St. Petersburg Real Estate | St. Petersburg Multi-Family Homes for Sale

Very rare fresh to market apartment building in the highly desirable Kenwood neighborhood near downtown St Petersburg. Seven 2br/1ba & three 1br/1ba units with a lovely courtyard setting. Features include ten on-site parking spaces, block construction, coin laundry, and room for a pool. A condo conversion is certainly an option. Within walking distance of the Grand Central District, with all of its dining, shopping and nightlife. Please see attached brochure for additional details and photos

3036 6th Avenue N, St Petersburg

$589,900

3 Beds ⋅ 3 Baths ⋅ Washington Heights SubDv. ⋅ 33704 Zip Code

Virtually Staged. Location, Location, Location! Exceptional investment opportunity just minutes from vibrant downtown St. Petersburg! Tenants will love being close to restaurants, shopping, movie theaters, entertainment, Tampa Bay, and the beautiful Gulf Beaches. This charming triplex has seen numerous updates since 2019, including remodeled kitchens, newer appliances, updated windows, fresh paint, washer and dryer hookups, and more. Units A and B are spacious 1-bedroom, 1-bath units located at the front of the property, featuring a welcoming covered front porch full of character and charm. Built in 1949, these units showcase timeless details such as coved ceilings and arched doorways. Unit A offers original hardwood floors, while Unit B features ceramic tile flooring. HVAC replaced in 2017. Unit C, located at the rear of the property with convenient alley access, was newly converted in 2019 into a stylish studio apartment featuring a combined living and sleeping area, eat-in kitchen, and full bathroom. Situated on a desirable corner lot, the property offers on-site parking plus shared tenant storage space in the remaining garage area. Current and projected rental information: * Unit A projected market rent of approximately $2,000/month. * Unit B currently rented at $1,600/month on a month-to-month lease with projected market rent of approximately $2,000/month. * Unit C is currently vacant with projected market rent of approximately $1,700/month. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the others, this property offers incredible income potential in one of the most desirable areas of St. Petersburg. These units are in excellent condition, full of charm, block construction and perfectly located minutes to Downtown St Pete!

1500 30th Avenue N, St Petersburg

$1,485,000

6 Beds ⋅ 6 Baths ⋅ Barnards Sub D E SubDv. ⋅ 33704 Zip Code

Looking to add to your portfolio?!? Live in one unit while generating substantial income from the others, create a multi-generational living arrangement, co-own with family or friends, or fully lease the property and capitalize on strong demand in one of St Pete's most desirable rental markets. Estimated gross rental income of $10,000 per month when fully leased. in the highly sought-after 5 Points neighborhood of St. Petersburg, this exceptional four-unit multi-family property offers a rare investment opportunity just steps from The Fresh Market and The Body Electric Yoga Company. The property features a versatile mix of updated units with strong income potential, off-street parking, private outdoor spaces, and major capital improvements already completed. Unit 1 is a renovated 2-bedroom, 1-bath single-family-style residence featuring a large fully fenced side yard, off-street parking pad, updated kitchen and bath, living and dining rooms, stainless steel appliances, quartz countertops, tile flooring, new AC, and fresh interior/exterior paint. Separately metered with shared laundry and option to add in-unit laundry. Unit 2 is a spacious two-story townhouse-style unit offering 2 bedrooms, 2.5 baths, plus a large bonus room that could function as a third bedroom. Features include updated kitchen and baths, indoor laundry, additional garage laundry hookup, attached 2-car garage with private side street entrance, oversized driveway, storage shed, and large fenced yard. Finished with stainless steel appliances, quartz countertops, vinyl flooring, new AC, and fresh interior/exterior paint. Separately metered. Unit 3 is a 1-bedroom efficiency/studio unit with dedicated living space, tile flooring throughout, one off-street parking space, and shared patio area. Kitchen and bath are functional with opportunity for future updates. Wall unit AC. Ideal setup for traveling nurse, short-term rental, or supplemental income opportunity. Includes access to on-site coin-operated laundry. Electric is shared with Unit 2. Unit 4, known as the “Treehouse,” is a charming 1-bedroom, 1-bath upstairs unit with private living space and stair access. Features include updated kitchen and bath, stainless steel appliances, quartz countertops, refinished hardwood flooring, tile in wet areas, two new mini-split AC systems, and two dedicated off-street parking spaces. Separately metered with access to on-site coin-operated laundry. Additional improvements include a brand-new roof, new AC systems, new fencing, fresh interior and exterior paint throughout, brand-new sod, and irrigation system. Tenant-paid utilities help minimize owner expenses. A turnkey opportunity in one of St. Pete’s most desirable neighborhoods with excellent flexibility for long-term, short-term, or owner-occupant investment strategies.

3030 5th Street N, St Petersburg

$599,999

8 Beds ⋅ 4 Baths ⋅ Cromwell Heights SubDv. ⋅ 33705 Zip Code

4-Unit Investment Property – Strong Cash Flow + Upside Potential Fantastic opportunity to own an updated, income-producing multi-family property just minutes from St. Petersburg. This large, two-story building features 4 identical units, each offering 2 bedrooms and 1 bathroom, with two units upstairs and two downstairs. The property has been renovated in 2025, with updated interiors and a freshly painted exterior, providing a no-deferred-maintenance investment. Each unit is in great condition, making this a turnkey asset ready for immediate cash flow. Currently generating $5,400/month (3 units at $1,400 and 1 unit at $1,200), this property already cash flows well, with future rent increase potential to further boost returns.Situated on a large lot, the property offers ample parking in both the front and rear, along with a fully fenced yard for added privacy and security. Located in a quiet residential neighborhood, yet just minutes from downtown and with quick access to I-275, this location is highly attractive to tenants.

1033 19th Avenue S, St Petersburg

$445,000

4 Beds ⋅ 4 Baths ⋅ Washington Terrace SubDv. ⋅ 33702 Zip Code

Excellent investment opportunity in a convenient St. Petersburg location! This well-maintained concrete block duplex features two spacious 2-bedroom, 2-bath units, each offering an inside utility room with laundry facilities and private yard space. Interior finishes include porcelain tile and luxury vinyl flooring, and Unit 2985 has a recently installed A/C system. Each unit is separately metered for utilities, with tenants responsible for electricity and water, helping simplify management and control operating expenses. Built in 1984, the property offers durable concrete block construction, ample on-site parking, and is located in a non-flood zone where flood insurance is currently not required. Conveniently positioned between I-275 and US-19, the property provides easy access throughout St. Petersburg and to Tampa and Clearwater. Downtown St. Petersburg, the St. Pete Pier, waterfront dining, museums, shopping and entertainment are just minutes away. Sawgrass Lake Park and Crescent Lake Park are also nearby, while the Gulf beaches, St. Pete-Clearwater International Airport and Tampa International Airport are all within easy reach. An excellent opportunity for investors or owner-occupants—add a solid income-producing property to your portfolio, or live in one unit while generating rental income from the other. With two separate 2-bedroom, 2-bath units, private outdoor spaces, separate utilities and a central St. Petersburg location, this versatile duplex offers flexibility today and excellent long-term potential.

2983 62nd Avenue N, St Petersburg

$765,000

Nortons Sub SubDv. ⋅ 33701 Zip Code

Prime development opportunity located in the vibrant heart of DTSP. This 4,300+ SF parcel offers exceptional walkability and immediate access to some of the city's most desirable amenities and lifestyle destinations. Only a half mile from Tropicana Field and the booming Edge District, and just a mile from the iconic St. Pete Pier, residents are sure to enjoy effortless access to dining, entertainment, retail, and cultural attractions. Zoned DC-2 zoning & offers significant development potential, supporting mixed-use projects with a Floor Area Ratio (FAR base of 3.0 with a bonus FAR of up to 7.0 with public hearing. The district allows for a mix of office, retail, residential, creating a dynamic & desirable Urban Environment.

610 4th Avenue S, St Petersburg

$789,000

5 Beds ⋅ 4 Baths ⋅ Bayboro SubDv. ⋅ 33701 Zip Code

Price reduced Investor Opportunity in Old Southeast. Fully renovated Triplex, plus vacant detached garage Near downtown St Petersburg and Tampa Bay. Turnkey income property in one of St. Petersburg’s most desirable historic neighborhoods, Old Southeast. Just blocks from Lassing Park and Tampa Bay, this fully renovated triplex offers strong rental appeal and long-term appreciation potential AND not in a flood zone!! Property Highlights: Three Units with possibility of creating additional income by dividing the 23' x 22' detached garage into 2 or 3 rentable spaces with alley entrance. First floor is a beautifully updated 3BR/2BA main residence with bonus office and welcoming front enclosed and air conditioned porch. Upstairs are two, fully updated 1BR/1BA apartments, each with living rooms, bedrooms and private balcony. Extensive Updates include: New impact windows & doors 2023, Roof 2015, Luxury vinyl flooring throughout, Fully updated and modern kitchens & baths, New tankless water heaters, Ceiling fans and so much more. Shop the competition and then expect to be astonished at this beautiful and affordable property. Street and alley entrance parking will comfortably accommodate 4 vehicles. Your tenants will enjoy the private back patio and easy access laundry area. With flexible space and rental options, this triplex is ideal for long or seasonal term as allowed by the City (Not AirBNB approved) or owner-occupant with supplemental income, this property checks all the boxes for cash flow and lifestyle. Looking for multigenerational home? This home could be modified to a single family residence with separate living areas for family members independence!! Location, location, location!!! Prime location near downtown’s, very vibrant and culturally rich culinary, arts, sports, museums, college and hospitals. Home of the St Pete Grand Prix, the Rowdies and the Rays as well as other waterfront attractions makes this a high demand rental asset in high demand. THIS TRIPLEX IS NOT LOCATED IN A FLOOD ZONE. Fall in love with this affordable, vintage, fully updated charmer in desirable Old Southeast. Heated SF is public record. Total SF includes detached garage added to public record. Tenant occupied and showings are challenging.

127 17th Avenue S, St Petersburg

$515,000

6 Beds ⋅ 5 Baths ⋅ Harris Pioneer Sub SubDv. ⋅ 33714 Zip Code

Excellent investment opportunity in the heart of St. Petersburg! This multifamily property features 3 units fully rented, offering steady income potential.

5901 28th Street N, St Petersburg

$750,000

6 Beds ⋅ 4 Baths ⋅ Fullers Sub SubDv. ⋅ 33713 Zip Code

Historic Kenwood Quadruplex Investment | Walk to Grand Central & Downtown. Located at 1846 2nd Ave N, St. Petersburg, FL 33713, this rare 1921 Craftsman Quadruplex in highly sought-after Historic Kenwood offers the perfect blend of historic charm and income-producing potential. Featuring 3 one-bedroom/one-bath units and 1 three-bedroom/one-bath unit, totaling 2,622 sq ft, this multi-family property sits on a generous 60x80 lot with a 2-car garage and always, plenty of street parking. Positioned in Flood Zone X (non-evacuation zone) with new impact windows, new premium vinyl siding, and central A/C in all 4 units — no wall or window units, this is a turnkey opportunity with upside. Zoned Multi-Family (10 units or less), ideal for a 1031 exchange, house hacking (“live in one, rent the others”), or long-term portfolio hold. Each unit is individually metered for electricity and gas. The landlord pays for water. Walk or bike to Grand Central District, the Edge District, and Downtown St. Pete — minutes from Central Avenue dining, breweries, museums, waterfront parks, and vibrant nightlife. Enjoy oak-lined streets, hex paver sidewalks, and one of Florida’s highest concentrations of historic bungalows in this nationally recognized and designated Arts district. Opportunities like this in the Historic Kenwood are rare. Invest where lifestyle and income meet. Call today.

1846 2nd Avenue N, St Petersburg

$779,000

8 Beds ⋅ 8 Baths ⋅ Seminary Heights SubDv. ⋅ 33704 Zip Code

This beautifully updated duplex blends timeless St. Petersburg charm with the confidence of modern upgrades, creating a rare opportunity in an exceptional location. Each unit is spacious 2 bed 2 bath plus office and filled with historic character, thoughtfully enhanced with all new plumbing, electrical, HVAC, and impact windows—offering peace of mind and long-term value. Both apartments feature stylish, updated kitchens with all-wood cabinetry, granite countertops, and stainless steel appliances, combining function and design. In-unit laundry adds everyday convenience, while the large primary suites provide a comfortable retreat at the end of the day. Ideally located just minutes from downtown St. Pete, dining, shopping, parks, and major corridors, this property offers easy access to everything the city has to offer. Whether you’re looking to live in one unit and rent the other or add a turnkey property to your portfolio, this duplex delivers space, style, and location—all in one. A rare find that truly captures the best of classic charm and modern living in the heart of St. Petersburg.

781 31st Avenue N, St Petersburg

$457,000

4 Beds ⋅ 4 Baths ⋅ 33714 Zip Code

Hard-to-find turnkey cash-cow triplex in a peaceful, rapidly appreciating pocket of St. Pete. The owner’s early retirement offers you the rare chance to snatch up this well-maintained income-producing triplex for well below market value. Live in one of the three spacious units: one 2-bed/2-bath and two 1-bed/1-baths, and rent the others out for ample passive income. So what makes this place so special? 1) All units well maintained with absolutely no major issues. Cosmetic repairs recently made where needed. 2) Oversized .25 acres lot with plenty of space for parking. Large space between buildings with potential to add a 4th unit. 3). Long term tenants in place - two units on leases, one month to month. 4) High and dry elevated lot, unaffected by recent storms. Non-flood zone. 5) Quiet low-traffic street in a great location. Close to shopping, dining, schools, and entertainment. Just minutes from major highways and commuter routes, 10 minutes from downtown St. Pete, and seconds from the beautiful Sawgrass Lake Park, featuring walking trails, elevated boardwalks, wildlife viewing, and more. Investor notes: LTR: 3,100 / mo current, 3,500 - 3,700 potential w/o updates. Very little nearby competition. Low-maintenance, income-producing, and no storm damage. Easy to show. No HOA/CDD. Feel free to soft pitch before writing anything up. MLS info sheet and disclosures available. No assignable contracts accepted.

5910 31st Street N, St Petersburg

$2,900,000

23 Beds ⋅ 26 Baths ⋅ Bon Air SubDv. ⋅ 33705 Zip Code

Value add portfolio of 18 Units in Downtown St Petersburg including 6 houes, 1 quads, 4 duplexes. 100% occupied with high rents with annual gross of $323,604.Also included in the sale would the lots located between units 610 14th Street and 544 14th St N where you can build additional units. Fantastic location located right next to Baycare's St Anthonys hospital. Property stays consistently occupied due to it's downtown location and proximity to the hospital. Perfect investment to do improvements and increase rents. Rents are 15-20% below market with 60 day termination clauses. Currently going through zoning change to allow more density.

540 14th Street N, St Petersburg

$1,015,900

5 Beds ⋅ 6 Baths ⋅ Wildwood Sub SubDv. ⋅ 33712 Zip Code

Motivated Sellers! HOME WARRANTIES included on the existing units and located in a NO FLOOD ZONE, this rare MULTIFAMILY INVESTMENT PROPERTY in ST. PETERSBURG, FLORIDA offers the perfect combination of IMMEDIATE CASH FLOW and APPROVED DEVELOPMENT OPPORTUNITY. Situated on approximately 3.5 CORNER LOTS, this unique property includes FOUR FULLY OCCUPIED RENTAL UNITS across three separate buildings, featuring a 3-BEDROOM, 2-BATH SINGLE-FAMILY HOME, a 2-BEDROOM, 2-BATH SINGLE-FAMILY HOME, and TWO REMODELED STUDIO APARTMENTS, all extensively updated in 2022 with NEW ROOFS, UPDATED KITCHENS, MODERN FLOORING, NEW DOORS, TRIM, PAINT, AND INTERIOR FINISHES, plus NEW LANDSCAPING completed in 2025. Also included is the parcel at 1416 28TH AVE S, where the previous five-unit building was professionally demolished with permits, including asbestos remediation, and the property has already been REZONED AND APPROVED FOR UP TO 13 RESIDENTIAL UNITS, allowing investors and developers to collect rental income while planning their next project. Located just minutes from DOWNTOWN ST. PETERSBURG, CENTRAL AVENUE, the WAREHOUSE ARTS DISTRICT, the TROPICANA FIELD REDEVELOPMENT, I-275, and the GULF BEACHES, this property is surrounded by NEW CONSTRUCTION, thriving businesses, and one of the area's strongest RENTAL MARKETS. Whether you're searching for a MULTIFAMILY PROPERTY, INCOME-PRODUCING INVESTMENT, REDEVELOPMENT OPPORTUNITY, VALUE-ADD PROJECT, or a COMMERCIAL RESIDENTIAL DEVELOPMENT SITE, this exceptional offering delivers STRONG CASH FLOW, LONG-TERM APPRECIATION, and outstanding upside in one of ST. PETERSBURG'S FASTEST-GROWING LOCATIONS.

2722 14th Avenue S, St Petersburg

$1,225,000

Parklane Condo SubDv. ⋅ 33703 Zip Code

Introducing a highly sought-after multifamily investment opportunity located in the Parklane Condominiums of St. Petersburg that are well-performing, and in a professionally managed community with a stable tenant base and strong market fundamentals. This 13-unit portfolio consists of eleven 1-bedroom units and two 2-bedroom units, with full occupancy and reliable rental performance. Situated just off the 4th Street corridor and minutes from downtown, the property benefits from excellent connectivity to I-275, vibrant employment centers, retail corridors, and public transit lines. The asset operates under a condominium regime with HOA coverage that includes exterior maintenance, roofing, landscaping, pool service, water, sewer, trash, and cable, which significantly reduces operational burden and creates an attractive management-light investment structure. The fenced grounds, mature landscaping, and community amenities including a pool and gazebo, provide long-term stability and tenant retention. With projected gross rents surpassing $15,000 monthly and consistent historical occupancy, this portfolio is well-positioned for institutional or private capital seeking a scaled, income-producing asset with limited turnover and strong cash-on-cash performance in one of Tampa Bay's fastest-growing submarkets. Owner willing to sell off bundles of units.

335 47th Avenue N, St Petersburg

$1,225,000

Parklane Condo SubDv. ⋅ 33703 Zip Code

For the investor seeking immediate income and future upside, this 13-unit income-producing portfolio in the Parklane Condominiums offers an exceptional blend of stability, location, and scale. The mix consists of eleven one-bedroom units and two two-bedroom units, and gross rental potential exceeding $15,000/monthly. The property is situated in a high-demand rental corridor just minutes from downtown St. Petersburg, with direct access to I-275, 4th Street, major employers, and public transportation. Parklane has had consistent demand and minimal vacancy. The portfolio benefits from an investor-friendly HOA structure that covers nearly all exterior operational costs, including maintenance, roof reserves, pool service, water, sewer, trash, cable, and landscaping, providing a passive ownership profile with reduced management complexity. Tenants enjoy a gated, well-maintained community with a shared pool, green space, and common areas that promote long-term retention. Whether you are expanding an existing portfolio or executing a 1031 exchange, this stabilized asset offers immediate income, operational efficiency, and strong fundamentals in a rapidly appreciating urban market. Owner willing to sell off bundles of units.

335 47th Avenue N, St Petersburg

$2,800,000

33 Beds ⋅ 33 Baths ⋅ Fullers Sub SubDv. ⋅ 33713 Zip Code

Pre-Construction. To be built. Pre-Construction. To be built. INCREDIBLE SITE AND PLAN APPROVED, ground up construction, multi family opportunity. Located in one of the HOTTEST rent districts in the Tampa/St Pete area, as well as being a top ranked location in Forbes magazine. Walking distance to all the best restaurants, the pier, bars, local art galleries, and all the bay area has to offer! This desirable location is called the Edge District of downtown St Pete. Don't forget you are also just miles away from the TOP TWO out of three ranked beaches in the country. Architectural plans and construction bids available upon request. 33 New Construction Rental Apartments with high rent yields. Seller is looking to sell interest in land for 3.3 million. Construction bids are approximately 7 million

1750 2nd Avenue N, St Petersburg

$2,800,000

33713 Zip Code

Pre-Construction. To be built. INCREDIBLE SITE AND PLAN APPROVED, ground up construction, multi family opportunity. Located in one of the HOTTEST rent districts in the Tampa/St Pete area, as well as being a top ranked location in Forbes magazine. Walking distance to all the best restaurants, the pier, bars, local art galleries, and all the bay area has to offer! This desirable location is called the Edge District of downtown St Pete. Don't forget you are also just miles away from the TOP TWO out of three ranked beaches in the country. Architectural plans and construction bids available upon request. 33 New Construction Rental Apartments with high rent yields. Seller is looking to sell interest in land for 2.8 million. Construction bids are approximately 6.66 million.

1750 Second Avenue N, St Petersburg

St. Petersburg Multi-Family Properties for Sale

Newest St. Petersburg Multi-Family Homes for Sale

How much is your home worth?

How much is your home worth?