UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,288 sqft
Price per Sqft $391
Subdivision Euclid Grove 1St Add
MLS Listing ID TB8409497
Bedrooms 4
HOA Y/N No
Year Built 1925
Annual Tax Amount $10,678
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 47x104
Property Sub-Type Quadruplex
Source Stellar MLS
Property Description
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!
Location
State FL
County Pinellas
Community Euclid Grove 1St Add
Area 33704 - St Pete/Euclid
Direction N
Interior
Interior Features Thermostat
Heating Electric
Cooling Ductless
Fireplace false
Laundry Inside
Exterior
Exterior Feature Courtyard
Utilities Available Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
Roof Type Membrane
Garage false
Private Pool No
Building
Entry Level Two
Foundation Crawlspace
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding,Frame
New Construction false
Schools
Elementary Schools Woodlawn Elementary-Pn
Middle Schools John Hopkins Middle-Pn
High Schools St. Petersburg High-Pn
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8409497
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