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.
Property Details
Price:
$1,200,000
MLS #:
TB8522549
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Multi Family (5+)
Subdivision:
KINYONS H H ADD
Neighborhood:
33701stpete
Listed Date:
Jun 23, 2026
Finished Sq Ft:
3,234
Total Sq Ft:
3,345
Lot Size:
3,494 sqft / 0.08 acres (approx)
Year Built:
1925
See this Listing
Schools
Interior
Appliances
Dishwasher
Cooling
Wall/Window Unit(s)
Flooring
Laminate
Heating
Wall Units / Window Unit
Exterior
Building Features
Bathrooms, Dumpsters, Fencing
Construction Materials
Wood Frame
Roof
Shingle
Financial
Tax Year
2025
Taxes
$12,135
Map
Community
- Address255 6TH AVENUE N ST PETERSBURG FL
- SubdivisionKINYONS H H ADD
- CityST PETERSBURG
- CountyPinellas
- Zip Code33701
Subdivisions in ST PETERSBURG
Market Summary
Current real estate data for Commercial in ST PETERSBURG as of Oct 18, 2026
60
Commercial Listed
197
Avg DOM
395
Avg $ / SqFt
$1,663,874
Avg List Price
Property Summary
- Located in the KINYONS H H ADD subdivision, 255 6TH AVENUE N ST PETERSBURG FL is a Commercial for sale in ST PETERSBURG, FL, 33701. It is listed for $1,200,000 To schedule a showing of MLS#tb8522549 at 255 6TH AVENUE N in ST PETERSBURG, FL, contact your InvestPro Properties, Inc. agent at 561-203-7022.
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Courtesy of SUNSHINEAGLE LLC. 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. 255 6TH AVENUE N
ST PETERSBURG, FL