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.
Sold for $950,000
$950,000
4480 40TH STREET N, ST PETERSBURG, FL 33714
7beds
11baths
4,954sqft
Multi Family
Built in 1969
-- sqft lot
$-- Zestimate®
$192/sqft
$2,811 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,811/mo
Zestimate® history
Owner options
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$2,811/mo
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$2,811/mo
Rent Zestimate®
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$6,479/mo
Est. payment
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$6,479/mo
Est. payment
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List your homeWhat's special
Mature treesScreened-in front porchShaded lotBeautiful shaded lot
Zillow last checked:
Listing updated:
Listed by:
Jodi Avery 727-238-9660,
KELLER WILLIAMS REALTY- PALM H 727-772-0772
Bought with:
Peter Arner, 3454210
COMPASS FLORIDA LLC
Source: Stellar MLS,MLS#: TB8367052
Originating MLS: Suncoast Tampa
Originating MLS: Suncoast Tampa
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 11
Heating
- Wall Units / Window Unit
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: None
Features
- Ceiling Fan(s), Eating Space In Kitchen, Primary Bedroom Main Floor
- Flooring: Linoleum, Tile, Hardwood
- Has fireplace: No
Interior area
- Total interior livable area: 4,954 sqft
Property
Parking
- Total spaces: 6
- Parking features: Carport
- Carport spaces: 6
Features
- Patio & porch: Front Porch, Screened
- Exterior features: Storage
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 0.93 Acres
- Dimensions: 150 x 265
- Features: Level
Details
- Parcel number: 033116000003102000
- Zoning: R-4
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Block, Stucco, Wood Frame
- Foundation: Concrete Perimeter
- Roof: Shingle
Condition
- New construction: No
- Year built: 1969
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Public, Sewer Connected, Water Connected
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: 520000-520000
HOA
- Has HOA: No
Location
- Region: Saint Petersburg
Financial & listing details
- Price per square foot: $192/sqft
- Tax assessed value: $550,000
- Annual tax amount: $11,982
- Date on market: 4/8/2025
- Cumulative days on market: 29 days
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Total actual rent: 0
- Tenant pays: Electricity, Water
- Electric utility on property: Yes
- Road surface type: Paved, Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 7/24/2025 | Sold | $950,000-11.6%$192/sqft |
Source:  Stellar MLS #TB8367052 Report a problem | ||
| 5/7/2025 | Pending sale | $1,075,000$217/sqft |
Source: Stellar MLS #TB8367052 Report a problem | ||
| 4/30/2025 | Price change | $1,075,000-2.3%$217/sqft |
Source: Stellar MLS #TB8367052 Report a problem | ||
| 4/8/2025 | Listed for sale | $1,100,000+193.3%$222/sqft |
Source: Stellar MLS #TB8367052 Report a problem | ||
| 3/11/2005 | Sold | $375,000$76/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $11,983 +0.8% | $550,000 +3.5% |
| 2023 | $11,893 +5.5% | $531,468 +10% |
| 2022 | $11,270 +4.9% | $483,153 +10% |
| 2021 | $10,740 +6.6% | $439,230 +10% |
| 2020 | $10,077 +9.6% | $399,300 +10% |
| 2019 | $9,197 | $363,000 +8.4% |
| 2018 | $9,197 +12.5% | $335,000 +11.7% |
| 2017 | $8,177 +19.3% | $300,000 +6.8% |
| 2016 | $6,855 +3.5% | $281,000 +6% |
| 2015 | $6,621 +7.3% | $265,000 +6.1% |
| 2014 | $6,173 +9.4% | $249,800 +13.5% |
| 2013 | $5,644 | $220,000 -4.3% |
| 2011 | -- | $230,000 -13.2% |
| 2009 | -- | $265,000 -13.1% |
| 2008 | $6,870 | $305,000 -6.2% |
| 2007 | -- | $325,000 +18.2% |
| 2005 | -- | $275,000 +44.7% |
| 2002 | $4,291 | $190,000 |
Find assessor info on the county website
Neighborhood: West and East Lealman
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Nearby schools
GreatSchools rating
- 7/10New Heights Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 7/10Tyrone Middle SchoolGrades: 6-8Distance: 2.7 mi
- 6/10St. Petersburg High SchoolGrades: 9-12Distance: 2.7 mi
Schools provided by the listing agent
- Elementary: New Heights Elementary-PN
- Middle: Tyrone Middle-PN
- High: St. Petersburg High-PN
Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Florida
- Pinellas County
- Saint Petersburg
- 33714
- West and East Lealman
- 4480 40TH STREET N
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