309 7th St S
Closed309 7th St S, St. Petersburg, FL 33701
Property type
Multifamily
Unit / Space count
8
Price
Call for Details
Building size
4,582 sf
Rentable area
4,582 SF
Year built
1920
Year renovated
Occupancy
APN
19-31-17-62514-000-0020
Zoning code
Lot size
0.16 Acres
Bedroom count
Property description
309 7th St S is a well-renovated 8-unit apartment community located in the heart of Downtown St. Petersburg, offering both strong in-place cash flow and value-add upside. Recent interior upgrades include stainless steel appliances, vinyl plank flooring, white shaker cabinets, modern fixtures, and tile backsplashes. With $150+ in average monthly rental upside, investors have room to further enhance returns through premium improvements such as adding in-unit laundry to the 1-bedrooms, installing minisplit HVAC systems, upgrading bathroom vanities, and enhancing curb appeal with smart locks and outdoor amenities like a grilling station. Ideally situated in the urban core, the property is walkable to the vibrant retail and dining options along Central Avenue and Beach Drive. It also sits in close proximity to several major employment and education centers, including Bayfront Health, Johns Hopkins All Children’s Hospital, and USF St. Pete—all within a half-mile radius. A neighboring parcel with similar lot size and zoning recently delivered 24 Class A units achieving $2,250/month for 1-bedrooms, showcasing the area’s rental potential. Just 1.9 miles from the $92 million St. Pete Pier and a short drive to St. Pete Beach—voted the #1 beach in the U.S.—309 7th St S offers a strategic and high-demand location with multiple avenues for growth.
Property highlights
- Nicely Renovated 8-Unit Apartment Community in Downtown St. Petersburg, FL
- Value-Add Potential with $150+ in Average Monthly Rental Upside
- Current Renovations to Interiors Include Stainless Steel Appliances, Vinyl Plank Flooring, White Shaker Cabinets, Modern Fixtures, & Tile Backsplashes
- Premium Renovations Could Include Adding Laundry Machines in 1-Bedroom Units, Minisplit HVAC Systems in All Units, Further Upgrades to Bathroom Vanities, Smart Locks on Doors, an Outdoor Grilling Station, etc.
- Excellent Location in the Urban Core of Downtown St. Petersburg, Walkable to High-End Restaurants & Retail Along Central Ave and Beach Drive
- Close Proximity to Major Employers Such as St. Anthony’s Hospital (1.3 Mi), Bayfront Health Hospital (0.5 Mi), Johns Hopkins All Children’s Hospital (0.5 Mi), Tropicana Field (0.3 Mi), and the University of South Florida – St. Petersburg Campus (0.4 Mi)
- Next-Door Development has Constructed 24 Class A Multifamily Units on a Parcel with the Same Lot Size and Zoning, Achieving $2,250/Month for 1-Bedroom Units
- Located Just 1.9 Miles from the New $92 Million St. Pete Pier and the Vinoy Park Waterfront Venue
- Within 8 Miles of St. Pete Beach; Voted the #1 Beach in the U.S. (Trip Advisor, 2021)