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

6 Beds ⋅ 4 Baths ⋅ Lewis Island Sec 3 SubDv. ⋅ 33705 Zip Code

Income-producing duplex opportunity in St. Petersburg. Comes with Americas Preferred 1 Year Home Warranty. This solid concrete block multi-family property features two spacious 3-bedroom, 2-bathroom units, offering strong rental appeal in a high-demand area for both long-term tenants and investors. Each unit provides a functional layout with updated flooring, refreshed kitchens with stone countertops and tile backsplash, and renovated bathrooms with modern subway tile finishes. Large windows bring in natural light, creating comfortable and attractive living spaces for tenants. The property offers approximately 2,140 square feet of heated living space and sits on a 75 x 90 lot in the Lewis Island area, just minutes from downtown St. Petersburg, waterfront parks, shopping, dining, and major commuter routes. Central air conditioning adds to tenant comfort and long-term rental stability. With two large 3-bedroom units, this property provides strong income potential and flexibility for investors seeking cash flow, portfolio expansion, or a house-hack opportunity by living in one unit and renting the other. St. Petersburg continues to see strong rental demand, making this a compelling opportunity to acquire a multi-family property in a growing market. **Each unit has its own meters (water and electric) Seller is not interested in owner/seller financing type offers.

245 - 247 38th Avenue Se, St Petersburg

$549,999

6 Beds ⋅ 9 Baths ⋅ Grand View Park SubDv. ⋅ 33705 Zip Code

PRICE JUST IMPROVED. Opportunities like this in South St. Pete are moving quickly, do not miss your chance to secure this value. Welcome to 626 37th Avenue South, a standout opportunity in the heart of vibrant South St. Pete. Perfectly positioned just minutes from award-winning waterfront parks, eclectic dining, and the energy of downtown St. Petersburg, this property blends location, flexibility, and serious income potential. This versatile residence offers endless possibilities for investors, house hackers, or buyers seeking a primary home with revenue upside. Whether you are expanding your portfolio or looking for a property that works for you, this one delivers. The layout provides comfortable living spaces filled with natural light, functional flow, and room to maximize both short and long term rental strategies (buyer to verify local regulations). Situated in rapidly growing South St. Pete, you are close to world-class beaches, major commuter routes, and the cultural hub of downtown, including the iconic St. Pete Pier, boutique shopping, breweries, and waterfront parks. Demand for rentals in this area continues to surge due to proximity to hospitals, universities, and tourism drivers. With strong area rental demand, flexible usage options, and now an enhanced value proposition with a price improvement and buyer concession, this property presents a rare chance to generate significant cash flow in one of Tampa Bay’s most desirable and appreciating markets. Whether you are looking to live, lease, or hold for long term appreciation, this is an opportunity you do not want to miss. Schedule your private showing today. Act quickly to take advantage of this limited time value opportunity in thriving South St. Pete.

St Petersburg

$439,000

2 Beds ⋅ 3 Baths ⋅ Grove Park Vista Sub SubDv. ⋅ 33714 Zip Code

2753 53rd Ave N is a unique opportunity to own a stabilized 3 unit multi-family apartment complex in the rapidly growing Saint Petersburg area with substantial room for growth. With great proximity to Pinellas Park, St. Petersburg Beaches and Downtown St. Petersburg, 2753 53rd Ave N is centrally located to all of those areas. Ownership spent over 60k in CapEx including new roof, exterior paint, and landscaping. Interior renovations include new luxury vinyl flooring, shaker cabinets, quartz countertops, and stainless steel appliances. Current Rent Roll: $4,690.00 Unit Mix: 2 - 1/1 and 1 - Studio/1. Enjoy a strong cashflow right from the start and let the property appreciate.

2753 53rd Avenue N, St Petersburg

$550,000

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

$799,000

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

$363,500

Kerr Add SubDv. ⋅ 33701 Zip Code

Opportunities like this are rare. Nestled on a picturesque brick lined street in the heart of Bartlett Park, this beautifully updated duplex presents an ideal house-hacking opportunity or a strong addition to an investment portfolio. Both units are currently tenant-occupied on month-to-month leases, providing immediate rental income while offering flexibility for an owner-occupant to move in and help offset housing expenses with rental income from the second unit. Thoughtful updates and a functional, well-designed floor plan make the property equally appealing to owners and tenants. Just minutes from Downtown St. Petersburg, award winning restaurants, entertainment, and the area’s renowned beaches, the location continues to attract strong tenant demand. With ongoing development and neighborhood growth surrounding Bartlett Park, this classic duplex delivers charm, cash flow, and long-term upside.

610 16th Avenue S, St Petersburg

$379,700

4 Beds ⋅ 2 Baths ⋅ Brunsons Add 4 Blk A Sub SubDv. ⋅ 33713 Zip Code

Virtually Staged. Well-located income opportunity in central St. Petersburg. This multi-family property offers two separate units, making it ideal for investors or owner-occupants seeking rental income. Situated on a quiet street with convenient access to downtown St. Pete, I-275, beaches, shopping, and dining. The property features a functional layout, ample natural light, and solid bones with value-add potential. A strong option for long-term rental, short-term strategies (verify local regulations), or future improvement in a rapidly appreciating area. Don’t miss this opportunity in the heart of Pinellas County.

2140 22nd Avenue N, St Petersburg

$899,900

6 Beds ⋅ 4 Baths ⋅ Baybridge Heights SubDv. ⋅ 33702 Zip Code

Exceptional opportunity to own a single-level, garden-style quadplex in highly desirable North St. Petersburg with quick access to I-275, Tampa, and Downtown St. Pete. This well-maintained multi-family property sits on two lots totaling 0.28 acres and features four units across two concrete block duplexes, offering durability, curb appeal, and long-term value. The eastern duplex consists of two spacious 2-bedroom, 1-bath units, each with approximately 904 living square feet plus front porches. The western duplex offers two 1-bedroom, 1-bath units, each with approximately 644 living square feet with both front and rear porches. Three units are currently tenant-occupied, providing immediate income with upside potential. Major capital improvements include brand-new hurricane impact-rated windows and doors throughout, along with new roofs and gutters installed in June 2024. The property features fresh landscaping, artificial turf, and an irrigation system, creating a clean, low-maintenance exterior. The site sits high and dry and has never experienced flooding. Utility setup is investor-friendly: the eastern duplex has separate water, sewer, and trash accounts for each unit, while the western duplex is on a single W/S/T account. All four units have individual electrical meters. Additional amenities include a large storage room, a separate coin-operated laundry room with tenant cabinets, and a large rear parking pad with carport accessed via the alley. A truly rare opportunity to acquire a turnkey, single-story multi-family property with significant recent upgrades in one of St. Petersburg’s most convenient and sought-after locations. Ideal for investors seeking stable income, future rent growth, and minimal deferred maintenance. Rental Breakdown: 534 93rd Ave N (2 bed, 1 bath) - $1,795 per month; 536 93rd Ave N (2 bed, 1 bath) - $1,695 per month; 544 93rd Ave N (1 bed, 1 bath) - $1,650 per month; 546 93rd Ave N (1 bed, 1 bath) - $1,450 per month.

544 93rd Avenue N, St Petersburg

$399,900

3 Beds ⋅ 2 Baths ⋅ Lewis & Burkhard SubDv. ⋅ 33713 Zip Code

Well-located duplex in the heart of St. Petersburg! Situated at 1208 17th St N, St. Petersburg, FL 33713, this income-producing property offers strong rental potential just minutes from downtown St. Pete, Central Ave, Crescent Lake, shopping, dining, and beaches. The upstairs unit was renovated approximately 5 years ago, featuring updated finishes and a move-in-ready layout. Both units have separate entrances and functional floor plans, making this an ideal opportunity for investors or owner-occupants. Convenient access to major roadways, employment centers, and public transit. Rare chance to own a duplex in a high-demand St. Pete location.

1208 17th St N, St Petersburg

$650,000

5 Beds ⋅ 3 Baths ⋅ Mathis SubDv. ⋅ 33701 Zip Code

Located on a quiet, tree-lined street in desirable Historic Uptown, this charming triplex offers an excellent opportunity for investors or owner-occupants. The property features three separate units consisting of a 2 bedroom, 1 bath unit downstairs, a 3 bedroom, 1 bath unit upstairs, and a studio apartment, providing strong rental flexibility and income potential. Ideally situated just minutes from Crescent Lake Park, Downtown St. Petersburg, popular restaurants, shopping, and cultural attractions, with convenient access to I-275 and both Tampa and St. Pete/Clearwater airports. Recent improvements include a new roof in 2023 along with fresh interior and exterior paint. A dedicated utility room is already set up for coin-operated washers and dryers, offering additional income opportunity. Natural gas is connected to the property. A rare chance to own a well-located multi-family property in one of St. Petersburg’s most sought-after neighborhoods.

1012 Granville Court N, St Petersburg

$1,199,000

8 Beds ⋅ 4 Baths ⋅ Summit Park SubDv. ⋅ 33704 Zip Code

Introducing Blue Pelican, a brand-new commercial-quality quadplex rebuilt from the studs up. Only portions of the exterior framing and slab remain—every other major component is new, including the electrical system and panels, plumbing, roof, HVAC, siding, impact-rated windows and doors, driveway, insulation, drywall, upscale kitchens and bathrooms, and all interior finishes. The property also features a commercial fire sprinkler system and a commercial fire alarm system, offering insurance advantages, enhanced safety, and long-term durability rarely found in small multifamily assets. The building lives more like a newly constructed boutique apartment building than a traditional four-unit. Each residence has been fully redesigned with modern layouts and high-end finishes, and one of the units is fully ADA compliant with an exterior wheelchair-accessible ramp. Additional upgrades such as designated bicycle parking and thoughtful site enhancements help ensure low-maintenance ownership for years to come. The owners are currently replicating this project with the mirror-image property next door at 3101 16th St N, which will be completed as “Green Pelican” and will match Blue Pelican in layout, quality, and commercial-grade upgrades, with the only difference being a Seafoam Green exterior. Once completed, this will enhance the overall appeal and value of Blue Pelican, and a future purchaser will have the opportunity to acquire both properties for a cohesive and highly attractive 8-unit investment. Fully leased the property will deliver a total monthly rental income of $8,825 plus an additional $200/month in reimbursement for water and trash, bringing the annual gross income to approximately $108,300. All units are separately metered for electric, creating an efficient and predictable utility structure. Given the complete redevelopment and commercial-grade systems, future capital expenditure needs are minimal. Based on typical operating metrics for a brand-new, impact-rated multifamily building in Florida, the projected NOI supports a strong cap rate at list price. With rental upside over time, the pro forma performance trends even stronger. Blue Pelican presents a rare opportunity to acquire a true turnkey, fully rebuilt income-producing asset with commercial-level construction quality, modern design, and stabilized rent roll—all in a growing, high-demand market near downtown St Pete and right around the corner from Crescent Lake.

3103 16th Street N, St Petersburg

$4,500,000

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

ENTIRE BLOCK FOR SALE. 1.67 acres including 14k sqft office buildling and value add 18 Units in Downtown St Petersburg. 100% occupied with high rents with annual gross of $323,604. Office buildling is presently vacant. Property consists of 4 two bedroom apartments, 4 single family two bedroom homes, 3 studio apartments and 7 one bedroom apartments. Also included in the sale would the lot located between units 610 14th Street and 544 14th St N. 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.

540 14th Street N, St Petersburg

$1,125,900

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

$1,250,000

Parklane Condo SubDv. ⋅ 33703 Zip Code

Introducing a highly sought-after multifamily investment opportunity located in the Parklane Condominiums of St. Petersburg&mdasha well-performing, 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.

335 47th Avenue N, St Petersburg

$1,250,000

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, FULLY LEASED, 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.

335 47th Avenue N, St Petersburg

$800,000

5 Beds ⋅ 5 Baths ⋅ Old Kentucky SubDv. ⋅ 33704 Zip Code

Excellent cash flowing and investment opportunity in St. Pete’s highly desirable Euclid neighborhood, known for its charming brick-lined streets. This unique offering features five total units across three buildings: a single-family bungalow, a triplex, and a detached efficiency, tiny home. The single family home located at the front of the property has 2 bedrooms and 1 bathroom. Behind the single family home sits the two story triplex building where each unit has 1 bedroom and 1 bathroom. The studio is located between the single family house and the triplex building with its own porch. Additional property highlights include a shared laundry room for tenants, a screened-in gazebo for storage, and ample off-street parking - an uncommon convenience in this area. Whether you choose to live in one unit and rent the rest or lease all five for maximum returns, this property is primed for strong passive income. Each unit has received several updates in 2025, and professional property management is already in place and willing to continue. Located less than 5 minutes from Downtown St. Pete and under 30 minutes to both Downtown Tampa and the Gulf Beaches, this property offers tenants the perfect balance of lifestyle and convenience, ensuring consistent demand and easy leasing.

1040 19th Avenue N, St Petersburg

$449,000

5 Beds ⋅ 2 Baths ⋅ Blackburns W S Sub SubDv. ⋅ 33712 Zip Code

**Income-Generating Duplex in Prime St. Petersburg Location** Units are currently vacant and ready for their new owner. Discover an exceptional investment opportunity at 1743 Yale St S, St. Petersburg, FL 33712. This fully renovated duplex comprises two separate units, offering a total of 5 bedrooms and 2 bathrooms. **Front Unit:** - **Size:** Approximately 1,180 sq. ft. - **Layout:** 3 bedrooms, 1 bathroom, full kitchen, living room, and dining area. - **Features:** Inside laundry with a washer and dryer. **Rear Unit:** - **Size:** Approximately 700 sq. ft. - **Layout:** 2 bedrooms, 1 bathroom, galley kitchen, and living room. **Property Highlights:** - **Renovations:** Completely remodeled in 2021, including a new roof, and new flooring throughout. - **Additional Upgrades:** New asphalt driveway, fully painted exterior, and termite tenting completed in 2021. - **Solar Panels:** The property is equipped with solar panels, will be paid off at signing. - **Parking:** Driveway and street parking available. **Location:** Conveniently situated near downtown St. Petersburg, offering easy access to restaurants, shops, and entertainment venues. Proximity to world-class beaches such as St. Pete Beach and Clearwater Beach, as well as Tampa and St. Pete-Clearwater International Airports, enhances its appeal. For Investors seeking a opportunity in a desirable location. Don't miss out on this chance to own a income-producing duplex in the heart of St. Petersburg.

1743 Yale Street S, St Petersburg

$990,000

7 Beds ⋅ 6 Baths ⋅ Casa Mia SubDv. ⋅ 33710 Zip Code

Turnkey Investment Opportunity: This is a fantastic opportunity for both new and seasoned investors. With a gross annual income of $69,000, it promises a stable and robust revenue stream. Modern Upgrades: This property boasts a slew of new updates: Brand new roofing ensures longevity and reduces maintenance worries. New state-of-the-art AC systems to provide comfort throughout the year. Modern appliances installed, ensuring convenience and adding to the property’s upscale appeal. Practically New: Although a triplex by design, it feels and functions as a brand-new building. All significant systems and appliances have been updated, ensuring minimal maintenance for years to come. Step into this fully renovated triplex, positioned perfectly in the heart of St. Petersburg. Every inch of this property has been meticulously updated, ensuring it stands out in the market. The contemporary finishes are not only aesthetically pleasing but are also of top-notch quality, ensuring durability. With a desirable location and remarkable renovations, this property is poised to be a lucrative investment for its future owner. Whether you're looking to expand your property portfolio or step into the real estate market is an unmatched opportunity.

5022 10th 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

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