Investors, take note: this fully occupied fourplex offers dependable cash flow from day one. The property consists of two identical duplex buildings, each with two 1-bedroom units, for four identical units in total. The matching floor plans make maintenance, turnovers, and rent comparisons simple.
All four units are leased, and three of the four tenants are long-term residents, giving you an established rent roll and low turnover. Each unit has its own separately metered power and water, so tenants pay their own utilities and your operating costs stay down.
A separate outbuilding adds flexibility. Use it as storage, or convert it into an on-site laundry facility for an additional income stream. Four dedicated off-street parking spaces, plus ample street parking, add convenience for residents.
Whether you’re expanding your portfolio or buying your first multifamily property, 1139 40th St S combines steady occupancy, efficient operations, and room to add value. Schedule your showing today. Please do not disturb tenants.
All four units are leased, and three of the four tenants are long-term residents, giving you an established rent roll and low turnover. Each unit has its own separately metered power and water, so tenants pay their own utilities and your operating costs stay down.
A separate outbuilding adds flexibility. Use it as storage, or convert it into an on-site laundry facility for an additional income stream. Four dedicated off-street parking spaces, plus ample street parking, add convenience for residents.
Whether you’re expanding your portfolio or buying your first multifamily property, 1139 40th St S combines steady occupancy, efficient operations, and room to add value. Schedule your showing today. Please do not disturb tenants.
Property Details
Price:
$399,900
MLS #:
TB8556986
Status:
Active
Beds:
4
Baths:
4
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
PAINES SUB
Neighborhood:
33711stpetegulfport
Listed Date:
Oct 15, 2026
Finished Sq Ft:
1,760
Total Sq Ft:
2,000
Lot Size:
9,200 sqft / 0.21 acres (approx)
Year Built:
1959
See this Listing
Schools
Interior
Appliances
Range, Refrigerator
Cooling
Wall/Window Unit(s)
Flooring
Ceramic Tile
Heating
Baseboard, Wall Units / Window Unit
Interior Features
Ceiling Fan(s), Living Room/Dining Room Combo, Other
Laundry Features
None
Levels
One
Exterior
Common Walls
End Unit
Construction Materials
Wood Frame
Exterior Features
Outbuilding, Other, Private Entrance, Private Mailbox
Lot Features
City Lot
Open Parking YN
1
Other Structures
Storage
Parking Features
Common, Off Street, On Street, Open, Parking Pad
Patio And Porch Features
Covered, Enclosed, Screened
Roof
Shingle
Financial
Tax Year
2025
Taxes
$5,116
Map
Community
- Address1139 40TH STREET S ST PETERSBURG FL
- SubdivisionPAINES SUB
- CityST PETERSBURG
- CountyPinellas
- Zip Code33711
Subdivisions in ST PETERSBURG
Market Summary
Current real estate data for Multi Family in ST PETERSBURG as of Oct 19, 2026
77
Multi Family Listed
123
Avg DOM
453
Avg $ / SqFt
$759,435
Avg List Price
Property Summary
- Located in the PAINES SUB subdivision, 1139 40TH STREET S ST PETERSBURG FL is a Multi Family for sale in ST PETERSBURG, FL, 33711. It is listed for $399,900 To schedule a showing of MLS#tb8556986 at 1139 40TH STREET S in ST PETERSBURG, FL, contact your InvestPro Properties, Inc. agent at 561-203-7022.
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Courtesy of SPENCERS PLUS REALTY 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. 1139 40TH STREET S
ST PETERSBURG, FL
