Ad #7824906
MLS #TB8493145
A stabilized PadSplit co-living property in St. Petersburg's
1835 16TH ST S, St. Petersburg, FL 33705
$625,000
--Beds
--Baths
2,112Sqft
0.13Acres
About this property
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.
Property Features
0 Beds
0 Baths
2,112 Sqft
Built in 2023
0.13 Acres
Siding: Block
Shingle Roof
Central
$9,162 / yr property tax
Pinellas County
FRUITLAND HEIGHTS Community
Additional Photos
Contact Information
Troy Walseth
Keller Williams Gulf Beaches
727-331-5500
Location
Listing Agent: Troy Walseth (License #: 3261857) 727-331-5500
Broker: Keller Williams Gulf Beaches 727-367-3756 Listing Site
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Keller Williams Gulf Beaches 727-367-3756 Listing Site
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 12, 2026
Photo Gallery
$625,000
--
Beds
--
Baths
2,112
Sqft
1835 16TH ST S, St. Petersburg, FL 33705
By contacting this agent you agree to these Terms and Conditions.
MLS# TB8493145
A stabilized PadSplit co-living property in St. Petersburg's
$625,000
1835 16TH ST S, St. Petersburg, FL 33705
--
Beds
--
Baths
2,112
Sqft
0.13
Acres
$625,000
1835 16TH ST S, St. Petersburg, FL 33705
-- Beds
-- Baths
2,112 Sqft
0.13 Acres
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.
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Property Details
HOME DETAILS
0 Beds
0 Baths
2,112 Sqft
Built in 2023
0.13 Acres
EXTERIOR
Siding: Block
Shingle Roof
INTERIOR
Central
FINANCIAL & COMMUNITY
$9,162 / yr property tax
Pinellas County
FRUITLAND HEIGHTS Community
See More Details
Location
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Ad Statistics
Ad Number
7824906
Viewed
0 time
Listing Status
Active
Added
Jun 09, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Stellar MLS
Source Property ID
TB8493145
Listing Agent: Troy Walseth (License #: 3261857) 727-331-5500
Broker: Keller Williams Gulf Beaches 727-367-3756 Listing Site
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Keller Williams Gulf Beaches 727-367-3756 Listing Site
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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