$975,000

5050 74th Street

St Petersburg, FL 33709

Listing updated: May 1, 2026 at 11:28 AM ET

Active

Beds

Baths

3,409

Sq Ft

0.36

Acres

1980

Built

◆Waterfront◆$286/sqft◆360° tour

Multi-Family 5+

Property type

1980

Year built

15,494 sqft

Lot size

$286

Price / sq ft

No HOA

HOA dues

479

Days on market

Flood zone

About this home

1031 EXCHANGE SPECIAL, INVESTORS BRING YOUR BEST OFFERS!!! 10% CAP RATE!!! FOUNDATION REPAIRS COMPLETED!!! RECENTLY REMODELED!!!! ADDITIONAL WATERFRONT LOT INCLUDED!!! ZERO DAMAGE FROM EITHER HURRICANE!!! PHENOMENAL MULTI UNIT INVESTMENT OPPORTUNITY WITH 6 UNITS PRICED FOR AN IMMEDIATE SALE IN A GREAT ST. PETE NEIGHBORHOOD WITH 135Ft OF WATER FRONTAGE!!!! Fully occupied cash generating investment property and all tenants are on MONTH TO MONTH AGREEMENTS!!! 3 two bedrooms 1 bath 2 studio 1 one bed one bath, fully occupied currently, opportunity to renovate units and raise rents. CURRENT RENTS ARE AS FOLLOWS: $1,800, $1,800, $1,800, $1,200, $1,200 $1,150 Total: $8,950 per month and $107,400 total income per year!!! Expenses: $250 per month for water garbage pickup $94 per month, $4,128 annually. Taxes $6,800 annually and Insurance $4,103 annually, never flooded in the last 20 years! Total expenses annually : $15,031 Net annual profit roughly: $92,368!!! Opportunity for laundry in the back, no laundry onsite currently, could be income producing laundry building onsite to be built as ADU type building. Upgraded plumbing 4 years ago Upgraded electrical 4 years ago Air condition 4 years old Central air. 10% cap rate with opportunity to boost to 12-15% cap rate with rent raise and laundry area addition!!!

Estimated monthly payment

Principal & interest$4,930

Property taxes$570

Home insurance (est.)$447

Down payment

20%

$195,000 downRate

6.5%

Term

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 history479 days on market

Status: Active
Jan 8, 2026
Listed$975,000
Sep 12, 2024
Price increased$975,000

Facts & features

Property type: Residential Income
Sub type: Multi-Family 5+
Status: Active
Days on market: 479
Subdivision: St. Pete
County: Pinellas
Year built: 1980
Living area: 3,409 sq ft
Price/sq ft: $286
Lot size: 15,494 sq ft
Lot category: 1/4 to less than 1/2
Flood zone: AE
Annual taxes: $6,836 (2023)
Parcel #: 06-31-16-00000-220-1700
Zoning: R-4
MLS #: TB8303107

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Interior Details

Bedrooms: 9
Interior features: Ceiling Fans(s)
Laundry: None

Heating & Cooling

Heating: Central
Cooling: Central Air

HOA & Financial

Total monthly fees: $0/mo
Total annual fees: $0
CDD: No
Listing terms: Cash, Conventional, FHA, Owner Financing, VA Loan
Ownership: Fee Simple

Exterior & Construction

Exterior features: Lighting, Sidewalk
Construction materials: Stucco
Roof: Shingle
Foundation: Block
Waterfront: Yes
Water view: Yes
Road surface: Asphalt

Utilities

Sewer: Public Sewer
Water source: Public
Utilities: BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Sewer Connected, Water Available, Water Connected

Listing Details

Listing date: 2024-09-11
On market date: 2024-09-12
Original list price: $975,000
MLS area: 33709 - St Pete/Kenneth City
Listing AOR: Orlando Regional
Status changed: 2026-01-08
Tax legal description: PART OF NW 1/4 OF NW 1/4 OF SEC 6-31-16 DESC FROM SE COR OF NW 1/4 OF NW 1/4 OF SEC TH N00D47'45"E 160.08FT FOR POB TH N89D45'10"W 142.63FT TO E'LY R/W OF JOE'S CREEK TH CUR RT RAD 1198.57FT ARC 101.4FT CB N14D33'35"W 101.37FT TH S89D45'10"E 169.48FT TH S00D47'45"W 98FT TO POB

Flood risk

High riskFEMA Zone AE

FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.

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

Location

Directions

I-275 EXIT AT 54TH AVE. N. HEAD WEST TO 71ST. N. TURN LEFT, GO TO 50TH AVE. TURN RIGHT, AT END OF STREET TURN RIGHT ONTO 74TH ST. TO ADDRESS.

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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 May 1, 2026 at 11:28 AM 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.

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