Commercial Sale · Multi Family (5+)
247 6TH AVENUE N, ST PETERSBURG, FL, 33701
Active49 days on marketListed Jun 23, 2026MLS #TB8522574
About this property
The property at a glance
Rare concrete block fourplex in the heart of Historic Old Northeast — one of Downtown St. Petersburg's most walkable and coveted rental corridors. This 4-unit property features 3 one-bedroom/one-bath units plus a spacious 2BR/2BA, on-site parking for 4–6 vehicles, and screened porches — amenities that are genuinely scarce in this submarket. Built 1954, Flood Zone X (no mandatory flood insurance). Current rents are materially below market. Ideal for investors, owner-occupants, or house-hackers looking to live in one unit while tenants cover the mortgage. Steps to Beach Drive dining, The Pier, waterfront, and downtown employment. Limited supply of multi family, strong demand in the area. A downtown St. Pete fourplex with parking doesn't stay available long.
3,225
Building sq ft
$295
Price / sq ft
0.16
Lot acres
1954
Year built
4
Units
1
Building
Multi Family (5+)
Property type
The numbers
Investment snapshot
5.5%
Cap rate
$38,220
Net operating income
$70,050
Gross income (yr)
$237,500
Price / unit
4
Units
Estimated payment (illustrative)
Estimated payment
$5,368/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 247 6TH AVENUE N
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$1,325,000
1121 BEACH DRIVE NE
3,078 sqft · $430/sqft · Sold May 5, 2026
$1,075,000
108 7TH AVENUE N
3,276 sqft · $328/sqft · Sold Mar 31, 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 247 6TH AVENUE N — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 247 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 #TB8522574.
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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