- CENTURY 21 Real Estate
- Florida
- Saint Petersburg
- 3103 16th Street N
3103 16th Street N, Saint Petersburg, FL 33704
Local realty services provided by:CENTURY 21 Circle
Listed by: josh neighoff
Office: exp realty llc.
MLS#:TB8449162
Source:MFRMLS
Price summary
- Price:$1,199,000
- Price per sq. ft.:$447.39
About this home
Introducing Blue Pelican, a brand-new commercial-quality quadplex rebuilt from the studs up. Only portions of the exterior framing and slab remain—every other major component is new, including the electrical system and panels, plumbing, roof, HVAC, siding, impact-rated windows and doors, driveway, insulation, drywall, upscale kitchens and bathrooms, and all interior finishes. The property also features a commercial fire sprinkler system and a commercial fire alarm system, offering insurance advantages, enhanced safety, and long-term durability rarely found in small multifamily assets.
The building lives more like a newly constructed boutique apartment building than a traditional four-unit. Each residence has been fully redesigned with modern layouts and high-end finishes, and one of the units is fully ADA compliant with an exterior wheelchair-accessible ramp. Additional upgrades such as designated bicycle parking and thoughtful site enhancements help ensure low-maintenance ownership for years to come.
The owners are currently replicating this project with the mirror-image property next door at 3101 16th St N, which will be completed as “Green Pelican” and will match Blue Pelican in layout, quality, and commercial-grade upgrades, with the only difference being a Seafoam Green exterior. Once completed, this will enhance the overall appeal and value of Blue Pelican, and a future purchaser will have the opportunity to acquire both properties for a cohesive and highly attractive 8-unit investment.
Fully leased the property will deliver a total monthly rental income of $8,825 plus an additional $200/month in reimbursement for water and trash, bringing the annual gross income to approximately $108,300. All units are separately metered for electric, creating an efficient and predictable utility structure.
Given the complete redevelopment and commercial-grade systems, future capital expenditure needs are minimal. Based on typical operating metrics for a brand-new, impact-rated multifamily building in Florida, the projected NOI supports a strong cap rate at list price. With rental upside over time, the pro forma performance trends even stronger.
Blue Pelican presents a rare opportunity to acquire a true turnkey, fully rebuilt income-producing asset with commercial-level construction quality, modern design, and stabilized rent roll—all in a growing, high-demand market near downtown St Pete and right around the corner from Crescent Lake.
Contact an agent
Home facts
- Year built:1985
- Listing ID #:TB8449162
- Added:72 day(s) ago
- Updated:January 31, 2026 at 05:50 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Living area:2,680 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
Structure and exterior
- Roof:Shingle
- Year built:1985
- Building area:2,680 sq. ft.
- Lot area:0.19 Acres
Schools
- High school:St. Petersburg High-PN
- Middle school:Meadowlawn Middle-PN
- Elementary school:John M Sexton Elementary-PN
Utilities
- Water:Public, Water - Multiple Meters, Water Connected
- Sewer:Public, Public Sewer, Sewer Connected
Finances and disclosures
- Price:$1,199,000
- Price per sq. ft.:$447.39
- Tax amount:$9,172 (2024)
New listings near 3103 16th Street N
- New
$1,315,000Active2 beds 3 baths1,311 sq. ft.400 Central Ave #1804, ST PETERSBURG, FL 33701
MLS# TB8471096Listed by: ROOPANI DEVELOPMENT CORP. - New
$199,000Active0.17 Acres6611 Kingswood Drive N, ST PETERSBURG, FL 33702
MLS# TB8471125Listed by: FUTURE HOME REALTY INC - Open Sat, 11am to 1pmNew
$1,699,900Active4 beds 4 baths2,855 sq. ft.301 79th Street S, ST PETERSBURG, FL 33707
MLS# TB8468277Listed by: ACCESS PARADISE REALTY - New
$339,900Active2 beds 1 baths1,024 sq. ft.1908 20th Avenue N, ST PETERSBURG, FL 33713
MLS# TB8470171Listed by: RMS ELITE PROPERTIES - New
$1,499,000Active5 beds 3 baths2,865 sq. ft.2420 14th Street N, ST PETERSBURG, FL 33704
MLS# TB8470901Listed by: KELLER WILLIAMS ST PETE REALTY - New
$285,000Active2 beds 2 baths930 sq. ft.484 Santa Cruz Place Ne #G, ST PETERSBURG, FL 33703
MLS# TB8470908Listed by: LUXURY & BEACH REALTY INC - New
$1,150,000Active2 beds 2 baths1,753 sq. ft.777 3rd Avenue N #804, ST PETERSBURG, FL 33701
MLS# TB8471090Listed by: A BETTER LIFE REALTY - New
$319,900Active2 beds 2 baths1,400 sq. ft.303 Boca Ciega Point Boulevard N #2901, ST PETERSBURG, FL 33708
MLS# TB8471080Listed by: LIPPLY REAL ESTATE
$205,000Pending2 beds 1 baths624 sq. ft.2590 18th Avenue N, ST PETERSBURG, FL 33713
MLS# TB8471079Listed by: NORTHSTAR REALTY- New
$439,000Active2 beds 2 baths1,050 sq. ft.6365 Bahia Del Mar Boulevard #506, ST PETERSBURG, FL 33715
MLS# TB8471052Listed by: BIANCHI REALTY & PROPERTY MANAGEMENT INC.