Commercial Sale · Multi Family (5+)
500 75TH AVENUE N, ST PETERSBURG, FL, 33702
Active16 days on marketListed Jul 27, 2026MLS #TB8532694
About this property
The property at a glance
The Isle of St. Croix Apartments is a rare investment opportunity in the highly desirable Fossil Park area of St. Petersburg. This well-maintained, single-story community consists of 10 spacious 1BR/1BA units of approximately 600 SF each, across three concrete block buildings inclusive of a shared laundry room. Each apartment features a large living area, eat-in kitchen with shaker cabinets, granite countertops, breakfast bar, oversized bedroom with walk-in closet, and a private patio space. Ideally located just minutes from Downtown St. Pete, I-275, and the vibrant 4th Street corridor, offering convenient access to premier shopping, dining, and employment centers. Tenants pay electric and water/sewer (billed back), while the owner covers trash, lawn and pest service. Fully occupied with historically low vacancy, this property is a strong turnkey multifamily investment in a prime central location.
7,128
Building sq ft
$221
Price / sq ft
0.34
Lot acres
1973
Year built
10
Units
3
Buildings
Multi Family (5+)
Property type
The numbers
Investment snapshot
4.5%
Cap rate
$71,116
Net operating income
$157,500
Price / unit
10
Units
Estimated payment (illustrative)
Estimated payment
$8,551/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
2,846
Population
$50,360
Median income
45
Median age
2
Avg household
$266,900
Median home value
$1,382/mo
Median rent
218
Households w/ kids
Consumer profile
These citizens want to make their neighborhood a better, more beautiful place to live. They're attentive to the needs and affairs of the local community.
Driven to succeed in the business world, this population seeks to progress in their career through networking happy hours, summits, and connecting with other professionals online.
Pups are just another member of the family. Dog lovers adore their tail-wagging friends and are looking for new ways to make them happy.
Always seeking the next book, article, or poem to read, this activity is prevalent in areas where reading is a way of life. Although a solo activity, the expression of the love of books is a bonding, communal experience.
These folks have their head in the game. Whether it's creating a card game tournament with friends or cheering on the home team, these people want to win.
These folks are conscious about what they eat. They're looking for ingredients that not only taste great, but also have great nutritional benefits.
Recent sales
What actually sold near 500 75TH AVENUE N
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$216
7321 N DR MARTIN LUTHER KING JR STREET N UNIT 7321
6,074 sqft · $0/sqft · Sold Nov 2, 2024
$22,446
7331 DR MARTIN LUTHER KING JR STREET N UNIT 7331
6,074 sqft · $4/sqft · Sold Aug 27, 2024
$240,000
7790 US HIGHWAY 19 N
6,990 sqft · $34/sqft · Sold Jan 10, 2025
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 500 75TH AVENUE N — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 500 75TH 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 COMPASS FLORIDA LLC · Kim Meredith-Hampton. MLS #TB8532694.
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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