1835 16TH STREET S, St Petersburg, FL 33705

• 2,112 sqft

Property Description

A stabilized PadSplit co-living property in St. Petersburg's 33705 corridor, producing $65,000 to $85,000 in gross annual revenue with an identifiable path to more. The structure operates as six private rooms, each with its own bathroom and keypad-entry door, sharing a renovated common kitchen and dining area outfitted with white shaker cabinets, stainless steel appliances, and a full washer and dryer. LVP flooring runs throughout, crown molding gives each common space a finished feel, and a covered front porch signals the kind of curb appeal that holds quality tenants. Step inside and the hallway tells the story quickly: numbered doors, smart locks, and a consistent finish level from front to back that keeps turnover low and occupancy high. Currently five of six rooms are filled at $280 per week, with flexible lease terms ranging from two months to two years and weekly rent collection built into the PadSplit platform. Full occupancy — the historical norm — puts gross revenue north of $87,000 annually. The common living room, which tenants rarely use, is the upside. Converting that space to a seventh bedroom adds approximately $14,500 in additional annual gross revenue while preserving the kitchen, dining area, and laundry. The bones are already there; it is a straightforward conversion with meaningful return. Positioned minutes from downtown St. Petersburg, the St. Pete Pier, Bayfront Health, and I-275 access to Tampa, this address draws working adults who need flexible lease terms and a connected location. Demand in this corridor is consistent, the PadSplit model keeps collections systematic, and the property transfers in stabilized, turnkey condition.

Listing Status:

Active

Date Added:

April 1, 2026

Data Last Updated:

April 3, 2026 at 7:21AM

Listing Office:

KELLER WILLIAMS GULF BEACHES : 727-367-3756

Listing Agent:

Troy Walseth : 727-331-5500

MLS ID:

TB8493145

Interior

• Appliances: DishwasherDryerMicrowaveRefrigeratorWasher
• A/C: Central Air
• Heating: Central

Construction

• Roofing: Shingle
• General: BlockOneSlab

Location

• Road/Access: City Street
• Originating MLS: Stellar MLS
• County: Pinellas

Lot

• Zoning: FRUITLAND HEIGHTS BLK ELOT 2325-31-16-29664-005-0230

Utilities

• Utilities: BB/HS Internet CapableElectricity AvailablePublicWater Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Stellar MLS
• Ownership: Fee Simple