximize space and functionality, ensuring optimal comfort and convenience for future residents and tenants. With a seamless flow between living areas, bedrooms, and kitchens, these units offer an ideal balance of privacy and open concept living. The interiors are a perfect blend of style and substance, featuring high-end finishes, premium fixtures, and top-of-the-line appliances. From the elegant hardwood flooring to the designer lighting fixtures, every detail has been carefully curated to create an atmosphere of sophistication and refinement. As an investor, you'll be thrilled to know that this property is expected to operate as a 10% cap rate investment, with no capital expenditures required since it will be brand new construction. This means you can start generating income from day one without worrying about additional expenses. What's more, you have the opportunity to customize this property to your exact specifications. Floor plans, finishes, and every detail can still be decided on with the builder, allowing you to create a truly unique and personalized investment property. The builder is projecting a $1.2 million build for this exceptional multi-family property, ensuring a solid investment with a promising return on investment. Investors seeking a property with outstanding income potential need look no further. Don't miss out on this chance to be part of the thriving St Petersburg real estate market. Act now and seize the opportunity to own one of the best investment properties in all of Tampa Bay! Reach out today to discuss customization options and secure your place in this lucrative venture. Pre-construction financing also available!

Estimated monthly payment

Principal & interest$3,287
Property taxes$107
Home insurance (est.)$298

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history776 days on market

  1. Status: Active
    Apr 16, 2024
  2. Listed$700,000
    Oct 19, 2023
  3. Price reduced$650,000

Virtual Tour

Facts & features

Property type
Land
Status
Active
Days on market
776
Subdivision
West Central Ave Resub
County
Pinellas
Price/sq ft
$74
Lot size
8,808 sq ft
Lot category
0 to less than 1/4
Flood zone
X
Annual taxes
$1,290 (2022)
Parcel #
22-31-16-96228-002-0050
MLS #
U8218053

HOA & Financial

Total monthly fees
$0/mo
Total annual fees
$0
Ownership
Fee Simple

Exterior & Construction

Road surface
Asphalt

Utilities

Sewer
Public Sewer
Water source
Public
Utilities
Cable Available, Cable Connected, Electricity Available, Public, Sewer Available, Sewer Connected, Water Available, Water Connected

Listing Details

Listing date
2023-10-19
On market date
2023-10-19
Original list price
$700,000
MLS area
33711 - St Pete/Gulfport
Listing AOR
Pinellas Suncoast
Status changed
2024-04-16
Tax legal description
WEST CENTRAL AVE RESUB BLK 2, LOT 5

Flood risk

Minimal riskFEMA Zone X

Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

Location

Directions

From I275-S get off on 5th Ave N and turn left on 36th st N, turn left on 1st Ave S, house is on the right.

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MLS GRID

Listings courtesy of Stellar MLS as distributed by MLS GRID

IDX information is provided exclusively 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.

Based on information submitted to the MLS GRID as of December 19, 2025 at 6:32 PM ET. 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.

Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA