Tour
#TB8404701, Christine Vinson, Listing office: CHRISTINE VINSON REALTY
Property details
About 5148 1st Ave S
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.
Highlights
Home typeOther
StatusActive
Lot size0.26 Acres
MLS #TB8340916
Virtual tour
Summary
- List Price: $700,000
- HOA Amount: $0
- Annual Tax Amount: $1,560
- Tax Year: 2023
- 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
- Lot Size: 0.26 Acres
- MLS Number: TB8340916
- MLS Name: MFRMLS
- Office Name: COMPASS FLORIDA LLC
- Office Phone: (727) 339-7902
- Listing Agent: Zach Steinberger
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/21/2025, 12:34:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 28, 2024 | Home Sold | $492,500 |
| May 05, 2016 | Home Sold | $121,250 |
| Feb 14, 2014 | Home Sold | $52,000 |
| Apr 03, 2012 | Home Sold | $41,000 |
| Mar 13, 2007 | Home Sold | $125,000 |
| Jan 13, 2006 | Home Sold | $85,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $121,091 | $1,560 |
| 2022 | $117,564 | $1,502 |
| 2021 | $114,140 | $1,502 |
| 2020 | $112,564 | $1,506 |
| 2019 | $110,033 | $1,458 |
| 2018 | $107,981 | $1,427 |
| 2017 | $105,760 | $1,402 |
History based on county public records data.
Nearby schools
6
Bear Creek Elementary
Public District PK-5
0.8 mi
•350 61st St S
2
Fairmount Park Elementary
Public District PK-5
0.9 mi
•575 41st St S
5
Mount Vernon Elementary
Public District PK-5
1.1 mi
•4629 13th Ave N
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $45,430. Residents of Saint Petersburg, FL typically earn between $35k-100k each year. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
37%
<35k
51%
35k-100k
11%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
51%
Single, No Kids
22%
Single, with Kids
14%
Married, No Kids
13%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
10%
12-17 yrs old
21%
18-34 yrs old
42%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Extreme Sports
Horse Races
Where do the neighbors shop?
Family Dollar
Sam's Club
Stein Mart
Where do the neighbors go to eat?
White Castle
LongHorn Steakhouse
Golden Corral
What do the neighbors drive?
Chevrolet
Oldsmobile
Buick
What do the neighbors listen to?
Rock
Contemporary Inspirational
Adult Standards
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5148 1st Ave S
The listing price of 5148 1st Ave S property is $700,000.
The property 5148 1st Ave S is land located in Saint Petersburg, Florida, 33707.
Active Listing: 5148 1st Ave S is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5148 1st Ave S are: Bear Creek Elementary (GreatSchools Rating 6/10), Fairmount Park Elementary (GreatSchools Rating 2/10), Mount Vernon Elementary (GreatSchools Rating 5/10), Thurgood Marshall Fundamental (GreatSchools Rating 7/10), Tyrone Middle School (GreatSchools Rating 6/10), James B. Sanderlin K-8 (GreatSchools Rating 7/10), Disston Academy (GreatSchools Rating 1/10), Boca Ciega High School (GreatSchools Rating 3/10), St. Petersburg Collegiate High School (GreatSchools Rating 10/10).
According to the records, the last property tax for 2023 is $1,560 (source: MLS/based on county public records data).
The last sale was on March 28, 2024 for $492,500 (source: MLS/tax record).
The property 5148 1st Ave S is 0.26 acres.
This home is located at 5148 1st Ave S in Saint Petersburg, FL and zip code 33707 in the Westminster Heights neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since January 22, 2025 and is currently priced at $700,000.
Over 41 listings were sold over their listed price in June 2025 in Saint Petersburg, FL. In the same period over 264 listings were sold below the listed price and 65 listings were sold for the listed price. The number of homes for sale in Saint Petersburg, FL decreased by 0.3% between May and June 2025. The median list price of listings available in June 2025 was $430,570, while the average time on the real estate market was 60 days.
From Rocket Homes Real Estate and based on county public records data.