St Petersburg, FL 33714,4480 40TH ST N

$950,000

$1,075,000

11.6%
Est.Price: ?

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Est. payment /mo

11 Beds

19 Baths

4,954 SqFt


SOLD DATE : 07/24/2025

Key Details

Sold Price $950,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 4,954 sqft

Price per Sqft $191

Subdivision 520000-520000

MLS Listing ID TB8367052

Sold Date 07/24/25

Bedrooms 11

HOA Y/N No

Year Built 1969

Annual Tax Amount $11,982

Lot Size 0.930 Acres

Acres 0.93

Lot Dimensions 150x265

Property Sub-Type Multi Family

Source Stellar MLS

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.

Location

State FL

County Pinellas

Community 520000-520000

Area 33714 - St Pete

Zoning R-4

Direction N

Interior

Interior Features Ceiling Fans(s), Eat-in Kitchen, Primary Bedroom Main Floor

Heating Ductless

Cooling Wall/Window Unit(s)

Flooring Linoleum, Tile, Wood

Fireplace false

Laundry None

Exterior

Exterior Feature Storage

Utilities Available BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Public, Sewer Connected, Water Connected

View Trees/Woods

Roof Type Shingle

Porch Front Porch, Screened

Garage false

Private Pool No

Building

Lot Description Level, Paved

Foundation Concrete Perimeter

Lot Size Range 1/2 to less than 1

Sewer Public Sewer

Water Public

Structure Type Block,Stucco,Frame

New Construction false

Schools

Elementary Schools New Heights Elementary-Pn

Middle Schools Tyrone Middle-Pn

High Schools St. Petersburg High-Pn

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Shane Vanderson

Shane Vanderson

Engel & Völkers South Tampa

+1(813) 205-5430

Our team is ready to help you sell your home for the highest possible price ASAP


Stellar MLS
Listed by KELLER WILLIAMS REALTY- PALM H
Bought with COMPASS FLORIDA LLC
agent

Shane Vanderson

License Partner · Broker Associate | License ID: BK3255966

+1(813) 205-5430

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