Average square foot calculated using Size range provided by listing agent.
Description
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!Show Description
MLS® NumberTB8409497
Laundry LevelInside
Central VacNo
FireplaceNo
Acreage0.11
ExteriorCourtyard
GarageNo
Approx. Age1925
Basement
Driveway
Garage Spaces
HeatElectric
A/CDuctless
Heating Fuel
Extras
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