$599,999
About this home
4-Unit Investment Property – Strong Cash Flow + Upside Potential Fantastic opportunity to own an updated, income-producing multi-family property just minutes from St. Petersburg. This large, two-story building features 4 identical units, each offering 2 bedrooms and 1 bathroom, with two units upstairs and two downstairs. The property has been renovated in 2025, with updated interiors and a freshly painted exterior, providing a no-deferred-maintenance investment. Each unit is in great condition, making this a turnkey asset ready for immediate cash flow. Currently generating $5,400/month (3 units at $1,400 and 1 unit at $1,200), this property already cash flows well, with future rent increase potential to further boost returns.Situated on a large lot, the property offers ample parking in both the front and rear, along with a fully fenced yard for added privacy and security. Located in a quiet residential neighborhood, yet just minutes from downtown and with quick access to I-275, this location is highly attractive to tenants.
Property details
- MLS
- Stellar MLS
- MLS #
- MFRTB8503357
- Property type
- Quadruplex
- Subdivision
- CROMWELL HEIGHTS
- Status
- Active
- Days on market
- 142
- On market date
- April 29, 2026
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.15 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 311
- Student:teacher ratio
- 10.4:1
- District
- PINELLAS
- Enrollment
- 681
- Student:teacher ratio
- 17.0:1
- District
- PINELLAS
- Enrollment
- 140
- Student:teacher ratio
- 35.0:1
- District
- PINELLAS
Walkability
Blended score for ST PETERSBURG's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in ST PETERSBURG, from live MLS data.
Mortgage calculator
Estimate only - actual rate and payment depend on your lender, credit, and loan program.
Adjust tax / insurance estimates
Similar homes you might like
Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated 26 days ago.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.