335 47TH AVENUE N, St Petersburg, FL 33703

• 555 sqft

Property Description

Introducing a highly sought-after multifamily investment opportunity located in the Parklane Condominiums of St. Petersburg&mdasha well-performing, professionally managed community with a stable tenant base and strong market fundamentals. This 13-unit portfolio consists of eleven 1-bedroom units and two 2-bedroom units, with full occupancy and reliable rental performance. Situated just off the 4th Street corridor and minutes from downtown, the property benefits from excellent connectivity to I-275, vibrant employment centers, retail corridors, and public transit lines. The asset operates under a condominium regime with HOA coverage that includes exterior maintenance, roofing, landscaping, pool service, water, sewer, trash, and cable, which significantly reduces operational burden and creates an attractive management-light investment structure. The fenced grounds, mature landscaping, and community amenities including a pool and gazebo, provide long-term stability and tenant retention. With projected gross rents surpassing $15,000 monthly and consistent historical occupancy, this portfolio is well-positioned for institutional or private capital seeking a scaled, income-producing asset with limited turnover and strong cash-on-cash performance in one of Tampa Bay's fastest-growing submarkets.

Listing Status:

Active

Date Added:

September 10, 2025

Data Last Updated:

July 26, 2026 at 11:23PM

Listing Office:

LOMBARDO TEAM REAL ESTATE LLC : 813-321-0437

Listing Agent:

Mary Gillam : 703-283-0625

MLS ID:

TB8425350

Interior

• A/C: Central Air

Construction

• General: BlockSlab

Location

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

Lot

• Zoning: SEE EXHIBIT A06-31-17-66645-335-0244

Utilities

• Utilities: Public
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Stellar MLS
• Ownership: Sole Proprietor