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335 47th Avenue

Saint Petersburg, FL 33703
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For the investor seeking immediate income and future upside, this 13-unit income-producing portfolio in the Parklane Condominiums offers an exceptional blend of stability, location, and scale. The mix consists of eleven one-bedroom units and two two-bedroom units, FULLY LEASED, and gross rental potential exceeding $15,000/monthly. The property is situated in a high-demand rental corridor just minutes from downtown St. Petersburg, with direct access to I-275, 4th Street, major employers, and public transportation. Parklane has had consistent demand and minimal vacancy. The portfolio benefits from an investor-friendly HOA structure that covers nearly all exterior operational costs, including maintenance, roof reserves, pool service, water, sewer, trash, cable, and landscaping, providing a pa ssive ownership profile with reduced management complexity. Tenants enjoy a gated, well-maintained community with a shared pool, green space, and common areas that promote long-term retention. Whether you are expanding an existing portfolio or executing a 1031 exchange, this stabilized asset offers immediate income, operational efficiency, and strong fundamentals in a rapidly appreciating urban market.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,299,000

AD Id : 68698767

MLS Id : MFRTB8425352

Living Area Size : 555

Year Built : 1973

County : Pinellas

Subdivision: Parklane Condo

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Feature Features

  • Interior Features

    Other Roof: Shingle Laundry Features: Common Area

    Roofing Information

    Shingle
  • Flooring Information

    Flooring: Other Construction Materials: Block
  • Heating & Cooling

    Heating: Central Cooling: Central Air WaterSource: Public

  • Building Information

    Year Built: 1973
  • Exterior Features

    Other, Sidewalk Construction Materials: Block Foundation Details: Slab

  • Property Information

    Property Type: Residential Income Sub Type: Multi-Family 5+

  • Listing Price Information

    Original List Price:$1573000

  • Tax Information

    Tax Block: NA Tax Book Number: 69-79 Tax Lot: NA Tax Legal Description: PARKLANE CONDO BLDG 335, UNIT 244 Annual Tax: $1254.78 Tax Year: 2024 Parcel Number: 06-31-17-66645-335-0244

  • Utility Information

    Public Sewer: Public Sewer Water Source: Public
  • Location Information

    Subdivision: PARKLANE CONDO City: ST PETERSBURG Direction: From I-275: Take Exit 23B for 4th Street North and go north. Turn left onto 47th Avenue North. 335 47th Avenue North will be on your right. From 4th Street N & 38th Avenue N: Head north on 4th Street N. Turn left onto 47th Avenue North. 335 47th Avenue North will be on your right.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2038 Carolina Avenue, Saint Petersburg, FL, 33703 $3,250,000 4 3 3,109 3,109 SqFt
2080 Hawaii Avenue, Saint Petersburg, FL, 33703 $2,295,000 4 4 3,160 3,160 SqFt
2060 Illinois Avenue, Saint Petersburg, FL, 33703 $3,990,000 5 6 4,747 4,747 SqFt
2063 Illinois Avenue, Saint Petersburg, FL, 33703 $2,595,000 5 4 4,344 4,344 SqFt
1997 Hawaii Avenue, Saint Petersburg, FL, 33703 $1,599,000 4 3 2,472 2,472 SqFt
2032 Kansas Avenue, Saint Petersburg, FL, 33703 $2,495,000 5 5 3,026 3,026 SqFt
2087 Michigan Avenue, Saint Petersburg, FL, 33703 $5,950,000 5 6 6,036 6,036 SqFt
1979 Iowa Avenue, Saint Petersburg, FL, 33703 $1,175,000 3 2 1,996 1,996 SqFt
2096 Massachusetts Avenue, Saint Petersburg, FL, 33703 $1,250,000 3 2 1,956 1,956 SqFt
2279 Mermaid Point, Saint Petersburg, FL, 33703 $4,250,000 4 5 4,814 4,814 SqFt
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ByOwner last updated this listing 06/23/2026 @ 06:20

MLS: MFRMLS #TB8425352 LISTED BY: Mary Gillam, LOMBARDO TEAM REAL ESTATE LLC 813-321-0437 SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS) (Listings courtesy of MFRMLS (My Florida Regional MLS DBA Stellar MLS) as distributed by MLS GRID)

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