Ad #7824905
MLS #TB8493152
A block from 34th Street and Central Avenue, right in the middle
3527 1ST AVE S, St. Petersburg, FL 33711
$1,200,000
--Beds
--Baths
3,641Sqft
0.29Acres
About this property
A block from 34th Street and Central Avenue, right in the middle of one of St. Petersburg's highest-traffic corridors, this 12-bedroom multifamily is already producing and has the numbers to show for it. The kind of foot traffic and visibility that 34th and Central bring helps explain why occupancy stays around 90% on a weekly rental model. Ten of the rooms have their own private full bath right inside the unit, and the remaining two share a bath just steps awaymon areas round out the day-to-day. The shared kitchen has room to cook without getting in each other's way, a living room gives tenants a place to unwind outside their own four walls, and an on-site laundry room means nobody has to leave the building for the basics. It is a simple setup, and that simplicity is a big part of why people stay.
The income tells the rest of the story. Twelve rooms generating $250 to $300 per week through PadSplit, with $129,600 in annual gross revenue for 2025 and roughly 90% occupancy. Tenants stay anywhere from two months to two years. Three independent AC systems keep the building comfortable year-round, and an on-site parking lot handles daily traffic. At 3,641 square feet of living space inside a 4,377 gross square foot commercial shell, the building carries more capacity than the residential use alone would suggest.
Worth noting: this building started life as a medical clinic, and that original layout is still intact. The private rooms with en-suite baths, the separation between spaces, the commercial-grade shell, all of it was designed for clinical use first. The zoning, commercial structure with residential use, reflects that history. For a medical group, wellness practice, or healthcare provider looking for space in this part of St. Petersburg, the conversion work is largely already done.
Bayfront Health St. Petersburg, St. Anthony's Hospital, and Johns Hopkins All Children's Hospital are all a short drive away, putting this property in the middle of the medical and employment corridor that keeps demand steady in this part of Pinellas County. I-275 connects to Tampa in under 30 minutes, and the SunRunner rapid transit line runs straight to downtown St. Pete.
Property Features
0 Beds
0 Baths
3,641 Sqft
Built in 1971
0.29 Acres
Siding: Brick
Built-Up Roof
$9,462 / yr property tax
Pinellas County
WEST CENTRAL AVE SUB 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
$1,200,000
--
Beds
--
Baths
3,641
Sqft
3527 1ST AVE S, St. Petersburg, FL 33711
By contacting this agent you agree to these Terms and Conditions.
MLS# TB8493152
A block from 34th Street and Central Avenue, right in the middle
$1,200,000
3527 1ST AVE S, St. Petersburg, FL 33711
--
Beds
--
Baths
3,641
Sqft
0.29
Acres
$1,200,000
3527 1ST AVE S, St. Petersburg, FL 33711
-- Beds
-- Baths
3,641 Sqft
0.29 Acres
A block from 34th Street and Central Avenue, right in the middle of one of St. Petersburg's highest-traffic corridors, this 12-bedroom multifamily is already producing and has the numbers to show for it. The kind of foot traffic and visibility that 34th and Central bring helps explain why occupancy stays around 90% on a weekly rental model. Ten of the rooms have their own private full bath right inside the unit, and the remaining two share a bath just steps awaymon areas round out the day-to-day. The shared kitchen has room to cook without getting in each other's way, a living room gives tenants a place to unwind outside their own four walls, and an on-site laundry room means nobody has to leave the building for the basics. It is a simple setup, and that simplicity is a big part of why people stay.
The income tells the rest of the story. Twelve rooms generating $250 to $300 per week through PadSplit, with $129,600 in annual gross revenue for 2025 and roughly 90% occupancy. Tenants stay anywhere from two months to two years. Three independent AC systems keep the building comfortable year-round, and an on-site parking lot handles daily traffic. At 3,641 square feet of living space inside a 4,377 gross square foot commercial shell, the building carries more capacity than the residential use alone would suggest.
Worth noting: this building started life as a medical clinic, and that original layout is still intact. The private rooms with en-suite baths, the separation between spaces, the commercial-grade shell, all of it was designed for clinical use first. The zoning, commercial structure with residential use, reflects that history. For a medical group, wellness practice, or healthcare provider looking for space in this part of St. Petersburg, the conversion work is largely already done.
Bayfront Health St. Petersburg, St. Anthony's Hospital, and Johns Hopkins All Children's Hospital are all a short drive away, putting this property in the middle of the medical and employment corridor that keeps demand steady in this part of Pinellas County. I-275 connects to Tampa in under 30 minutes, and the SunRunner rapid transit line runs straight to downtown St. Pete.
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Property Details
HOME DETAILS
0 Beds
0 Baths
3,641 Sqft
Built in 1971
0.29 Acres
EXTERIOR
Siding: Brick
Built-Up Roof
FINANCIAL & COMMUNITY
$9,462 / yr property tax
Pinellas County
WEST CENTRAL AVE SUB Community
See More Details
Location
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Ad Statistics
Ad Number
7824905
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
TB8493152
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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