INVESTOR ALERT! 3 RENTED UNITS | $5,802/MO RENT | NEW ROOF, A/C & WATER HEATERS!
**Opportunity is knocking in St. Petersburg!**
This income-producing multi-family property features **three rented units**, established rental income, and major recent upgrades.
**Unit A:** 3/1 — $1,900/mo — 1-year lease, recently renewed
**Unit B:** 2/1 — $1,902/mo — approximately 8 months remaining
**Unit C:** 2/1 — $2,000/mo — month-to-month
**Recent Upgrades:** New roof (2023), new A/C (2023), new water heaters (2023), plus plumbing and electrical updates (2018).
**Current Expenses:** Property taxes $5,958.54/year; insurance approximately $4,000/year; electricity approximately $3,360/year; water approximately $2,160/year. Repairs and maintenance are variable.
Owner currently pays water and electricity for the **two rear apartments**. Tenant in the main house pays their own utilities.
With **three occupied units and $5,802 in current monthly rental income**, this property offers an established income stream with significant improvements already completed. Schedule your showing today!**
**Opportunity is knocking in St. Petersburg!**
This income-producing multi-family property features **three rented units**, established rental income, and major recent upgrades.
**Unit A:** 3/1 — $1,900/mo — 1-year lease, recently renewed
**Unit B:** 2/1 — $1,902/mo — approximately 8 months remaining
**Unit C:** 2/1 — $2,000/mo — month-to-month
**Recent Upgrades:** New roof (2023), new A/C (2023), new water heaters (2023), plus plumbing and electrical updates (2018).
**Current Expenses:** Property taxes $5,958.54/year; insurance approximately $4,000/year; electricity approximately $3,360/year; water approximately $2,160/year. Repairs and maintenance are variable.
Owner currently pays water and electricity for the **two rear apartments**. Tenant in the main house pays their own utilities.
With **three occupied units and $5,802 in current monthly rental income**, this property offers an established income stream with significant improvements already completed. Schedule your showing today!**
Property Details
Price:
$585,000
MLS #:
TB8549912
Status:
Active
Beds:
7
Baths:
3
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
GROVE HEIGHTS ANNEX
Neighborhood:
33705stpete
Listed Date:
Sep 18, 2026
Finished Sq Ft:
2,097
Total Sq Ft:
2,097
Lot Size:
5,293 sqft / 0.12 acres (approx)
Year Built:
1948
See this Listing
Schools
Elementary School:
Lakewood Elementary-PN
Middle School:
Bay Point Middle-PN
High School:
Lakewood High-PN
Interior
Appliances
Range, Refrigerator
Bathrooms
3 Full Bathrooms
Cooling
Central Air
Flooring
Carpet, Vinyl
Heating
Central
Interior Features
Ceiling Fan(s)
Laundry Features
Other
Levels
Two
Exterior
Construction Materials
Stucco
Direction Faces
East
Exterior Features
None
Roof
Shingle
Financial
Tax Year
2025
Taxes
$6,207
Map
Community
- Address721 12TH STREET S ST PETERSBURG FL
- SubdivisionGROVE HEIGHTS ANNEX
- CityST PETERSBURG
- CountyPinellas
- Zip Code33705
Subdivisions in ST PETERSBURG
Market Summary
Current real estate data for Single Family in ST PETERSBURG as of Oct 19, 2026
1,594
Single Family Listed
105
Avg DOM
381
Avg $ / SqFt
$750,117
Avg List Price
Property Summary
- Located in the GROVE HEIGHTS ANNEX subdivision, 721 12TH STREET S ST PETERSBURG FL is a Single Family for sale in ST PETERSBURG, FL, 33705. It is listed for $585,000 and features 7 beds, 3 baths, and has approximately 2,097 square feet of living space, and was originally constructed in 1948. The current price per square foot is $279. The average price per square foot for Single Family listings in ST PETERSBURG is $381. The average listing price for Single Family in ST PETERSBURG is $750,117. To schedule a showing of MLS#tb8549912 at 721 12TH STREET S in ST PETERSBURG, FL, contact your InvestPro Properties, Inc. agent at 561-203-7022.
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Courtesy of FLORIDA REAL ESTATE ASSOCIATES. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Orlando/Tampa – FL. Detailed information about real estate listings held by brokerage firms other than InvestPro Properties, Inc. include the name of the listing broker. Neither the listing company nor InvestPro Properties, Inc. shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Orlando/Tampa – FL. All rights reserved. 721 12TH STREET S
ST PETERSBURG, FL