$625,000
1835 16th Street S Saint Petersburg, FL 33705
For Sale MLS# TB8493145
Other
Details for 1835 16th Street S
MLS# TB8493145
Description for 1835 16th Street S, Saint Petersburg, FL, 33705
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.
Listing Information
Property Type: Commercial Sale
Status: Active
Lot Size: 0.13 Acres
Square Feet: 2,112 sq ft
Year Built: 2023
Stories: 1 Story
Construction: Block
Subdivision: Fruitland Heights
Foundation: Slab
Number Of Units Total: 6
County: Pinellas
Interior Features
Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Electricity Available,High Speed Internet Available,Municipal Utilities,Water Connected
Cooling: Central Air
Heating: Central
Exterior / Lot Features
Roof: Shingle
Lot Dimensions: 51x114
Driving 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
Financial Considerations
Terms: Cash
Gross Income: 64800
Tax/Property ID: 25-31-16-29664-005-0230
Tax Amount: 9162.19
Tax Year: 2025
A broker reciprocity listing courtesy: KELLER WILLIAMS GULF BEACHES
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Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 1835 16th Street S
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 1835 16th Street S
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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