Commercial Sale · Multi Family (5+)
340 78TH AVENUE, ST PETE BEACH, FL, 33706
Active94 days on marketListed Apr 24, 2026MLS #A4691214
About this property
The property at a glance
5-Unit Multifamily Near St. Pete Beach – Fully Renovated 2025 Income-producing 5-unit multifamily property located just minutes from St. Pete Beach. Ideal for investors seeking income in a high-demand coastal market. Fully renovated and completed in May 2025, this property offers updated interiors and improved overall condition, providing a turnkey opportunity. Property features five separate units with flexible layouts suitable for long-term or short-term vacation use (buyer to verify local regulations). Strong tourism and rental demand in the surrounding area provide potential for consistent occupancy. Conveniently located near beaches, dining, shopping, and major access routes to downtown St. Petersburg and surrounding Gulf Coast destinations. Community amenities include a pool and fitness center, enhancing tenant and guest appeal. Additional highlights include on-site parking and potential for continued value appreciation. Suitable for a range of investment strategies. Buyer to verify all measurements, zoning, and rental restrictions.
2,647
Building sq ft
$472
Price / sq ft
0.16
Lot acres
1948
Year built
5
Units
2
Buildings
Multi Family (5+)
Property type
The numbers
Investment snapshot
8.2%
Cap rate
$73,600
Net operating income
$66,655
Gross income (yr)
$250,000
Price / unit
5
Units
Estimated payment (illustrative)
Estimated payment
$6,522/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 David 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
1,773
Population
$100,398
Median income
61
Median age
2
Avg household
$506,650
Median home value
$2,070/mo
Median rent
36%
Households w/ kids
Consumer profile
The party don't stop until the sun comes up. Loud music, crowds, and shots are a recipe for a great night out for these people.
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.
This population follows the music. From local bands to current acts at the local venue, you can find these people researching band tours and how to get backstage passes.
Always thinking about their next destination, this population loves exploring new places abroad or right in their own backyard. They hold onto past trips by sharing their favorite memories and pictures year round.
Who says the body isn't a canvas? This population loves talking about tattoos, body art and piercings.
This population finds the most beautiful sites just by looking up. Sunrise, sunset or sometime in between, these people love to marvel at man-made and natural wonders.
Recent sales
What actually sold near 340 78TH AVENUE
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$750,000
6552 GULF WINDS DRIVE
2,280 sqft · $329/sqft · Sold Mar 23, 2026
$1,150,000
26 79TH TERRACE
1,952 sqft · $589/sqft · Sold Mar 20, 2026
$925,000
5845 FAIRFIELD AVENUE S
6,384 sqft · $145/sqft · Sold Jun 26, 2026
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 340 78TH AVENUE — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 340 78TH AVENUE.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Listing courtesy of KW SUNCOAST · Jon Sullivan. MLS #A4691214.
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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