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For the investor seeking immediate income and future upside, this 13-unit income-producing portfolio in the Parklane Condominiums offers an exceptional blend of stability, location, and scale. The mix consists of eleven one-bedroom units and two two-bedroom units, with only two currently vacant, and gross rental potential exceeding $15,000/monthly. The property is situated in a high-demand rental corridor just minutes from downtown St. Petersburg, with direct access to I-275, 4th Street, major employers, and public transportation. Parklane has had consistent demand and minimal vacancy. The portfolio benefits from an investor-friendly HOA structure that covers nearly all exterior operational costs, including maintenance, roof reserves, pool service, water, sewer, trash, cable, and landscaping, providing a passive ownership profile with reduced management complexity. Tenants enjoy a gated, well-maintained community with a shared pool, green space, and common areas that promote long-term retention. Whether you are expanding an existing portfolio or executing a 1031 exchange, this stabilized asset offers immediate income, operational efficiency, and strong fundamentals in a rapidly appreciating urban market.
| DAYS ON MARKET | 101 | LAST UPDATED | 12/16/2025 |
|---|---|---|---|
| TRACT | PARKLANE CONDO | YEAR BUILT | 1973 |
| COMMUNITY | 33703 - St Pete | COUNTY | Pinellas |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| PRICE HISTORY | |
| Prior to Nov 13, '25 | $1,573,000 |
|---|---|
| Nov 13, '25 - Dec 16, '25 | $1,450,000 |
| Dec 16, '25 - Today | $1,399,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 33703 - St Pete |
| CONSTRUCTION | Block |
| EXTERIOR | Other |
| HEAT | Central |
| INTERIOR | Other |
| SEWER | Public Sewer |
| SUBDIVISION | PARKLANE CONDO |
| TAXES | 1254.78 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Mary Gillam, LOMBARDO TEAM REAL ESTATE LLC, 813-321-0437
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 12/19/25 9:26 PM PST.
This IDX solution is (c) Diverse Solutions 2025.