3353 4th Avenue SNew Construction Home in St Petersburg, FL

Who is building this home?

This home is listed as built by Landcap Construction LLC. Builder quality, warranty responsiveness, and willingness to fix punch-list items vary enormously between companies in Tampa Bay.

About this home

BRAND NEW CONSTRUCTION, FULLY LEASED, WITH AN OWNER-USER OPTION. Built in 2025, this concrete block corner property at 34th St S (US 19) and 4th Ave S offers 3 residences on one fee simple parcel: two 3BR/2.5BA townhomes (3365 and 3367 4th Ave S) and a detached 4BR/2.5BA single family home (3353 4th Ave S). Above each residence's garage is a separately leased Garage Suite with a private exterior entry, full bath, laundry and its own HVAC, producing 6 income streams and $182,892 of scheduled annual rent at 100% occupancy. LIVE IN ONE, LEASE THE REST: the 4BR detached home lease expires 12/31/2026, so an owner-occupant can move in and keep 5 income streams (about $139,000 per year) in place, and the 3 living units of record fit 2-4 unit residential financing. Investors and 1031 exchange buyers step into first generation roofs, HVAC, water heaters, appliances and finishes with no capital plan: quartz counters, shaker cabinetry, stainless appliances, luxury vinyl plank flooring, marble-look porcelain baths and dark matte fixtures. Leases are staggered into 2027 with 3 market rate and 3 housing authority assisted leases, and every lease carries a utility allowance that offsets owner-paid electric and water. In-place rents sit below new construction comparables nearby, leaving upside at renewal. Flood Zone X and non-evacuation zone, CCS-1 corridor zoning with mixed use optionality, 3 garages plus a paved rear parking court off the alley, and no HOA. Less than half a mile to Central Avenue, the Grand Central District and the SunRunner rapid transit line, with quick access to the Warehouse Arts District, Downtown St. Petersburg, the Tropicana Field / Historic Gas Plant redevelopment and the Gulf beaches. Greystar's 325-unit The Henry is delivering 3 blocks north. The nearly identical adjacent parcel is available from a separate owner by separate negotiation. County records 3 living units; buyer to verify the permitting and use status of the Garage Suites. Showings by appointment only with 48 hours notice; please do not disturb tenants.

Home details and costs

MLS number

O6454497

Property type

Triplex

Build stage

Move-In Ready

Builder

Landcap Construction LLC

Heated square feet

5,690 sq ft

Total under roof

6,926 sq ft

Stories

2 Story

Lot size

0.20 acres

Subdivision

Roosevelt Park Add

HOA fee

No HOA

Annual property tax

$21,875 (current assessment)

Days on market

1 days

What would this home actually cost per month?

Pre-filled with this listing's price and HOA. Adjust anything to match your situation.

Principal and interest

$10,951

Property tax (estimated)

$2,813

Homeowners insurance

$267

PMI (under 20% down)

$722

Estimates only. Actual taxes, insurance, and assessments vary by address and change year to year.

What is negotiable on this home?

Here is what this listing's numbers say about the builder's position.

• On the market 1 daysContext

  Still relatively fresh. Expect the sales office to hold firmer here than on inventory that has been sitting.

• Finished and standingWorth knowing

  A completed home with a Certificate of Occupancy is inventory, not a future sale. Builders treat standing inventory very differently from a lot they have not broken ground on.

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