1316 MELROSE AVE S, SAINT PETERSBURG, FL 33705

$599,000

Active · 77 days on market · MLS# MFRW7874148

Bedrooms3
Living area2,407 sq ft
Lot size0.14 acres
Year built1939
Property typeTriplex
Garage spaces1
Private poolYes
WaterfrontYes
Annual taxes$7,374
CountyPinellas

About this home

PRICE IMPROVEMENT! Incredible Investment Opportunity in the Heart of St. Petersburg! This fully upgraded income-producing property offers the perfect blend of modern comfort and unbeatable location. Renovated top-to-bottom in 2022, the main house features 3 spacious bedrooms, 2.5 luxurious baths, and an attached garage—all with a bright, open floor plan. Upgrades include new electrical, new kitchen, new bathrooms, new flooring, new windows, and new appliances. Plus, enjoy peace of mind with a 2021 A/C and 2020 roof—truly nothing has been overlooked! On the same property, you’ll find a second fully updated building offering two separate units. The lower unit includes 1 bedroom and 1 bath, while the upper unit offers 2 bedrooms and 1 bath. Both units have private entrances, individual mailboxes, and share a convenient laundry room. Located just minutes from the St. Pete Pier, vibrant downtown shopping, and top-rated restaurants, this property is ideal for investors or those seeking multi-generational living. With ample parking, no HOA, and no flood zone, this one checks all the boxes! Currently all units are leased, 1/1 and 2/1 are both month to month leases and the 3/2/1 is leased until Jan 31/26.

Listing courtesy of Mary Dorey, EXP REALTY LLC. Presented by MC Homes Realty Inc · 727432218.

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