4480 40TH STREET N, ST PETERSBURG, FL 33714

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$1,100,000

bedrooms

bathrooms

square feet

4,954

Acreage

0.93

Open Houses

year built

1969

Full Baths

Half Baths

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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.

Location
Subdivision	520000-520000
County	Pinellas
Elementary School	New Heights Elementary-PN
Middle School	Tyrone Middle-PN
High School	St. Petersburg High-PN

Driving directions

Open houses

None scheduled.

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MLS number: TB8367052

Listing agent: Jodi Avery #604183

Listing broker: Garnik, Llc Dba Keller Williams Realty (727) 772-0772

Copyright © 2025 Pinellas Suncoast Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Monday, April 14 2025 at 8:02 p.m. EDT

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