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548 3rd Street N

St. Petersburg, FL 33701

4 beds
6 baths
3,453 sqft
9,614 sqft lot
$369 per sqft
1953 build
– on site

This prime 6-unit multifamily property in St. Petersburg’s highly sought-after Old Northeast the neighborhood offers an exceptional opportunity for investors and owner-operators alike. Located at 548 3rd St N, a couple of blocks from downtown, this property provides a rare chance to either maximize rental income with current below-market rents or explore future redevelopment potential as this property is twice the size of a regular lot, .215 acres to be exact, just shy of a quarter acre! The property consists of four spacious one-bedroom units and two well-designed studio apartments. The property is located in a non-flood zone, meaning no costly flood insurance is required. The landlord covers the water, sewer, and garbage. All tenants pay their electric bills, one tenant has electricity included in their rent as they share the power with the common electric for the property lights, etc. Additional revenue streams include a coin-operated laundry facility with a full-size washer and dryer. Parking is plentiful, with two garages and four dedicated off-street parking spots. There is also an additional storage area that could be leased. This investment is ideally located in Old Northeast, one of St. Pete’s most desirable and historic neighborhoods. Tenants will appreciate being within walking distance of the vibrant downtown district, where they can enjoy a variety of restaurants, entertainment, and nightlife. The scenic St. Pete Pier is nearby, offering waterfront dining, museums, and events. North Shore Park and The Community Center provides access to tennis courts, green spaces, and beachside recreation, while the 4th Street Corridor is home to an array of shops, cafes, and conveniences. With strong rental demand and limited multifamily inventory in the area, this property presents a tremendous opportunity for immediate cash flow and long-term appreciation. Don’t miss the chance to own a valuable investment in one of St. Petersburg’s most dynamic and walkable locations. Schedule a private tour today and explore the possibilities this multifamily gem has to offer.

Listing courtesy of STELLAR_MLS / SEXAUER REAL ESTATE INTL.

Last checked: Checking… • Last updated Mar 28, 2025 •

MLS# TB8366139 —

The Building

Year Built:

1953
New Construction:

false
Construction Materials:

Block
Roof:

Shingle
Foundation Details:

Pillar/Post/Pier
Patio And Porch Features:

Porch
# of Buildings:

3
Building Area Total:

4702
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Interior Features:

High Ceilings
Flooring:

Ceramic Tile
Fireplace:

true
Fireplace Features:

Family Room

Room Dimensions

Living Area:

3453
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

From 4th Street N & 22nd Avenue N, head south on 4th Street N and Turn left onto 6th Avenue N. Turn right onto 3rd Street N to the address on your left, between 5th Avenue N and 6th Avenue N. Park on the street.
Latitude:

27.77824
Longitude:

-82.637582
Coordinates:

-82.637582, 27.77824

The Property

Parcel Number:

183117905760030010
Property Type:

Residential Income
Property Subtype:

Multi Family
Lot Features:

Historic District
Lot Size Acres:

0.22
Lot Size Area:

9614
Lot Size SqFt:

9614
Lot Size Units:

Square Feet
Total Acres:

0 to less than 1/4
Zoning:

MULTI FAM
View:

false
Exterior Features:

Courtyard
Water Source:

Public
Road Responsibility:

Public Maintained Road
Road Surface Type:

Brick
Road Frontage Type:

Street Brick
Flood Zone Code:

X
Flood Zone Panel:

12103C0219H
Additional Parcels:

false
Homestead:

false
Lease Restrictions:

true
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Lot:

10
Tax Block:

003
Tax Legal Description:

THORNTON'S ADD BLK'S B & C REP BLK C, S 47FT OF N 87FT OF LOTS 1 & 2 & E 5.50 FT OF N 44FT OF LOT 3 & S 83 FT OF E 50 FT OF LOT 3
Tax Book Number:

H1-61
Tax Annual Amount:

10013

Beds

Bedrooms Total:

4

Baths

Total Baths:

6

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Electric
Heating:

true
Cooling:

Wall/Window Unit(s)
Cooling:

true

Utilities

Utilities:

Electricity Connected
Sewer:

Public Sewer

Appliances

Appliances:

Dryer
Laundry Features:

Common Area

Schools

Elementary School:

North Shore Elementary-PN
Middle Or Junior School:

John Hopkins Middle-PN
High School:

St. Petersburg High-PN

The Community

Subdivision Name:

THORNTONS ADD
Senior Community:

false
Waterview:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Association:

false
Association Fee Requirement:

None
Ownership:

Fee Simple
Association Approval Required:

false

Parking

Garage:

true
Attached Garage:

false
Garage Spaces:

2
Carport:

false
Covered Spaces:

2
Open Parking:

true
Parking Features:

Assigned

Extra Units

Other Structures:

Storage
# of Units Total:

6

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/26/25 Mar 26, 2025	Listed / Active	STELLAR_MLS	$1,275,000
9/21/24 Sep 21, 2024	Listed / Active	STELLAR_MLS

Multifamily For Sale

$1,275,000

Listing provided by broker:

Steve Sexauer

SEXAUER REAL ESTATE INTL.

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This multifamily located in Downtown St. Petersburg, St. Petersburg 33701 is currently for sale for $1,275,000. 548 3rd Street N is a 3,453 square foot multifamily with 4 beds and 6 baths that has been on Estately for 4 days. 548 3rd Street N is in the Downtown St. Petersburg neighborhood of St. Petersburg and has a WalkScore® of 90, making it a walker’s paradise.

Listing Courtesy of: STELLAR_MLS and SEXAUER REAL ESTATE INTL..

Based on information from the My Florida Regional MLS DBA Stellar MLS 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.