
$1,200,000
3527 1st Avenue
St Petersburg, FL 33711
Listing updated: June 2, 2026 at 11:37 AM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
A block from 34th Street and Central Avenue, right in the middle of one of St. Petersburg's highest-traffic corridors, this 12-bedroom multifamily is already producing and has the numbers to show for it. The kind of foot traffic and visibility that 34th and Central bring helps explain why occupancy stays around 90% on a weekly rental model. Ten of the rooms have their own private full bath right inside the unit, and the remaining two share a bath just steps away. Common areas round out the day-to-day. The shared kitchen has room to cook without getting in each other's way, a living room gives tenants a place to unwind outside their own four walls, and an on-site laundry room means nobody has to leave the building for the basics. It is a simple setup, and that simplicity is a big part of why people stay. The income tells the rest of the story. Twelve rooms generating $250 to $300 per week through PadSplit, with $129,600 in annual gross revenue for 2025 and roughly 90% occupancy. Tenants stay anywhere from two months to two years. Three independent AC systems keep the building comfortable year-round, and an on-site parking lot handles daily traffic. At 3,641 square feet of living space inside a 4,377 gross square foot commercial shell, the building carries more capacity than the residential use alone would suggest. Worth noting: this building started life as a medical clinic, and that original layout is still intact. The private rooms with en-suite baths, the separation between spaces, the commercial-grade shell, all of it was designed for clinical use first. The zoning, commercial structure with residential use, reflects that history. For a medical group, wellness practice, or healthcare provider looking for space in this part of St. Petersburg, the conversion work is largely already done. Bayfront Health St. Petersburg, St. Anthony's Hospital, and Johns Hopkins All Children's Hospital are all a short drive away, putting this property in the middle of the medical and employment corridor that keeps demand steady in this part of Pinellas County. I-275 connects to Tampa in under 30 minutes, and the SunRunner rapid transit line runs straight to downtown St. Pete.
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 history62 days on market
- Status: ActiveApr 2, 2026
- Listed$1,200,000Apr 1, 2026
- Price increased$1,200,000
Facts & features
- Property type
- Commercial Sale
- Sub type
- Multi-Family 5+
- Status
- Active
- Days on market
- 62
- Subdivision
- West Central Ave Sub
- County
- Pinellas
- Year built
- 1971
- Living area
- 3,641 sq ft
- Price/sq ft
- $274
- Building area
- 4,377 sq ft (Public Records)
- Lot size
- 12,676 sq ft
- Lot category
- 1/4 to less than 1/2
- Flood zone
- X
- Annual taxes
- $9,462 (2025)
- Parcel #
- 22-31-16-96192-002-0120
- MLS #
- TB8493152
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Heating & Cooling
- Cooling
- Central Air
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- Listing terms
- Cash
- Ownership
- Fee Simple
Exterior & Construction
- Construction materials
- Brick
- Roof
- Built-Up
- Foundation
- Slab
- Road surface
- Asphalt, Paved
Listing Details
- Listing date
- 2026-04-01
- On market date
- 2026-04-01
- Original list price
- $1,200,000
- MLS area
- 33711 - St Pete/Gulfport
- Listing AOR
- Suncoast Tampa
- Status changed
- 2026-04-02
- Tax legal description
- WEST CENTRAL AVE SUB BLK B, LOTS 12 AND 13 LESS ST
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
I-275 to Exit 21 (28th St S), north on 28th St S, left on 1st Ave S, property on right.
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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 June 2, 2026 at 11:37 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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