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Listed price in listed location currency (USD).
$625,000

000

MLS® TB8493145

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size 2112 sqft
Garage 
Taxes $9,162
Days Active 31
Lot Size 
Approx. Age 2023
Avg. Price Per Sqft $295
MLS® Number TB8493145

Property Address: 1835 16th St S, ST PETERSBURG, FL, 33705-2533

Average square foot calculated using Size range provided by listing agent.

Description

A stabilized PadSplit co-living property in St. Petersburg's 33705 corridor, producing $65, 000 to $85, 000 in gross annual revenue with an identifiable path to more. The structure operates as six private rooms, each with its own bathroom and keypad-entry door, sharing a renovated common kitchen and dining area outfitted with white shaker cabinets, stainless steel appliances, and a full washer and dryer. LVP flooring runs throughout, crown molding gives each common space a finished feel, and a covered front porch signals the kind of curb appeal that holds quality tenants. Step inside and the hallway tells the story quickly: numbered doors, smart locks, and a consistent finish level from front to back that keeps turnover low and occupancy high. Currently five of six rooms are filled at $280 per week, with flexible lease terms ranging from two months to two years and weekly rent collection built into the PadSplit platform. Full occupancy — the historical norm — puts gross revenue north of $87, 000 annually. The common living room, which tenants rarely use, is the upside. Converting that space to a seventh bedroom adds approximately $14, 500 in additional annual gross revenue while preserving the kitchen, dining area, and laundry. The bones are already there; it is a straightforward conversion with meaningful return. Positioned minutes from downtown St. Petersburg, the St. Pete Pier, Bayfront Health, and I-275 access to Tampa, this address draws working adults who need flexible lease terms and a connected location. Demand in this corridor is consistent, the PadSplit model keeps collections systematic, and the property transfers in stabilized, turnkey condition.
MLS® NumberTB8493145
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age2023
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 2, 2026List Date
$625,000List Price
Jun 13, 2023End Date
$495,000Sold Price

Sold

Apr 1, 2026List Date
$525,000List Price
  • Commute

Commute

Starting Address
Destination Address
1835 16Th St S, St Petersburg, FL

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