$1,200,000

About This Property

One of Downtown St. Petersburg's rarest offerings — a historic 1925 six-unit apartment building situated steps from Historic Old Northeast in Flood Zone X. The two-story wood-frame building features 5 one-bedroom/one-bath units plus an efficiency, individually metered electric, and a 2021 roof replacement already complete. Current rents are significantly below the appraiser's concluded value and represent significant income upside with rent stabilization in gross annual potential. Grandfathered 6-unit use under NT-2 zoning protects the income-producing asset in a neighborhood where comparable new supply simply cannot be built. Value-add investors will appreciate the vacancy/rent-up story, the density efficiency, and a location that commands premium tenants with minimal concessions. A genuine value-add play in a submarket that rarely offers one. Dont miss out on the investment opportunity. Contact the listing agent for a duel portfolio marketing plan for this and 247 6th ave n.

infoProperty Details

Property Type

Multi Family (5+)

Year Built

1925

Living Area

3,234 sqft

Lot Size

0.08 acres

Bathrooms

0

Ownership

Fee Simple

Days on Market

23

List Date

Jun 23, 2026

chairInterior Features

yardExterior & Lot

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Listed By

SUNSHINEAGLE LLC

941-416-4580