Active

$895,000

Features:
  • 4 Bedrooms
  • 4 Bathrooms
  • 2288 sq ft
Overview
  • ID: MFRTB8409497
  • Bedrooms: 4
  • Bathrooms: 4
  • Size: 2288 sq ft
Property Details
Remarks
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 6.23%, 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!
Financial Considerations
Price:
$895,000
HOA Fee:
N/A
Tax Amount:
$10678
Price per SqFt:
$391.17
Tax Legal Description:
EUCLID GROVE 1ST ADD BLK G, LOT 3
Exterior Features
Lot Size:
4918
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Membrane
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
4
Bathrooms:
4
Heating:
Electric
Cooling:
Ductless
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
Two
Additional Features
Property Sub Type:
Quadruplex
Style:
N/A
Year Built:
1925
Construction Type:
Vinyl Siding, Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Courtyard
Additional Features 2:
Buyer should verify any short-term rental restrictions with the city of St. Pete
Map
  • Address
    1326 17TH TER N
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  • Communication and Transparency
  • Skilled Negotiation
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  • After-Sale Support
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