1200 26th Ave S · St. Petersburg, FL 33705

$289,900

3 bd · 3.0 ba · 2,816 sqft · MultiFamily public records · 1 Days on market

Built 1949 8,594 sqft lot

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Why this score? — see what drove the C 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 +25.0/30.0
• DSCR +8.1/10.0
• 1% rule +7.6/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

Motivated Seller is now offering $10,000 in Seller Concessions toward Buyer closing costs with all reasonable offers!!! Completely updated 3 bed, 2 Bath Block Home with a 1 car Carport in South St. Pete with an additional 120sf Bonus Room off the Family Room. This large corner lot has Mature Oaks and landscaping plus an above ground pool for those hot days. The home features updates throughout so this house is move-in ready!! PLUS the Seller's have already obtained a 4-Point inspection and made sure all repairs were completed prior to listing. All plumbing has been replaced with the exception of the meter line. The Roof, Vinyl Floors and above ground pool were all installed in 2019. Garage has been converted to storage and laundry with entrance. Oh did I mention is also has a 1/1 Apartment on it's own meter and separate entrance so you have immediate income potential!! This home is only a block from 362 acre freshwater Lake Maggiore which offers a playground, picnic shelters and a boat ramp. Prime location situated a short distance from Downtown or the Gulf Beaches and right by the Skyway Bridge. Two airports conveniently located within 30 minutes drive time. This home is just a gem to see so schedule your showing now.

Key facts

• Separate entrance
• Duplex
• 8,594 sq ft lot

Tags

• DUPLEX
• SEPARATE ENTRANCE

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath multifamily listed at $290k.

Deal economics

• At list price, monthly cash flow is $561 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $290k).
• Cap rate 8.9% 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 C — 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 (-0.1%/yr); 308 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals leasing fast (median 5d on market — plan ~1-2 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• At $3,639/mo this rent would consume 60% of the median local household income ($73k/yr) (locally 1386% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k 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

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 13y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: property tax is 2.5% of price; flood insurance adds $66/mo; built in 1949 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $289,900

Questions for the listing agent

1. Built in 1949 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. 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: 1.26% ✓
• Cap rate: 8.89%
• Cash-on-cash: 9.27%
• DSCR: 1.41
• GRM: 6.6

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: -7.5%
• Equity multiple: 0.73×
• Total profit: $-21,693
• Equity at exit: $43,225

10-year hold

• IRR: -2.8%
• Equity multiple: 0.84×
• Total profit: $-13,134
• Equity at exit: $25,065

Cash invested: $81,172 (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 33705

• Rents YoY: -0.1%
• Active inventory: 308
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $3,639 high
• Mortgage (P&I): −$1,520
• Tax from tax record: −$607 /mo · $7,283/yr
• Insurance: −$121
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$764
• Net cashflow: $561

Break-even live

Break-even rent $2,930

Max offer price $289,900

Occupancy floor 80%

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: $72,475
• Closing costs: $8,697
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2950 Pallanza Dr S Saint Petersburg, FL	3.0	3.0	2015	$3,250	$1.61	4d	1	0.31mi
825 32nd Ave S Saint Petersburg, FL	1.0–3.0	1.0–2.5	1518	$3,840	$2.53	2d	17	0.59mi
1900 19th St S Saint Petersburg, FL	4.0	1.0	2148	$2,500	$1.16	24d	1	0.63mi
935 17th Ave S Saint Petersburg, FL	4.0	2.0	2448	$3,195	$1.31	4d	1	0.63mi
2041 Beach Dr SE St Petersburg, FL	3.0	2.5	2900	$9,900	$3.41	21d	1	1.28mi
3353 Coquina Key Dr SE Saint Petersburg, FL	3.0	2.0	2240	$4,800	$2.14	4d	1	1.46mi

Listing history 35 events

1. 2026-03-04
   status Pending
2. 2026-03-03
   listed $289,900 Active
3. 2023-10-09
   soldstatus $485,000
4. 2023-09-26
   soldstatus $485,000 Closed 1245-char remark

   Show marketing remark (1245 chars)

   Motivated Seller is now offering $10,000 in Seller Concessions toward Buyer closing costs with all reasonable offers!!! Completely updated 3 bed, 2 Bath Block Home with a 1 car Carport in South St. Pete with an additional 120sf Bonus Room off the Family Room. This large corner lot has Mature Oaks and landscaping plus an above ground pool for those hot days. The home features updates throughout so this house is move-in ready!! PLUS the Seller's have already obtained a 4-Point inspection and made sure all repairs were completed prior to listing. All plumbing has been replaced with the exception of the meter line. The Roof, Vinyl Floors and above ground pool were all installed in 2019. Garage has been converted to storage and laundry with entrance. Oh did I mention is also has a 1/1 Apartment on it's own meter and separate entrance so you have immediate income potential!! This home is only a block from 362 acre freshwater Lake Maggiore which offers a playground, picnic shelters and a boat ramp. Prime location situated a short distance from Downtown or the Gulf Beaches and right by the Skyway Bridge. Two airports conveniently located within 30 minutes drive time. This home is just a gem to see so schedule your showing now.

5. 2023-08-22
   status Pending 1245-char remark

   Show marketing remark (1245 chars)

   Motivated Seller is now offering $10,000 in Seller Concessions toward Buyer closing costs with all reasonable offers!!! Completely updated 3 bed, 2 Bath Block Home with a 1 car Carport in South St. Pete with an additional 120sf Bonus Room off the Family Room. This large corner lot has Mature Oaks and landscaping plus an above ground pool for those hot days. The home features updates throughout so this house is move-in ready!! PLUS the Seller's have already obtained a 4-Point inspection and made sure all repairs were completed prior to listing. All plumbing has been replaced with the exception of the meter line. The Roof, Vinyl Floors and above ground pool were all installed in 2019. Garage has been converted to storage and laundry with entrance. Oh did I mention is also has a 1/1 Apartment on it's own meter and separate entrance so you have immediate income potential!! This home is only a block from 362 acre freshwater Lake Maggiore which offers a playground, picnic shelters and a boat ramp. Prime location situated a short distance from Downtown or the Gulf Beaches and right by the Skyway Bridge. Two airports conveniently located within 30 minutes drive time. This home is just a gem to see so schedule your showing now.

6. 2023-07-26
   price $495,000 1245-char remark

   Show marketing remark (1245 chars)

   Motivated Seller is now offering $10,000 in Seller Concessions toward Buyer closing costs with all reasonable offers!!! Completely updated 3 bed, 2 Bath Block Home with a 1 car Carport in South St. Pete with an additional 120sf Bonus Room off the Family Room. This large corner lot has Mature Oaks and landscaping plus an above ground pool for those hot days. The home features updates throughout so this house is move-in ready!! PLUS the Seller's have already obtained a 4-Point inspection and made sure all repairs were completed prior to listing. All plumbing has been replaced with the exception of the meter line. The Roof, Vinyl Floors and above ground pool were all installed in 2019. Garage has been converted to storage and laundry with entrance. Oh did I mention is also has a 1/1 Apartment on it's own meter and separate entrance so you have immediate income potential!! This home is only a block from 362 acre freshwater Lake Maggiore which offers a playground, picnic shelters and a boat ramp. Prime location situated a short distance from Downtown or the Gulf Beaches and right by the Skyway Bridge. Two airports conveniently located within 30 minutes drive time. This home is just a gem to see so schedule your showing now.

7. 2023-07-06
   price $500,000 1245-char remark

   Show marketing remark (1245 chars)

   Motivated Seller is now offering $10,000 in Seller Concessions toward Buyer closing costs with all reasonable offers!!! Completely updated 3 bed, 2 Bath Block Home with a 1 car Carport in South St. Pete with an additional 120sf Bonus Room off the Family Room. This large corner lot has Mature Oaks and landscaping plus an above ground pool for those hot days. The home features updates throughout so this house is move-in ready!! PLUS the Seller's have already obtained a 4-Point inspection and made sure all repairs were completed prior to listing. All plumbing has been replaced with the exception of the meter line. The Roof, Vinyl Floors and above ground pool were all installed in 2019. Garage has been converted to storage and laundry with entrance. Oh did I mention is also has a 1/1 Apartment on it's own meter and separate entrance so you have immediate income potential!! This home is only a block from 362 acre freshwater Lake Maggiore which offers a playground, picnic shelters and a boat ramp. Prime location situated a short distance from Downtown or the Gulf Beaches and right by the Skyway Bridge. Two airports conveniently located within 30 minutes drive time. This home is just a gem to see so schedule your showing now.

8. 2023-06-28
   listed $525,000 Active 1245-char remark

   Show marketing remark (1245 chars)

   Motivated Seller is now offering $10,000 in Seller Concessions toward Buyer closing costs with all reasonable offers!!! Completely updated 3 bed, 2 Bath Block Home with a 1 car Carport in South St. Pete with an additional 120sf Bonus Room off the Family Room. This large corner lot has Mature Oaks and landscaping plus an above ground pool for those hot days. The home features updates throughout so this house is move-in ready!! PLUS the Seller's have already obtained a 4-Point inspection and made sure all repairs were completed prior to listing. All plumbing has been replaced with the exception of the meter line. The Roof, Vinyl Floors and above ground pool were all installed in 2019. Garage has been converted to storage and laundry with entrance. Oh did I mention is also has a 1/1 Apartment on it's own meter and separate entrance so you have immediate income potential!! This home is only a block from 362 acre freshwater Lake Maggiore which offers a playground, picnic shelters and a boat ramp. Prime location situated a short distance from Downtown or the Gulf Beaches and right by the Skyway Bridge. Two airports conveniently located within 30 minutes drive time. This home is just a gem to see so schedule your showing now.

9. 2023-05-14
   status Pending
10. 2023-05-10
    price $519,900
11. 2023-04-16
    price $525,000
12. 2023-04-03
    price $530,000
13. 2023-03-19
    price $535,000
14. 2023-02-28
    price $540,000
15. 2023-02-17
    listed $569,999 Active
16. 2019-05-31
    soldstatus $195,000
17. 2019-05-30
    soldstatus $195,000 Sold
18. 2019-04-11
    status Pending
19. 2019-03-15
    price $205,000
20. 2018-12-05
    price $210,000
21. 2018-11-02
    price $219,900
22. 2018-10-26
    price $227,900
23. 2018-09-20
    price $234,900
24. 2018-08-09
    price $239,900
25. 2018-07-31
    status Active
26. 2018-07-20
    historical
27. 2018-07-05
    price $249,900
28. 2018-06-12
    price $259,000
29. 2018-05-23
    status Active
30. 2018-04-18
    status Pending
31. 2018-04-01
    listed $269,900 Active
32. 2013-12-13
    soldstatus $65,000
33. 2013-11-04
    soldstatus $57,000
34. 2013-11-04
    soldstatus $56,000
35. 2013-06-25
    listed $95,000

ⓘ 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: $7,283 · $607/mo
• Projected year-2 tax: $7,283 · $607/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 8/10 Severe FEMA zone X (unshaded) · 97% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 27 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $43,671
• − Mortgage interest: −$16,239
• − Property taxes: −$7,283
• − Insurance: −$2,247
• − Repairs & maintenance: −$3,494
• − Management: −$3,494
• − Depreciation: −$8,433
• Taxable income: $2,481
• Est. tax owed @ 24.0%: −$595
• After-tax cash flow: $6,131/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): 27,939
• Household income: $73,027
• Rent vs Own: 41.5% rent · 58.5% own
• Severe rent burden: 1386.0

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: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: Black 44% White 41% Two or more races 10% Hispanic / Latino 5%
• Hispanic origin (detail): Puerto Rican 1%
• Common ancestry: Lithuanian 2% Italian 1% Slovak 1%
• Foreign-born: 9% · Canada, Dominican Republic
• Languages at home: 92% English-only · Spanish 4% Other Indo-European 1% Russian/Polish/Slavic 1%

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: ▼ -540.28%
• Current HPI: 388.3086
• Rent YoY: ▼ -0.13%
• 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

+205.2% since first listed

35 events — show timeline

• 2026-03-04 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-03 Listed $289,900 Stellar MLS as Distributed by MLS Grid
• 2023-10-09 Sold (Public Records) $485,000 Public Records
• 2023-09-26 Sold (MLS) $485,000 Stellar MLS as Distributed by MLS Grid
• 2023-08-22 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-07-26 Price Changed $495,000 Stellar MLS as Distributed by MLS Grid
• 2023-07-06 Price Changed $500,000 Stellar MLS as Distributed by MLS Grid
• 2023-06-28 Listed $525,000 Stellar MLS as Distributed by MLS Grid
• 2023-05-14 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-05-10 Price Changed $519,900 Stellar MLS as Distributed by MLS Grid
• 2023-04-16 Price Changed $525,000 Stellar MLS as Distributed by MLS Grid
• 2023-04-03 Price Changed $530,000 Stellar MLS as Distributed by MLS Grid
• 2023-03-19 Price Changed $535,000 Stellar MLS as Distributed by MLS Grid
• 2023-02-28 Price Changed $540,000 Stellar MLS as Distributed by MLS Grid
• 2023-02-17 Listed $569,999 Stellar MLS as Distributed by MLS Grid
• 2019-05-31 Sold (Public Records) $195,000 Public Records
• 2019-05-30 Sold (MLS) $195,000 Stellar MLS as Distributed by MLS Grid
• 2019-04-11 Pending — Stellar MLS as Distributed by MLS Grid
• 2019-03-15 Price Changed $205,000 Stellar MLS as Distributed by MLS Grid
• 2018-12-05 Price Changed $210,000 Stellar MLS as Distributed by MLS Grid
• 2018-11-02 Price Changed $219,900 Stellar MLS as Distributed by MLS Grid
• 2018-10-26 Price Changed $227,900 Stellar MLS as Distributed by MLS Grid
• 2018-09-20 Price Changed $234,900 Stellar MLS as Distributed by MLS Grid
• 2018-08-09 Price Changed $239,900 Stellar MLS as Distributed by MLS Grid
• 2018-07-31 Relisted — Stellar MLS as Distributed by MLS Grid
• 2018-07-20 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2018-07-05 Price Changed $249,900 Stellar MLS as Distributed by MLS Grid
• 2018-06-12 Price Changed $259,000 Stellar MLS as Distributed by MLS Grid
• 2018-05-23 Relisted — Stellar MLS as Distributed by MLS Grid
• 2018-04-18 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-04-01 Listed $269,900 Stellar MLS as Distributed by MLS Grid
• 2013-12-13 Sold (Public Records) $65,000 Public Records
• 2013-11-04 Sold (Public Records) $56,000 Public Records
• 2013-11-04 Sold (MLS) $57,000 Stellar MLS as Distributed by MLS Grid
• 2013-06-25 Listed $95,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+9.3%/yr

Latest (2025): $7,283 · +5.4% YoY. Source: county tax records.