Nordica Bay Apartments
For sale120 47th Ave N, St Petersburg, FL 33703
Property type
Multifamily
Unit / Space count
62
Price
Subject to Market
Building size
66,148 sf
Rentable area
66,148 SF
Year built
1974
Year renovated
Occupancy
Zoning code
Lot size
1.92 Acres
Unit mix
28x
1br
8x
2br
24x
2br
Bedroom count
CAP
9.16%
Property description
Nordica Bay Apartments is a boutique 62-unit multifamily community located in one of St. Petersburg’s most desirable urban infill submarkets. Positioned along the highly accessible 4th Street North corridor, the four-story, elevator-served concrete property offers seamless connectivity to I-275, Gandy Boulevard, downtown St. Petersburg, and major employment and medical hubs including St. Anthony’s Hospital and Johns Hopkins All Children’s Hospital. The surrounding area features strong demographics, excellent walkability, and close proximity to top grocers, dining, nightlife, and the region’s premier waterfront and beaches. The well-maintained asset features newer roofs and windows, spacious layouts with one-bedrooms averaging 780 SF and two-bedrooms averaging 1,080 SF, and private screened-in patios in all two-bedroom units. Residents enjoy a robust amenity package including a swimming pool, grilling area, dog park, secured access, trash chutes, and on-site laundry. Nordica Bay presents a compelling light value add opportunity through in-unit washer/dryer installations, expanded outdoor amenity areas, and interior hallway upgrades driving future rent growth and long-term value creation.
Property highlights
- Premier St. Petersburg Offering: Boutique 62-unit community strategically positioned within a high-demand Tampa Bay submarket supported by strong demographics and proximity to major employment centers
- Mid-Rise Concrete Construction: Four-Story Mid-Rise Concrete Block Buildings with Elevatored Access
- Exterior Improvements: Well-Maintained Asset with Newer Roofs (2018) and Upgraded Vinyl Windows
- Generous Floorplans: Spacious Layouts with One-Bedrooms Averaging 780 SF and Two-Bedrooms Averaging 1,080 SF
- Private Patios: All Two-Bedroom Units Feature Private Screened-In Patios
- Robust Amenities: Expansive Amenity Package with Swimming Pool, Grilling Area, Dog Park, Trash Chutes, Secured Building Access, and On-Site Laundry Facilities
- High-Growth Urban Infill Submarket: Located minutes from vibrant core of downtown St. Petersburg, offering world-class dining, nightlife, entertainment, and cultural destinations, as well as key medical and employment hubs including St. Anthony’s Hospital and Johns Hopkins All Children’s Hospital
- Prime Central St. Petersburg Location: Strategically positioned along the highly accessible 4th Street North residential corridor with immediate connectivity to I-275 and Gandy Boulevard, providing seamless access to the greater Tampa Bay region’s employment and lifestyle hubs
- Excellent Walkability & Convenience: Just a short walk to multiple high-quality grocers including Whole Foods, Publix Supermarkets, and The Fresh Market
- Premier Waterfront & Beach Access: Just minutes from the vibrant downtown waterfront and the world-famous white sand beaches of Pinellas County, offering expansive Bay & Gulf views, outdoor recreation, and year-round leisure amenities
- Affluent Surrounding Demographics: 1-mile average household income of $134,178, supporting strong renter demand and premium positioning (ESRI)