$625,000
1835 16th Street
St Petersburg, FL 33705
Property type
Year built
Lot size
Price / sq ft
HOA dues
Day on market
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
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
- Status: ActiveApr 2, 2026
- Listed$625,000Apr 1, 2026
- 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
Ask about this home
Have a question? Ask the broker directly.
Ryan Solberg answers personally — no call center, no spam. Your question goes straight to him.
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-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
More homes like this
$119,500
715 N Young Blvd
Chiefland, FL 32626
0.35 acres
Fruitland Heights
MLS# OM718847
$380,000
1900 16th St S
St Petersburg, FL 33705
3 bd · 2 ba · 1,826 sqft
Fruitland Heights
MLS# TB8495903
$614,999
2020 58th Ave S
St Petersburg, FL 33712
3 bd · 3 ba · 1,695 sqft
Arlington Park
MLS# TB8514037
$545,000
4174 14th Ln Ne
St Petersburg, FL 33703
3 bd · 2 ba · 1,805 sqft
Patrician Point Unit 2 Tr B Rep
MLS# TB8510742
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