1835 16th Street, FL
Stellar MLS

$625,000

1835 16th Street

St Petersburg, FL 33705

Active
0
Baths
2,112
Sq Ft
0.13
Acres
2023
Built
$271/sqft360° tour
Multi-Family 5+

Property type

2023

Year built

5,789 sqft

Lot size

$271

Price / sq ft

No HOA

HOA dues

1

Day on market

X

Flood zone

About this home

A stabilized PadSplit co-living property in St. Petersburg's 33705 corridor, producing $65,000 to $85,000 in gross annual revenue with an identifiable path to more. The structure operates as six private rooms, each with its own bathroom and keypad-entry door, sharing a renovated common kitchen and dining area outfitted with white shaker cabinets, stainless steel appliances, and a full washer and dryer. LVP flooring runs throughout, crown molding gives each common space a finished feel, and a covered front porch signals the kind of curb appeal that holds quality tenants. Step inside and the hallway tells the story quickly: numbered doors, smart locks, and a consistent finish level from front to back that keeps turnover low and occupancy high. Currently five of six rooms are filled at $280 per week, with flexible lease terms ranging from two months to two years and weekly rent collection built into the PadSplit platform. Full occupancy — the historical norm — puts gross revenue north of $87,000 annually. The common living room, which tenants rarely use, is the upside. Converting that space to a seventh bedroom adds approximately $14,500 in additional annual gross revenue while preserving the kitchen, dining area, and laundry. The bones are already there; it is a straightforward conversion with meaningful return. Positioned minutes from downtown St. Petersburg, the St. Pete Pier, Bayfront Health, and I-275 access to Tampa, this address draws working adults who need flexible lease terms and a connected location. Demand in this corridor is consistent, the PadSplit model keeps collections systematic, and the property transfers in stabilized, turnkey condition.

Local Insight

At $271/sqft for a brand-new 2023 construction in St. Petersburg's Fruitland Heights, you're looking at solid pricing for the market, especially with no HOA fees eating into returns—but the 0.13-acre lot and lack of listed bathrooms is a red flag that warrants a careful walkthrough to understand the actual unit layout and whether this is truly a functional 5+ unit building or something unconventional. The X flood zone designation is a major advantage here compared to much of the surrounding area, which could matter for insurance costs and long-term viability. Before getting serious, you'd want to verify the actual income potential and unit breakdown, since new construction in this price range sometimes trades square footage for location rather than delivering obvious cash flow.

AI-generated insight based on listing data and neighborhood context. Verify independently.

Estimated monthly payment

Principal & interest$3,160
Property taxes$764
Home insurance (est.)$286

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 history1 days on market

  1. Status: Active
    Apr 2, 2026
  2. Listed$625,000
    Apr 1, 2026
  3. Price increased$625,000

Virtual Tour

Facts & features

Property type
Commercial Sale
Sub type
Multi-Family 5+
Status
Active
Days on market
1
Subdivision
Fruitland Heights
County
Pinellas
Year built
2023
Living area
2,112 sq ft
Price/sq ft
$271
Building area
2,304 sq ft (Public Records)
Lot size
5,789 sq ft
Lot category
0 to less than 1/4
Flood zone
X (12103C0219H)
Annual taxes
$9,162 (2025)
Parcel #
25-31-16-29664-005-0230
MLS #
TB8493145

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Interior Details

Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Washer
Stories / Levels
One

Heating & Cooling

Heating
Central
Cooling
Central Air

HOA & Financial

Total monthly fees
$0/mo
Total annual fees
$0
Listing terms
Cash
Ownership
Fee Simple

Exterior & Construction

Construction materials
Block
Roof
Shingle
Foundation
Slab
Road surface
Asphalt, Paved

Utilities

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

Listing Details

Listing date
2026-04-01
On market date
2026-04-01
Original list price
$625,000
MLS area
33705 - St Pete
Listing AOR
Suncoast Tampa
Status changed
2026-04-02
Tax legal description
FRUITLAND HEIGHTS BLK E, LOT 23

Flood risk

Minimal riskFEMA Zone XPanel 12103C0219H

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

Head south toward I-275 S. Merge onto I-275 S. Continue straight to stay on I-275 S. Take exit 21 for 28th St S. Turn left onto 28th St S. Turn left onto 18th Ave S. Turn right onto 16th St S. Destination will be 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 April 2, 2026 at 7:52 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.

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