Commercial Sale · Multi Family (5+)
335 47TH AVENUE N, ST PETERSBURG, FL, 33703
Active406 days on marketListed Sep 10, 2025MLS #TB8425350
About this property
The property at a glance
Introducing a highly sought-after multifamily investment opportunity located in the Parklane Condominiums of St. Petersburg that are well-performing, and in a professionally managed community with a stable tenant base and strong market fundamentals. This 13-unit portfolio consists of eleven 1-bedroom units and two 2-bedroom units, with full occupancy and reliable rental performance. Situated just off the 4th Street corridor and minutes from downtown, the property benefits from excellent connectivity to I-275, vibrant employment centers, retail corridors, and public transit lines. The asset operates under a condominium regime with HOA coverage that includes exterior maintenance, roofing, landscaping, pool service, water, sewer, trash, and cable, which significantly reduces operational burden and creates an attractive management-light investment structure. The fenced grounds, mature landscaping, and community amenities including a pool and gazebo, provide long-term stability and tenant retention. With projected gross rents surpassing $15,000 monthly and consistent historical occupancy, this portfolio is well-positioned for institutional or private capital seeking a scaled, income-producing asset with limited turnover and strong cash-on-cash performance in one of Tampa Bay's fastest-growing submarkets. Owner willing to sell off bundles of units.
555
Building sq ft
$2,207
Price / sq ft
0
Lot acres
1973
Year built
1
Building
Multi Family (5+)
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$6,689/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Kathy to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
635
Population
$57,089
Median income
50
Median age
2
Avg household
$349,167
Median home value
$1,197/mo
Median rent
34%
Households w/ kids
Consumer profile
From girls night out to a movie night in with their closest gal pals, this population is all about getting the girls together for an evening of fun.
Meals are a social experience, and these foodies take it to the next level. This population can't wait to snap a pic of their plate and share it before chowing down.
Asian culture has a lot to offer, but the Asian cuisine tends to be the most frequently referenced. This population is talking about Asian dishes, holidays, and drinks.
Morning java. Cup of Joe. Caffeine in an IV. Whatever they call it, this population loves coffee and the culture around it.
Motherhood is a unique journey for every woman. There are highs, lows,and lots to celebrate. These moms seek to share their experiences and engage with a community of moms.
Love is in the air when this population is present. Includes people expressing their feelings for significant others in special ways. Common activities include anniversaries and date nights.
Recent sales
What actually sold near 335 47TH AVENUE N
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$850,000
247 6TH AVENUE N
2,186 sqft · $389/sqft · Sold Sep 23, 2026
$1,325,000
1121 BEACH DRIVE NE
3,078 sqft · $430/sqft · Sold May 5, 2026
$1,075,000
108 7TH AVENUE N
3,276 sqft · $328/sqft · Sold Mar 31, 2026
Your team
The pros in your corner
Your agent
Kathy Miller
real estate agent · CENTURY 21 Edge
Tours, offers, and every question about 335 47TH AVENUE N — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 335 47TH AVENUE N.
See it in person
Schedule a tour
Live availability from Kathy's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of LOMBARDO TEAM REAL ESTATE LLC · Mary Gillam. MLS #TB8425350.
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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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