1827 Montana Ave NE · St. Petersburg, FL 33703

$390,000

4 bd · 2.0 ba · 1,530 sqft · SingleFamily public records · 93 Days on market

Built 1969 4,844 sqft lot Est $454k · 14% under

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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 +19.4/30.0
• ARV discount +13.9/15.0
• DSCR +6.1/10.0
• 1% rule +5.2/10.0
• Schools +4.3/10.0
• Rent growth +3.1/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Exceptional Location – Prime Opportunity Near Downtown St. Pete! This 3-bedroom, 2-bath, 1,530 sq ft home offers a rare chance to create your dream property in one of St. Pete’s most sought-after neighborhoods. Owned by the same family since 1976, this residence sits on a 4,884 sq ft lot and is surrounded by everything that makes this area so desirable: the St. Pete Golf Community, Marina, the iconic Vinoy Hotel, multiple parks, world-class beaches, vibrant dining, and the renowned Dali Museum — all just minutes away. The home experienced flooding from a recent hurricane and is being sold as-is, presenting an incredible opportunity for renovation or rebuild in a high-demand area with strong rental potential. Whether you’re an investor, builder, or future homeowner with a vision, this property is a blank canvas in a location that’s hard to beat. Don’t miss the chance to secure your spot in this thriving, high-value market — schedule a showing today and bring your ideas to life

Key facts

• Move-in ready
• Large backyard
• Conveniently located

Tags

• LARGE BACKYARD
• CONVENIENTLY LOCATED
• MOVE-IN READY
• DESIRABLE AREA

Property features AI

Finance

• Other: Unfurnished; Living area approximately 1,530 square feet; Total rooms: 8
• HOA & community: No pets allowed; No secondary association indicated

Exterior

• Utilities: Public water; Public sewer; Public utilities
• Home design: Single family residence; Residential property; One story; Faces northeast; Completed condition
• Construction: Block construction; Block foundation; Shingle roof; Built on a 0.11-acre lot
• Exterior features: Sidewalk; Asphalt road access

Interior

• Kitchen: Convection oven; Microwave; Refrigerator
• Bedrooms: 4 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: No heating specified; Central air conditioning
• Interior features: Attic ventilator; Open floor plan
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $390k.

Deal economics

• At list price, monthly cash flow is $8 ($94/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $390k).
• Recommended offer: $355k (9.0% below list) — sets the bar for market timing.
• Cap rate 7.6% 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 rising (+2.2%/yr); 457 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals leasing fast (median 6d 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).
• At $3,961/mo this rent would consume 50% of the median local household income ($95k/yr) (locally 509% 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 $3k of loan paydown is wiped out by about $12k 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 93 days — a 9% lower offer ($355k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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 $195k; list at $390k implies a 100% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→29/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $354,900 (9.0% below list)

Questions for the listing agent

1. It's been on market 93 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1969 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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 for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.02% ✓
• Cap rate: 7.63%
• Cash-on-cash: 4.77%
• DSCR: 1.21
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $454,410
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1899 Shore Acres Blvd NE	0.10mi	3/2.0 (-1)	1,560 (+2%)	0mo	$575,000	$369	87
4320 Huntington St NE	0.47mi	3/2.0 (-1)	1,600 (+5%)	3mo	$475,000	$297	63
5611 Venetian Blvd NE	0.48mi	4/2.0	1,671 (+9%)	1mo	$535,000	$320	61
5116 Venetian Blvd NE	0.32mi	3/2.0 (-1)	1,703 (+11%)	4mo	$420,000	$247	58
6000 19th St NE	0.75mi	3/2.0 (-1)	1,556 (+2%)	2mo	$525,000	$337	56
1524 Carson Cir NE	0.51mi	3/2.0 (-1)	1,439 (-6%)	8mo	$300,000	$208	55
4111 Helena St NE	0.61mi	3/2.0 (-1)	1,476 (-4%)	8mo	$565,000	$383	54
3934 Huntington St NE	0.74mi	3/2.0 (-1)	1,630 (+6%)	2mo	$255,500	$157	48
1735 Connecticut Ave NE	0.62mi	3/2.0 (-1)	1,679 (+10%)	4mo	$440,000	$262	47
6001 19th St NE	0.73mi	3/2.0 (-1)	1,432 (-6%)	4mo	$529,000	$369	47
1760 Georgia Ave NE	0.49mi	3/3.0 (-1)	1,700 (+11%)	5mo	$330,000	$194	46
3946 Helena St NE	0.72mi	3/2.0 (-1)	1,320 (-14%)	1mo	$185,000	$140	38

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 · 2.21% rent growth · sell at horizon

5-year hold

• IRR: -17.1%
• Equity multiple: 0.40×
• Total profit: $-65,501
• Equity at exit: $58,150

10-year hold

• IRR: -10.6%
• Equity multiple: 0.38×
• Total profit: $-67,707
• Equity at exit: $33,720

Cash invested: $109,200 (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 33703

• Rents YoY: 2.2%
• Active inventory: 457
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $3,961 high
• Mortgage (P&I): −$2,045
• Tax est. 1.5%: −$488 /mo · $5,850/yr
• Insurance: −$162
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$832
• Net cashflow: $8

Break-even live

Break-even rent $3,952

Max offer price $390,000

Occupancy floor 95%

Sensitivity live

Price	-10% $277	-5% $143	+0% $8	+5% $-127	+10% $-262
Rent	-10% $-305	-5% $-149	+0% $8	+5% $164	+10% $321
Rate	-1.0pp $204	-0.5pp $107	base $8	+0.5pp $-93	+1.0pp $-196

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: $97,500
• Closing costs: $11,700
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5541 Bayou Grande Blvd NE Saint Petersburg, FL	3.0	2.0	1532	$5,000	$3.26	5d	1	0.39mi
5541 Bayou Grande Blvd NE Saint Petersburg, FL	3.0	2.0	1532	$5,000	$3.26	3d	1	0.39mi
1739 Bayou Grande Blvd NE St Petersburg, FL	3.0	2.0	1658	$5,500	$3.32	5d	1	0.41mi
5510 Bayou Grande Blvd NE Saint Petersburg, FL	3.0	2.0	1232	$2,750	$2.23	18d	1	0.43mi
5840 Tanglewood Dr NE Saint Petersburg, FL	4.0	3.0	1680	$3,150	$1.88	5d	1	0.65mi
4036 Overlook Dr NE Saint Petersburg, FL	3.0	2.0	1412	$2,645	$1.87	15d	1	0.68mi
4026 Indianapolis St NE Saint Petersburg, FL	3.0	2.0	1364	$3,200	$2.35	5d	1	0.69mi
5923 19th St NE Saint Petersburg, FL	3.0	2.0	1336	$3,500	$2.62	5d	1	0.69mi
6060 Denver St NE Saint Petersburg, FL	3.0	2.0	1523	$3,950	$2.59	5d	1	0.72mi
6016 18th St NE Saint Petersburg, FL	4.0	2.0	1692	$3,900	$2.30	5d	1	0.78mi
3901 Helena St NE Saint Petersburg, FL	3.0	2.0	1195	$2,590	$2.17	15d	1	0.79mi
1524 Arizona Ave NE Saint Petersburg, FL	3.0	2.0	1092	$2,800	$2.56	5d	1	0.89mi
3727 Overlook Dr NE Saint Petersburg, FL	3.0	2.0	1124	$2,750	$2.45	25d	1	0.91mi
3435 Overlook Dr NE Saint Petersburg, FL	3.0	2.5	1428	$3,800	$2.66	5d	1	1.06mi
1640 Cape Hope Ave NE #4 Saint Petersburg, FL	4.0	3.0	1610	$3,400	$2.11	25d	1	1.15mi
1515 Eden Isle Blvd NE Saint Petersburg, FL	1.0–3.0	1.0–2.0	918	$2,919	$3.18	4d	26	1.15mi
1325 Snell Isle Blvd NE #507 Saint Petersburg, FL	3.0	3.0	1940	$6,700	$3.45	5d	1	1.30mi
742 45th Ave NE Saint Petersburg, FL	3.0	3.0	1900	$5,200	$2.74	5d	1	1.44mi
525 Moreno Cir NE Saint Petersburg, FL	3.0	2.0	1587	$3,500	$2.21	16d	1	1.49mi

Listing history 19 events

1. 2026-06-18
   days on market $390,000 Active 93 DOM
2. 2026-06-17
   days on market $390,000 Active 92 DOM
3. 2026-06-16
   days on market $390,000 Active 91 DOM
4. 2026-06-15
   days on market $390,000 Active 90 DOM
5. 2026-06-13
   days on market $390,000 Active 88 DOM
6. 2026-06-09
   days on market $390,000 Active 84 DOM
7. 2026-06-08
   days on market $390,000 Active 83 DOM
8. 2026-06-07
   days on market $390,000 Active 82 DOM
9. 2026-06-04
   days on market $390,000 Active 79 DOM
10. 2026-06-03
    days on market $390,000 Active 78 DOM
11. 2026-06-01
    days on market $390,000 Active 76 DOM
12. 2026-05-31
    days on market $390,000 Active 75 DOM
13. 2026-03-17
    listed $390,000 Active
14. 2025-11-10
    soldstatus $195,000 Closed 1034-char remark

    Show marketing remark (1034 chars)

    Exceptional Location – Prime Opportunity Near Downtown St. Pete! This 3-bedroom, 2-bath, 1,530 sq ft home offers a rare chance to create your dream property in one of St. Pete’s most sought-after neighborhoods. Owned by the same family since 1976, this residence sits on a 4,884 sq ft lot and is surrounded by everything that makes this area so desirable: the St. Pete Golf Community, Marina, the iconic Vinoy Hotel, multiple parks, world-class beaches, vibrant dining, and the renowned Dali Museum — all just minutes away. The home experienced flooding from a recent hurricane and is being sold as-is, presenting an incredible opportunity for renovation or rebuild in a high-demand area with strong rental potential. Whether you’re an investor, builder, or future homeowner with a vision, this property is a blank canvas in a location that’s hard to beat. Don’t miss the chance to secure your spot in this thriving, high-value market — schedule a showing today and bring your ideas to life

15. 2025-10-25
    status Pending 1034-char remark

    Show marketing remark (1034 chars)

    Exceptional Location – Prime Opportunity Near Downtown St. Pete! This 3-bedroom, 2-bath, 1,530 sq ft home offers a rare chance to create your dream property in one of St. Pete’s most sought-after neighborhoods. Owned by the same family since 1976, this residence sits on a 4,884 sq ft lot and is surrounded by everything that makes this area so desirable: the St. Pete Golf Community, Marina, the iconic Vinoy Hotel, multiple parks, world-class beaches, vibrant dining, and the renowned Dali Museum — all just minutes away. The home experienced flooding from a recent hurricane and is being sold as-is, presenting an incredible opportunity for renovation or rebuild in a high-demand area with strong rental potential. Whether you’re an investor, builder, or future homeowner with a vision, this property is a blank canvas in a location that’s hard to beat. Don’t miss the chance to secure your spot in this thriving, high-value market — schedule a showing today and bring your ideas to life

16. 2025-10-10
    status Active 1034-char remark

    Show marketing remark (1034 chars)

    Exceptional Location – Prime Opportunity Near Downtown St. Pete! This 3-bedroom, 2-bath, 1,530 sq ft home offers a rare chance to create your dream property in one of St. Pete’s most sought-after neighborhoods. Owned by the same family since 1976, this residence sits on a 4,884 sq ft lot and is surrounded by everything that makes this area so desirable: the St. Pete Golf Community, Marina, the iconic Vinoy Hotel, multiple parks, world-class beaches, vibrant dining, and the renowned Dali Museum — all just minutes away. The home experienced flooding from a recent hurricane and is being sold as-is, presenting an incredible opportunity for renovation or rebuild in a high-demand area with strong rental potential. Whether you’re an investor, builder, or future homeowner with a vision, this property is a blank canvas in a location that’s hard to beat. Don’t miss the chance to secure your spot in this thriving, high-value market — schedule a showing today and bring your ideas to life

17. 2025-10-01
    status Pending 1034-char remark

    Show marketing remark (1034 chars)

    Exceptional Location – Prime Opportunity Near Downtown St. Pete! This 3-bedroom, 2-bath, 1,530 sq ft home offers a rare chance to create your dream property in one of St. Pete’s most sought-after neighborhoods. Owned by the same family since 1976, this residence sits on a 4,884 sq ft lot and is surrounded by everything that makes this area so desirable: the St. Pete Golf Community, Marina, the iconic Vinoy Hotel, multiple parks, world-class beaches, vibrant dining, and the renowned Dali Museum — all just minutes away. The home experienced flooding from a recent hurricane and is being sold as-is, presenting an incredible opportunity for renovation or rebuild in a high-demand area with strong rental potential. Whether you’re an investor, builder, or future homeowner with a vision, this property is a blank canvas in a location that’s hard to beat. Don’t miss the chance to secure your spot in this thriving, high-value market — schedule a showing today and bring your ideas to life

18. 2025-08-17
    listed $205,000 Active 1034-char remark

    Show marketing remark (1034 chars)

    Exceptional Location – Prime Opportunity Near Downtown St. Pete! This 3-bedroom, 2-bath, 1,530 sq ft home offers a rare chance to create your dream property in one of St. Pete’s most sought-after neighborhoods. Owned by the same family since 1976, this residence sits on a 4,884 sq ft lot and is surrounded by everything that makes this area so desirable: the St. Pete Golf Community, Marina, the iconic Vinoy Hotel, multiple parks, world-class beaches, vibrant dining, and the renowned Dali Museum — all just minutes away. The home experienced flooding from a recent hurricane and is being sold as-is, presenting an incredible opportunity for renovation or rebuild in a high-demand area with strong rental potential. Whether you’re an investor, builder, or future homeowner with a vision, this property is a blank canvas in a location that’s hard to beat. Don’t miss the chance to secure your spot in this thriving, high-value market — schedule a showing today and bring your ideas to life

19. 1983-02-01
    soldstatus $20,200

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

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 29 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: $47,538
• − Mortgage interest: −$21,846
• − Property taxes: −$5,850
• − Insurance: −$7,069
• − Repairs & maintenance: −$3,803
• − Management: −$3,803
• − Depreciation: −$11,345
• Taxable loss: −$6,178
• Est. tax savings @ 24.0%: +$1,483
• After-tax cash flow: $1,577/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): 25,264
• Household income: $95,224
• Rent vs Own: 19.1% rent · 80.9% own
• Severe rent burden: 509.0

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 (76%)
• Race & ethnicity: White 76% Hispanic / Latino 10% Two or more races 10% Black 5% Asian 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 2%
• Common ancestry: Lithuanian 4% Romanian 3% Italian 2%
• Foreign-born: 9% · Canada, Vietnam
• Languages at home: 87% English-only · Spanish 6% Russian/Polish/Slavic 2% Other Indo-European 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: ▼ -617.95%
• Current HPI: 352.2886
• Rent YoY: ▲ 2.21%
• 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

+1830.7% since first listed

7 events — show timeline

• 2026-03-17 Listed $390,000 Stellar MLS as Distributed by MLS Grid
• 2025-11-10 Sold (MLS) $195,000 Stellar MLS as Distributed by MLS Grid
• 2025-10-25 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-10-10 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-10-01 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-08-17 Listed $205,000 Stellar MLS as Distributed by MLS Grid
• 1983-02-01 Sold (Public Records) $20,200 Public Records

Property tax history

-10.0%/yr

Latest (2025): $505 · -31.1% YoY. Source: county tax records.