$1,200,000
Active255 6th Ave N, St Petersburg, FL 33701
3,234 sq ft
Listing courtesy of SUNSHINEAGLE LLC · MLS# TB8522549
127 days on market
Refreshed from the Stellar MLS feed . This listing’s MLS record last changed .
About this property
One of Downtown St. Petersburg's rarest income opportunities — a historic 1925 six-unit wood-frame building nestled steps from the coveted Historic Old Northeast neighborhood in Flood Zone X. The two-story building offers 5 one-bedroom/one-bath units plus an efficiency, all individually metered for electric. A 2021 roof replacement is already complete. Current rents are significantly below appraiser-concluded market value, presenting immediate income upside through stabilization. Grandfathered six-unit density under NT-2 zoning protects a use that simply cannot be replicated with new construction in this submarket. Value-add investors will find a compelling rent-up story, strong tenant demand, and a premium location that commands quality tenants with minimal concessions. A true value-add opportunity in a market that rarely offers one.
Facts
- Property type
- Multi-Family 5+
- Year built
- 1925
- Flood zone
- X
- Annual taxes
- $12,135/yr
- Listed
- Jun 23, 2026
- MLS #
- TB8522549
Commercial details
Building & site
- Building size
- 3,345 SF
- Lot size
- 0.08 acres (3,494 SF)
- Zoning
- MULTI-FAM
- Ceiling height
- 8 to 9 Feet
- Road frontage
- City Street
- Buildings
- 1
- Occupancy
- Tenant-occupied
- Building features
- Bathrooms, Dumpsters, Fencing
Investor metrics
- Price per SF (MLS)
- $358.74/SF
- Cap rate
- 5.5%
- Net operating income
- $53,675/yr
- Gross income
- $94,285/yr
- Annual expenses
- $42,495/yr
- Units
- 6
As reported by the listing broker in the MLS. Not verified by Lasbury-Tracy Realty — confirm with the listing broker before relying on them. We never estimate a cap rate.
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255 6th Ave N, St Petersburg, FL 33701
Listing courtesy of SUNSHINEAGLE LLC · MLS# TB8522549 · Active
Where this property is
Opens on aerial — on this coast the canal, the lot and the neighbours answer more questions than a street grid does.
