5150 10th Ave N #211 · St. Petersburg, FL 33710

$89,900

2 bd · 1.0 ba · 1,134 sqft · Condo public records · 212 Days on market

Built 1967 $574/mo HOA · 28% of rent

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Here is your opportunity to own and make this central St Petersburg 2 bedroom 1 bathroom condo your own. Some fresh paint and flooring will make this unit really shine. The unit comes with its own uncovered assigned parking spot #211 and in this complex each unit has its own additional storage closet (outside the unit) along with each floor of the complex has a laundry room. Ten minutes to thriving downtown St Petersburg and it's many attractions and ten minutes to our bay area's Gulf of Mexico Beaches.

Key facts

• Functional kitchen
• Second floor unit
• Generous closets

Tags

• SECOND FLOOR UNIT
• FUNCTIONAL KITCHEN
• FLORIDA ROOM
• GENEROUS CLOSETS
• BONUS STORAGE
• ASSIGNED COVERED PARKING

Property features AI

Finance

• Other: Lease restrictions apply
• Financial info: Land lease amount $144
• HOA & community: HOA (Sommer Troub/PBM) with monthly condo fee of $574; Association fees include common area taxes, reserves, grounds maintenance, sewer, trash and water; Association amenities: laundry, storage; Association approval required; Buyer approval required for community; Pets not allowed; Monthly total fees $574; total annual fees $6,888

Exterior

• Parking: Assigned parking; Covered parking; Guest parking; 1-car carport
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected
• Home design: Condominium; Residential property; 3 total stories in building; Unit on 2nd floor; North-facing
• Construction: Block and concrete construction; Other roof; Slab foundation; Building/complex identified as A 5150; Built/area recorded at 1,134 sq ft
• Exterior features: Sidewalk; Exterior storage

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 2 bedrooms (unit on 2nd floor)
• Flooring: Carpet; Tile; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Living room/dining room combo; Florida room; Building has elevator
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $90k.

Deal economics

• At list price, monthly cash flow is $374 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $90k).
• Recommended offer: $79k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.3% vs local median 2.6% in St. Petersburg — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Pinellas (suburban): math 51% / reading 51% proficiency, ranked #31 of 73 in FL (top 42%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents soft (-0.5%/yr); 313 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• This rent runs 32% of the median local income ($79k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $622 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Pinellas County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 212 days — a 12% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 8y ago; this cycle's ask has dropped $9k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $67k; 34% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 28% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $79,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 212 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 2.31% ✓
• Cap rate: 11.29%
• Cash-on-cash: 17.85%
• DSCR: 1.79
• GRM: 3.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 3.9%
• Equity multiple: 1.14×
• Total profit: $3,621
• Equity at exit: $13,404

10-year hold

• IRR: 8.1%
• Equity multiple: 1.48×
• Total profit: $12,075
• Equity at exit: $7,773

Cash invested: $25,172 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 33710

• Rents YoY: -0.5%
• Active inventory: 313
• Price-to-rent: 3.6×

Monthly cashflow live

• Estimated rent: $2,077 high
• Mortgage (P&I): −$471
• Tax from tax record: −$183 /mo · $2,201/yr
• Insurance: −$37
• HOA: −$574
• Vacancy / Maint / Mgmt: −$436
• Net cashflow: $374

Break-even live

Break-even rent $1,603

Max offer price $89,900

Occupancy floor 77%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $22,475
• Closing costs: $2,697
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5330 11th Ave N Saint Petersburg, FL	2.0	1.0	756	$1,800	$2.38	4d	1	0.12mi
5318 9th Ave N Saint Petersburg, FL	3.0	2.0	1142	$2,600	$2.28	4d	1	0.15mi
630 50th St N Saint Petersburg, FL	2.0	1.0	1085	$2,070	$1.91	24d	1	0.28mi
4942 Oxford Ave N Saint Petersburg, FL	2.0	1.0	776	$1,700	$2.19	24d	1	0.36mi
5521 5th Ave N Saint Petersburg, FL	2.0	1.0	952	$1,750	$1.84	3d	1	0.42mi
430 55th St N Saint Petersburg, FL	2.0	1.5	735	$1,850	$2.52	7d	1	0.48mi
4594 10th Ave N Saint Petersburg, FL	3.0	2.0	1432	$3,100	$2.16	24d	1	0.51mi
1101 46th St N Saint Petersburg, FL	2.0	1.0	1300	$2,300	$1.77	4d	1	0.51mi
441 57th St N Saint Petersburg, FL	2.0	1.0	1160	$1,950	$1.68	2d	1	0.55mi
5545 3rd Ave N Saint Petersburg, FL	2.0	1.0	962	$2,400	$2.49	3d	1	0.58mi
5428 Burlington Ave N Saint Petersburg, FL	2.0	1.0	726	$2,150	$2.96	24d	1	0.62mi
4526 6th Ave N Saint Petersburg, FL	2.0	1.0	888	$1,950	$2.20	4d	1	0.64mi
5050 2nd Ave N Saint Petersburg, FL	2.0	1.0	816	$1,495	$1.83	3d	1	0.67mi
5701 21st Ave N Saint Petersburg, FL	1.0–2.0	1.0	775	$1,899	$2.45	7d	3	0.79mi
5919 4th Ave N Saint Petersburg, FL	2.0	1.0	1053	$2,650	$2.52	3d	1	0.79mi
5762 2nd Ave N Saint Petersburg, FL	2.0	1.0	843	$2,000	$2.37	3d	1	0.82mi
5860 22nd Ave N Apt 5 St. Petersburg, FL	2.0	1.0	800	$1,300	$1.62	24d	1	0.84mi
4148 11th Ave N Saint Petersburg, FL	2.0	1.0	806	$2,000	$2.48	24d	1	0.86mi
4227 5th Ave N Saint Petersburg, FL	2.0	1.0	930	$2,100	$2.26	4d	1	0.86mi
1108 Winchester Rd N St Petersburg, FL	3.0	1.0	1011	$1,800	$1.78	20d	1	0.86mi
5900 22nd Ave N Unit 1 St. Petersburg, FL	3.0	2.0	1100	$1,999	$1.82	17d	1	0.86mi
5900 22nd Ave N Saint Petersburg, FL	3.0	1.0	1100	$1,950	$1.77	4d	1	0.86mi
5900 22nd Ave N Unit 14 St. Petersburg, FL	2.0	1.0	1000	$1,650	$1.65	14d	1	0.86mi
4136 13th Ave N Saint Petersburg, FL	3.0	2.0	1154	$2,600	$2.25	11d	1	0.89mi
5034 2nd Ave S Unit A St. Petersburg, FL	2.0	1.0	1062	$1,950	$1.84	4d	1	0.91mi
5055 3rd Ave S Saint Petersburg, FL	3.0	2.0	1254	$2,100	$1.67	3d	1	0.94mi
2176 Winchester Rd N #2 Saint Petersburg, FL	3.0	2.0	1080	$2,250	$2.08	14d	1	0.95mi
1803 42nd Way N Saint Petersburg, FL	2.0	2.0	1421	$4,200	$2.96	24d	1	0.95mi
600 40th St N Saint Petersburg, FL	1.0–3.0	1.0–2.5	1187	$1,598	$1.35	4d	12	1.01mi
6080 22nd Ave N #3 Saint Petersburg, FL	2.0	2.0	900	$1,825	$2.03	4d	1	1.05mi
6080 22nd Ave N #3 Saint Petersburg, FL	2.0	2.0	890	$1,825	$2.05	24d	1	1.05mi
6080 22nd Ave N #5 Saint Petersburg, FL	2.0	2.0	890	$1,725	$1.94	24d	1	1.05mi
2819 53rd St N Saint Petersburg, FL	2.0	1.0	900	$1,995	$2.22	4d	1	1.07mi
4218 24th Ave N Saint Petersburg, FL	2.0	1.0	1121	$1,925	$1.72	4d	1	1.09mi
5156 5th Ave S Saint Petersburg, FL	3.0	1.0	1139	$1,995	$1.75	24d	1	1.09mi
3901 5th Ave N Unit 3901 5th D St. Petersburg, FL	2.0	1.0	825	$1,595	$1.93	7d	1	1.10mi
4948 5th Ave S Saint Petersburg, FL	3.0	1.5	1379	$2,450	$1.78	3d	1	1.11mi
450 47th St S Saint Petersburg, FL	3.0	1.0	960	$2,950	$3.07	3d	1	1.14mi
3700 9th Ave N Saint Petersburg, FL	1.0–2.0	1.0–2.0	755	$2,025	$2.68	1d	3	1.23mi
3938 2nd Ave N Saint Petersburg, FL	2.0	1.0	1000	$2,495	$2.50	3d	1	1.23mi

HOA detail condo

• Monthly dues: $574 · $6,888/yr
• Likely covers: parking
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 23 events

1. 2026-06-18
   days on market $89,900 Active 212 DOM
2. 2026-06-17
   days on market $89,900 Active 211 DOM
3. 2026-06-16
   days on market $89,900 Active 210 DOM
4. 2026-06-15
   days on market $89,900 Active 209 DOM
5. 2026-06-13
   days on market $89,900 Active 207 DOM
6. 2026-06-09
   days on market $89,900 Active 203 DOM
7. 2026-06-08
   remarks 699-char remark
8. 2026-06-08
   days on market $89,900 Active 202 DOM
9. 2026-06-07
   days on market $89,900 Active 201 DOM
10. 2026-06-04
    days on market $89,900 Active 198 DOM
11. 2026-06-03
    days on market $89,900 Active 197 DOM
12. 2026-06-01
    days on market $89,900 Active 195 DOM
13. 2026-05-31
    pricedays on market $89,900 Active 194 DOM
14. 2026-02-02
    price $94,500
15. 2025-11-18
    listed $99,000 Active
16. 2021-06-15
    historical
17. 2021-06-09
    price $114,500
18. 2021-05-29
    price $116,500
19. 2021-05-17
    listed $118,500 Active
20. 2018-07-31
    soldstatus $67,000 Sold 508-char remark

    Show marketing remark (508 chars)

    Here is your opportunity to own and make this central St Petersburg 2 bedroom 1 bathroom condo your own. Some fresh paint and flooring will make this unit really shine. The unit comes with its own uncovered assigned parking spot #211 and in this complex each unit has its own additional storage closet (outside the unit) along with each floor of the complex has a laundry room. Ten minutes to thriving downtown St Petersburg and it's many attractions and ten minutes to our bay area's Gulf of Mexico Beaches.

21. 2018-07-12
    status Pending 508-char remark

    Show marketing remark (508 chars)

    Here is your opportunity to own and make this central St Petersburg 2 bedroom 1 bathroom condo your own. Some fresh paint and flooring will make this unit really shine. The unit comes with its own uncovered assigned parking spot #211 and in this complex each unit has its own additional storage closet (outside the unit) along with each floor of the complex has a laundry room. Ten minutes to thriving downtown St Petersburg and it's many attractions and ten minutes to our bay area's Gulf of Mexico Beaches.

22. 2018-07-06
    listed $69,000 Active 508-char remark

    Show marketing remark (508 chars)

    Here is your opportunity to own and make this central St Petersburg 2 bedroom 1 bathroom condo your own. Some fresh paint and flooring will make this unit really shine. The unit comes with its own uncovered assigned parking spot #211 and in this complex each unit has its own additional storage closet (outside the unit) along with each floor of the complex has a laundry room. Ten minutes to thriving downtown St Petersburg and it's many attractions and ten minutes to our bay area's Gulf of Mexico Beaches.

23. 1996-12-30
    soldstatus $26,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $2,201 · $183/mo
• Projected year-2 tax: $2,201 · $183/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 26 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,923
• − Mortgage interest: −$5,036
• − Property taxes: −$2,201
• − Insurance: −$450
• − Repairs & maintenance: −$1,994
• − Management: −$1,994
• − HOA: −$6,888
• − Depreciation: −$2,615
• Taxable income: $3,746
• Est. tax owed @ 24.0%: −$899
• After-tax cash flow: $3,594/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Pinellas
• NCES district ID: 1201560
• Math proficiency: 51% ▼ -5.00%
• Reading proficiency: 51% ▼ -3.00%
• Median HH income: $46,270
• Composite: 43.27/100
• National rank: #3046
• State rank: #31 of 73 in FL

Livability — St. Petersburg

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: St. Petersburg, FL
• County: Pinellas County · 939,478 people
• City population: 249,151
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 33,796
• Household income: $78,611
• Rent vs Own: 18.1% rent · 81.9% own
• Severe rent burden: 542.0

Population outlook (Pinellas County) Hauer SSP2

• Today (2025): 1,027,532 people
• By 2030: 1,063,586 · +3.5%
• By 2040: 1,125,020 · +9.5%
• By 2050: 1,168,637 · +13.7%
• By 2075: 1,265,188 · +23.1%
• By 2100: 1,260,357 · +22.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Two or more races 10% Hispanic / Latino 9% Asian 5% Black 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 2%
• Common ancestry: Lithuanian 3% Romanian 3% Slovak 2%
• Foreign-born: 12% · Canada, Vietnam, China
• Languages at home: 85% English-only · Spanish 7% Other Indo-European 2% Russian/Polish/Slavic 2%

Political lean MEDSL · Pinellas

• 2024 margin: Lean R (+5.2) · D 46.9% · R 52.1%
• 2008→2024 swing: -13.5pp toward R · 2008: 8.3pp · 2024: -5.2pp
• All cycles: 2024: R+5.2 2020: D+0.2 2016: R+1.1 2012: D+5.6 2008: D+8.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -547.31%
• Current HPI: 405.0731
• Rent YoY: ▼ -0.48%
• Metro: Tampa-St. Petersburg-Clearwater, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+256.6% since first listed

10 events — show timeline

• 2026-02-02 Price Changed $94,500 Stellar MLS as Distributed by MLS Grid
• 2025-11-18 Listed $99,000 Stellar MLS as Distributed by MLS Grid
• 2021-06-15 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2021-06-09 Price Changed $114,500 Stellar MLS as Distributed by MLS Grid
• 2021-05-29 Price Changed $116,500 Stellar MLS as Distributed by MLS Grid
• 2021-05-17 Listed $118,500 Stellar MLS as Distributed by MLS Grid
• 2018-07-31 Sold (MLS) $67,000 Stellar MLS as Distributed by MLS Grid
• 2018-07-12 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-07-06 Listed $69,000 Stellar MLS as Distributed by MLS Grid
• 1996-12-30 Sold (Public Records) $26,500 Public Records

Property tax history

+12.2%/yr

Latest (2025): $2,201 · +8.7% YoY. Source: county tax records.