Active

3540 1st Avenue

Saint Petersburg, FL 33711
Mark as Favorite
SqFt8,808

Sqft(Lot)

Acres0.20

Acre(Lot)

This permitted, approved, and shovel ready 6 unit multifamily property is the best opportunity in Tampa Bay! Brand new construction so insurance and capital expenditures will be very low. Seller is also offering the option of selling them as TWO SEPARATE TRIPLEXES! This is a whole new asset class of new construction 3 bed/2 bath floor plans that are not yet available in the market! A dream come true for any savvy investor seeking an exceptional income-producing asset. This property offers a unique chance to capitalize on the thriving real estate market and secure a solid investment for years to come. Each of the 6 units have been thoughtfully planned to maximize space and functionality, ensuring optimal comfort and convenience for future residents and tenants. With a seamless flow between living areas, bedrooms, and kitchens, these units offer an ideal balance of privacy and open concept living. The interiors are a perfect blend of style and substance, featuring high-end finishes, premium fixtures, and top-of-the-line appliances. From the elegant hardwood flooring to the designer lighting fixtures, every detail has been carefully curated to create an atmosphere of sophistication and refinement. As an investor, you'll be thrilled to know that this property is expected to operate as a 10% cap rate investment, with no capital expenditures required since it will be brand new construction. This means you can start generating income from day one without worrying about additional expenses. What's more, you have the opportunity to customize this property to your exact specifications. Floor plans, finishes, and every detail can still be decided on with the builder, allowing you to create a truly unique and personalized investment property. The builder is projecting a $1.2 million build for this exceptional multi-family property, ensuring a solid investment with a promising return on investment. Investors seeking a property with outstanding income potential need look no further. Don't miss out on this chance to be part of the thriving St Petersburg real estate market. Act now and seize the opportunity to own one of the best investment properties in all of Tampa Bay! Reach out today to discuss customization options and secure your place in this lucrative venture. Pre-construction financing also available!

Read More Expand

Detail Ic Property Details

Property Type : Land

Price : $650,000

AD Id : 52939845

MLS Id : MFRU8218053

Lot Size : 0.20 Acre(Lot)

Living Area Size : 8,808

County : Pinellas

Subdivision: West Central Ave Resub

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Water Source

    WaterSource: Public

  • Lot Information

    Lot Dimensions: 80x110 Lot Square Feet: 8808 Lot Acres: 0.2 Lot Size (SqMt): 818

    Property Information

    Property Type: Land

  • Listing Price Information

    Original List Price:$700000

  • Tax Information

    Tax Block: 2 Tax Book Number: 4-1 Tax Lot: 5 Tax Legal Description: WEST CENTRAL AVE RESUB BLK 2, LOT 5 Annual Tax: $1289.54 Tax Year: 2022 Parcel Number: 22-31-16-96228-002-0050

  • Utility Information

    Cable Available, Cable Connected, Electricity Available, Public, Sewer Available, Sewer Connected, Water Available, Water Connected Sewer: Public Sewer Water Source: Public
  • Location Information

    Subdivision: WEST CENTRAL AVE RESUB City: ST PETERSBURG Direction: From I275-S get off on 5th Ave N and turn left on 36th st N, turn left on 1st Ave S, house is on the right.
Sell a home like this and save $38,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3415 21st Avenue, Saint Petersburg, FL, 33711 $675,000 -- -- 18,435 0.42 Acre(Lot)
26th Avenue, Saint Petersburg, FL, 33711 $179,000 -- -- 10,603 0.24 Acre(Lot)
14th Avenue, Saint Petersburg, FL, 33711 $125,000 -- -- 5,040 0.12 Acre(Lot)
3474 16th Avenue, Saint Petersburg, FL, 33711 $110,500 -- -- 6,050 0.14 Acre(Lot)
3530 2nd Avenue, Saint Petersburg, FL, 33711 $129,400 -- -- 5,001 0.11 Acre(Lot)
3726 19th Avenue, Saint Petersburg, FL, 33711 $149,999 -- -- 4,282 0.10 Acre(Lot)
3834 29 Avenue, Saint Petersburg, FL, 33711 $285,000 -- -- 37,096 0.85 Acre(Lot)
18th Avenue, Saint Petersburg, FL, 33711 $249,900 -- -- 8,255 0.19 Acre(Lot)
42nd St S, Saint Petersburg, FL, 33711 $116,000 -- -- 3,999 0.09 Acre(Lot)
2451 Quincy Street, Saint Petersburg, FL, 33711 $299,000 -- -- 6,351 0.15 Acre(Lot)
Broker Logo

Disclaimer: The information being provided courtesy of MFRMLS (My Florida Regional MLS DBA Stellar MLS) as distributed by MLS GRID and is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the MFRMLS (My Florida Regional MLS DBA Stellar MLS). ByOwner.com is not a Multiple Listing Service (MLS), nor does it offer MLS access. ByOwner.com is a broker participant of MFRMLS (My Florida Regional MLS DBA Stellar MLS). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.

Based on information submitted to the MLS GRID as of 06/22/2026 @ 06:20. All data is obtained from various sources and may not have been verified by the 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.
Properties displayed may be listed or sold by various participants in the MLS.

Consumer use of IDX Listings Disclaimer: Based on information submitted to the MLS GRID as of 06/22/2026 @ 06:20. 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. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.


DMCA Notice: The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
“The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

ByOwner last updated this listing 06/22/2026 @ 06:20

MLS: MFRMLS #U8218053 LISTED BY: Zach Steinberger, COMPASS FLORIDA LLC 727-339-7902 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)

Homes around $650,000

Selling? Save $38,501 when you sell a home like this

Tour with a ByOwner Agent