5148 1st Ave S

St. Petersburg, FL 33707

$700,000
Price
11,299 / 0.26
Lot Size / Acres
Listed By Compass
Listed By Compass

Description

Pre construction 8-unit multifamily property is one of the best development opportunities in Tampa Bay! The offering is for the land and plans. For an additional fee, the developer can deliver the site permit and shovel ready. Brand new construction means insurance and capital expenditures will be very low. This is a whole new asset class of new construction rental floor plans that are not yet available in the market! A dream come true for any savvy investor seeking an exceptional income-producing...Pre construction 8-unit multifamily property is one of the best development opportunities in Tampa Bay! The offering is for the land and plans. For an additional fee, the developer can deliver the site permit and shovel ready. Brand new construction means insurance and capital expenditures will be very low. This is a whole new asset class of new construction rental floor plans that are not yet available in the market! A dream come true for any savvy investor seeking an exceptional income-producing asset. This property offers a unique chance to capitalize on the thriving real estate market and secure a solid investment for years to come. Each of the 8 units have been thoughtfully planned to maximize space and functionality, ensuring optimal comfort and convenience for future residents and tenants. With a seamless flow between living areas, bedrooms, and kitchens, these units offer an ideal balance of privacy and open concept living. The interiors are a perfect blend of style and substance, featuring high-end finishes, premium fixtures, and top-of-the-line appliances. From the elegant LVP flooring to the designer lighting fixtures, every detail has been carefully curated to create an atmosphere of sophistication and refinement. As an investor, you'll be thrilled to know that this property is expected to operate as a 8% cap rate investment, with no capital expenditures required since it will be brand new construction. This means you can start generating income from day one without worrying about additional expenses. What's more, you have the opportunity to customize this property to your exact specifications. Floor plans, finishes, and every detail can still be decided on with the builder, allowing you to create a truly unique and personalized investment property. The developer is projecting a $1.5 million build for this exceptional multi-family property, ensuring a solid investment with a promising return on investment. Investors seeking a property with outstanding income potential need look no further. Don't miss out on this chance to be part of the thriving St Petersburg real estate market. Act now and seize the opportunity to own one of the best investment properties in all of Tampa Bay! Reach out today to discuss customization options and secure your place in this lucrative venture.

Listing Agent

  1. Zach Steinberger

    Zach Steinberger

    Listing Agent

    Compass

    CallTextEmail

Property Details for 5148 1st Avenue South

Subdivision Name
BELLECREST HEIGHTS
Township
31
Waterfront
No
LISTING UPDATED: 07/20/2025 12:44 PM

Property Details for 5148 1st Avenue South

StatusActive
MLS #TB8340916
Days on Market326
Taxes$1,604 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size0.26 AC
CountyPinellas County

Location

Add your commute

Building Information for 5148 1st Avenue South

Lot Size0.26 AC

Payment Calculator

$3,593 per month

30 year fixed, 6.28% Interest

Principal and Interest

$3,459

Property Taxes

$134

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5148 1st Avenue South

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Directions: From 1st Ave S, head east towards downtown, and home is on the right on 51st St N block // From I275-S get off on 5th Ave N and turn left on 51st st N, turn left on 1st Ave S, lot is on the right
  • Mls Major Change Type: New Listing
  • Major Change Type: New Listing
  • Listing Service: Full Service
  • Street Number: 5148
  • Street Name: 1ST
  • Street Suffix: AVENUE
  • Street Direction Suffix: S
  • State: FL
  • City: ST PETERSBURG
Parking
  • Available For Lease: No
Taxes and HOA Information
  • Tax Block: 3
  • Tax Book Number: 5-86
  • Tax Legal Description: BELLECREST HEIGHTS BLK 3, LOTS 7 AND 8
  • Tax Lot: 7
  • Tax Year: 2024
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Current Use: Multi-Family
  • Lot Size Dimensions: 100 x 113
  • Parcel Number: 213116071820030070
  • Total Acreage: 1/4 to less than 1/2
  • Water Access: No
  • Water Extras: No
  • Lot Dimensions: 100 x 113
Property and Assessments
  • Flood Zone Code: X
  • Public Survey Range: 16
  • Public Survey Section: 21
Utilities
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Public, Sewer Connected, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Pool: None
  • Pool Private: No
  • Waterfront Feet Total: 0
Interior Features
  • Living Area Units: Square Feet
  • Water View: No

Property History for 5148 1st Avenue South

DateEvent & SourcePriceAppreciation
Jan 22, 2025

Listed (Active)

MFRMLS #TB8340916

$700,000—
Mar 27, 2024

Sold (Public Record)

Public Record #1530092255

$492,500

+19.4% / yr

Mar 27, 2024

Sold

MFRMLS #J973894

$492,500—
Mar 27, 2024

Listed (Active)

MFRMLS #J973894

$492,500—
Jun 19, 2018

Withdrawn

MFRMLS #U7841904

$175,000—
Jan 1, 2018

Listed (Active)

MFRMLS #U7841904

$175,000—
Apr 25, 2016

Sold (Public Record)

Public Record #571037115

$121,250

+27.8% / yr

Apr 25, 2016

Sold

MFRMLS #U7763410

$121,250—
Feb 3, 2016

Pending

MFRMLS #U7763410

—
Jan 19, 2016

Listed (Active)

MFRMLS #U7763410

$125,000—
Nov 18, 2014

Expired

MFRMLS #U7620817

$98,500—
May 19, 2014

Listed (Active)

MFRMLS #U7620817

$116,500—
Nov 10, 2012

Sold (Public Record)

Public Record #410165618

$52,000

+47.8% / yr

Nov 9, 2012

Withdrawn

MFRMLS #U7558012

$60,000—
Sep 5, 2012

Listed (Active)

MFRMLS #U7558012

$75,000—
Apr 2, 2012

Sold (Public Record)

Public Record #328915920

$41,000

-19.7% / yr

Nov 10, 2010

Expired

MFRMLS #U7462795

$70,000—
May 10, 2010

Listed (Active)

MFRMLS #U7462795

$70,000—
Feb 15, 2010

Expired

MFRMLS #U7446039

$76,999—
Jan 14, 2010

Listed (Active)

MFRMLS #U7446039

$76,999—
Dec 2, 2009

Expired

MFRMLS #U7354757

$76,999—
Jul 2, 2008

Listed (Active)

MFRMLS #U7354757

$148,000—
Mar 5, 2007

Sold (Public Record)

Public Record #216080811

$125,000

+40.1% / yr

Sep 8, 2006

Expired

MFRMLS #U7195530

$149,900—
Sep 8, 2006

Expired

MFRMLS #U7195523

$149,900—
May 8, 2006

Listed (Active)

MFRMLS #U7195530

$169,900—
May 8, 2006

Listed (Active)

MFRMLS #U7195523

$164,900—
Jan 11, 2006

Sold (Public Record)

Public Record #173142461

$85,000—
DateEvent & SourcePrice
01/22/2025

Listed (Active)

MFRMLS #TB8340916

$700,000
03/27/2024

Sold (Public Record)

Public Record #1530092255

$492,500

+19.4% / yr

03/27/2024

Sold

MFRMLS #J973894

$492,500
03/27/2024

Listed (Active)

MFRMLS #J973894

$492,500
06/19/2018

Withdrawn

MFRMLS #U7841904

$175,000
01/01/2018

Listed (Active)

MFRMLS #U7841904

$175,000
04/25/2016

Sold (Public Record)

Public Record #571037115

$121,250

+27.8% / yr

04/25/2016

Sold

MFRMLS #U7763410

$121,250
02/03/2016

Pending

MFRMLS #U7763410

—
01/19/2016

Listed (Active)

MFRMLS #U7763410

$125,000
11/18/2014

Expired

MFRMLS #U7620817

$98,500
05/19/2014

Listed (Active)

MFRMLS #U7620817

$116,500
11/10/2012

Sold (Public Record)

Public Record #410165618

$52,000

+47.8% / yr

11/09/2012

Withdrawn

MFRMLS #U7558012

$60,000
09/05/2012

Listed (Active)

MFRMLS #U7558012

$75,000
04/02/2012

Sold (Public Record)

Public Record #328915920

$41,000

-19.7% / yr

11/10/2010

Expired

MFRMLS #U7462795

$70,000
05/10/2010

Listed (Active)

MFRMLS #U7462795

$70,000
02/15/2010

Expired

MFRMLS #U7446039

$76,999
01/14/2010

Listed (Active)

MFRMLS #U7446039

$76,999
12/02/2009

Expired

MFRMLS #U7354757

$76,999
07/02/2008

Listed (Active)

MFRMLS #U7354757

$148,000
03/05/2007

Sold (Public Record)

Public Record #216080811

$125,000

+40.1% / yr

09/08/2006

Expired

MFRMLS #U7195530

$149,900
09/08/2006

Expired

MFRMLS #U7195523

$149,900
05/08/2006

Listed (Active)

MFRMLS #U7195530

$169,900
05/08/2006

Listed (Active)

MFRMLS #U7195523

$164,900
01/11/2006

Sold (Public Record)

Public Record #173142461

$85,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5148 1st Avenue South

Taxable ValueLand-Additions-Total-
Tax Record2024$1,604 ($134 / month)
Home Facts
Beds0Baths1Total Finished SqFt960 SqFtAbove Grade Finished SqFt960 SqFtStories1Lot Size11,299 SqFtStyleSingle Family ResidenceYear Built1952Year Renovated1993CountyPINELLASAPN21-31-16-07182-003-0070

Schools near 5148 1st Avenue South

This home is within Pinellas.
Rating
School
Type
Grades
Distance
Bear Creek Elementary School
Public - PK to 5
Azalea Middle School
Public - 6 to 8
Boca Ciega High School
Public - 9 to 12
Disston Academy
Public - 5 to 12
Rating
School
Distance
Bear Creek Elementary School
PublicPK to 5

Azalea Middle School
Public6 to 8

Boca Ciega High School
Public9 to 12

Disston Academy
Public5 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

More information about 5148 1st Avenue South, St. Petersburg, FL 33707

5148 1st Avenue South is a 0.26 ac of land for sale in St. Petersburg, FL 33707. This property was listed for sale on January 22, 2025 by Compass, it's currently listed at $700,000. It has been on the market for a total of 326 days and was last sold on March 27, 2024. This listing's school district is Pinellas. Nearby schools include Bear Creek Elementary School, Azalea Middle School and Boca Ciega High School. 5148 1st Avenue South is a 0-bed, 0-bath, 0.26 ac of land on a 11,299 sq. ft. / 0.26 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 07/20/2025 12:44 PM