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A rare opportunity to acquire a 13-unit stabilized portfolio in the Parklane Condominiums community, centrally located in the heart of St. Petersburg. This offering includes eleven one-bedroom, one-bath units and two two-bedroom, one-bath units, with only two currently vacant. The asset sits within a well-maintained, fenced complex featuring a community pool, lush courtyards, grilling area, and shared laundry facilities. The Parklane community provides a quiet residential setting, while remaining just minutes from the downtown core, 4th Street corridor, and major interstates, offering exceptional accessibility and strong tenant demand. Each unit is individually metered, with HOA fees covering exterior maintenance, water, sewer, trash, basic cable, lawn care, and roof reserves"”making this an extremely low-maintenance portfolio for residential investors. With in-place rents and minimal vacancy, the portfolio generates strong monthly cash flow with the potential to exceed $15,000 per month. This is an ideal acquisition for any residential buyer seeking predictable income, long-term upside, and a low-barrier entry into the St. Pete multifamily 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) | Condo/Townhouse/Co-Op |
| 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 |
| AMENITIES | Maintenance Grounds, Maintenance Structure, Pest Control, Sewer, Trash, Water |
| APPLIANCES | Other |
| AREA | 33703 - St Pete |
| CONSTRUCTION | Block |
| EXTERIOR | Lighting |
| HEAT | Central |
| INTERIOR | Other |
| SEWER | Public Sewer |
| STORIES | 1 |
| 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.