$890,000
Active · 157 days on market · MLS# MFRTB8409497
| Bedrooms | 4 |
|---|---|
| Living area | 2,288 sq ft |
| Lot size | 0.11 acres |
| Year built | 1925 |
| Property type | Quadruplex |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $10,678 |
| County | Pinellas |
Exceptional Multifamily Investment Opportunity! Introducing a great opportunity to acquire a fully occupied, income-producing multifamily property in one of St. Petersburg’s most desirable neighborhoods: Euclid St. Paul’s. Ideally positioned near the Historic Uptown and Crescent Lake districts, this charming 1925-built asset is located at 1327 17th Avenue North, with convenient access to the northern units via 17th Terrace North. The property consists of two well-maintained buildings totaling 2,288 square feet, configured as four thoughtfully designed 1-bedroom units—all currently leased. With a current cap rate of 6.1%, this is a solid performer with the potential for increased returns through a few minor interior improvements. Situated in a high-demand rental submarket, this property offers full occupancy with consistent rental income, strong historical performance, and excellent tenant retention. Classic 1920s architecture is paired with modern updates, creating a timeless appeal for residents. The location provides easy access to downtown St. Pete, nearby parks, and major retail corridors, making it an attractive option for tenants and a stable, appreciating asset for investors. Zoned NT-2 and ideally suited for low-rise, garden-style multifamily ownership, this is a rare chance to secure a turn-key property with both immediate cash flow and long-term value in a thriving St. Petersburg neighborhood. Contact us today to schedule a private tour!
Listing courtesy of Joey Romanik, COMPASS FLORIDA LLC. Presented by MC Homes Realty Inc · 727432218.