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633 7th Avenue N, St Petersburg
$1,000,000
5 Beds ⋅ 6 Baths ⋅ Saffords Add Rev SubDv. ⋅ 33701 Zip Code
SIX UNIT PLUS FOUR GARAGE BAY cash flowing and investment opportunity right on the main drag in St. Pete’s highly desirable Uptown neighborhood, known for its charming brick-lined streets and close proximity to downtown grossing $110,460. This unique offering features six total units across two buildings: a quadplex building and a separate detached building with two units on top of 4 garage bays. The quadplex building is located at the front of the property and has a large 1 bed/1 bath on the first floor with a private yard, a 1 bed/ 1 bath unit and a 2 bed/1 bath dorm style unit on the second floor. The building also has a 1 bed/ 1 bath apartment on the first floor with separate access from the side of the building. Behind the quadplex sits the two traditional studio apartments on top of 4 large garage bays. The garage bays can be rented out for additional income or kept for storage space for the owner or tenants. Additional property highlights include large front porches on both structures, parking for 2 cars in front of the garage bays, and ample on-street parking. Whether you choose to live in one unit and rent the rest or lease all six for maximum returns, this property is primed for strong passive income. The building received some updates in 2026, and professional property management is already in place and willing to continue. Located less than 2 blocks from Downtown St. Pete and under 30 minutes to both Downtown Tampa and the Gulf Beaches, this property offers tenants the perfect balance of lifestyle and convenience, ensuring consistent demand and easy leasing.

633 7th Avenue N, St Petersburg

1761 19th Street S, St Petersburg
$695,000
8 Beds ⋅ 4 Baths ⋅ La Plaza SubDv. ⋅ 33712 Zip Code
Fully gut-renovated income-producing quadplex in the heart of St. Petersburg, featuring four turnkey units and located just minutes from downtown. This high-quality renovation includes a new roof installed in 2020, fresh exterior paint, and extensive interior upgrades throughout the building. Each unit offers in-unit laundry connections, modern kitchens with shaker-style cabinets, quartz countertops, and stainless steel appliances. The bathrooms have been fully remodeled with tiled showers, new vanities, and sleek modern fixtures. Interior upgrades also include new waterproof luxury vinyl plank flooring, all new trim, and baseboards for a clean, updated finish. The quadplex layout consists of four 2 bedroom / 1 bathroom units with the following rental amounts: Unit 1: $1,650/month Unit 2: $1,650/month Unit 3: $1,895/month Unit 4: $1,562/month Current rental income totals $6,757/month ($81,084 annually). Based on the current HUD Fair Market Rent of $2,130/month for 2-bedroom unit in this ZIP code, the property has the potential to generate $8,520/month ($102,240 annually), representing an upside of $1,908/month ($22,896 annually). Located in a prime corridor within the City of St. Petersburg, this property benefits from strong tenant demand, steady appreciation, and proximity to dining, entertainment, and major employment centers. Perfect for investors seeking cash flow and long-term appreciation or an owner-occupant looking to offset housing costs. No hurricane damage from both storms (Milton & Helene). Motivated seller — don’t miss out on this fully updated opportunity.

1761 19th Street S, St Petersburg

335 5th Avenue N, St Petersburg
$1,320,000
9 Beds ⋅ 7 Baths ⋅ Thorntons Add SubDv. ⋅ 33701 Zip Code
The 7-Unit 335 On Fifth Avenue is located three blocks to St Petersburg’s Beach Drive and waterfront parks making it an ideal permanent residence or short-term stay accommodation. Whether a year-round resident or visitor to Tampa / St Pete, tenants and guests are just four blocks to the iconic “Beach Drive Scene”. Situated in the heart of downtown and bordering the leafy redbrick avenues and stately homes of exquisite Historic Old Northeast, Beach Drive is the de facto hub for an expansive variety of popular fine dining and entertainment, sophisticated nightlife, chic galleries, superb people watching, and expansive waterfront parks. Nearby waterfront Vinoy Park on Tampa Bay offers acres of lush green space, a sports and aquatic complex, fitness trails, a dog park, and beach volleyball. The city’s multitude of attractions include the New St. Pete Pier, Watch Discovery Center and Museum of History, to name a few. With typically more than 360 days of sunshine each year, plenty of trails to explore, and a work-life balance that happens to include beach days, it's no wonder the city of St. Petersburg was named the best place to live in Florida according Livability. In addition to its long-standing record for consecutive days of sunshine, among the city’s most prized amenities is its natural beauty with more than 200 miles of shoreline along Tampa Bay to the Gulf, Boca Ciega Bay and intercoastal waterways. Throughout the year there are more than 1,000 special events and festivals ranging from yachting, farmers markets, music festivals, sporting events, concerts and a variety of cultural venues. The 335 On Fifth Avenue is currently operated with four traditional 12-month lease units. Three units are offered on a short-term basis with typical duration of three- to four-night stays. Based on the projected year-one stabilized income and Buyer’s projected year-one expenses, which do reflect the Appraiser’s estimated Real Estate Tax increase and include normal and customary property management fees, the Price represents approximately a 12% Cap Rate. Without adjusting for the pro-forma income increase, yet still applying the Buyer’s projected year-one expense increases, the Cap Rate is approximately 7.2%. The 335 On Fifth Avenue is ideally suited for discerning investors seeking to establish a foothold in dynamic downtown St Petersburg. Investors interested in acquiring a high-quality, turnkey, generational family asset to satisfy a pending 1031 Exchange, or expand and enhance a portfolio of high-quality real estate investments will want to tour and be compelled to acquire 335 On Fifth Avenue.

335 5th Avenue N, St Petersburg

1230 70th Street N, St Petersburg
$990,000
7 Beds ⋅ 6 Baths ⋅ Eagle Manor SubDv. ⋅ 33710 Zip Code
Welcome to this beautifully renovated, income-producing quadplex located in the highly desirable Azalea Park neighborhood of St. Petersburg. Perfectly situated along the Pinellas Trail and just minutes from the Gulf beaches, this turnkey investment property offers four updated units with over 3,200 heated square feet, making it an outstanding opportunity for both seasoned and first-time investors. Each unit features spacious floor plans with modern updates, while Units 2 and 3 received new A/C systems in 2025, and the roof was replaced in 2016, providing peace of mind for years to come. Two of the units offer private patios, and select units feature a spacious primary suite with an en-suite bathroom, tiled walk-in shower, and large walk-in closets with built-in shelving. Designed for long-term ownership and ease of management, the property features individually metered electric service for all four units, eight dedicated off-street parking spaces with two assigned spaces per unit, and an on-site laundry facility equipped with commercial Speed Queen coin-operated washers and dryers, providing an additional source of income. The shared courtyard has also been completely renovated with a new French drain system and zero-maintenance river rock landscaping, creating an attractive outdoor gathering space while significantly reducing future maintenance costs. Additional capital improvements include newer water heaters, updated flooring, fresh interior paint, new washer, and numerous interior upgrades throughout, further enhancing the property's value and tenant appeal. Located just minutes from Tyrone Square Mall, Azalea Recreation Center, the Pinellas Trail, Alt. US-19, and the award-winning beaches of Treasure Island, this property offers tenants exceptional convenience to shopping, dining, parks, entertainment, and Florida's beautiful Gulf Coast. Whether you're looking to expand your investment portfolio or purchase a well-maintained, turnkey income-producing asset in one of St. Petersburg's strongest rental markets, this exceptional quadplex is an opportunity you won't want to miss.

1230 70th Street N, St Petersburg

633 7th Avenue N, St Petersburg
$1,000,000
Saffords Add Rev SubDv. ⋅ 33701 Zip Code
Excellent cash flowing and investment opportunity right on the main drag in St. Pete’s highly desirable Uptown neighborhood, known for its charming brick-lined streets and close proximity to downtown grossing $110,460 / year. This unique offering features six total units across two buildings: a quadplex building and a separate detached building with two units on top of 4 garage bays. The quadplex building is located at the front of the property and has a large 1 bed/1 bath on the first floor with a private yard, a 1 bed/1 bath unit and a 2 bed/1 bath dorm style unit on the second floor. The building also has a 1 bed/1 bath apartment on the first floor with separate access from the side of the building. Behind the quadplex sits the two traditional studio apartments on top of 4 large garage bays. The garage bays can be rented out for additional income or kept for storage space for the owner or tenants. Additional property highlights include large front porches on both structures, parking for 2 cars in front of the garage bays, and ample on-street parking. Whether you choose to live in one unit and rent the rest or lease all six for maximum returns, this property is primed for strong passive income. The building received some updates in 2026, and professional property management is already in place and willing to continue. Located less than 2 blocks from Downtown St. Pete and under 30 minutes to both Downtown Tampa and the Gulf Beaches, this property offers tenants the perfect balance of lifestyle and convenience, ensuring consistent demand and easy leasing.

633 7th Avenue N, St Petersburg

940 25th Street N, St Petersburg
$1,482,000
5 Beds ⋅ 5 Baths ⋅ Melrose Sub 1st Add SubDv. ⋅ 33713 Zip Code
THE HISTORIC NORTH KENWOOD COMPOUND. Start your compound in the heart of St. Petersburg. Some properties are simply investments. Others become a lifestyle, a legacy, and a place for generations to gather. Set on an oversized 11,430-square-foot double lot in Historic North Kenwood, this rare four-unit property offers flexibility that is becoming increasingly difficult to find. Live in one unit and generate income from the others. Create a multigenerational compound. Build an urban homestead. Or simply enjoy owning a piece of St. Petersburg history with room to grow. The centerpiece of the property is a beautifully restored residence featuring soaring 12-foot ceilings, original hardwood floors, restored crown molding, updated kitchen and bath, new windows, and new HVAC. Historic character and modern comfort come together in a way that cannot be replicated today. The property currently offers four separate living spaces, creating opportunities for owner-occupants, investors, extended families, creatives, remote workers, and entrepreneurs seeking flexibility under one roof. Recent improvements include: New roof serving all units, Updated electrical systems, Renovated kitchens and baths, New HVAC systems, New windows, Fresh interior and exterior paint, Restored historic architectural details. But what truly sets this property apart is the land. The oversized double lot creates possibilities rarely found this close to downtown St. Petersburg. Imagine harvesting fruit from your own trees, cultivating raised garden beds, creating an urban farm, gathering fresh eggs, building a greenhouse, designing a private courtyard, adding outdoor entertainment areas, installing a putting green, creating play spaces, or simply enjoying room to breathe in the middle of the city. Few properties allow you to combine income-producing real estate, historic architecture, and a modern homestead lifestyle in one location. Located just minutes from downtown St. Petersburg, the Grand Central District, Booker Creek Park, restaurants, breweries, coffee shops, and waterfront attractions, this property delivers both convenience and opportunity. Whether your vision is a family compound, urban farm, income-producing residence, house-hack, multigenerational estate, or long-term wealth-building asset, this property provides a foundation that is increasingly difficult to acquire. They aren't making more historic double lots. Bring your vision. Create the lifestyle. Build your compound. OWNER-OCCUPANT OPPORTUNITY Qualified buyers may be eligible for owner-occupied multifamily financing programs designed for two- to four-unit properties. Certain renovation loan programs may allow buyers to finance both acquisition and eligible improvements through a single mortgage, creating the opportunity to customize, modernize, and add value while living on-site. Current conforming loan limits for owner-occupied four-unit properties exceed $1.6 million, subject to lender requirements, appraisal, underwriting approval, and program guidelines. Buyers should independently verify financing options, renovation eligibility, loan limits, zoning, permitting, and any intended future use of the property.

940 25th Street N, St Petersburg

3829 2nd Avenue N, St Petersburg
$449,000
5 Beds ⋅ 2 Baths ⋅ Central Ave Heights SubDv. ⋅ 33713 Zip Code
TWO DETACHED DWELLINGS ON ONE PROPERTY! Classic St. Petersburg character meets remarkable versatility with a 1919 Craftsman-style bungalow in front and a private 2-bedroom garage apartment/cottage in back—an appealing combination for multigenerational living, extended family, guests, or the opportunity to generate rental income that could help offset the monthly mortgage payment. The 3-bedroom, 1-bath front home showcases the warmth and personality that make Craftsman-style bungalows so enduringly popular. A welcoming front porch sets the tone, while original architectural details, wood floors, high ceilings, and generous living and dining spaces preserve the home's vintage appeal. Three bedrooms provide flexibility for everyday living, guests, or a home office, and a dedicated laundry area adds convenience. Set behind the bungalow, the detached 2-bedroom, 1-bath cottage offers its own living room, kitchen, laundry, water heater, and covered patio. With no shared walls and independent living spaces, it provides valuable privacy and numerous possibilities—accommodate family, create comfortable quarters for guests, or rent the cottage while enjoying the front home yourself. Gas and electricity are individually metered for each residence, while water, sewer, and trash service are shared. Off-street parking and outdoor space complement the property's flexible two-home configuration. Conveniently located in Central Oak Park with easy access to downtown, the Grand Central District, the Pinellas Trail, shopping, dining, parks, and Gulf beaches, this property offers something increasingly difficult to find: the character of a Craftsman-style bungalow combined with the versatility and potential income of a completely detached second home. Live in one and rent the other, keep family close while preserving everyone's privacy, or use both residences to suit your changing needs. Two homes, one property, and a wealth of possibilities.

3829 2nd Avenue N, St Petersburg

260 20th Avenue S, St Petersburg
$535,000
3 Beds ⋅ 3 Baths ⋅ Rouslynn SubDv. ⋅ 33705 Zip Code
Want a property that has all the major work components updated? Want an income property with income stream the first month? Want a property that has a occupancy rate of 96%? This Duplex Investment Opportunity may be for you - Located in Old Southeast, only 1 mile from downtown St Petersburg. This exceptional investment opportunity features a 2-bedroom, 2-bathroom unit plus a 1-bedroom, 1-bathroom unit. There is additional property to expand the footprint to add an additional ADU on the property for expanded investment opportunities. Located in desirable Old Southeast, just approximately 1 mile south of Downtown St. Petersburg, this renovated concrete block duplex offers a strong investment opportunity in one of St. Pete’s consistently high-demand rental locations. With proximity to the USF St. Petersburg campus, Johns Hopkins All Children’s Hospital, Orlando Health Bayfront Hospital, the St. Pete Innovation District, The Dalí Museum, Mahaffey Theater, Al Lang Stadium, downtown waterfront parks, the marina, restaurants, nightlife, museums, and Tampa Bay, this location appeals to long-term tenants, medical professionals, college students, downtown workers, and owner-occupants alike. Both units have been renovated and feature newer major systems, including a NEW ROOF 2025, both apartments have NEW AC UNITS 2023, and private in-unit washer and dryer for each residence. Additional upgrades include; NEW HOT WATER TANKS 2024, IMPACT WINDOWS 2023, NEW APPLIANCES 2024. The larger front unit offers approximately 850 square feet with a conventional and highly livable layout, featuring 2 spacious bedrooms, each with its own ensuite bathroom, a fully equipped kitchen, private laundry, and private outdoor space. The second unit is an efficient and well-appointed 1 bedroom, 1 bathroom residence with approximately 530 square feet, offering a large bedroom with ensuite bath, functional kitchen storage, private laundry, and comfortable living space. This property is ideal for an investor looking to add a renovated duplex to their rental portfolio. With the growth of the nearby Innovation District, expanding healthcare, marine science, university, arts, and business corridors, this Old Southeast duplex is positioned in a location where rental demand remains strong. You will never be short of tenant interest in this prime St. Petersburg location.

260 20th Avenue S, St Petersburg

1500 30th Avenue N, St Petersburg
$589,900
3 Beds ⋅ 3 Baths ⋅ Washington Heights SubDv. ⋅ 33704 Zip Code
Virtually Staged. Location, Location, Location! Exceptional investment opportunity just minutes from vibrant downtown St. Petersburg! Tenants will love being close to restaurants, shopping, movie theaters, entertainment, Tampa Bay, and the beautiful Gulf Beaches. This charming triplex has seen numerous updates since 2019, including remodeled kitchens, newer appliances, updated windows, fresh paint, washer and dryer hookups, and more. Units A and B are spacious 1-bedroom, 1-bath units located at the front of the property, featuring a welcoming covered front porch full of character and charm. Built in 1949, these units showcase timeless details such as coved ceilings and arched doorways. Unit A offers original hardwood floors, while Unit B features ceramic tile flooring. HVAC replaced in 2017. Unit C, located at the rear of the property with convenient alley access, was newly converted in 2019 into a stylish studio apartment featuring a combined living and sleeping area, eat-in kitchen, and full bathroom. Situated on a desirable corner lot, the property offers on-site parking plus shared tenant storage space in the remaining garage area. Current and projected rental information: * Unit A projected market rent of approximately $2,000/month. * Unit B currently rented at $1,600/month on a month-to-month lease with projected market rent of approximately $2,000/month. * Unit C is currently vacant with projected market rent of approximately $1,700/month. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the others, this property offers incredible income potential in one of the most desirable areas of St. Petersburg. These units are in excellent condition, full of charm, block construction and perfectly located minutes to Downtown St Pete!

1500 30th Avenue N, St Petersburg

3030 5th Street N, St Petersburg
$1,485,000
6 Beds ⋅ 6 Baths ⋅ Barnards Sub D E SubDv. ⋅ 33704 Zip Code
Looking to add to your portfolio?!? Live in one unit while generating substantial income from the others, create a multi-generational living arrangement, co-own with family or friends, or fully lease the property and capitalize on strong demand in one of St Pete's most desirable rental markets. Estimated gross rental income of $10,000 per month when fully leased. in the highly sought-after 5 Points neighborhood of St. Petersburg, this exceptional four-unit multi-family property offers a rare investment opportunity just steps from The Fresh Market and The Body Electric Yoga Company. The property features a versatile mix of updated units with strong income potential, off-street parking, private outdoor spaces, and major capital improvements already completed. Unit 1 is a renovated 2-bedroom, 1-bath single-family-style residence featuring a large fully fenced side yard, off-street parking pad, updated kitchen and bath, living and dining rooms, stainless steel appliances, quartz countertops, tile flooring, new AC, and fresh interior/exterior paint. Separately metered with shared laundry and option to add in-unit laundry. Unit 2 is a spacious two-story townhouse-style unit offering 2 bedrooms, 2.5 baths, plus a large bonus room that could function as a third bedroom. Features include updated kitchen and baths, indoor laundry, additional garage laundry hookup, attached 2-car garage with private side street entrance, oversized driveway, storage shed, and large fenced yard. Finished with stainless steel appliances, quartz countertops, vinyl flooring, new AC, and fresh interior/exterior paint. Separately metered. Unit 3 is a 1-bedroom efficiency/studio unit with dedicated living space, tile flooring throughout, one off-street parking space, and shared patio area. Kitchen and bath are functional with opportunity for future updates. Wall unit AC. Ideal setup for traveling nurse, short-term rental, or supplemental income opportunity. Includes access to on-site coin-operated laundry. Electric is shared with Unit 2. Unit 4, known as the “Treehouse,” is a charming 1-bedroom, 1-bath upstairs unit with private living space and stair access. Features include updated kitchen and bath, stainless steel appliances, quartz countertops, refinished hardwood flooring, tile in wet areas, two new mini-split AC systems, and two dedicated off-street parking spaces. Separately metered with access to on-site coin-operated laundry. Additional improvements include a brand-new roof, new AC systems, new fencing, fresh interior and exterior paint throughout, brand-new sod, and irrigation system. Tenant-paid utilities help minimize owner expenses. A turnkey opportunity in one of St. Pete’s most desirable neighborhoods with excellent flexibility for long-term, short-term, or owner-occupant investment strategies.

3030 5th Street N, St Petersburg

2983 62nd Avenue N, St Petersburg
$445,000
4 Beds ⋅ 4 Baths ⋅ Washington Terrace SubDv. ⋅ 33702 Zip Code
Excellent investment opportunity in a convenient St. Petersburg location! This well-maintained concrete block duplex features two spacious 2-bedroom, 2-bath units, each offering an inside utility room with laundry facilities and private yard space. Interior finishes include porcelain tile and luxury vinyl flooring, and Unit 2985 has a recently installed A/C system. Each unit is separately metered for utilities, with tenants responsible for electricity and water, helping simplify management and control operating expenses. Built in 1984, the property offers durable concrete block construction, ample on-site parking, and is located in a non-flood zone where flood insurance is currently not required. Conveniently positioned between I-275 and US-19, the property provides easy access throughout St. Petersburg and to Tampa and Clearwater. Downtown St. Petersburg, the St. Pete Pier, waterfront dining, museums, shopping and entertainment are just minutes away. Sawgrass Lake Park and Crescent Lake Park are also nearby, while the Gulf beaches, St. Pete-Clearwater International Airport and Tampa International Airport are all within easy reach. An excellent opportunity for investors or owner-occupants—add a solid income-producing property to your portfolio, or live in one unit while generating rental income from the other. With two separate 2-bedroom, 2-bath units, private outdoor spaces, separate utilities and a central St. Petersburg location, this versatile duplex offers flexibility today and excellent long-term potential.

2983 62nd Avenue N, St Petersburg

127 17th Avenue S, St Petersburg
$789,000
5 Beds ⋅ 4 Baths ⋅ Bayboro SubDv. ⋅ 33701 Zip Code
Price reduced Investor Opportunity in Old Southeast. Fully renovated Triplex, plus vacant detached garage Near downtown St Petersburg and Tampa Bay. Turnkey income property in one of St. Petersburg’s most desirable historic neighborhoods, Old Southeast. Just blocks from Lassing Park and Tampa Bay, this fully renovated triplex offers strong rental appeal and long-term appreciation potential AND not in a flood zone!! Property Highlights: Three Units with possibility of creating additional income by dividing the 23' x 22' detached garage into 2 or 3 rentable spaces with alley entrance. First floor is a beautifully updated 3BR/2BA main residence with bonus office and welcoming front enclosed and air conditioned porch. Upstairs are two, fully updated 1BR/1BA apartments, each with living rooms, bedrooms and private balcony. Extensive Updates include: New impact windows & doors 2023, Roof 2015, Luxury vinyl flooring throughout, Fully updated and modern kitchens & baths, New tankless water heaters, Ceiling fans and so much more. Shop the competition and then expect to be astonished at this beautiful and affordable property. Street and alley entrance parking will comfortably accommodate 4 vehicles. Your tenants will enjoy the private back patio and easy access laundry area. With flexible space and rental options, this triplex is ideal for long or seasonal term as allowed by the City (Not AirBNB approved) or owner-occupant with supplemental income, this property checks all the boxes for cash flow and lifestyle. Looking for multigenerational home? This home could be modified to a single family residence with separate living areas for family members independence!! Location, location, location!!! Prime location near downtown’s, very vibrant and culturally rich culinary, arts, sports, museums, college and hospitals. Home of the St Pete Grand Prix, the Rowdies and the Rays as well as other waterfront attractions makes this a high demand rental asset in high demand. THIS TRIPLEX IS NOT LOCATED IN A FLOOD ZONE. Fall in love with this affordable, vintage, fully updated charmer in desirable Old Southeast. Heated SF is public record. Total SF includes detached garage added to public record. Tenant occupied and showings are challenging.

127 17th Avenue S, St Petersburg

5910 31st Street N, St Petersburg
$457,000
4 Beds ⋅ 4 Baths ⋅ 33714 Zip Code
Hard-to-find turnkey cash-cow triplex in a peaceful, rapidly appreciating pocket of St. Pete. The owner’s early retirement offers you the rare chance to snatch up this well-maintained income-producing triplex for well below market value. Live in one of the three spacious units: one 2-bed/2-bath and two 1-bed/1-baths, and rent the others out for ample passive income. So what makes this place so special? 1) All units well maintained with absolutely no major issues. Cosmetic repairs recently made where needed. 2) Oversized .25 acres lot with plenty of space for parking. Large space between buildings with potential to add a 4th unit. 3). Long term tenants in place - two units on leases, one month to month. 4) High and dry elevated lot, unaffected by recent storms. Non-flood zone. 5) Quiet low-traffic street in a great location. Close to shopping, dining, schools, and entertainment. Just minutes from major highways and commuter routes, 10 minutes from downtown St. Pete, and seconds from the beautiful Sawgrass Lake Park, featuring walking trails, elevated boardwalks, wildlife viewing, and more. Investor notes: LTR: 3,100 / mo current, 3,500 - 3,700 potential w/o updates. Very little nearby competition. Low-maintenance, income-producing, and no storm damage. Easy to show. No HOA/CDD. Feel free to soft pitch before writing anything up. MLS info sheet and disclosures available. No assignable contracts accepted.

5910 31st Street N, St Petersburg

2722 14th Avenue S, St Petersburg
$1,015,900
5 Beds ⋅ 6 Baths ⋅ Wildwood Sub SubDv. ⋅ 33712 Zip Code
Motivated Sellers! HOME WARRANTIES included on the existing units and located in a NO FLOOD ZONE, this rare MULTIFAMILY INVESTMENT PROPERTY in ST. PETERSBURG, FLORIDA offers the perfect combination of IMMEDIATE CASH FLOW and APPROVED DEVELOPMENT OPPORTUNITY. Situated on approximately 3.5 CORNER LOTS, this unique property includes FOUR FULLY OCCUPIED RENTAL UNITS across three separate buildings, featuring a 3-BEDROOM, 2-BATH SINGLE-FAMILY HOME, a 2-BEDROOM, 2-BATH SINGLE-FAMILY HOME, and TWO REMODELED STUDIO APARTMENTS, all extensively updated in 2022 with NEW ROOFS, UPDATED KITCHENS, MODERN FLOORING, NEW DOORS, TRIM, PAINT, AND INTERIOR FINISHES, plus NEW LANDSCAPING completed in 2025. Also included is the parcel at 1416 28TH AVE S, where the previous five-unit building was professionally demolished with permits, including asbestos remediation, and the property has already been REZONED AND APPROVED FOR UP TO 13 RESIDENTIAL UNITS, allowing investors and developers to collect rental income while planning their next project. Located just minutes from DOWNTOWN ST. PETERSBURG, CENTRAL AVENUE, the WAREHOUSE ARTS DISTRICT, the TROPICANA FIELD REDEVELOPMENT, I-275, and the GULF BEACHES, this property is surrounded by NEW CONSTRUCTION, thriving businesses, and one of the area's strongest RENTAL MARKETS. Whether you're searching for a MULTIFAMILY PROPERTY, INCOME-PRODUCING INVESTMENT, REDEVELOPMENT OPPORTUNITY, VALUE-ADD PROJECT, or a COMMERCIAL RESIDENTIAL DEVELOPMENT SITE, this exceptional offering delivers STRONG CASH FLOW, LONG-TERM APPRECIATION, and outstanding upside in one of ST. PETERSBURG'S FASTEST-GROWING LOCATIONS.

2722 14th Avenue S, St Petersburg

944 15th Avenue S, St Petersburg
$895,000
13 Beds ⋅ 8 Baths ⋅ Orangewood SubDv. ⋅ 33705 Zip Code
Under contract-accepting backup offers. NO FLOOD damage or hurricane claims made by current Owners - property is in X Flood Zone. Very Rare 5-unit Multi-Family Investment Property only minutes from Downtown St. Pete and Tropicana Field. New Roofs on all buildings in 2022. Foundation stabilization for all 3 buildings with Lifetime Warranty. All units are separately metered for electric and water. Property has had many recent updates, including but not limited to waterproof flooring in all units, updates to plumbing and electrical, interior and exterior paint, cabinets, A/C units and much more, including current renovations underway. Property is within blocks of Midtown Academy, local library and area Community Center! This property offers many future use possibilities in a developing area of St. Petersburg, as it is zoned for up to 9 units by both the county and the state. There is a common utility room that used to have an on-site W/D which would add additional revenue (and tenant interest) from a coin-op W/D. Sec-8 inspections have previously passed on all units and Sec-8 rates provide a very strong CAP Rate for this Investment Property... with tons of potential utilizing future development! Do not let this opportunity get away. Please DO NOT DISTURB TENANTS....Showing by appointment only please TEXT listing Agent with all questions and to set up showings. No sign on property.

944 15th Avenue S, St Petersburg

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