Income-producing duplex opportunity in St. Petersburg. Comes with Americas Preferred 1 Year Home Warranty. This solid concrete block multi-family property features two spacious 3-bedroom, 2-bathroom units, offering strong rental appeal in a high-demand area for both long-term tenants and investors. Each unit provides a functional layout with updated flooring, refreshed kitchens with stone countertops and tile backsplash, and renovated bathrooms with modern subway tile finishes. Large windows bring in natural light, creating comfortable and attractive living spaces for tenants. The property offers approximately 2,140 square feet of heated living space and sits on a 75 x 90 lot in the Lewis Island area, just minutes from downtown St. Petersburg, waterfront parks, shopping, dining, and major commuter routes. Central air conditioning adds to tenant comfort and long-term rental stability. With two large 3-bedroom units, this property provides strong income potential and flexibility for investors seeking cash flow, portfolio expansion, or a house-hack opportunity by living in one unit and renting the other. St. Petersburg continues to see strong rental demand, making this a compelling opportunity to acquire a multi-family property in a growing market.
**Each unit has its own meters (water and electric) Seller is not interested in owner/seller financing type offers.
**Each unit has its own meters (water and electric) Seller is not interested in owner/seller financing type offers.
Property Details
Price:
$449,800
MLS #:
TB8482974
Status:
Active
Beds:
6
Baths:
4
Type:
Multi Family
Subtype:
Duplex
Subdivision:
LEWIS ISLAND SEC 3
Neighborhood:
33705stpete
Listed Date:
Mar 4, 2026
Finished Sq Ft:
2,140
Total Sq Ft:
2,356
Lot Size:
6,922 sqft / 0.16 acres (approx)
Year Built:
1959
Units:
2
See this Listing
Schools
Elementary School:
Lakewood Elementary-PN
Middle School:
Bay Point Middle-PN
High School:
Lakewood High-PN
Interior
Appliances
Dishwasher, Microwave, Range, Refrigerator
Cooling
Central Air
Flooring
Ceramic Tile
Heating
Central
Interior Features
Ceiling Fan(s), Living Room/Dining Room Combo
Laundry Features
Inside
Levels
One
Exterior
Construction Materials
Block
Exterior Features
Fenced
Lot Features
City Lot, Landscaped
Open Parking YN
1
Parking Features
None, Parking Pad
Patio And Porch Features
None
Roof
Shingle
Security Features
Smoke Detector(s)
Window Features
Window Treatments
Financial
Tax Year
2025
Taxes
$6,421
Map
Community
- Address245 – 247 38TH AVENUE SE ST PETERSBURG FL
- SubdivisionLEWIS ISLAND SEC 3
- CityST PETERSBURG
- CountyPinellas
- Zip Code33705
Subdivisions in ST PETERSBURG
Market Summary
Current real estate data for Multi Family in ST PETERSBURG as of Aug 29, 2026
87
Multi Family Listed
137
Avg DOM
420
Avg $ / SqFt
$732,471
Avg List Price
Property Summary
- Located in the LEWIS ISLAND SEC 3 subdivision, 245 – 247 38TH AVENUE SE ST PETERSBURG FL is a Multi Family for sale in ST PETERSBURG, FL, 33705. It is listed for $449,800 To schedule a showing of MLS#tb8482974 at 245 – 247 38TH AVENUE SE in ST PETERSBURG, FL, contact your InvestPro Properties, Inc. agent at 561-203-7022.
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Courtesy of BIANCHI REALTY & PROPERTY MANAGEMENT INC.. 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. 245 – 247 38TH AVENUE SE
ST PETERSBURG, FL
