Duplex at 245 - 247 38TH AVE SE, ST PETERSBURG
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$449,800

245 - 247 38TH AVE SE
ST PETERSBURG, FL 33705
Listed by Brenda Bianchi · BIANCHI REALTY & PROPERTY MANAGEMENT INC.
Bedrooms
6
Bathrooms
N/A
Living area
2,140 sqft
Year built
1959

About this home

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.

Property details

MLS
Stellar MLS
MLS #
MFRTB8482974
Property type
Duplex
Subdivision
LEWIS ISLAND SEC 3
Status
Active
Days on market
197
On market date
March 4, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.16 acres
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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.

Elementary
LAKEWOOD ELEMENTARY SCHOOL
0.59 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
352
Student:teacher ratio
12.1:1
District
PINELLAS
Middle
BAY POINT MIDDLE SCHOOL
2.27 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
796
Student:teacher ratio
18.5:1
District
PINELLAS
High
LAKEWOOD HIGH SCHOOL
1.63 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
936
Student:teacher ratio
18.0:1
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).

64
Walkable
out of 100
EPA National Walkability Index
13.3 / 20 -- Above average walkable
Google Places amenity density
60 / 100
Restaurants & cafes6
Grocery stores2
Parks8
Schools2
Transit stops20
Pharmacies0

Market position

How this listing compares to current activity in ST PETERSBURG, from live MLS data.

On the market 197 days -- 99 more days than ST PETERSBURG's current average of 98 days.
For reference, the median list price across 4,033 active listings in ST PETERSBURG right now is $339,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$2,859/mo
$89,960 down
$359,840 loan
Principal & interest$2,334
Property tax (est.)$375
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated September 17, 2026.

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.