1033 19th Ave S · St. Petersburg, FL 33705

$649,999

8 bd · 4.0 ba · 2,892 sqft · MultiFamily public records · 50 Days on market

Built 1925 6,434 sqft lot Est $735k · 12% under

---

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 +21.8/30.0
• ARV discount +12.7/15.0
• DSCR +6.9/10.0
• 1% rule +5.2/10.0
• 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: 4 units. confirmed

Listing remarks MLS

Property has 4 apartments two upstairs and two downstairs all identical. new roof. Units have been updated. Building exterior recently painted.

Key facts

• Ample parking
• Updated interiors
• Fully fenced yard

Tags

• UPDATED INTERIORS
• FRESHLY PAINTED EXTERIOR
• AMPLE PARKING
• FULLY FENCED YARD
• QUIET RESIDENTIAL NEIGHBORHOOD
• QUICK ACCESS TO I-275

Property features AI

Finance

• Financial info: Annual net income reported as $64,800; Pro forma rents by unit type: three units at $1,400 and one unit at $1,200
• HOA & community: No association

Exterior

• Utilities: Public water; Public sewer; Electricity connected
• Home design: Residential income property (quadruplex); Single building containing 4 units; Lot approximately 0.15 acres (50 x 127)
• Construction: Brick construction; Shingle roof; Crawlspace foundation; Building area about 2,892 sq ft
• Exterior features: Fenced yard; Exterior lighting; Private mailbox; Sidewalk

Interior

• Kitchen: Each unit includes basic kitchen (pro forma rents listed per unit type)
• Bedrooms: Total of 8 bedrooms
• Bathrooms: Four 1-bath units (each unit has 1 bathroom)
• Heating & cooling: Ductless heating; Wall/window air conditioning units
• Interior features: Ceiling fans throughout
• Laundry & utility: No laundry room on site

What this means for you Summary

Snapshot

• This is a 4 × 2-bed/1-bath units multifamily listed at $650k.

Deal economics

• At list price, monthly cash flow is $1k ($12k/yr) — positive. Per door: $251/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($7k rent vs $650k).
• Recommended offer: $630k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.1% 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; 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• At $6,624/mo this rent would consume 109% 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 $4k of loan paydown is wiped out by about $20k 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 50 days — a 3% lower offer ($630k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 20y 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.
• Current owner paid $250k; list at $650k implies a 161% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.
• 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 $630,499 (3.0% below list)

Questions for the listing agent

1. It's been on market 50 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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.
7. 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.
8. 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: 1.02% ✓
• Cap rate: 8.15%
• Cash-on-cash: 6.63%
• DSCR: 1.29
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $734,568
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1130 22nd Ave S	0.25mi	8/6.0	3,072 (+6%)	11mo	$490,000	$160	61
999 DR Martin Luther King JR St S	0.66mi	8/4.0	2,830 (-2%)	20mo	$627,000	$222	49
1799 Russell St S	0.59mi	8/4.0	2,500 (-14%)	10mo	$635,000	$254	42
1771 Russell St S	0.59mi	8/4.0	2,500 (-14%)	10mo	$635,000	$254	42

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -9.4%
• Equity multiple: 0.67×
• Total profit: $-60,775
• Equity at exit: $96,917

10-year hold

• IRR: -4.4%
• Equity multiple: 0.75×
• Total profit: $-45,750
• Equity at exit: $56,200

Cash invested: $182,000 (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: 32.7×

Monthly cashflow live

• Estimated rent: $6,624 high
• Mortgage (P&I): −$3,409
• Tax from tax record: −$548 /mo · $6,578/yr
• Insurance: −$271
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,391
• Net cashflow: $1,005

Break-even live

Break-even rent $5,351

Max offer price $649,999

Occupancy floor 80%

Sensitivity live

Price	-10% $1,373	-5% $1,189	+0% $1,005	+5% $821	+10% $637
Rent	-10% $482	-5% $744	+0% $1,005	+5% $1,267	+10% $1,529
Rate	-1.0pp $1,333	-0.5pp $1,171	base $1,005	+0.5pp $837	+1.0pp $666

4-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 4× units	2	1	$6,624
Total (4 units)			$6,624

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: $162,500
• Closing costs: $19,500
• Reserves months: —
• Total cash needed: —

Listing history 33 events

1. 2026-06-18
   days on market $649,999 Active 50 DOM
2. 2026-06-17
   days on market $649,999 Active 49 DOM
3. 2026-06-16
   days on market $649,999 Active 48 DOM
4. 2026-06-15
   days on market $649,999 Active 47 DOM
5. 2026-06-13
   days on market $649,999 Active 45 DOM
6. 2026-06-09
   days on market $649,999 Active 41 DOM
7. 2026-06-08
   days on market $649,999 Active 40 DOM
8. 2026-06-07
   days on market $649,999 Active 39 DOM
9. 2026-06-04
   days on market $649,999 Active 36 DOM
10. 2026-06-03
    days on market $649,999 Active 35 DOM
11. 2026-06-02
    price $649,999 Active 33 DOM
12. 2026-06-01
    days on market $675,000 Active 33 DOM
13. 2026-05-31
    days on market $675,000 Active 32 DOM
14. 2026-04-29
    listed $675,000 Active
15. 2019-02-07
    soldstatus $249,500
16. 2019-02-01
    soldstatus $249,500 Sold 143-char remark

    Show marketing remark (143 chars)

    Property has 4 apartments two upstairs and two downstairs all identical. new roof. Units have been updated. Building exterior recently painted.

17. 2018-12-18
    status Pending 143-char remark

    Show marketing remark (143 chars)

    Property has 4 apartments two upstairs and two downstairs all identical. new roof. Units have been updated. Building exterior recently painted.

18. 2018-12-07
    price $245,000 143-char remark

    Show marketing remark (143 chars)

    Property has 4 apartments two upstairs and two downstairs all identical. new roof. Units have been updated. Building exterior recently painted.

19. 2018-11-24
    price $255,000 143-char remark

    Show marketing remark (143 chars)

    Property has 4 apartments two upstairs and two downstairs all identical. new roof. Units have been updated. Building exterior recently painted.

20. 2018-10-16
    listed $265,000 Active 143-char remark

    Show marketing remark (143 chars)

    Property has 4 apartments two upstairs and two downstairs all identical. new roof. Units have been updated. Building exterior recently painted.

21. 2014-03-29
    historical 110-char remark

    Show marketing remark (110 chars)

    Short Sale third party approval required. Four two-bedroom and one bath units. Fixer-upper with ample parking.

22. 2014-03-24
    soldstatus $57,000
23. 2014-03-21
    soldstatus $57,000 Sold 110-char remark

    Show marketing remark (110 chars)

    Short Sale third party approval required. Four two-bedroom and one bath units. Fixer-upper with ample parking.

24. 2012-11-28
    listed $59,900 110-char remark

    Show marketing remark (110 chars)

    Short Sale third party approval required. Four two-bedroom and one bath units. Fixer-upper with ample parking.

25. 2008-04-04
    listed $359,000
26. 2007-09-17
    listed $359,000
27. 2007-09-17
    listed $359,000
28. 2007-04-12
    soldstatus $220,000
29. 2007-01-05
    listed $235,000
30. 2006-06-07
    listed $239,000
31. 2005-07-28
    soldstatus $225,000
32. 2005-07-16
    soldstatus $131,000
33. 2005-06-22
    soldstatus $165,000

ⓘ 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: $6,578 · $548/mo
• Projected year-2 tax: $6,578 · $548/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 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $79,488
• − Mortgage interest: −$36,410
• − Property taxes: −$6,578
• − Insurance: −$3,250
• − Repairs & maintenance: −$6,359
• − Management: −$6,359
• − Depreciation: −$18,909
• Taxable income: $1,623
• Est. tax owed @ 24.0%: −$389
• After-tax cash flow: $11,674/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

+309.1% since first listed

20 events — show timeline

• 2026-04-29 Listed $675,000 Stellar MLS as Distributed by MLS Grid
• 2019-02-07 Sold (Public Records) $249,500 Public Records
• 2019-02-01 Sold (MLS) $249,500 Stellar MLS as Distributed by MLS Grid
• 2018-12-18 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-12-07 Price Changed $245,000 Stellar MLS as Distributed by MLS Grid
• 2018-11-24 Price Changed $255,000 Stellar MLS as Distributed by MLS Grid
• 2018-10-16 Listed $265,000 Stellar MLS as Distributed by MLS Grid
• 2014-03-29 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2014-03-24 Sold (Public Records) $57,000 Public Records
• 2014-03-21 Sold (MLS) $57,000 Stellar MLS as Distributed by MLS Grid
• 2012-11-28 Listed $59,900 Stellar MLS as Distributed by MLS Grid
• 2008-04-04 Listed $359,000 Stellar MLS as Distributed by MLS Grid
• 2007-09-17 Listed $359,000 Stellar MLS as Distributed by MLS Grid
• 2007-09-17 Listed $359,000 Stellar MLS as Distributed by MLS Grid
• 2007-04-12 Sold (Public Records) $220,000 Public Records
• 2007-01-05 Listed $235,000 Stellar MLS as Distributed by MLS Grid
• 2006-06-07 Listed $239,000 Stellar MLS as Distributed by MLS Grid
• 2005-07-28 Sold (Public Records) $225,000 Public Records
• 2005-07-16 Sold (Public Records) $131,000 Public Records
• 2005-06-22 Sold (Public Records) $165,000 Public Records

Property tax history

+15.7%/yr

Latest (2025): $6,578 · +11.1% YoY. Source: county tax records.