$625K
1835 16th Street
St Petersburg, FL 33705
Listing updated: April 2, 2026 at 7:52 AM ET
Property type
Year built
Building size
Lot size
Price / SF
Units
Day on market
Investment & cash flow
Income includes: Rent Only
Figures provided by the listing broker — verify independently.
About this property
A stabilized PadSplit co-living property in St. Petersburg's 33705 corridor, producing $65,000 to $85,000 in gross annual revenue with an identifiable path to more. The structure operates as six private rooms, each with its own bathroom and keypad-entry door, sharing a renovated common kitchen and dining area outfitted with white shaker cabinets, stainless steel appliances, and a full washer and dryer. LVP flooring runs throughout, crown molding gives each common space a finished feel, and a covered front porch signals the kind of curb appeal that holds quality tenants. Step inside and the hallway tells the story quickly: numbered doors, smart locks, and a consistent finish level from front to back that keeps turnover low and occupancy high. Currently five of six rooms are filled at $280 per week, with flexible lease terms ranging from two months to two years and weekly rent collection built into the PadSplit platform. Full occupancy — the historical norm — puts gross revenue north of $87,000 annually. The common living room, which tenants rarely use, is the upside. Converting that space to a seventh bedroom adds approximately $14,500 in additional annual gross revenue while preserving the kitchen, dining area, and laundry. The bones are already there; it is a straightforward conversion with meaningful return. Positioned minutes from downtown St. Petersburg, the St. Pete Pier, Bayfront Health, and I-275 access to Tampa, this address draws working adults who need flexible lease terms and a connected location. Demand in this corridor is consistent, the PadSplit model keeps collections systematic, and the property transfers in stabilized, turnkey condition.
Virtual tour
Facts & features
- Property type
- Commercial Sale
- Sub type
- Multi-Family 5+
- Status
- Active
- Days on market
- 1
- Subdivision
- Fruitland Heights
- County
- Pinellas
- Year built
- 2023
- Building area
- 2,304 sq ft
- Price/sq ft
- $271.27
- Lot size
- 5,789 sq ft
- Units
- 6
- Buildings
- 1
- Stories
- 1
- Road frontage
- City Street
- Annual taxes
- $9K (2025)
- Parcel #
- 25-31-16-29664-005-0230
- MLS #
- TB8493145
Utilities
- Utilities
- BB/HS Internet Capable, Electricity Available, Public, Water Connected
- Water source
- Public
- Sewer
- Public Sewer
Listing details
- Listing date
- 2026-04-01
- On market date
- 2026-04-01
- MLS area
- 33705 - St Pete
- Status changed
- 2026-04-02
- Tax legal description
- FRUITLAND HEIGHTS BLK E, LOT 23
Location
Directions
Head south toward I-275 S. Merge onto I-275 S. Continue straight to stay on I-275 S. Take exit 21 for 28th St S. Turn left onto 28th St S. Turn left onto 18th Ave S. Turn right onto 16th St S. Destination will be on the right
Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of April 2, 2026 at 7:52 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Ryan Solberg, Licensed Real Estate Broker · MaxLife Realty, LLC · FL Lic. #BK3354351 · Equal Housing Opportunity · Terms · DMCA