$399,000
About this home
Income-producing duplex generating $3,250 per month ($39,000 annually) located in the heart of St. Petersburg. This fully rented property offers a great opportunity for investors looking to expand their rental portfolio with a stabilized income-producing asset in one of the area’s strongest rental markets. The upstairs unit features a spacious 2-bedroom, 1-bathroom layout that has been updated with a new A/C unit, new range, new tub liner, and fresh interior paint, creating a clean and comfortable living space. One of the standout features of the upstairs unit is the pull-down attic staircase that leads to additional air-conditioned bonus storage space with finished flooring and trim. This versatile area has been used by the current owners for additional sleeping space or storage, offering functionality that is rarely found in properties of this size. The downstairs unit has been professionally storm remediated and updated with new drywall, fresh interior paint, a new toilet, and a sump pump installation, providing peace of mind for future ownership. Several major capital improvements have already been completed, including a brand-new roof (2025), new water line installed from the curb stop, patched and repainted exterior, and a termite bait system for preventative protection. The property also features a newer exterior washer and dryer installed in 2024 for tenant convenience. Situated on a fully fenced lot, this property is centrally located with easy access to Downtown St. Petersburg, major roadways, shopping, dining, and entertainment, and is approximately 20 minutes from St. Pete Beach. With solid rental income, recent improvements, and a prime central location, this property presents an excellent opportunity for investors seeking a turnkey income-producing property with long-term potential in the growing St. Petersburg market.
Property details
- MLS
- Stellar MLS
- MLS #
- MFRTB8483885
- Property type
- Duplex
- Subdivision
- COLFAX CITY
- Status
- Active
- Days on market
- 158
- On market date
- March 6, 2026
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.11 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
- 275
- Student:teacher ratio
- 11.0:1
- District
- PINELLAS
- Enrollment
- 681
- Student:teacher ratio
- 17.0:1
- District
- PINELLAS
- Enrollment
- 1,745
- Student:teacher ratio
- 20.5:1
- 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 August 11, 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.