4480 40th Street N, St Petersburg, FL 33714

$950,000
11
BD
19
BA
4,954
SqFt

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Sold Price
$950,000
List Price
$1,075,000
Status
Sold
Days on Market
29
Closing Date
Jul 24, 2025
MLS#
TB8367052
Property Style
Multi Family
Year Built
1969
Bedrooms
11
Bathrooms
19
Living Area
4,954
Lot Size
40,493
Acres
0.93
Total Acreage
1/2 to less than 1
Legal Subdivision Name
520000-520000
MLS Area Major
St Pete

Property Description

Multi-Unit Investor Opportunity on Shaded Lot with Rental Income Minutes from Downtown St. Pete. Tucked beneath a canopy of mature trees on a generously shaded lot, this unique multi-unit property is a rare opportunity for the savvy investor. It is just minutes from downtown St. Petersburg, I-275, and US-19. Featuring five duplexes, including studio and 1-bedroom units, each with its own screened-in front porch, and a separate 2-bedroom single-family home, this income-producing compound is full of potential. While the structures are currently occupied and livable, some units may benefit from cosmetic updates and TLC, making this an ideal value-add investment. The layout and variety of units lend themselves well to long-term tenants, short-term rentals, or a mixed-use strategy. A quiet setting with old-Florida charm, this property invites you to reimagine its future. Whether you're looking to renovate and increase rental income or hold as-is, this is a chance to own a rare collection of units on a beautiful shaded lot. See attached PDF for details.

Additional Information

Taxes
$11982
Location
Level, Paved
Community Features
No Deed Restriction
Zoning
R-4
Interior Layout
Ceiling Fans(s), Eat-in Kitchen, Primary Bedroom Main Floor
Interior Features
Ceiling Fans(s), Eat-in Kitchen, Primary Bedroom Main Floor
Floor
Linoleum, Tile, Wood
Utilities
BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Public, Sewer Connected, Water Connected
Heating
Ductless
Air Conditioning
Wall/Window Unit(s)
Exterior Construction
Block, Stucco, Frame
Exterior Features
Storage
Roof
Shingle
Foundation
Concrete Perimeter
Pool
No Pool
Garage Carport
5+ Car Carport
Elementary School
New Heights Elementary-Pn
Middle School
Tyrone Middle-Pn
High School
St. Petersburg High-PN
Flood Zone Code
X
Parcel ID
03-31-16-00000-310-2000
Legal Description
FROM NE COR OF SW 1/4 RUN S 360 FT (S) & W 30 FT FOR POB TH S 150 FT TH W 270 FT TH N 150 FT TH E 270 FT TO POB

Listing courtesy of KELLER WILLIAMS REALTY- PALM H. 727-772-0772

Selling Office: COMPASS FLORIDA LLC.

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