Welcome to a rare income-producing gem in the heart of St. Petersburg's beloved Magnolia Heights neighborhood! This fully updated triplex sits on a spacious double lot and comes with not 3 but 4 active income streams — three furnished units plus a bonus RV/glamping lot that's already earning.
The Numbers: 2024… Read More verified net income of $105,238. Projected hybrid income of $75,000–$95,000/year using a furnished medium-term rental model (30+ days) — perfectly suited for St. Pete's booming travel nurse, remote worker, and snowbird market. Expenses consistently low at ~$16,000–$17,000/year. Cap rate of 9.5 return+ at asking price. Detailed month-by-month financials are available to serious buyers upon request through the listing agent.
Unit 3314 is a beautifully renovated 1BR/1BA with luxury vinyl flooring, granite countertops, indoor laundry, and a private backyard pergola. Unit 3312 is a charming 2-story 2BR/1BA with alley access, open-concept living, hurricane shutters, and an artificial turf backyard. Unit 3320 mirrors 3312's layout with all new appliances and updated landscaping. The bonus RV/glamping lot is already active with a 4.70 Airbnb rating across 20 reviews.
Every unit features a private fenced backyard, dedicated parking, new AC, smart locks, and separate entrances. NO flood zone. Zero flooding or water damage history. Minutes from Downtown St. Pete, the beaches, St. Pete/Clearwater Airport, and the Tampa Bay healthcare corridor. Detailed financials are available to serious buyers through the listing agent. Read Less
Courtesy of MADISON HEIGHTS REALTY GROUP 813-915-0030
Listing Snapshot
Days Online
296
Last Updated
Property Type
Triplex
Beds
5
Square Ft.
2,146
Lot Size
0.18 Acres
Year Built
1925
MLS Number
TB8405558
Additional Details
Property Access
Road Surface: Asphalt
Building
Built in 1925, Living area: 2146, Living area units: Square Feet, Construction Materials: Frame
Cooling
Central Air, Wall/Window Unit(s)
Exterior Features
Fence, Lighting
Foundation
Pillar/Post/Pier, Slab
Heating
Central
Interior Features
Ceiling Fans(s), Open Floorplan
Laundry
Common Area
Lot
0.18 acres, Dimensions: 80x100
Property
Completed
Roof
Shingle
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 12-31-16-06174-000-0120, Public Survey Range: 16, Public Survey Section: 12, Annual Amount: $8,391.72, Tax Block: 000, Tax Book Number: 5-37, Legal Description: BEEVER, O. A. SUB LOTS 12 AND 13, Lot: 12, Year: 2024
Utilities
Cable Connected, Electricity Connected, Sewer Connected, Water Connected, Water Source: Public
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