Commercial Sale · Multi Family (5+)
255 6TH AVENUE N, ST PETERSBURG, FL, 33701
Active49 days on marketListed Jun 23, 2026MLS #TB8522549
About this property
The property at a glance
One of Downtown St. Petersburg's rarest offerings — a historic 1925 six-unit apartment building situated steps from Historic Old Northeast in Flood Zone X. The two-story wood-frame building features 5 one-bedroom/one-bath units plus an efficiency, individually metered electric, and a 2021 roof replacement already complete. Current rents are significantly below the appraiser's concluded value and represent significant income upside with rent stabilization in gross annual potential. Grandfathered 6-unit use under NT-2 zoning protects the income-producing asset in a neighborhood where comparable new supply simply cannot be built. Value-add investors will appreciate the vacancy/rent-up story, the density efficiency, and a location that commands premium tenants with minimal concessions. A genuine value-add play in a submarket that rarely offers one. Dont miss out on the investment opportunity. Contact the listing agent for a duel portfolio marketing plan for this and 247 6th ave n.
3,345
Building sq ft
$359
Price / sq ft
0.08
Lot acres
1925
Year built
6
Units
1
Building
MULTI-FAM
Zoning
Multi Family (5+)
Property type
The numbers
Investment snapshot
5.5%
Cap rate
$53,675
Net operating income
$94,285
Gross income (yr)
$200,000
Price / unit
6
Units
Estimated payment (illustrative)
Estimated payment
$6,567/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
6,785
Population
$89,071
Median income
52
Median age
2
Avg household
$707,667
Median home value
$1,261/mo
Median rent
502
Households w/ kids
Consumer profile
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.
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.
This population swims against the tide of mainstream culture. Common interests include old music, antiques, and alternative diets (i.e., veganism).
Some dance for fitness, others for fun, and a few turn it into a profession. No matter how these people groove to the music, their love for dance is what bonds them.
Thirst isn't the only reason this population looks for a good brew. From beer drinkers on a budget to the millennial craft beer enthusiast, these men and women are passionate about different kinds of beer and how it's made.
Seeking peace and well-being through meditation, gratitude and spirituality.
Recent sales
What actually sold near 255 6TH AVENUE N
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$1,075,000
108 7TH AVENUE N
3,276 sqft · $328/sqft · Sold Mar 31, 2026
$1,325,000
1121 BEACH DRIVE NE
3,078 sqft · $430/sqft · Sold May 5, 2026
$1,840,000
626 12TH AVENUE NE
5,292 sqft · $348/sqft · Sold Mar 31, 2026
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 255 6TH AVENUE N — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 255 6TH AVENUE N.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Keep looking
Similar properties nearby
Listing courtesy of SUNSHINEAGLE LLC · Dave Masi. MLS #TB8522549.
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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