Property
ActiveCommercial
1/60
$1,299,000

335 47TH AVENUE

St Petersburg, FL 33703
0
Beds
0
Baths
555
SqFt
0
Acres
STELLAR
#TB8425350
Updated: Apr 29, 2026, 7:38pm

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.
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Property Details

Interior
Building Area Total
555
Cooling
Central Air
Living Area
555
Construction
Building Area Source
Public Records
Building Area Units
Square Feet
Construction Materials
Block
Foundation Details
Slab
Living Area Units
Square Feet
Stories Total
Yes
Year Built
1973
Site & Exterior
Flood Zone Code
AE
I D X Participation
Yes
Number Of Lots
13
Public Survey Range
17
Public Survey Section
06
Road Frontage Type
City Street
Road Surface Type
Asphalt
Sewer
Public Sewer
Total Acreage
Non-Applicable
Utilities
Public
Water Source
Public
Financials
Additional Parcels
Yes
Additional Parcels Description
SEE EXHIBIT A
Calculated List Price By Calculated Sq Ft
2340.54
Contract Status Change Date
2025-09-10
Current Price
1299000
Feed Types
BBO
Owner Name
MR PARKLANE PROPERTIES LLC
Ownership
Sole Proprietor
Parcel Number
063117666453350244
Public Survey Township
31
Tax Annual Amount
1254.78
Tax Book Number
69-79
Tax Legal Description
SEE EXHIBIT A
Tax Year
2024

Neighborhood & Lifestyle

Community & Association
M L S Area Major
33703 - St Pete
Pets Allowed
Yes - See Condo Docs
Subdivision Name
PARKLANE CONDO
Listing provided courtesy of STELLAR via IDX. Updated: Apr 29, 2026, 7:38pm.
Mary Gillam

Listing Agent

LOMBARDO TEAM REAL ESTATE LLC

Call Agent