838 6th St N - Apartments FOR SALE


Saint Petersburg, FL 33701- Crescent Lake
$1,195,000 USD
727-251-5953
838 6th St N, Saint Petersburg, FL for Sale
$1,195,000 USD
Apartments - FOR SALE
1/9
null | 6.31% Cap Rate

838 6th St N
Saint Petersburg, FL 33701
Crescent Lake


HIGHLIGHTS

  • Vintage 5-Unit Apartment Building w/ Detached Four-Car Garage & Carport | Positioned Between Two of St Pete’s Most Desirable Residential Districts
  • Tenant-Paid Utility Structure w/ Monthly Reimbursements & Electric Paid Directly to Provider
  • Desirable Unit Mix of Two 2-BD/2-BA, Two 2-BD/1.5-BA, and One 1-BD/1-BA
  • Strong Rental Upside Potential Through Additional Modern Interior Improvements | Prime St Pete Location Minutes from Downtown Core & the Bayfront
  • Spacious Units w/ In-Unit Washer/Dryers | Large Walkable Attic Area Well-Suited for Conversion to Tenant Storage for Additional Income
  • Non-Flood Zone Location Reducing Insurance Exposure & Long-Term Ownership Risk

OVERVIEW

*View Offering Memorandum for Financial Details at MultifamilyFirm.com The Multifamily Firm is pleased to present the 838 North Apartments, a vintage 5-unit apartment building featuring a detached four-car garage and carport, ideally positioned in one of S. Petersburg’s most desirable residential corridors. The property offers a highly attractive unit mix consisting of Two 2-bedroom / 2-bath units, Two 2-bedroom / 1.5-bath units, and One 1-bedroom / 1-bath unit, with spacious floor plans and in-unit washer/dryers that support strong tenant demand and long-term retention. A tenant-paid utility structure with monthly reimbursements and electric paid directly to the utility provider helps minimize operating expenses, while the opportunity to implement modern interior upgrades presents meaningful rental upside. The building includes a large walkable attic area suitable for conversion to dedicated tenant storage, creating an additional income stream. Located just minutes from Downtown St Petersburg and the waterfront bayfront, the asset benefits from a prime urban setting between the Old Northeast and Historic Uptown neighborhoods, two of the city’s most established and sought-after districts. Positioned in a non-flood zone, the property offers reduced insurance exposure and enhanced long-term ownership stability, making it a compelling opportunity for investors seeking durable cash flow in a high-demand Florida market. View the property “Offering Memorandum” document for financial details!

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$183 USD /SF

# OF UNITS

5

PRICE/UNIT

$239,000

CAP RATE

6.31%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

838 North Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1913

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

NTM-1

APN/PARCEL ID

18-31-17-77814-004-0010

ASK ABOUT THIS PROPERTY

Kyle KeelanThe Multifamily Firm, LLCMore Info
727-251-5953

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Kyle KeelanThe Multifamily Firm, LLCMore Info
727-251-5953

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.